News
Jeff Bezos Becomes Richest Man in History with $211Bn

Jeff Bezos, founder of Amazon continues to become wealthier and it was yesterday reported that the 57-year-old mogul, who founded the online retailer out of his garage 27 years ago this month, became the richest man in history when his net worth rose $8.4 billion to reach a record-breaking $211 billion.

Jeff Bezos
This is according to the Bloomberg Billionaire’s Index.
This comes after his worth rose to a staggering $211billion as the share price of his e-commerce company rocketed by four percent.
The businessman’s net worth soared by more than $8.4billion on Tuesday, according to Bloomberg’s Billionaires Index.
Amazon stocks soared by 4.7 percent on Tuesday, according to reports.
Bezos’ net worth now stands at $211billion and Amazon’s share price has increased by 15 percent since the start of the year.
The e-commerce pioneer, has shattered records for wealth since the Index started ranking billionaires’ net worth in 2012.
Elon Musk, founder, Tesla is second on the list with a net worth of $181bn while tech mogul Bill Gates is currently ranked fourth.
Facebook’s Mark Zuckerberg has an estimated net worth of $131bn.
Bezos’ success comes as the Pentagon canceled a disputing cloud-computing contract with Microsoft that could have been worth $10billion.
Microsoft won the contract under former president Donald Trump but Amazon went to court alleging that the process was flawed and “improperly influenced by politics”, the AP reports.
The JEDI project was designed to store vast amounts of classified data – allowing US military officials to improve communications with soldiers on the battlefield, as well as using artificial intelligence to speed up its war planning.
It is being reported that the Pentagon will pursue potential deals with both Amazon and Microsoft.
On July 5, Bezos stepped down from his role as Amazon CEO, handing over the reins to Andy Jassy.
Bezos previously ran Amazon’s cloud-computing business.
Earlier this year, Bezos said he planned to focus on new products and early initiatives being developed at Amazon.
He said he would have more time for side projects, including his space exploration company Blue Origin, his philanthropic initiatives, and overseeing The Washington Post, which he bought.
Bezos, who is the company’s biggest shareholder, will still have broad influence over the e-commerce giant.
The businessman received a salary of $81,840 and $1.6million in other compensation from the company last year.
Despite the economic crash brought on by the coronavirus pandemic, Bezos’ wealth ballooned over the last 12 months with shuttered shops driving Amazon sales skyward.
That came even as he handed over a quarter of his Amazon stock to his ex-wife MacKenzie Scott as part of their divorce.
Bezos is said to be more than twice as wealthy as the entire British monarchy – which was estimated to be worth $88billion in 2017 – and his fortune exceeds some nation’s gross domestic product.
It’s reported that he makes more money every second than the average US worker makes in a week, according to Business Insider.
News
PalmPay Launches CSR Initiatives to Empower Women, Foster Financial Literacy in Northern Nigeria

In a strategic move to expand financial inclusion in Nigeria, leading mobile banking platform, PalmPay has launched a series of CSR programs across Kano and Kaduna. The CSR initiative named “Passing the Baton” represents the brand’s commitment to passing on knowledge and providing the resources individuals and businesses need to achieve financial independence and drive economic empowerment.
This initiative is a bold move by PalmPay to bridge the opportunity gap in the North by providing financial literacy training and micro-business branding support to 5,000 women-owned businesses in Kano and Kaduna. This strategic initiative reaffirms PalmPay’s commitment to inclusive development and economic empowerment, particularly in underserved regions.
“At PalmPay, we believe that real financial inclusion must be far reaching and cover the grassroots,” said Chika Nwosu, Managing Director of PalmPay. “Our new CSR program is focused on supporting gender equity by equipping women with the knowledge, tools, and visibility they need to thrive as entrepreneurs in their communities.”
Through this initiative, beneficiaries will receive free health insurance, hands-on training workshops, enhanced store branding to boost visibility, and branded merchandise to strengthen their business presence.
The initiative is part of PalmPay’s broader strategy to extend its innovative solutions, expand its footprint in Northern Nigeria, while building sustainable partnerships with local stakeholders for long-term impact.
In a show of support, His Royal Highness, the Emir of Kano, Dr. Muhammadu Sanusi II, has endorsed the initiative, calling on other stakeholders to join forces with PalmPay in ensuring the North benefits fully from the growing digital economy. PalmPay has received commendation from community stakeholders, as the initiative aims to serve as a model for similar projects across other northern states.
As PalmPay continues to scale across Nigeria, the company remains committed to bridging the financial inclusion gap and empowering underserved groups, particularly women and youth, through its innovative solutions and impact initiatives.
News
EFCC Witness Admits Writing Off Arik Air’s $2.3M Debt Amid N76Bn Fraud Trial


News
Anambra Shines in 2025 E-Governance Rankings, Setting National Standards

Anambra State has once again demonstrated its leadership in digital transformation, emerging as one of Nigeria’s top three states in the 2025 e-Governance Report published by the Panorama CIAPS Governance Performance Index (CGPI).
According to the report — a collaborative effort between Nigerian Panorama and the Commonwealth Institute of Advanced Professional Studies (CIAPS) — Anambra ranks alongside Lagos and Enugu as the leading states in adopting and implementing e-governance practices that foster accountability, transparency, and improved service delivery.
In his remarks, Professor Anthony Kila, Director of CIAPS, emphasized the importance of e-governance in shaping how governments interact with citizens. “The centrality of e-governance allows us to assess the performance of state governments in the country. How the government treats the digital world says a lot about them,” he said.
The report evaluated states based on a comprehensive set of criteria, including website security, up-to-date content, public engagement, availability of online services, policy updates, and user accessibility. Anambra’s performance reflects the state’s deliberate investment in digital infrastructure and its commitment to leveraging technology as a tool for inclusive governance.
Reacting to the recognition, the Managing Director/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, CFA, described the report as a welcome validation of the efforts being made under the leadership of Prof. Charles Chukwuma Soludo, CFR, to reposition Anambra as a liveable and prosperous smart mega-city.
“This is not just about being tech-savvy,” Agbata said. “It’s about using digital tools to create real impact — making the government more accessible, responsive, and transparent. Anambra is building a digital future that works for everyone.”
The CGPI Report recommended that all states intensify efforts to train public servants, maintain digital platforms effectively, and build user-friendly systems that keep citizens informed and empowered. For Anambra, this recognition serves both as a milestone and a motivation to scale new heights.
As the journey continues, Anambra remains focused on setting the pace for e-governance in Nigeria in line with the Governor’s mantra of Everything Technology & Technology Everywhere.
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