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CBN Pays Nearly $2 Billion Towards FX Backlog
In a bid to clear the backlog of dollars, Africa’s biggest economy, Nigeria, via the Central Bank of Nigeria (CBN), has paid $2...
FinanceNews
FG Launches Investigation into Alleged Misuse of Funds by Ministry of Humanitarian Affairs
In response to mounting concerns and widespread public speculation, the Nigerian government has initiated a thorough investigation into the purported misallocation of public...
BusinessFinance
Dr. Tayo Aduloju Appointed as CEO of Nigerian Economic Summit Group
Dr. Tayo Aduloju has been appointed as the new Chief Executive Officer of the Nigerian Economic Summit Group (NESG), effective from January 1,...
BusinessFinance
Gautam Adani Regains Title as Asia’s Richest, Surpassing Challenges in a Resurgent 2024
Gautam Adani has reclaimed his title as Asia’s wealthiest individual, with a net worth of $97.6 billion, making him the 12th richest globally,...
BusinessFinance
Africa’s Richest Black Billionaires 2024: Diverse Entrepreneurs Driving Economic Empowerment
Africa boasts a continent rich with enterprising individuals, producing world-class businessmen. Notably, among Africa’s top billionaires are some who may not fit the...
BusinessFinance
Nigerian Billionaire Tycoons’ Companies Achieve Staggering N3.1 Trillion Capital Gain in 2023
In 2023, Nigerian billionaire investors Herbert Wigwe, Aliko Dangote, Femi Otedola, and Jim Ovia saw their companies – Geregu, Zenith Bank, Access Holdings,...
FinanceNews
Alleged Laundering: Former Minister Apologise to EFCC for Not Honouring Invitation
Former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar Farouq, has issued an apology to the Economic and Financial Crimes...
FinanceNews
South African Tycoon Johann Rupert Overtakes Aliko Dangote as Africa’s Wealthiest, According to Latest Forbes Ranking
South Africa’s Johann Rupert and his family have claimed the title of Africa’s top billionaires, surpassing Nigeria’s Aliko Dangote, as per the latest...
FinanceNews
“Real Economic Thinking is not Happening” – Kingsley Moghalu
In a recent post on his X page, former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has expressed grave...
FinanceNews
Former Ogun State Governor Urges Taxation of Mansion Owners to Boost State Revenue
Former Governor of Ogun State, Olusegun Osoba, has advocated for the taxation of mansion owners in states across the country, specifically mentioning Ogun...
BusinessFinanceNews
CBN Issues Guidelines on Banking Relations with Virtual Assets Service Providers
The Central Bank of Nigeria (CBN) has released comprehensive guidelines outlining the operations of bank accounts for Virtual Assets Service Providers (VASPs). This...
FinanceNews
Nigerian Billionaires Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga Experience $9.3 Billion Wealth Decline in 2023 Amid Naira Devaluation
In 2023, the combined wealth of Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga declined by $9.3 billion, marking a 33.9% decrease to $18.1...