Tony Elumelu will retire as UBA Chairman on August 21, 2026, after completing the CBN tenure limit. Emmanuel Nnorom will succeed him as Group Chairman. Tony Elumelu will step down as Group Chairman of United Bank for Africa (UBA) Plc on August 21, 2026. His exit follows the Central Bank of Nigeria’s 12-year tenure limit…
Nigeria’s electricity distribution companies (Discos) lost 1.13 million customers in 2025 despite earning more money and supplying more electricity. New figures from the National Bureau of Statistics showed customer numbers dropped from 13.30 million in the fourth quarter of 2024 to 12.16 million in the same period of 2025. That represents an 8.52 per cent…
Australia ranks as the world’s third-highest country for median wealth, according to UBS, highlighting strong household prosperity despite ongoing economic challenges. Australia’s property market is making more people millionaires. A new UBS Global Wealth Report shows about 25,000 Australians joined the millionaire club in 2025. That pushed the country’s total to 1.6 million people with…
South Korea stocks suffered a heavy loss on Thursday. The benchmark KOSPI index dropped more than 6%. The sharp fall followed a global selloff in chip companies. Investors became worried after Meta Platforms announced plans to sell extra AI computing power. That move raised fresh concerns about possible excess investment in artificial intelligence. As a…
Donald Trump’s net worth surges to billions after reportedly making over $1.4bn from crypto in 2025, raising conflict of interest concern Donald Trump’s latest financial disclosure has stirred global attention. Reports show he made over $1.4bn from cryptocurrency in 2025 alone. This massive income comes from his family-linked crypto ventures and meme coin sales. One…
A popular Nigerian businessman known as Big Joe has been shot dead outside his shop in Witbank, also called Emalahleni, in South Africa’s Mpumalanga Province. According to eyewitnesses, the attackers walked up to him and opened fire several times before fleeing the area. Residents and fellow traders rushed to the scene after hearing the gunshots….
The US Supreme Court has stopped President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook. The court ruled 5-4 against the move. Judges said Cook did not receive enough “due process” to defend herself before the decision. As a result, the case will return to lower courts. There, the Trump administration must prove…
South Korea unveils $576 billion AI chip investment with Samsung and SK Hynix to boost semiconductor production and strengthen its global AI leadership. South Korea is making one of its biggest technology bets yet. President Lee Jae Myung has announced AI and semiconductor projects worth more than $576 billion. The massive investment aims to keep…
The Federal Competition and Consumer Protection Commission (FCCPC) says it is concerned that fuel marketers have failed to reduce pump prices in line with the sharp decline in global crude oil prices. The commission disclosed this in a statement on Sunday following an ongoing surveillance of the downstream petroleum market. ‘Price cuts not commensurate’ The…
Sunday Dare, special adviser to President Bola Tinubu on media and public communications, has defended First Lady Oluremi Tinubu’s recent comments encouraging Nigerians to explore small-scale businesses. Dare spoke during an interview on Seun Okinbaloye’s Mic On podcast. Earlier, the first lady encouraged Nigerians to start a small business, such as selling akara or roasted…
