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#Business news

Dangote’s wealth increases by 748billion naira in three weeks, now richer than over 11 African countries combined

Dangote Cement has so far yielded 11 per cent since the turn of the year, firming up its reputation as Nigeria’s biggest company by market value at a market capitalisation of N4.9 trillion as of Friday.

Aliko Dangote recorded a surge of 1.3billion dollars (748billion naira) in his fortune in the last three weeks, in a period that was a blessing to investment for shareholders of his cement firm, Dangote Cement Plc.

This new dispensation for the Africa richest man made him richer than 11 African countries combined, the table below shows the Africa countries and their GDP according to Wikipedia

The 11 African countries with the lowest GDP combined, are not as wealthy as the Africa Richest man Dangote. At $20.4 billion according to Bloomberg’s Billionaires Index on Friday
Dangote owes the latest rise in its fortune to the execution of the second tranche of the share buyback of his cement firm this week, which investors are betting will lift the valuation of the company further.

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#Business #Entertainment

Only the rich can take singer Tiwa Savage out of Lagos – Cubana Chiefpriest

Popular socialite and celebrity barman, Cubana Chiefpriest has taken to social media to reveal that Tiwa Savage is the most expensive female artist.

The businessman shared a photo he took with the singer at his club opening in Asaba, Delta state and noted that only the rich can pull that stunt.

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#Business news

Black Market Dollar To Naira Exchange Rate Today 24 December 2021

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Friday December 24th, for $1 dollar to naira = ₦413.54$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.54/$1 on Friday 24th, after it closed at ₦414.73 to a $1 on Thursday, 23rd December 2021.

How much is exchange rate of Dollar to Naira in Black Market today?

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#Business National news

FG introduces digital tokens to replace NIN slip – report

The Federal Government says it has introduced digital tokens to replace the National Identity Number (NIN) slip. The Minister of Communications and Digital Economy, Isa Pantami, said this at a workshop on the NIN Tokenization Solution organised by the National Identity Management Commission (NIMC) in Abuja.

He said the government adopted the solution to ensure the privacy of users’ personal information and to reduce incidences of illegal retrieval, usage, transfer, and storage of NIN.
The minister who was represented by the Director-General of NIMC, Aliyu Abubakar, said the implementation of the tokens begins on January 1.

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#Business news

Bye-bye to unemployment: Man builds ‘wheelbarrow’ that can serve as 4 shops at same time (video)

A Nigerian man, Olorunishola Aje, has changed the face of running a mobile business with his innovation. He built a cart that can run five businesses. In his interview with the BBC, the man revealed that four out of the businesses can run at the same time, without one disturbing the other.

When the cart is parked, the user can make fruit juice and sell, operate agency banking, barbing salon and also charge customers’ phones for pay. There is an umbrella that serves as a roof to provide shade from the elements. A solar panel by the side of the cart gives electricity.

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#Business news

Black Market Dollar To Naira Exchange Rate For Thursday 16th December 2021

How much is dollar to naira exchange rate today?

According to the data at the FMDQ Security exchange where dollar is traded officially, exchange rate between the naira and the US dollar opened at N414.13/$1 on Thursday 16th, after it closed at N414.25 to a $1 on Wednesday, 15th December 2021.

How much is exchange rate of dollar to naira in black market?

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#Business news

Twitter founder Jack Dorsey appoints three Nigerians to head Bitcoin Trust Fund

Jack Dorsey — the founder of Twitter has appointed three Nigerians to serve as the board of his Bitcoin Trust (BTrust) fund which will be disbursed for development in Africa and India.

The three Nigerians are Obi Nwosu, Ojoma Ochai and Abubakar Nur Khalil.

Dorsey had announced Bitcoin trust in the early part of the year. According to him, I will be collaborating with Jay-Z on this project.

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#Business news

Twitter founder, Jack Dorsey appoints three Nigerians to head Bitcoin Trust Fund

Jack Dorsey — the founder of Twitter has appointed three Nigerians to serve as the board of his Bitcoin Trust (BTrust) fund which will be disbursed for development in Africa and India.

The three Nigerians are Obi Nwosu, Ojoma Ochai and Abubakar Nur Khalil.

Dorsey had announced Bitcoin trust in the early part of the year. According to him, I will be collaborating with Jay-Z on this project.

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#Business INTERNATIONAL news

Senator Elizabeth Warren responds to Elon Musk’s Tax Dig

Sen. Elizabeth Warren’s response to Elon Musk is pretty simple — amounting to the same thing she’s been saying all along … that the guy’s gotta pony up.
We got SEW on Capitol Hill and asked if she thought the Tesla chief would start paying his fair share in taxes after the scolding she gave him online over what she perceives as him taking advantage of loopholes … and avoiding the IRS as a result.

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#Business INTERNATIONAL news

Elon Musk: Paris taxi firm bans use of Tesla cars after fatal accident

Tesla is led by Elon Musk, who was named Time magazine’s Person of the Year for 2021 earlier this week.
Drivers are expected to maintain control over the vehicles while using the technology, however.

A leading Paris taxi company has suspended its use of Tesla Model 3 cars following a deadly accident involving one of the vehicles over the weekend.
In a statement, Taxi firm G7 said it would be suspending the use of 37 Tesla Model 3 cars in its fleet until a police probe into the Saturday incident was complete.

Initial findings have suggested that the accident was not caused by technical issues, G7’s leadership and France’s transport minister have said.
In a statement released through its public relations representation Rumeur Publique, G7 said it was “amazed to learn of the terrible accident that occurred on Saturday evening in Paris which involved a taxi driver.”
The company said the taxi driver was not on duty at the time of the accident and had been traveling privately with his family.