Business
10 Most Richest People in the world.

1. Elon Musk – $201 billion (as of October 2021) – Source of Wealth: Tesla, SpaceX, and other ventures
Elon Musk is a South African-born American entrepreneur and businessman who is best known as the founder, CEO, and lead designer of SpaceX and Tesla. In addition to these ventures, Musk has also founded companies such as PayPal and Neuralink, which have been instrumental in advancing technology in various fields.
2. Jeff Bezos – $191 billion (as of October 2021) – Source of Wealth: Amazon
Jeff Bezos is an American entrepreneur and businessman who is the founder and CEO of Amazon, the world’s largest online retailer. Bezos has also invested in other ventures, including Blue Origin, a space exploration company.
3. Bernard Arnault – $155 billion (as of October 2021) – Source of Wealth: LVMH
Bernard Arnault is a French businessman and the CEO of LVMH, a multinational luxury goods conglomerate. LVMH owns some of the world’s most iconic fashion brands, including Louis Vuitton, Dior, and Fendi.
4. Bill Gates – $135 billion (as of October 2021) – Source of Wealth: Microsoft
Bill Gates is an American entrepreneur, software developer, and philanthropist who co-founded Microsoft, one of the world’s largest software companies. Gates has also become a prominent philanthropist, donating billions of dollars through the Bill and Melinda Gates Foundation to support education, healthcare, and poverty alleviation.
5. Mark Zuckerberg – $124 billion (as of October 2021) – Source of Wealth: Facebook
Mark Zuckerberg is an American entrepreneur and the co-founder and CEO of Facebook, the world’s largest social media platform. Zuckerberg has also invested in other ventures, including the Chan Zuckerberg Initiative, a philanthropic organization that focuses on education and healthcare.
6. Larry Ellison – $100 billion (as of October 2021) – Source of Wealth: Oracle
Larry Ellison is an American entrepreneur and businessman who co-founded Oracle Corporation, a multinational computer technology corporation that specializes in developing and marketing software and hardware systems.
7. Larry Page – $97 billion (as of October 2021) – Source of Wealth: Google
Larry Page is an American entrepreneur and computer scientist who co-founded Google, the world’s largest search engine. Page has also invested in other ventures, including flying car company Kitty Hawk and autonomous vehicle company Waymo.
8. Sergey Brin – $95 billion (as of October 2021) – Source of Wealth: Google
Sergey Brin is a Russian-American entrepreneur and computer scientist who co-founded Google with Larry Page. In addition to Google, Brin has invested in other ventures, including biotech company 23andMe.
9. Steve Ballmer – $91.5 billion (as of October 2021) – Source of Wealth: Microsoft
Steve Ballmer is an American businessman and the former CEO of Microsoft. Ballmer is also the owner of the Los Angeles Clippers, a professional basketball team in the NBA.
10. Warren Buffett – $90 billion (as of October 2021) – Source of Wealth: Berkshire Hathaway
Warren Buffett is an American investor, business magnate, and philanthropist who is the CEO of Berkshire Hathaway, a multinational conglomerate holding company. Buffett is widely regarded as one of the most successful investors of all time.
Business
Gov Uba Sani appoints Ben Kure as MD of KSMC

Governor of Kaduna State, Senator Uba Sani, has appointed Ben Solomon Dalhatu Kure as the Managing Director of Kaduna State Media Corporation (KSMC).
Ibraheem Musa, Chief Press Secretary to the Governor, disclosed this in a statement at the weekend.
Kure replaced Ahmed Maiyaki, who has just been appointed the Commissioner for Information.
He is expected to build on Mr. Ahmed Maiyaki’s leadership, which has repositioned the media corporation.
Before this appointment, Kure served as the Chairman of Jaba Local Government from 2016 to 2017, Executive Secretary of the Kaduna State Emergency Management Agency from 2018 to 2019, and Special Adviser (Political Matters) to the Kaduna State Governor from 2019 to 2021.
Business
Nationwide fuel distribution: Dangote Refinery takes Delivery of CNG trucks

Dangote Refinery has announced the delivery of its first shipment of compressed natural gas trucks to facilitate its nationwide premium motor spirit and automotive gas oil supply from August 15, 2025.
The 650,000-barrel-per-day refinery disclosed this in a statement by its spokesperson, Anthony Chijiena, on Sunday.
According to him, the refinery, the N720 billion worth investment scheme, is aimed at transforming Nigeria’s fuel distribution landscape by reducing logistics costs and enhancing supply efficiency for customers.
“The fleet of fuel tankers, being imported through Apapa Port, represents a significant capital investment estimated at N720 billion.
“The first consignment of trucks recently departed Apapa Port and was formally received at the refinery site in Ibeju-Lekki by the Vice-President of Oil and Gas at Dangote Industries Ltd., Devakumar Edwin,” the statement reads.
Recall that Dangote Refinery had announced that the fuel distribution scheme would cause a major shakeup in the country’s oil and gas downstream sector.
However, petroleum product retail outlet owners and the Natural Gas Suppliers Association of Nigeria have, in different forums, kicked against the scheme, saying it would result in massive job losses.
Business
Naira returns to appreciation against dollar as Nigeria’s external reserves swell

The naira bounced back to appreciate against the dollar at the official foreign exchange market on Thursday as Nigeria’s external reserves continued to rise.
The Central Bank of Nigeria’s data showed that the Naira gained slightly at N1,533.73 against the dollar on Thursday from N1,534.44 traded on Wednesday.
This means that Nigeria’s currency marginally strengthened by N0.70 against the dollar on a day-to-day basis.
Meanwhile at the black market, the Naira remained flat at N1,565 on Thursday, the same exchange rate recorded the previous day.
The development follows the continued rise in the country’s external reserves, which stood at $39.99 billion as of 6th August 2025, up from $39.81 billion on the 4th of this month, CBN data showed.
Ekwutosblog reports that in the past four days, the Naira has recorded mixed sentiments of depreciation and appreciation against other currencies.
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