Divorce: Bill Gates may drop from #4 to #17 on billionaires index –Report

Microsoft founder, Bill Gates, may drop from number 4 to number 17 on billionaires index after splitting his fortune with his wife of 27 years, DailyMail reports. According to Forbes, Jeff Bezos topped the billionaires index with $177bn followed by Elon Musk with $151bn, Bernard Arnault & family with $150bn and Bill Gates with $124bn. Sixty-four-year-old Bill is the fourth richest man in the world but his fortune may dip after the techprenuer and his wife, Melinda posted a joint statement on Twitter on Monday about their divorce. The court petition filed by…

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UBA bags Bank of the Year award

UBA bags Bank of the Year award

UBA bags Bank of the Year  award     Pan-African financial institution, United Bank for Africa (UBA) Plc added to its growing list of laurels at the Independent Newspaper Awards, winning the Bank of the Year. The bank was announced winner of the coveted awards at a glamorous event which was well-attended by the top echelon of the financial sector including Bank CEOs, Captains of Industries and Senior financial executives. The Editor, Independent Newspapers, Don Okere Presenting the Bank of the Year Award to Directorate Head, Lagos Island, United Bank…

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FG approves June 30 as NIN-SIM verification deadline

NIN enrolment reaches 54m

FG approves June 30 as NIN-SIM verification deadline   As NIN enrolment reaches 54m   The Federal Government has approved the extension of the deadline for National Identity Number (NIN)-Subscriber Identity Module (SIM) data verification to the 30th of June, 2021.   The extension was as a result of the virtual meeting chaired by the Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, FNCS, FBCS, FIIM, and attended by following officials- Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, the Executive Vice Chairman/CEO of NCC,…

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Nigerian Breweries posts 39.5% increase in Q1 profit

Nigerian Breweries posts 39.5% increase in Q1 profit

Nigerian Breweries posts 39.5% increase in Q1 profit     The first quarter of 2021 is a great start for the Nigerian Breweries Plc (NB) as the company reported a 39.5 per cent rise in its profit at the end of the quarter. The company disclosed that its profit after tax for the first quarter of 2021 financial year rose to N7.73 billion from the N5.54 billion recorded for the corresponding period in the previous year. The brewing company reported N105.7 billion as revenue for Q1 2021, up 27 per…

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Nigeria received $8.4bn investment announcement inflows in Q1 2021

investment announcement

Nigeria received $8.4bn investment announcement inflows in Q1 2021   Nigeria received about $8.4b investment announcement inflows in quarter one (Q1) 2021, Executive Secretary of the Nigerian Investment Promotion Commission (NIPC) Yewande Sadiku has said. Sadiku disclosed this during a media briefing with journalists on the highlight of Q1 achievement of the Commission in Abuja. The NIPC boss noted that although investment announcements are not investments, they indicate investors’ interest in Nigeria. “We have been honest that the gap between announcement and actual investment demonstrate potential. We have also said…

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MTN grows Q1 profit to N74bn despite losing 5m subscribers

MTN grows Q1 profit to N74bn despite losing 5m subscribers

MTN grows Q1 profit to N74bn despite losing 5m subscribers     Telecommunications giant, MTN Nigeria Communications Plc has reported an improved profit after tax (PAT) of N73.75 billion for the first quarter of 2021, up 42.35 per cent from N51.74 billion in the same quarter of last year. The telecommunications company said its profit before tax rose to N102.99 billion in Q1 2021 from N76.91 billion in the same period last year. The positive numbers were posted despite a decline in the number of subscribers on its network which…

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Bill and Melinda Gates part ways after 27-year marriage

Bill, Melinda Gates part ways after 27-year marriage

Bill and Melinda Gates part ways after 27-year marriage     One of the world’s richest men, Bill Gates, and his wife, Melinda, on Monday, announced that they had made a decision to end their 27-year marriage. The couple made the announcement in a joint statement on their verified Twitter handle. The post reads, “After a great deal of thought and a lot of work on our relationship, we have made a decision to end our marriage. Over the last 27 years, we have raised three incredible children and built…

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As Ethereum gives Bitcoin CAP a hot chase

As Ethereum gives Bitcoin a hot chase

… As Ethereum gives Bitcoin CAP a hot chase   Ethereum is giving Bitcoin, the world’s most popular cryptocurrency, a hard chase in the crypto market. Ethereum is now valued at $3,000 and makes up 15 per cent of the crypto market, according to tracker CoinGecko. Bitcoin is valued above $58,000 and accounts for about 46 per cent of the crypto market. This is down from the 70 per cent share of the crypto market it held at the beginning of the year. According to data from CoinMarketCap on Monday,…

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Heritage Bank account holders win over N12m in promo

Heritage Bank account holders win over N12m in promo

R-L: Fela Ibidapo, Divisional Head, Corporate Communications, Heritage Bank; winner of YNSPYRE draw, John Njoku; Dapo Oyebanjo (D’banj) and Ihotu Esther Etodo who was presented with the cheque of N200, 000 won in the March monthly draw, during the 2nd monthly draw of Heritage Bank’s YNSPYRE product in collaboration with CREAM Platform, at the weekend in Lagos. New winners have emerged from the YNSPYRE product promo of Heritage Bank  in collaboration with the CREAM Platform. The YNSPYRE account holders who subscribed to the platform by dialing *745*463# on all networks…

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Financial Inclusion: FirstBank’s Firstmonie agents hit 100,000

Firstmonie agents hits 100,000

Financial Inclusion: FirstBank’s Firstmonie agents hit 100,000 If you live in Lagos, Abuja or Port Harcourt, or you reside in any of the other state capitals, you probably take for granted that you actually live in the better of the two worlds that make up Nigeria when it comes to banking. Take Lagos, for example, you would find a bank in almost any corner you turn. You have many streets in business or commercial areas in the city that are lined up by nothing but banks in all their glory…

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