Browsing Tag

Bloomberg

Forbes Disputes Kanye West’s $6.6 Billion Net Worth

Faith Mar 19, 2021 0

Forbes has published an article claiming that recent reports that Kanye West is worth nearly $7 billion are based on sales that don’t exist yet.The publication presented its own calculations, stating that West is only worth around $1.8…

Ticker

After 50% Plunge, This Nigeria Gas Producer Has Analysts Saying Buy

Oladipupo Ehindero Jun 3, 2020 0

Shares in Seplat Petroleum Development Co. may have slumped more than 50% in London this year, but analysts are maintaining their positive view on the Nigerian oil and gas producer: it has 10 buy recommendations, two holds and no sell…

Features

2020 US Elections: Sen Elizabeth Warren Slams Billionaire Bloomberg, Says He Calls Women…

John Ogunsemore Feb 20, 2020 0

Sen. Elizabeth Warren got it on with opponent and billionaire businessman, Michael Bloomberg at the second 2020 Democratic presidential primary on Wednesday night in Las Vegas.The Massachusetts senator described the former New York City…

Survey

Nigerians spend N4.3 Trillion on Generators As Buhari’s Economic Reform Efforts Fail –…

Oritsetsemaye Akapa Esq Sep 23, 2019 0

Power shortage has hindered Buhari’s $400 billion economic reform, as households spend N4.3 Trillion on generators, international media publication, Bloomberg has reported.Nigeria, one of Africa’s leading economies, is known to have…

News

Bloomberg exposes T. Y. Danjuma’s net worth, says ex-defence minister has over 30 properties

Samuel Oduoye Jun 26, 2019 0

United States-based media firm, Bloomberg, has revealed that a former Minister of Defence, Lt. Gen Theophilus Danjuma (retd.), is worth an estimated $1.2bn (N432bn).Danjuma, who was among prominent Nigerians exposed in Panama Papers in…

Crime

Oil thieves take over Niger Delta, steal 100, 000 barrels each day – Report

Samuel Oduoye Jun 6, 2019 0

A new report by New York-based magazine, Bloomberg has revealed the rising cases of oil theft in Nigeria, and the effects on the government's finances and the private sector.According to the report, millions of barrels of crude oil have…

Government

Nigeria risks ‘Tsunami of Poverty’ with continued ban on importation – Bloomberg

Samuel Oduoye May 16, 2019 0

United States-based media company, Bloomberg has warned that the poverty level in Nigeria is bound to multiply if it refuses to drop import barriers and join Africa’s free-trade zone.In a piece written by Noah Smith, an assistant…

Metro

Buharinomics: Nigeria now has more poor people than India and China combined – Bloomberg

Ademola Ademiluyi Apr 8, 2019 0

In a new editorial published on Sunday, Bloomberg, a NewYork-based news firm, stated that Nigeria currently houses more poor individuals than two former poorest nations in the world.Although the report explained that fast growth in the…

Business

Experts predict Naira will depreciate to N401\$ in the second half of 2019

Samuel Oduoye Jan 21, 2019 0

Lagos based investment firm, Afrinvest, has projected that the naira will depreciate to N401 per dollar in the second half of 2019 (H2’19).The firm also projected that Nigeria’s Gross Domestic Product, GDP, will grow by 2.5 percent …

News

Nigerians Ranked 8th Most Hardworking Foreigners In US

Leo Aug 23, 2018 0

Global business magazine, Bloomberg has ranked Nigerians working in the United States as the eighth most hardworking foreigners in the country.In a 2018 report released yesterday, Nigerians scored 71.0 percent in the list of the hardest…

Metro

Jeff Bezos Edges out Bill Gates – Becomes Richest Man in Modern History

Tony Abu Momoh Jul 17, 2018 0

Jeff Bezos the owner of Amazon.com has become the richest man in modern history according to the Bloomberg Billionaires Index.The net worth of the Amazon.com Inc. founder rose a little above $150 billion in New York on Monday; about $55…

Metro

Warren Buffet Deposed as Mark Zuckerberg Becomes World’s Third Richest

Tony Abu Momoh Jul 9, 2018 0

Move over Buffet! Zuckerberg is here!!.... Facebook Inc. co-founder Mark Zuckerberg has officially overtaken Warren Buffett as the world’s third-richest person, placing technology on a pedestal as the most robust creator of wealth.…

Business

Digital Abokis: How Nigerians Beat Bitcoin Scams by Tim McDonnell

Tim McDonnell Jan 24, 2018 0

Depending on your feelings about Bitcoin, it may seem appropriate that Nigeria’s love for the cryptocurrency began with a scam. Mavrodi Mondial Moneybox (MMM), a 30-year-long global Ponzi scheme that began in Russia, roped in millions of…

Business

Aliko Dangote on the Nasdaq Tower in Times Square, New York

Femi Famutimi Dec 7, 2017 0

Aliko Dangote is the only African on the Bloomberg 50 list of this year's most influential people.A photo of Aliko Dangote was displayed on Wednesday on the Nasdaq Tower in Times Square, New York after Aliko Dangote was selected as the…

World

Bloomberg gives $50 million to aid shift from coal worldwide

News Agency of Nigeria Nov 9, 2017 0

Former New York mayor and billionaire Michael Bloomberg is donating 50 million dollars to help nations around the world shift from coal to combat pollution and climate change, expanding his funding outside the United States.The project…

Business

Amaechi’s Ministry Begins Spending $41 billion on Rail Network

The Herald NG Aug 16, 2017 0

The Federal Government has earmarked $41 billion (N15 trillion) for expanding the rail networks across the country, linking more cities and taking pressure of federal roads. The initiative is also expected to boost economic growth.…

Business

Banks Increase Dollar Spending Limits On Naira Cards

Tosin Jul 18, 2017 1

Improved foreign exchange supply for Nigerian banks are the major reason for the increased dollar spending limits for payment cards that are denominated in local currency, Bloomberg reports.The country's biggest bank by market value,…

Opinion

Nigeria’s Horrors and Hopes

Paul Wallace and Chris Kay Jul 7, 2017 1

It’s easy to write off Nigeria as a place destined to squander the potential of Africa's largest population and oil reserves. Under successive governments, corruption has flourished, poverty has increased and religious rivalries have…

Government

6 Reasons Behind Nigeria’s Succession Jitters – Bloomberg

Owolabi Oluwasegun Jul 7, 2017 0

Nigeria is awash in nervous speculation over the health of President Muhammadu Buhari, who hasn’t appeared in public since he returned to the U.K. for medical treatment for an undisclosed ailment on May 7. Buhari, 74 and a Muslim, has…

Business

Foreign Investors Opt Out Of Nigeria’s Naira Bonds – Bloomberg

Owolabi Oluwasegun Apr 2, 2017

Foreign investors are avoiding Nigeria's Naira denominated fixed income investment instrument, and opting for the Dollar denominated Eurobond instead. The country floated a $500 million Eurobond last Wednesday which was oversubscribed to…

Business

Bloomberg Report Rates Naira Among Four Worst Global Currencies In 2016

Business Editor Dec 30, 2016

..... as NSE emerges worst performer in 2016The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP.The naira was said to have lost 36.68 per cent of its spot returns for the…

Government

Recession: How Dangote Lost 32% Of His Wealth in 2016 – Bloomberg Report

Jide Dec 29, 2016

The Blomberg Billionaires’ Index released on Wednesday has shown that Africa’s richest man, Aliko Dangote lost 32 per cent of his wealth in 2016 as the combined effect of falling oil prices and the June devaluation of the naira pushed him…

Government

President Buhari Woos Investors With His Article For Bloomberg

Ridwan Sep 22, 2016 0

Since assumption of office, it has been the ritual of President Muhammadu Buhari to pen in most times an op-ed for the major National Dailies of the western countries he visits.During his visit to the United State of America to attend…

Business

NSE and Bloomberg set to hold 2nd CEO Roundtable

Femi Famutimi Aug 22, 2016 0

The Nigerian Stock Exchange (NSE) in collaboration with Bloomberg is set to host the 2nd NSE Bloomberg CEO Roundtable Event on Wednesday, 31st August 2016 at the Stock Exchange House, Marina, Lagos.The CEO Roundtable themed “Navigating…

Business

Skye Bank shares surge 9% on positive news

Femi Famutimi Jul 20, 2016 0

Skye Bank of Nigeria received a huge boost when they surged to the top of the Nigerian Stock Exchange All-Share Index with trading in almost 58 million shares.Stocks closed up 9.1 percent to 72 kobo in Lagos which was their highest in…

Agriculture

The Pest That’s Infecting Tomato Crops – Bloomberg Special Report

Bloomberg Jun 10, 2016 0

Yusuf Ibrahim, a tomato farmer in Kano, Nigeria, has lost almost 90 percent of his crop this year to Tuta absoluta. That prices for the fruit are 15 times higher than before the outbreak of the pest is little consolation; he can’t afford to…

Government

Bloomberg Makes Shocking Revelation About Buhari’s One Year In Office

Owolabi Oluwasegun May 31, 2016 0

Muhammadu Buhari took office as Nigeria’s president a year ago on a wave of optimism that the ex-military ruler could revive a nation battered by falling oil prices and decades of corruption.Now, Africa’s biggest economy is on its…