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 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 Poultry Association of Nigeria (PAN), Lagos State chapter, has championed the move for the attainment of food security in the country. The association at its 2024 annual Conference and Exhibition with the theme: ‘Poultry Association of Nigeria Lagos (PANLAG) on the Pathway to Food Security and Sustainability’ called for the attainment of food security…
At Meta Connect 2024, Mark Zuckerberg shared updates on Meta’s leading work in AI, wearables, and mixed reality which are building towards Meta’s vision of the next computing platform. Orion: True AR glasses have finally arrived. We believe Orion is the most advanced pair of AR glasses ever made and the result of breakthrough inventions…
