Business News

Forbes Africa Billionaires list: Aliko Dangote remains Africa’s richest person

by Chuks Azotanion February 12, 2020
The President/CEO of Dangote Group, Aliko Dangote is still Africa’s richest person for the ninth time in a row, as disclosed in Forbes Africa’s Billionaires list for 2020.  The recently released list captured only eight African countries with billionaires; Egypt and South Africa have five billionaires each, followed by Nigeria with four and Morocco with two. The Nigerian-born businessman […]

CBN: Nigeria earned N1.17tn from VAT in 2019

by Seun Adeuyion February 11, 2020
Between January and December 2019, the Federal Government generated the sum of N1.17tn from Value Added Tax. When compared to the target of N1.7tn set by the Federal Government in the 2019 budget, the amount represents a shortfall of about N530bn. A breakdown of the N1.17tn VAT revenue, as contained in the Central Bank of […]

Faceless Bitcoin Hacker Steals Almost All Funds from AltsBit Exchange

by Chuks Azotanion February 7, 2020
A cryptocurrency exchange has notified its users that it was attacked by a faceless hacker, resulting in the loss of almost all funds on the platform. The unpopular exchange named AltsBit, said it was attacked overnight, counting some losses due to the gruesome act. Without going into the specifics details regarding some of the digital […]