The combined net worth of Nigeria’s four wealthiest individuals is $23.8 billion, according to the Forbes Real-Time Billionaires List, down from $27.8 billion in Q1. This reflects a decline of $4 billion off their combined wealth in the last eight months, due to economic headwinds, persistent devaluation of the naira as well as high inflationary pressures in the country. These individuals play key roles in critical sectors of Nigeria’s economy and maintain significant positions on the global wealth index. Their financial standing reflects trends in Nigeria’s economy, which is shaped by currency fluctuations, policy changes, and market forces. The refining…
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Candidate of the Social Democratic Party (SDP) in the 2023 presidential election, Prince Adewole Adebayo has emphasised the need for standardisation in managing projects in Nigeria. He made the call while delivering a keynote speech at the 2024 annual project management conference and induction ceremony of the Chartered Institute of Project Managers of Nigeria. Adebayo, who argued that project management was about standard, noted that housing and road construction in Nigeria differ from place to place because there is no clear cut standard in managing such projects in Nigeria. “If you go round different parts of Nigeria, we have no…
The combined net worth of Nigeria’s four wealthiest individuals is $23.8 billion, according to the Forbes Real-Time Billionaires List, down from $27.8 billion in Q1. This reflects a decline of $4 billion off their combined wealth in the last eight months, due to economic headwinds, persistent devaluation of the naira as well as high inflationary pressures in the country. These individuals play key roles in critical sectors of Nigeria’s economy and maintain significant positions on the global wealth index. Their financial standing reflects trends in Nigeria’s economy, which is shaped by currency fluctuations, policy changes, and market forces. The refining…
The combined net worth of Nigeria’s four wealthiest individuals is $23.8 billion, according to the Forbes Real-Time Billionaires List, down from $27.8 billion in Q1. This reflects a decline of $4 billion off their combined wealth in the last eight months, due to economic headwinds, persistent devaluation of the naira as well as high inflationary pressures in the country. These individuals play key roles in critical sectors of Nigeria’s economy and maintain significant positions on the global wealth index. Their financial standing reflects trends in Nigeria’s economy, which is shaped by currency fluctuations, policy changes, and market forces. The refining…
The Nigerian Railway Corporation (NRC) has announced plans to operate special train services to mark the Christmas and New Year celebrations. This initiative, directed by the Federal Government through the Ministry of Transportation, aims to enhance Nigerians‘ festive experience. In a press release signed by Yakub Mahmood, the Deputy Director of Public Relations, the NRC assured passengers that the special services would run on scheduled passenger train routes. The corporation described the gesture as part of the government’s commitment to ensuring enjoyable end-of-year celebrations for all citizens. Details regarding the dates and modalities of the service will be announced in…
A wave of jubilation swept through Gboko, Benue State, as Dangote Cement Plc and six host communities signed a historic Community Development Agreement (CDA). The landmark accord signed yesterday, which commits Dangote Cement to multimillion-naira development initiatives, was celebrated as a transformative milestone. The communities pledged to uphold peaceful coexistence. His Royal Highness, Ter Gboko, Gabriel Shosum, hailed the pact as the dawn of a new era, affirming that the communities’ longstanding aspirations had been realised. The monarch extended gratitude to Alhaji Aliko Dangote, President of the Dangote Group, for his commitment to addressing the needs of the host communities…
The Nigerian Railway Corporation (NRC) has announced plans to operate special train services to mark the Christmas and New Year celebrations. This initiative, directed by the Federal Government through the Ministry of Transportation, aims to enhance Nigerians‘ festive experience. In a press release signed by Yakub Mahmood, the Deputy Director of Public Relations, the NRC assured passengers that the special services would run on scheduled passenger train routes. The corporation described the gesture as part of the government’s commitment to ensuring enjoyable end-of-year celebrations for all citizens. Details regarding the dates and modalities of the service will be announced in…
The current state of revenue generation in the country is giving Nigerians genuine cause for concern. A recent report revealed that only two states, Lagos and Rivers, are economically viable. This means the remaining 34 states heavily depend on monthly federal government allocations to pay salaries and carry out other essential activities. This is a worrying trend that must be addressed urgently. According to the latest data released by the National Bureau of Statistics (NBS), the 36 states of the federation and the Federal Capital Territory (FCT) generated N2.43 trillion internally in 2023. The Internally Generated Revenue (IGR) for 2023…
Manchester City put their recent disastrous spell behind them as they ended a seven-game winless streak by beating Nottingham Forest 3-0 on Wednesday night. BBC reports first-half goals from Bernardo Silva and star man Kevin de Bruyne put Pep Guardiola’s side in command by the break, with Jeremy Doku adding a third 12 minutes after the interval. After six defeats and a 3-3 draw with Feyenoord that must have felt like a loss given City were 3-0 up with 20 minutes left, the delight at successfully reaching the finish line on this occasion was obvious. It wasn’t perfect…
No fewer than 12 persons were killed as bandits on Wednesday planted an explosive around Mai Lamba area along Dansadau-Gusau Road in Maru local government area of Zamfara State. LEADERSHIP gathered that a Gulf Wagon car conveying about 11 passengers from Gusau to Dansadau drove on the explosive device, which exploded and killed the driver and other occupants of the vehicle on the spot. Narrating the incident to LEADERSHIP via telephone, a resident of the area, Malam Murtala Sani, said the explosion killed all the passengers in the vehicle as they were burnt beyond recognition. “As I am talking to…