Nigeria might lose over 300 millionaires in the nearest future to investment migration, a disturbing trend for the country. Millionaires continue to migrate to other countries in search of greener pastures as the national economy undergoes major structural reforms. Henley & Partners, a global leader in residence and citizenship planning, noted increasing wealth concentration in…
A technology service provider, Phase 3 Telecom, has said education has a huge role to play in shaping the future of the youths who in turn will become the drivers of the national economy. Its Chairman, Mr. Stanley Jegede, who spoke during the announcement of the expansion of the scope scope of EDP initiative of…
The Federal Government has suspended several prison officials over allegations of misconduct involving the handling of cross-dresser Idris Okuneye, popularly known as Bobrisky. This follows an audio leak suggesting that Bobrisky, who was sentenced to six months in prison, spent the terms in a private apartment outside the custodial centre. A social media influencer, Martins…
The Central Bank of Nigeria (CBN) has announced the provision of additional U.S. dollars to Bureau De Change (BDC) operators to boost liquidity in the foreign exchange (forex) market. This decision was communicated through a circular issued by the Trade and Exchange Department of the CBN, titled TED/FEM/PUB/FPC/001/028, yesterday. The circular, signed by Acting Director…
Major operator in the TowerCo space, IHS Towers, has promised to build one of the largest tech hubs in the country as a way of deepening the ecosystem and facilitate knowledge acquisition by the youths. Chief Corporate Services Officer, IHS Nigeria, Dapo Otunla, who spoke in Lagos during the a press conference to present the…
International maritime giant, DP World, has unveiled its plans to develop a multibillion-dollar port project in Nigeria. Group Chairman & CEO of DP World, Sultan Ahmed bin Sulayem, disclosed this during a courtesy visit to Vice President Shettima on the sidelines of the ongoing United Nations General Assembly in New York, United States. The proposal…
US oil major, ExxonMobil, has disclosed plans to invest $10 billion in Nigeria’s deep-water oil operations. Vice President Kashim Shettima welcomed the investments on the sidelines of the 79th Session of the United Nations General Assembly (UNGA) in New York, United States describing the development as a testament to the administration’s investment-friendly policies. A statement…
Afrinvest (West Africa) Limited, an investment management firm, has announced a strategic integration with Western Union, a leader in money transfer services. This partnership marks the first time Western Union has collaborated with an African investment platform, allowing Nigerians abroad to remit funds directly for financial investments through Afrinvest’s investment platform, Optimus by Afrinvest. The…
The Lagos Lotteries and Gaming Authority, Nigerian Breweries and others have partnered Supremacy Concert to celebrate Nigeria’s Independence in the highest of spirits. Organisers of the event said the participation of the state government and others in the celebration is a reflection of the appreciation of the role the entertainment industry plays in the economy….
