Business

Jack Ma, the Ant and Alibaba founder is no longer the richest man in China and neither is he the second richest. He has been surpassed by two businessmen and currently sits in the third position. Jack Ma’s position was snatched by a man who at age 30, was working ...

It is no longer news that the world’s most powerful and richest individuals in finance are dominated by men that include Ray Dalio (net worth of $17 billion), the founder of Bridgewater Associates, the world’s biggest hedge fund; and Stephen Schwarzman (net worth of $24 billion), the man that leads ...

Access Bank Plc has announced that it received approval from South African and Nigerian regulatory authorities to acquire South African-based Grobank Limited.  The bank’s expectation of 30% profit outside its Nigerian base, through a series of acquisitions in East and West Africa, is coming to fruition.       According to the announcement, the ...

Is it a coincidence that the two wealthiest individuals on the planet are both nursing space transport dreams? Elon Musk and Jeff Bezos are both front runners in the two foremost and advanced space programs on the planet at the moment.       Although their motive, which is to ...

Shell Nigeria Exploration and Production Company (SNEPCO) has appointed Elohor Aiboni as its first female Managing Director.       This was disclosed by a source in the company on Sunday. The development was also confirmed by one of the aides of President Muhammadu Buhari on Social media, Lauretta Onochie ...

Winners have emerged at the Heritage Bank Plc, ‘YNSPYRE’ Cream Platform Promo held in Abuja. CREAM Platform, Nigeria’s premiere creative reward platform officially kicked off its partnership with Heritage Bank’s YNSPYRE Initiative with the commencement of the CREAM Monthly draws on Friday – March 26th 2021, rewarding subscribers who dialed ...

…REINFORCES ITS LEADING ROLE IN PROMOTING WOMEN EMPOWERMENT First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the fourth edition of its annual FirstGem Conference, tagged FirstGem 4.0. The 2021 event is themed ‘The Art of Negotiation’ and convened to provide women with insights on ...

Dangote Cement, one of Nigeria’s largest indigenous companies and the largest by market capitalization incurred a company income tax of N97 billion for the financial year ended December 2020.       This s according to the information contained in its full-year audited financial statements for the period under review. ...

Tesla boss, Elon Musk, the second richest man on the planet lost $8bn from his net worth this week.       According to Forbes, Elon Musk is currently worth $162.4 billion and is still the richest man. Musk’s net worth is highly intertwined with his shares in his Tesla company. ...

The Central Bank of Nigeria’s Naira4Dollar scheme may have attracted about $40 million in foreign remittances in one week, according to a reliable source with knowledge of the scheme.       Sources informs that the scheme had performed a lot more than expected as remittances via commercial banks have ...