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Amazon CEO, Jeff Bezos to step down this year



The Chief Executive Officer of Amazon company, Jeff Bezos will step down from his CEO position later this year.


The company had announced on February 2nd that the Amazon boss will be replaced by Andy Jassy, a long time employee of the company.

Since 1995 the Amazon company was formed, Bezos has been the company’s CEO, he advanced the company from an online bookseller into a $1.7 trillion global retail and logistics Heavyweight.

Jassy who is to take over, has worked for Amazon since 1997 and currently serves as CEO of the company’s cloud business, Amazon Web Services.


In a letter to employees of the company, Bezos wrote,

“Being the CEO of Amazon is a deep responsibility, and it’s consuming,”

“When you have a responsibility like that, it’s hard to put attention on anything else. As Executive Chairman I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have.”



The company’s stock has grown close to 69% over the past one year.

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Jeff Bezos fast closing in on Elon Musk to reclaim richest man in the world title




Former richest man in the world, Jeff Bezos is about to reclaim his title from Elon musk as his worth is now $191billion which is $3billion close to Elon’s $194billion



Jeff Bezos, owner of Amazon company who runs the $1.643 trillion valued company is now worth $191 billion and within striking distance of the present world’s richest man, Elon Musk, estimated to now be worth $194 billion, according to data retrieved from Bloomberg Billionaire Index.


Elon Musk



The chief executive officer who is about to hand over his CEO title to an employee have under his tenure as the chief executive officer of the e-commerce giant actually ranked second among all S&P stocks since the IPO in May 1997.


The 57-year-old billionaire is the founder of Amazon, the world’s biggest online retailer company on earth. The American based company sells books, household goods, and other retail products through its flagship platform.

Jeff Bezos




His company also controls the Whole Foods grocery chain and offers video streaming services and is still the biggest cloud computing provider all over the world.


His cash at the bank is estimated to be worth $9.7 billion and most of his wealth is tied to its stake in Amazon.




Recall the Chief Executive Officer and Founder, Amazon, recently stepped down from his role and has been replaced by Amazon’s Cloud Computing Division CEO, Andy Jassy.


Amazon CEO, Jeff Bezos to step down this year

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Cryptocurrency ban: Providus bank announces closure of its virtual account



The management of Providus Bank has announced the closure of the bank’s virtual accounts following the directive from the Central Bank of Nigeria which came on Friday.



The announcement was made on Sunday through the twitter handle of the bank, in the tweet, the bank said,

“ We wish to announce that our virtual payment services are currently unavailable . In the meantime, customers are advised to use alternative payment options , ”.



Providus bank

Following this announcement by Providus bank, Piggyvest, a fintech company in partnership with the bank advised its customers to get their new virtual account details. The tweet read,

“ We received communication from our virtual account provider that the existing Providus virtual accounts are currently inactive . Please login to your account to get your new virtual account details , “




Another online payment platform, Monnify , issued a statement assuring customers of new account numbers to replace the ones where was provided by the bank, the statement read,

“ We would ask that you don ’ t panic and rest assured that you would be able to access all your funds , as we are currently working with the bank to reconcile the funds in their position for availability and a graceful exit .
“ We believe as soon as tomorrow but no later than Wednesday , we will back with a new partner bank. ”


CBN orders banks to shutdown all crypto transactions in Nigeria

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Bill Gates advises Nigerian Government against purchasing Covid-19 vaccines



American businessman and CEO of microsoft, Bill Gates, during a virtual press conference ahead of the launch of the 2021 Bill and Melinda Gates annual letters which held on Tuesday night, Jan 26th, has advised the Nigerian Government against using its limited resources to order for expensive Covid-19 vaccines when it can wait for those from Gavi.


He said they should wait for Gavi vaccines and the money proposed for the Covid-19 vaccines be channeled into other health related areas as it would help deepen vaccine coverage and help save lives.



He wrote:


“The key is that Nigeria is still eligible (for GAVI Vaccinee), and so, for a lot of those vaccines, they will come through the GAVI facility that we’ve raised money for.
I’m an advocate for the government to have more resources and prioritise health. Obviously I’m not a voter in Nigeria, so Nigeria can decide that independently.
So my advice is that the primary health care system is what’s super important and that with those finite resources, you have to prioritise expenditure. And in that case, waiting for the GAVI vaccines would be the best thing” he said.


Gavi is a global Vaccine Alliance that brings together public and private sectors, creating equal access to new and underused vaccines for children living in the world’s poorest countries.



Gates also warned other governments to start preparing for the next pandemic


“The unfortunate reality is that COVID19 might not be the last pandemic. We don’t know when the next one will strike, or whether it will be a flu, a coronavirus, or some new disease we’ve never seen before.”


“But what we do know is that we can’t afford to be caught flat?footed again. The threat of the next pandemic will always be hanging over our heads—unless the world takes steps to prevent it” he said.



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