Fémi Adéola
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Johann Rupert, President of luxury giant Richemont, has recently experienced a spectacular financial ascent that propelled his net worth to impressive heights. The South African billionaire saw his fortune increase by $800 million in a single day, a surge attributed to the surge in the Richemont stock price. This significant increase has contributed to reducing…
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The meteoric financial rise of Aliko Dangote continues to astonish the business world. Just a week after Forbes revised upwards the valuation of his fertilizer plant, the Nigerian businessman experienced a spectacular increase in his fortune. In a mere 24 hours, his net worth surged by $1.5 billion, skyrocketing from $15.5 billion to an impressive…
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In a recent report, Oxfam highlights the overwhelming economic disparity prevailing in Africa. Dangote and the six other wealthiest individuals on the continent amass a wealth of $52 billion, surpassing that of the 700 million people forming the poorest half of Africa’s population. This observation sheds light on the urgent need to address this blatant…
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Tony Elumelu‘s remarkable journey in the African business realm is exemplified through the continuous success of the enterprises he oversees, namely United Bank for Africa (UBA), Transcorp, and its subsidiary Transcorp Hotels. Recognized as one of Africa’s most influential business leaders, Elumelu has just set a new milestone by becoming the third Nigerian billionaire to…
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Nigerian telecommunications and oil magnate, Mike Adenuga, has reclaimed the second position in the ranking of the wealthiest men in Nigeria, surpassing Abdul Samad Rabiu after Forbes reevaluated the value of his mobile telecommunications empire, Globacom. This reassessment has propelled his net worth to $7.4 billion, solidifying his iconic status in the African economic landscape.
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The Nigerian entrepreneur Tolu Alabi recently successfully led a pre-seed funding round of $1.5 million for her San Francisco-based fintech startup, Cleva Banking. This achievement in fundraising was made possible with the support of major investors such as 1984 Ventures and renowned venture capital firms including The Raba Partnership, Byld Ventures, FirstCheck Africa, and several…
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The recent suspension of Dr. Betta Edu, Minister of Humanitarian Affairs and Poverty Alleviation, by Nigerian President Bola Tinubu, has rocked the country and sparked a wave of public outrage. This decision stems from alleged misappropriation of public funds amounting to over 585 million nairas (approximately $640,000 or £500,000) into a personal bank account. This…
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The touching story of Debbie, a Nigerian woman mocked for her dedication to preparing breakfast for her husband every day at 4:50 am, sparked an incredible wave of support on social media. Her decision to change her routine to meet her spouse’s expectations sparked an online debate, where the online community quickly rallied to offer…
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Donald Trump, campaigning in Iowa, reiterated his confidence in his victory in the upcoming November presidential election. Three years after the Capitol assault, and amidst controversies and legal proceedings, Trump remains resolutely optimistic. In a speech lasting over two hours in Newton, the former president criticized Joe Biden, labeling him the “worst” president in U.S.…