Quest for the Truth and Justice

400 world’s richest people lost $70bn in one day

Posted by on Jul 13th, 2015 and filed under Photo Gallery news/TRENDING STORIES, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

400 world’s richest people lost $70bn in one day



.as Dangote, 11 others increase fortune to $15.3bn

The world’s 400 richest people lost a combined $70 billion on Monday as equity markets around the globe were hammered on fears about Greece and declines in China fuelled by leveraged investors exiting the market.

The loss for the billionaires amount With its headquarters at 4 Balarabe Musa Crescent Victoria Island Lagos and severalbranch offices in Lagos, Ibadan, Abuja, Kano and Port Harcourt. Ipnx Nigeria
provider of infrastructure-based telecommunication and information technological services based
here in Nigeria. With more than a decade of experience, the company was formed by the
divestment of the telecommunications services division of Telnet Nigeria Limited and has been in
operations for over eight (8) years.
Ipnx Nigeria Limited started business as a division of Telnet Nigeria Limited- the leading
indigenous Telecommunication and Information Technology Services Company in Nigeria. Telnet
started business in 1987 as telecommunications engineering company and grew into other areas of
information technology as technology evolved and opportunities arose. A major part of the
business of telnet was providing data communication services, mainly wide area networks and to
Corporate communities in Nigeria in the Oil and Gas and Financial Services industries’. With
NITEL as a monopoly provider of telecommunication services in Nigeria due to government
regulation, these networks had to be built with NITEL facilities.
telecommunications industry, thereby opening it up to competition and other organizations were
allowed to provide telecommunications services. Telnet saw this as an opportunity to improve its
services to its customers and started to build its own communications network using radio and
VSAT (satellite) technologies.
The radio networks are utilized for communications between locations in the same
metropolitan area while VSAT networks were mainly used to provide long distance
communications. The corporate organizations used the networks provided for both private voice
and data communications.

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