Chairman of Heirs Holdings, Transcorp, and United Bank for Africa, Tony Elumelu in this interview with select journalist attending the International Monetary Fund/World Bank Annual meetings in Washington DC, spoke on a number issues including taking more risk with the pension funds You spoke on digital transformation and its benefits for Africa. What was your …
Brazil’s economic activity rose 0.4% in August compared with the previous month, falling short of the 0.6% increase economists had forecast, according to data from the central bank’s IBC-BR index released Thursday. The index, which serves as a monthly proxy for GDP, combines estimates from agriculture, industry, services, and production-related taxes. Only the agriculture sector …
Sudan’s military leader, General Abdel Fattah Al-Burhan, met with Egyptian President Abdel Fattah El-Sisi in Cairo on Wednesday, marking a key diplomatic effort to coordinate responses to Sudan’s ongoing war and regional tensions over the Grand Ethiopian Renaissance Dam (GERD). The high-level talks, held at the Al-Ittihadiya Presidential Palace, focused on the devastating conflict in …
China on Thursday accused the United States of stirring unnecessary alarm over its rare earth export controls. The country also rejected Treasury Secretary Scott Bessent’s critical remarks about top Chinese trade negotiator Li Chenggang. The official People’s Daily released a seven-point rebuttal, defending Beijing’s measures. U.S. officials had suggested that removing the controls could prevent …
Nigeria’s anti-corruption drive took centre stage in the West African subregion as the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr Musa Adamu Aliyu, SAN, called for deeper regional collaboration to track, recover, and return stolen assets hidden across borders. Speaking at the 7th Annual General Assembly (AGA) of the …
Award-winning investigative journalist and Editor-in-Chief/COO of Premium Times, Musikilu Mojeed, has said that “great content is the key to survival in the media business.” He stated this during a lively panel session at Pinnacle Daily’s flagship lunch held in Abuja today. The event, themed “The Economics of Media Business: Understanding Revenue Models and Profitability”, explored …
Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), has called for the mobilisation of $4 trillion in domestic capital across Africa to fund large-scale investments in artificial intelligence (AI), energy, and infrastructure. This, he said, is key to a broader strategy of democratising prosperity across the continent. Elumelu made the call …
Nigeria’s economy is diversifying, with non-oil revenue increasing by 57.5%, signalling the nation’s commitment to reducing oil dependency and boosting fiscal resilience. The Nigeria Investors Forum, held on the sidelines of the IMF-World Bank 2025 Annual Meetings in Washington, DC, served as an important occasion for Nigeria's leadership to share updates on the nation’s economic …
Nigeria is set to issue $2.3 billion in Eurobonds as part of its strategy to refinance existing debt and boost economic stability, with a GDP growth forecast of 4% for 2025. The Nigeria Investors Forum, which took place on the sidelines of the ongoing International Monetary Fund/World Bank 2025 Annual Meetings in Washington, DC, showcased …
Domino’s Pizza has outperformed Wall Street expectations in its third-quarter results, riding a wave of value-driven promotions and new menu offerings as budget-conscious Americans search for affordable meal options amid stubborn inflation. The world’s largest pizza chain reported a 5.2% increase in U.S. same-store sales, surpassing analysts’ forecasts of 4%, according to data from LSEG. …
