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See Why  Forbes Dropped Folorunso Alakija Out Of 2021 Billionaires List

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See Why  Forbes Dropped Folorunso Alakija Out Of 2021 Billionaires List

See Why  Forbes Dropped Folorunso Alakija Out Of 2021 Billionaires List.

 

Sadly, the richest female Nigerian was not named among the 2021 Forbes list of world billionaires.
See Why  Forbes Dropped Folorunso Alakija Out Of 2021 Billionaires List
In the 2021 Forbes list of world billionaires released, Folorunsho Alakija was excluded.

 

Nigeria now has only three billionaires on the 2021 Forbes list of world billionaires, with the dropping off of Executive Vice Chairman of Famfa Oil Limited, Folorunso Alakija.

This is the second time in a row she is dropping off the list.

Released on Tuesday, the new list has Aliko Dangote, chairman of Dangote Group; Mike Adenuga, chairman of Globacom; and Abulsamad Rabiu, Chairman of BUA group.

In 2019, Alakija made the Forbes list of world billionaires and was ranked 1941 in a list of 2,153 billionaires; with a net worth of $1.1 billion. The oil tycoon dropped off the global billionaires’ list in 2020, although she still emerged as the 20th richest African billionaire in 2020.

Forbes said Alakija’s fortune dropped below $1 billion due to lower oil prices because she is mainly into oil exploration.

See Why  Forbes Dropped Folorunso Alakija Out Of 2021 Billionaires List

Dangote retained the top spot of Africa’s richest person with a net worth of $11.5 billion, making him the 191st wealthiest person in the world.

He owns 85% of publicly-traded Dangote Cement through a holding company and has shares in publicly traded salt and sugar manufacturing companies.

Adenuga, Nigeria’s second richest man, was ranked 440th richest in the world with a net worth of $6.1 billion, up from $5.6bn in 2020.

Rabiu emerged as the 574th richest person in the world with an estimated fortune of $4.9 billion. He also maintains the position of the sixth wealthiest person in Africa.

Despite the worldwide economic impact of the coronavirus outbreak, Forbes said an additional 660 individuals were added to its 2021 billionaires list.

“It’s been a year like no other, and we aren’t talking about the pandemic. There were rapid-fire public offerings, surging cryptocurrencies, and skyrocketing stock prices,” Forbes said.

“The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755, 660 more than a year ago.

“Of those, a record high 493 were new to the list–roughly one every 17 hours, including 210 from China and Hong Kong. Another 250 who’d fallen off in the past came roaring back. A staggering 86% are richer than a year ago.”

Jeff Bezos, CEO of Amazon, remains the world’s richest man for the fourth straight year with an estimated worth of $177 billion, followed by Elon Musk, CEO of Tesla in second place with $151 billion.

Altogether, the 2,755 billionaires on Forbes list are worth $13.1 trillion, up from $8 trillion in 2020.

The United States of America has the highest number of 724 billionaires, followed by China (including Hong Kong and Macao) with 698.

Forbes said it used stock prices and exchange rates from March 5 to calculate net worth.

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Mum Saved My Destiny!’ – Gospel Star Frank Edwards Remembers How His Mother Stopped Him from Signing $320,000 Deal

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Mum Saved My Destiny!' – Gospel Star Frank Edwards Remembers How His Mother Stopped Him from Signing $320,000 Deal

‘Mum Saved My Destiny!’ – Gospel Star Frank Edwards Remembers How His Mother Stopped Him from Signing $320,000 Deal

Renowned gospel singer Frank Edwards has taken to social media to honor his mother on Mother’s Day, sharing a powerful story of how she saved him from what could have been a career-altering mistake. Edwards, now a global gospel sensation, revealed how his mother’s wisdom and spiritual foresight prevented him from signing a $320,000 (now worth N492 million) music contract that would have cost him control over his entire catalogue.

Reflecting on the defining moment in his career, Edwards recalled being offered the lucrative deal by a music group eager to acquire the rights to his work. As a young and ambitious artist, the financial offer was tempting, but his mother saw what he could not. Despite having initially supported his music career by giving him N150,000 to set up his studio, she took drastic steps to ensure he did not sign the contract.

“The very first time in my life years ago, I was to close a $320,000 deal from a group that wanted to almost own my entire catalogue. You said NO! And I quote you: ‘The 150,000 naira I gave you to start that studio is bigger than that money, just give it time. They are not of God,’” Edwards wrote.

In a shocking revelation, the gospel star admitted that his mother went as far as seizing his international passport to stop him from traveling abroad to finalize the agreement.

“In fact, you took my international passport away from me just to ensure I don’t travel to close that deal. I was laughing because I didn’t need to travel to close it, but then I listened to you. After you said that, I was thinking, ‘How is 150,000 Naira bigger than $320,000?’”

Years later, Edwards now fully understands the wisdom behind his mother’s decision, acknowledging that her unwavering faith and guidance set him on the right path.

“Now I understand. There is so much to say! But like I said, this space is not enough! Happy Mother’s Day, mum!!! Thank you for everything. Thank you for an impenetrable wall of fire! Thank you for always telling me the mind of God about the things I’m doing. None of your words fell to the ground because you truly hear from God,” he wrote.

Today, Edwards stands as one of the biggest gospel artists in Africa, with full control over his music and a flourishing career. His testimony serves as a reminder of the power of a mother’s love, wisdom, and divine guidance.

Fans and fellow celebrities have since flooded his post with praises and admiration for his mother’s discernment, emphasizing the importance of spiritual direction in the entertainment industry. Many have also hailed Edwards for honoring his mother’s sacrifices, proving that sometimes, faith and patience lead to far greater rewards than instant gratification.

 

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GRACE EFOBI: FROM CHOIR STAR TO GLOBAL GOSPEL SENSATION! 

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GRACE EFOBI: FROM CHOIR STAR TO GLOBAL GOSPEL SENSATION! 

Nigerian-UK Worship Powerhouse Celebrates 15 Years in Music, Promotes New Hit ‘Jigidem,’ and Gears Up for April 2025 Release!

 

Grace Efobi, the UK-based Nigerian contemporary gospel artist, has continued to soar in the global gospel music scene, marking 15 years of professional music ministry with an unwavering passion for God’s kingdom. Born and raised in Abakaliki, Ebonyi State, Nigeria, her journey began in the church choir, where her voice first captivated hearts. Today, she stands as a seasoned recording artist with 10 powerful tracks to her name.

 ‘JIGIDEM’ TAKES CENTER STAGE! 

Efobi’s latest release, Jigidem, is making waves across digital platforms, blessing listeners with its soul-stirring melodies. Featuring the sensational Rheta Ritche Jacobs, the song is a divine anthem of hope, faith, and strength in God.

 NEW MUSIC ALERT: ‘YOU REIGN’ DROPS APRIL 2025!

As she continues her remarkable journey, Efobi is set to release a brand-new single, ‘YOU REIGN,’ in April 2025. The song is a powerful declaration of God’s supremacy, the resurrection of Christ, and His infinite greatness. With her signature heartfelt delivery and lyrical depth, You Reign promises to be a worship anthem for generations.

A WOMAN OF IMPACT

Beyond the music, Grace Efobi is a devoted wife, mother, and proud grandmother, balancing her family life with an unshakable commitment to spreading the gospel through music. Her unwavering faith and dedication continue to inspire many across the globe.

💬 Stay connected with Grace Efobi:
📌 Instagram: @graceefobi
📌 Facebook: @graceefobi
📌 TikTok: @graceefobi
📌 YouTube: @gefobi7@googlemail.com

With her voice as a vessel of worship, Grace Efobi’s legacy in gospel music is only getting stronger! 

#GraceEfobi #Jigidem #YouReign #GospelMusic #WorshipAnthem #KingdomSound

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‘I Cry Because of the Burdens People Carry’ – Pastor Jerry Eze Opens Up on Emotional Prayer Sessions

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‘I Cry Because of the Burdens People Carry’ – Pastor Jerry Eze Opens Up on Emotional Prayer Sessions

‘I Cry Because of the Burdens People Carry’ – Pastor Jerry Eze Opens Up on Emotional Prayer Sessions

Renowned Nigerian televangelist and founder of Streams of Joy International, Pastor Jerry Eze, has revealed the deep emotional weight behind his tearful prayer sessions, sparking conversations among his followers.

Speaking during an interview to mark the fifth anniversary of his popular online prayer platform, NSPPD (New Season Prophetic Prayers and Declarations), Pastor Eze explained that his tears are not mere theatrics but a reflection of his overwhelming compassion for the countless people who seek divine intervention.

“The Bible says we do not have a high priest who cannot be touched with the feelings of our infirmities,” he stated. “I have always known myself to be a very compassionate person, and coming into ministry, I realized that compassion is an inevitable tool for the miraculous.”

According to him, his inbox is flooded daily with heartbreaking messages from people facing unimaginable hardships, making it impossible for him to remain indifferent. He recounted a particularly devastating story: “How do you make this kind of prayer? You see a woman who lost her husband, tried to remarry, lost the second one, and after everything, tried to marry a third time only to lose him too. How do you not feel that?”

Pastor Jerry Eze’s tearful prayers have become a signature aspect of his ministry, drawing millions to his online services. His explanation has further solidified his reputation as a pastor deeply moved by the struggles of his congregation, with many testifying to miraculous turnarounds after his intercessions.

While some critics have questioned his emotional displays, his followers see them as a sign of genuine empathy and spiritual burden. As NSPPD continues to grow globally, Pastor Eze remains committed to his calling, declaring, “What God cannot do does not exist!”

 

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