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Alakija’s Son Spends N2Bn to Marry Iranian

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Folarin Alakija, whose mum is Nigerian billionaire oil tycoon Folorunsho Alakija, spared no expense on his opulent nuptials to Iranian beauty Nazanin Jafarian Ghaissarifar

Folarin, who is one of Alakija’s four sons reportedly forked out a princely £5million (pounds), about N2billion for the extravagant bash at Blenheim Palace in Oxfordshire over the weekend,

The father-of-one, who is in his late 30s and lost his first wife to cancer, tied the knot to his stunning wife in front of friends, family and celebrities, including Victoria’s Secret Angel, Shanina Shaik.

While Folarin makes his money as an entrepreneur, investor and cinematographer, it’s his mother who has an estimated fortune of $2.1 billion.

Forbes rank her as the 14th richest person in Africa but the richest woman in the country.

She is number 80 on its global Power Women list and overtook Oprah Winfrey as the richest woman of African descent in the world in 2014.

It is thought the family flew hundreds of close friends and family members over from Nigeria, who were no doubt put up in the lavish hotel for the weekend.

The Woodstock venue, which is the ancestral home of Sir Winston Churchill, was kitted out with one million white roses, a lavish cake decorated with hundreds of ornate white roses and even hosted pop star Robin Thicke at an estimated cost of £150,000.

Wedding planners believe the venue hire was exclusively hired at a cost of £150,000 with the bespoke marquee and bespoke marble floor with their initials etched in gold costing around £200,000 on top.

According to the venue’s website, the cost of hiring the whole venue is on application but hiring just the palace and state rooms costs £33,000. Searcys are the approved caterer for the Orangery at Blenheim palace and three course meals start at £52 per head – excluding alcohol – but it’s believed they had a much more expensive bespoke package.

Guests dined on deliciously lavish food, such as barley wafers with cheddar custard and chive yoghurt dip, crispy duck egg and Wiltshire truffle.

The breathtaking flowers were the work of Jeff Leatham, who is known for his elaborate decorating of the Kardashian’s homes.

Bringing over 30 staff members to the UK for the ceremony, Jeff adorned every inch of the venue with copious amounts of roses and white orchids.

Jeff, who can command up to £250,000 for flowers, has worked for Madonna, Oprah and Tina Turner.

He was also the man behind the flowers at Eva Longoria and Tony Parker’s wedding. Guests were also treated to a surprise performance from Blurred Lines singer Robin Thicke, who reportedly costs around £150,000 to hire and would have been flown over from the US, as well as a magnificent firework display in the hotel grounds later in the evening.

Folarin’s new wife, who once dated Rob Kardashian, studied Bioengineering and Biomedical Engineering at the University of Manchester, has a graduate Diploma in Law and has also worked as a model and marketing consultant.


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NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

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The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.

Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.

“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.

Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.

“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.

He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.

“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.

During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.

Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.

“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.

The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.

In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.

Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.

The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.

 


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NRS Takes Over Mineral Royalties Collection Under New Tax Laws

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Nigeria Revenue Service (NRS) has assumed responsibility for collecting mineral royalties from mining operators nationwide, following new tax laws effective January 1, 2026.

NRS Takes Over Mineral Royalties Collection Under New Tax Laws

NRS

The shift emerged from a Thursday meeting between Solid Minerals Development Minister Dele Alake and NRS Chairman Dr. Zacch Adedeji. Their joint statement, endorsed by both, confirms NRS now administers all federally collectible revenues, including royalties.

Enacted by President Bola Tinubu on June 26, 2025, the Nigeria Tax Laws 2025 empower this transition. The Ministry of Solid Minerals Development remains a key partner, supplying pricing data, geological insights, and sector coordination.

NRS Special Adviser Dare Adekanmbi’s statement outlines collaborative steps: a nationwide sensitization program for operators on filing and payments; development of a digital royalty system; and regular joint technical sessions to address issues.

Both agencies pledge orderly, transparent implementation to boost the mining sector. Operators must comply with obligations and join upcoming programs.

The move aims to streamline revenue collection while fostering mining growth.


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Microsoft Revamps Copilot in Workplace AI Push

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Microsoft has rolled out a new set of features for its Microsoft 365 Copilot platform, including tools for complex, multi-step work and deeper research tasks, as competition in workplace artificial intelligence (AI) intensifies.

The update introduces Copilot Cowork, a capability aimed at handling long-running tasks across Microsoft 365 applications.

The feature is being made available through the company’s Frontier programme, which typically gives early access to experimental tools.

Microsoft is also integrating technology linked to Claude – an AI model developed by Anthropic –into Copilot, signalling a broader shift toward using multiple AI systems within a single product rather than relying on a single model.

Jared Spataro, chief marketing officer for AI at Work at Microsoft, says the company is positioning Copilot as a system embedded directly into workplace software, rather than a standalone tool.

“Microsoft 365 Copilot is your AI for work,” he says, adding that it draws on multiple AI models and is integrated into existing workflows.

Alongside this, Microsoft has upgraded its Researcher feature, which is designed to analyse information from multiple sources and generate structured reports.

A new “Critique” function separates the drafting and review process between different AI models – one generates an initial response, while another evaluates and refines it.

The company says this approach improves output quality, with Researcher showing gains on its internal benchmark for accuracy, completeness and objectivity.

Another addition, called Model Council, allows users to compare outputs from different AI models side-by-side, highlighting differences in responses and reasoning.

The updates form part of what Microsoft calls “Wave 3” of Copilot, as it pushes to embed generative AI deeper into enterprise software. The move reflects a wider industry trend towards combining models from multiple providers, including OpenAI and Anthropic, to improve performance and reliability.

 


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