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Business

Apple unveils $58m pay package for new CEO Ternus

Apple has disclosed the compensation package for its new Chief Executive Officer, John Ternus, on Tuesday, his first day in the role, revealing a $3 million annual salary alongside a targeted equity award of $55 million for fiscal 2027, bringing his total target compensation to approximately $58 million. Apple’s board People and Compensation Committee also […]

Business

Tinubu’s reforms strengthening investors confidence – Dangote

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has praised the economic reforms introduced by the Bola Tinubu-led Federal Government, saying they are boosting investor confidence and supporting Nigeria’s economic recovery. In a statement on Wednesday, Dangote said the improved policy environment had contributed to the sustained growth and efficient operations of the […]

Banking

Otedola’s First HoldCo stake surges to N1.82tn

The disclosed and implied shareholding of First HoldCo Plc Chairman, Femi Otedola, in the Tier 1 lender has surged to an estimated market value of N1.82 trillion since the company filed its half-year financial statements with the Nigerian Exchange Limited in late July. The sharp rise was driven by aggressive share purchases by Calvados Global […]

Business

OPay takes legal action over viral shutdown claims

Financial technology company OPay has commenced legal proceedings against individuals and groups accused of creating and circulating viral claims that the platform planned to suspend its operations in Nigeria. The action comes amid a rising wave of misinformation targeting non-bank financial institutions and mobile payment platforms in Nigeria, as regulatory crackdowns and concerns over digital […]

featured Finance

GDP growth hasn’t improved workers’ lives, senior civil servants lament

The Association of Senior Civil Servants of Nigeria has said Nigerians have not experienced any tangible sign of economic growth despite the gross domestic product figures released by the federal government on Tuesday. The PUNCH reported that the president of ASCSN, Shehu Mohammed, made this known while speaking with journalists at the Association’s South West […]

Oil and Gas

Bolivia takes over state oil firm YPFB amid fuel crisis

Bolivia has placed its state oil company, YPFB, under temporary government supervision, following persistent problems with fuel imports and distribution that have triggered a severe nationwide supply crisis, authorities announced on Wednesday. Long queues of drivers waiting for scarce fuel have become a common sight across Bolivia, a situation that has persisted since President Rodrigo […]

Business

Uber to cut 10% of workforce in management restructuring

Uber on Wednesday announced plans to cut 10 per cent of its workforce as the ride-hailing company moves to streamline its management structure and reduce costs. “The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future,” CEO Dara Khosrowshahi wrote […]

Tech

OpenAI faces new lawsuits over alleged safety failure linked to school shooting

New lawsuits filed against OpenAI on Wednesday over the Tumbler Ridge school shooting in British Columbia, Canada accuse the ChatGPT maker’s executives of prioritising the company’s public image over public safety. Thirty complaints have been filed against OpenAI and its CEO, Sam Altman, in a federal court in San Francisco by people who were present […]

Finance

US Mint releases 250,000 $1 coins featuring Trump’s portrait

The United States Mint has released 250,000 $1 coins featuring the likeness of President Donald Trump to commemorate the country’s 250th anniversary. The coins, released on Wednesday, are legal tender and have also entered circulation, meaning members of the public could receive them as change when making cash payments. US Mint, in a post on […]

featured Life Style

Top 10 world’s richest people in 2026 – Forbes

Elon Musk has strengthened his position as the world’s richest person, with his fortune rebounding sharply in August to an estimated $892 billion, according to Forbes. Musk’s wealth increased by $202 billion in one month, following a $363 billion decline in July. The surge was driven largely by gains in the value of his stakes […]