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Singapore’s Top 6 Under-50 Billionaires Amass Nearly $20 Billion
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Out of Singapore’s 49 billionaires, only six are below 50 years old; however, these individuals cumulatively possess $19.8 billion in wealth, as per Forbes’ 2025 rankings. Kishin RK, 41 Kishin RK, the founder and CEO of property developer RB Capital. The photo is provided courtesy of the World Economic Forum. Kishin RK, the lone…
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Gates Foundation Pledges $200 Billion Investment Until Shutdown in 2045
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The Gates Foundation announced on Thursday its plan to invest over $200 billion in the coming two decades. This move aims to intensify their focus on public health initiatives and conclude operations by 2045. The new timetable means a change to the organization’s charter, which planned for the foundation to sunset 20 years after…
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Govt Unlikely to Meet Petroleum Levy Collection Target of $128.1B in International Edition
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It is unlikely that the federal government will achieve the Petroleum Levy collection target of Rs1281 billion set for the ongoing fiscal year, despite a steep increase of 30 percent in Petroleum Levy on petrol and high speed diesel during the past less than two months. During the initial nine-month period (from July to…
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SEC Cracks Down on Ponzi Schemes: Tightens the Heat in Abuja Market
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The Securities and Exchange Commission has intensified its battle against Ponzi schemes in Nigeria, pledging to firmly act against unlawful financial operators and educate the public to stop further victimization. During an awareness event conducted at the Dei-Dei Building Materials Market in Abuja, the SEC highlighted their dedication to ensuring widespread dissemination of knowledge…
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Dollar Climbs Against Dong in International Markets
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On Friday morning, the U.S. dollar saw a slight increase against the Vietnamese dong and key currencies. At Vietcombank, the U.S. dollar was sold for VND26,160, marking an increase of 0.04% compared to Thursday’s rate. On the unofficial market, the dollar dropped by 0.13%, trading at VND26,475. The State Bank of Vietnam increased its…
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CBN Rakes in N598.3B via Treasury Bill Auction: International Edition
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The Central Bank of Nigeria (CBN) has allocated N598.33 billion worth of Nigerian Treasury Bills through three varying maturity periods, with the 365-day bill leading the auction, representing 80% of the overall sales and subscriptions. A total of ₦482.62 billion was sold for the 365-day tenure, indicating significant investor interest in the long-term instrument.…
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Senate Approves Final Two Pieces of Tax Reform Legislation
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ABUJA – On Thursday, the Senate, during a full session, approved the remaining two out of four Tax Reform Bills, after passing the first two on May 7. Remember, the two bills that have been approved are the Joint Revenue Board Establishment Bill 2025 and the Nigerian Tax Bill 2025. The passage ensued after…
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Revenue Reset: GRA Boosts Efforts to Enhance Tax Collection and Compliance
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The Ghana Revenue Authority (GRA) is intensifying its initiatives to improve tax collection and boost adherence to regulations, which supports the government’s larger plan to revitalize the country’s economy. Following this, Acting Commissioner-General Anthony Kwasi Sarpong has presented a detailed plan aimed at expanding the tax base, targeting a substantial revenue collection of GH¢200…
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Gates Foundation Unveils $200B Pledge by 2045: A Landmark 25th Anniversary Commitment With a Sunset Clause
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To commemorate its 25th year, the Bill & Melinda Gates Foundation has declared a historic pledge to allocate $200 billion over the coming two decades, with plans to extend operations until 2045. This landmark promise, which stands as the biggest charitable contribution in contemporary times, was disclosed through an announcement made by Foundation Chairman…
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IMF Addresses Nigeria’s COVID-19 Loan repayment and Unpaid Balances
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The American billionaire stated that his Gates Foundation will cease operations following the distribution of his fortune. On Thursday, the International Monetary Fund (IMF) announced that Nigeria has completely settled its $3.4 billion loan, which was borrowed in April 2020. The funds were released through the Rapid Financing Instrument, aimed at assisting with the…