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  NCC has instructed telecommunications operators to block the SIM cards in 2 weeks. The Nigerian Communications Commission (NCC) has instructed telecommunications operators like MTN, Airtel, Glo, 9Mobile and others to block all SIM cards that are not registered with the National Identity Numbers in two weeks. This was disclosed by the Personal Assistant to President Muhammadu Buhari on New Media, Bashir Ahmad via his Twitter handle on Tuesday. He tweeted, “The Nigerian Communications Commission (NCC) has given telecommunications operators (MTN, Glo, Airtel, 9Mobile and others) in the country two weeks to block all SIM cards that are not registered with the National Identity Numbers (NIN), the Commission has said in a statement.” The Nigerian Communications Commission (NCC) has given telecommunications operators (MTN, Glo, Airtel, 9Mobile and others) in the country two weeks to block all SIM cards that are not registered with the National Identity Numbers (NIN), the Commission has sai

 Jeff Bezos, the CEO and founder of the most valuable retail company on the planet keeps about $9.53 billion of his assets in cash. The usual narrative that explains the wealthy hardly keep most of their funds in the bank has just been affirmed by the world’s richest man. Jeff Bezos, the CEO and founder of the most valuable retail company on the planet and believed to be worth $183 billion,  keeps  about $9.53 billion in cash (5% of his net wealth). The American tech entrepreneur’s wealth is coming from strong gains from his online retail company now worth over $1.5 trillion. Amazon is the world’s largest retail cyber company in terms of market value, taking to account that in the past 365 days he has gained $68 billion (much bigger than the Nigerian Stock Exchange valuation of $46 billion) What this means:  Most rich individuals including, successful Tech entrepreneurs, fashion icons, and leading hedge fund managers would rather invest most of their funds in assets like stocks, real e

 The 36-year-old entrepreneur believed to be worth $104 billion, keeps just $2.3 billion in cash (about 4.4 % of his net wealth). Mark Zuckerberg has reiterated the usual narrative that explains why the rich hardly keep most of their funds in the bank. The 36-year-old CEO and founder of the biggest social media company, Facebook, believed to be worth $104 billion, keeps just $2.3 billion in cash (4.4% of his net wealth). His present wealth valuation is estimated to be above the worth of 2 billion barrels of crude oil or 56 million troy ounces of gold. Mark Zuckerberg, remains the youngest person ever to be worth over $100billion. What this means Most wealthy people, including successful tech entrepreneurs, fashion icons, and leading hedge fund managers, would rather invest most of their funds on financial assets like stocks, real estate, fixed-income instruments, and lately cryptos than holding a significant amount of cash at the bank, because many banks offer unimpressive interest rat

 Aliko Dangote’s wealth valuation is now put at $15.9 billion as his fortune showed significant gains of $1.09 billion in the last 365 days. What you should know: The 63-year-old, Nigerian born entrepreneur is the controlling owner of Dangote Industries, which has Africa’s biggest cement company. His present valuation is said to be worth more than 8.75 million troy ounces of gold, or 316 million barrels of crude oil. The Dangote conglomerate is a leading Nigeria-based company that owns popularly known cement company, Dangote Cement, which reportedly had revenue of 2.5 billion in 2019. It also has strong interests in, fertilizer, sugar, salt, oil, and packaged food. Dangote is presently building Nigeria’s biggest ever industrial project, which would boast of a distillation column for separating Brent crude into various hydrocarbon chains at different temperatures. The 650,000 barrel-per-day refinery is just part of a $15 billion petrochemical complex that will include a gas processor an

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