By Tunde Opalana The federal government has taken proactive steps to reposition the Cooperative Societies as a tool for community wealth creation through the implementation of the Renewed Hope Cooperative Reform and Revamp Programme (RH-CRRP). The Minister of State for Agriculture and Food Security, Dr Aliyu Sabi Abdullahi stated this during the Commemoration of the […]
BY MOTOLANI OSENI Billionaire Aliko Dangote’s wealth grew by 100 per cent to $23.9 billion, ranking as the wealthiest person in Africa and 86th in the world. It would be recalled that Forbes ranked Aliko Dangote as the 144th richest person in the world in 2024 with $13.4 billion. Forbes estimates Dangote’s net worth at […]
Mr Micheal Aina, the Chief Executive Officer, Best Leather Company, Sango, Ilorin has advised Nigerians to invest in the country instead of running abroad to invest their wealth. Aina gave the advice in Ilorin on Thursday during an interview with the News Agency of Nigeria (NAN), saying Nigerians wealth should not be sent abroad. READ ALSO: […]
Abuja – Some entrepreneurs on Saturday in Abuja advised the youth against what they called, “Make it Quick” syndrome. They gave the advise at the second edition of a seminar organised by Hidden Wealth Academy, an organisation with the vision of helping youths to create sustainable wealth in businesses. While acknowledging the need for youths […]
Human rights lawyer Femi Falana SAN has said that “Western countries are more corrupt than African countries”, adding “There has been a massive and accelerated transfer of much of the wealth from the developing world into developed economies around the world, much of which was looted from various Treasuries across Africa and in the rest […]
National wealth from Equatorial Guinea has been in the news lately, with the conviction in France (on 26 October 2017) of Teodorin Obiang, the Vice-President and eldest son of the incumbent President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, for corruption, money laundering and abuse of trust involving more than €150 million (US$174 million) belonging […]
It’s time to call the housing crisis what it really is: the largest transfer of wealth in living memory – A US scenario of a rentiering economy. One of the basic claims of capitalism is that people are rewarded in line with their effort and productivity. Another is that the economy is not a zero […]
I n Wealth of Nations, the 18th Century economic classic, Adam Smith (1723-1790) postulated that “by selling product[s] that people want to buy, [entrepreneurs] make money. While they are engaging in their enterprises…they are also providing [services]. Such a system creates wealth not just for the [entrepreneurs], but for the nation as [a] whole when […]