Forbes, an American business magazine, has ranked Nigeria as the 110th best country in the world for business.The magazine said it compiled the list by rating 161 countries on 15 factors: property rights, innovation, taxes, technology, corruption, infrastructure, market size, political risk, quality of life, workforce, freedom (personal, trade and monetary), red tape and investor protection.The United Kingdom, Sweden, Hong [...]
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Forbes has ranked Nigeria 3rd best in Africa in terms of "investor protection".Rwanda and South Africa were rated above Nigeria on the African continent. A total of 153 countries were surveyed.The American business magazine made this known in its Index of Best Countries for Business Report released on Friday.The report said in the period under review, Nigeria experienced positive economic growth driven [...]
Aliko Dangote, president of Dangote Group, has been ranked by Forbes as the 66th most powerful person on earth, ahead of Mike Pence, US Vice-President.In the American business magazine's 75-person list, Dangote clinched the second position in Africa, trailing President Abdel Fattah el-Sisi of Egypt, who was ranked 45th.Both men are the only Africans on the list. Dangote is up [...]
Ben Murray-Bruce, senator representing Bayelsa-east, says he first met Aliko Dangote, billionaire businessman in 1981 when he was the richest man in Apapa, Lagos.In a tweet on Thursday, the lawmaker said in less than three decades, the president of Dangote Group grew from being the richest man in Apapa to becoming Africa’s richest man.Challenging the younger people, Bruce said despite the [...]
Daytime talk show host Phil McGraw better known as Dr. Phil is the highest paid TV host in 2017, according to Forbes. [...]
Manchester United returned to the top of Forbes' most valuable football teams for the first time in five years with an estimated net worth of £2.86bn.In spite of the Red Devil's failure to finish in the top four, the club is still ranked above Champions League and La Liga winner Real Madrid as well as Barcelona.United generated £593million during the 2015/16 [...]
Aliko Dangote, president of Dangote Group and Africa's richest man, has been rated by Forbes Magazine as more powerful than Mike Pence, the vice president-elect of the world's most powerful nation, the US.On its 74-person list of the most powerful people in a world of 7.4 billion people, Forbes rated President Vladimir Putin of Russia as the most powerful person alive.Putin [...]
Femi Otedola, Nigerian businessman, is no longer a billionaire following a huge decline in the stock price of Forte Oil, according to Forbes.According to Forbes, Otedola's net worth, previously $1.8 billion, has plunged to $550 million.Forte Oil, a petroleum distribution and marketing company, is listed on the Nigerian Stock Exchange (NSE).When Forbes published its annual ranking of the world's richest [...]
Rapper Aubrey Drake Graham became the newest member of The Forbes five club of hip-hop's wealthiest artist on Monday with a net worth of $60 million.The annual list had regularly included rap artistes Bryan Birdman Williams, Andre Dr. Dre Young, Shawn Jay Z Carter, Curtis 50 Cent Jackson and Sean Diddy Combs.Due to the mismanagement of funds which resulted in [...]
The University of Cumbria has selected Funmi Iyanda, a Nigerian media guru, for a honorary fellowship.According to the university, Iyanda, who is the first African woman to receive the award, is being recognised based on her "significant global contribution to human rights and sustainability".The award will be presented to her on Wednesday at a graduation ceremony in the historic Carlisle Cathedral in [...]
Aliko Dangote, president of Dangote group, has been rated to be more powerful than American billionaire and Republican Party presidential front runner, Donald Trump.The American business magazine, Forbes, rated Dangote as the 71st most powerful person on earth, while Trump came in on the list at the 72 spot.Also behind Dangote, is Margaret Chan, the director-general of the World Health [...]
Undisputed boxing Champion, Floyd Mayweather has lost one Bentley, one custom jeep and two Rolls Royce to fire.According to TMZ Sports, the fire accident occurred as the vehicles were being moved from Vegas to Miami in the United States.“We’re told the truck was transporting Floyd's rides from Vegas to Miami when something went wrong just outside of Phoenix, Arizona on [...]
Forbes magazine released its highly anticipated list of highest earning personalities in the entertainment business on Monday - with undefeated boxing champion Floyd Mayweather coming tops at $300million.Forbes had hinted at a shift in power from last year’s list which had Beyonce at number one with the announcement of the highest paid couple in Taylor Swift and Calvin Harris last week.The two [...]
According to a Forbes ranking of top 100 celebrity earners, American pop queen Taylor Swift and her new Scottish DJ boyfriend Calvin Harris are now the highest-earning celebrity couple in the world.The pair, who are starting a fresh relationship - as far as the public is concerned - climbed over the former reigning top couple Beyoncé and rapper husband Jay [...]
Dangote Group, a conglomerate reputed as the single largest private sector employer of labour in Nigeria, is set to build the single largest refinery in the World.Owned by Aliko Dangote, Forbes-acclaimed richest man in Africa, the group says plans are already afoot to transform Nigeria into a self sufficient country."After receiving a private licence to build a refinery, Dangote has [...]
Aliko Dangote, Africa’s richest man and the president of Dangote group, has urged Nigerians not to be deterred by the economic challenges of the moment, but to help the country in building its economy.Dangote, who described Nigeria as an enviable country in terms of resources, said the present economic challenge is just a phase in Nigeria’s journey to greatness.“I have always [...]
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