Opeyemi Quadri 
Barely a year after Dangote Petroleum Refinery commenced operations, its founder Alhaji Aliko Dangote’s net worth has risen from $13.4bn to $23.9bn. This increase in wealth has catapulted him to the 86th wealthiest man in the world. Previously in 2024, the financial media giant Forbes ranked him 114th. Thanks to his 92.3% stake in the … Read more
Oba Joseph Olugbenga Oloyede, Oloyede Latimogun I (born 1962), is the 27th traditional ruler of Ipetumodu, a town in the Ife North Local Government Area of Osun State, Southwest Nigeria. He is also a U.S.-based university lecturer and tax consultant. Life and Education Joseph Oloyede earned his elementary and West African Senior School Certificate Examination … Read more
Chinese AI app DeepSeek’s entry into the artificial intelligence chatbot space has shifted the landscape, giving OpenAI’s ChatGPT a fierce challenge for dominance in innovation and resources. DeepSeek surged into headlines after releasing its latest open-source model, DeepSeek-R1, which topped Apple App Store’s free downloads in both China and the United States on Monday, January … Read more
The political unrest in Niger Republic following the July 26, 2023 coup d’état that ousted President Mohamed Bazoum presented West Africa with a critical test of its collective security framework. When Nigeria’s President Bola Ahmed Tinubu in August 2023, in his role as ECOWAS chair, initially threatened military intervention, it sparked significant debate on the political, … Read more
Cryptocurrency mining, the backbone of blockchain networks, involves solving complex computational problems to validate transactions and add blocks to the blockchain, rewarding miners with digital assets. In the early days of cryptocurrency, solo mining was a viable approach, as the network difficulty was low, and the competition was minimal. Individual miners could use standard computer … Read more
President Bola Tinubu has appointed Nigeria’s former Minister of External Affairs, Prof. Bolaji Akinyemi, as the Board Chairman of the Nigerian Institute of International Affairs (NIIA). The announcement was made on January 24, 2025. Prof. Akinyemi, who served as External Affairs Minister under the military regime of Gen. Ibrahim Babangida from 1985 to 1987, is … Read more
A look at what each of the 36 federation states contributed to the Value Added Tax and what each received from the FG in 2024 shows that some states received more than they contributed in VAT while some got less than their contributions. States like Lagos, Rivers, Oyo, and Bayelsa received less than what they … Read more
Liquid and illiquid assets play distinct roles in financial planning and portfolio management. Knowing their characteristics, advantages, and limitations can help you align your assets with your financial goals. What Are Liquid Assets? Liquid assets are resources that can be quickly converted into cash without significantly affecting their market value. These assets are essential for … Read more
What Are Illiquid Assets? Illiquid assets are financial or physical holdings that cannot be quickly converted into cash without a significant loss in value. These assets typically lack an active market, making it challenging to find buyers or sellers promptly. While illiquid assets often hold significant value, their limited marketability distinguishes them from their liquid … Read more
It is important to understand the variety of assets available for investment when planning your financial future. By exploring different options, you can diversify your portfolio, balance risks, and optimize returns. However, it is also important to know the pros and cons of these investment types, and how to choose the right mix for your … Read more
Investable assets refer to any financial resources that can be allocated to generate returns. Unlike illiquid assets such as real estate or collectibles, these assets are typically liquid or can be easily converted into cash for investment purposes. Examples include: Why They Matter Investable assets are vital for achieving financial goals, whether that’s saving for retirement, … Read more
The 2024 Bloomberg Billionaires Index reveals that out of 500 wealthy people around the world who made the list, 190 American citizens made it onto the global list, translating to 38% of the top 500 billionaires in the world are in the United States. Within ultra-rich elite group, the top 100 billionaires in the U.S. stand … Read more
Generative AI, an advanced form of artificial intelligence capable of creating unique content, designs, and solutions, is reshaping industries at an unprecedented pace, following the emergence of OpenAI’s ChatGPT. The applications of Artificial Intelligence span from content generation to drug discovery, making it a cornerstone of innovation in 2025. Companies like OpenAI, Google DeepMind, and NVIDIA are already … Read more
Elon Musk, the entrepreneur and founder of SpaceX, has achieved a milestone no one else has achieved in history, by reaching $400 billion fortune, according to Bloomberg’s 2024 Fortune List, solidifying his status as the wealthiest person in history. His relentless drive and groundbreaking ventures are behind his latest fortune and making him one of the few Ultra-High-Net-Worth … Read more
Terms like “High Net Worth Individuals (HNWIs)” and “Ultra-High-Net-Worth Individuals (UHNWIs)” are frequently used to differentiate the level of richness and wealth. Both differ in financial capability, investment strategies, and lifestyle choices. For instance, Oprah Winfrey, whose net worth was $3b and Aliko Dangote ($11.6b) as of November 2024, are not in the same category as … Read more