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Alice Walton Tops Forbes World’s Richest Women List

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Alice Walton has again been named the world’s richest woman, topping the latest ranking of female billionaires released by Forbes. According to the publication’s annual World’s Billionaires list, Walton’s fortune is estimated at $134 billion, placing her firmly at the top of the global ranking of wealthy women for the second consecutive year.

Walton, the daughter of Sam Walton and an heir to the retail giant Walmart, first became the world’s richest woman in September 2024 after overtaking Francoise Bettencourt Meyers.

Bettencourt Meyers, the heir to the cosmetics group L’Oréal, now ranks second among the world’s richest women with a net worth estimated at $100 billion. She is followed by Julia Koch, the widow of industrialist David Koch, whose fortune is estimated at $81.2 billion.

The latest ranking shows that women continue to make up a relatively small share of the world’s ultra-wealthy. Out of 3,428 billionaires globally, 481 are women, representing about 14 percent of the list, an increase from 406 women, or 13.4 percent, recorded the previous year.

Iris Fontbona rose to fourth place with an estimated wealth of $52.6 billion, surpassing Jacqueline Mars, the heir to the Mars Inc. fortune, who dropped to fifth place with $49.1 billion. Among the top 10 richest women, the only self-made billionaire is Swiss shipping entrepreneur Rafaela Aponte-Diamant, whose fortune is estimated at $44.5 billion.

Overall, only 122 of the 481 female billionaires built their fortunes themselves, up slightly from 113 self-made women recorded the previous year. The next richest self-made woman is American businesswoman Diane Hendricks, whose wealth is estimated at $22.3 billion.

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Several prominent celebrities also appeared on the billionaire list. Global music star Beyonce made her debut with a net worth estimated at $1 billion. Other well-known self-made women include Rihanna with about $1 billion, Sara Blakely with $1.4 billion, and Taylor Swift with approximately $2 billion.

Another new entrant is Luana Lopes Lara, a co-founder of the prediction market firm Kalshi. At 29 years old, she has become the youngest self-made female billionaire, surpassing Lucy Guo, the 31-year-old entrepreneur behind Scale AI.

Meanwhile, Melinda French Gates and Marilyn Simons dropped out of the top 10 richest women, replaced by Fontbona and Chinese billionaire Zheng Shuliang, vice chair of an aluminium company founded by her late husband.

Ojogwu Godwin Chukwudi hailed from Delta State. A young talented personality, Alumnus of Delta State university,Abraka Studied Library and information science. He is an intellectual cyber communicator expert and a prolific blogger professional.

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TCN Commissions New Lines To Boost National Grid

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The Transmission Company of Nigeria (TCN) has completed and energized new transmission lines to boost the capacity and stability of the national grid

TCN said the projects will improve bulk power delivery, ease system constraints, and support more reliable electricity supply to distribution companies nationwide.

The company noted that the new lines are designed to raise transmission capacity and enable better evacuation of power from generation plants. This is expected to reduce transmission bottlenecks that often affect supply to homes and businesses.

According to TCN, the upgrade forms part of ongoing grid expansion and modernization efforts under the Federal Government’s power sector reform plans.

Details on the specific locations and capacity of the newly commissioned lines were not provided. TCN said additional information will be released as more projects are finalized.

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US Eases Access To Medical Marijuana

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The US government on Thursday made it easier for Americans to use cannab!s for medical reasons by reclassifying the drug and enabling more research into its safety and efficacy.

Mar!juana has been reclassified as having moderate to low addiction potential, “expanding patients’ access to treatments and empowering doctors to make better-informed healthcare decisions,” acting attorney general Todd Blanche said.

It was earlier classified as “Schedule I,” a category for drugs with “no currently accepted medical use and a high potential for abuse” that includes heroin and methamphetamine, according to the US Drug Enforcement Agency (DEA).

It has now been moved to the third rung of the five-level Drug Schedule.

The Department of Justice said Thursday’s move followed up on President Donald Trump’s executive order in December on increasing medical mar!juana research.

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Wike Meets NUT Over FCT Teachers’ Strike

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The Minister of the Federal Capital Territory, Nyesom Wike, has met with leaders of the Nigeria Union of Teachers (NUT) to address the ongoing strike by primary school teachers in the FCT.

The meeting, held on Wednesday, focused on resolving the dispute that has kept public primary schools shut across the territory. The teachers embarked on strike over unpaid arrears, non-implementation of promotion benefits, and other welfare issues.

Wike assured the union leaders of the FCT Administration’s commitment to addressing their grievances, noting that steps are being taken to clear outstanding entitlements. He urged the teachers to return to classrooms in the interest of pupils who have been out of school.

The NUT said it would consult with its members on the minister’s proposals before taking a decision on suspending the industrial action.

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Atiku Hosts ADC Lawmakers, Rallies Party For Elections

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Former Vice President Atiku Abubakar on Wednesday hosted the Legislative Forum of the African Democratic Congress (ADC) at his Abuja residence as the party intensifies preparations for the upcoming general elections.

The delegation was led by Hon. Uko Nkole. Atiku, in a post after the meeting, expressed gratitude for their visit and praised their “unwavering commitment to delivering success for ADC” at the polls.

“Nigeria shall Arise and Shine when we stand together,” he said.

The meeting comes as political parties ramp up consultations and mobilization ahead of the general elections.

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Atiku Slams Tinubu Over $516m Highway Loan

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Former Vice President Atiku Abubakar has fired a broadside at President Bola Tinubu over his request for Senate approval of a fresh $516 million external loan to finance portions of the Sokoto–Badagry Superhighway project, warning that Nigeria must not “borrow blindly” in the name of development.

In a statement issued on Wednesday by his Senior Special Assistant on Public Communication, Phrank Shaibu, Atiku acknowledged the necessity of infrastructure development — particularly a project connecting the Northwest to the Southwest — but drew a sharp distinction between noble intentions and reckless fiscal decisions.

“At a time when Nigeria is already groaning under the weight of unsustainable debt, the resort to yet another foreign loan — without transparent terms, clear cost-benefit analysis, and a credible repayment framework — raises profound questions about prudence and accountability,” Atiku stated.

The former Vice President was emphatic that the matter should not be reduced to a regional debate. The people of Northern Nigeria, he argued, like their counterparts across the country, deserve development that is sustainable and transparent — not one mortgaged against their future.

“What Nigerians expect is not just ambitious projects, but responsible financing. Development must not become a euphemism for deepening debt traps that generations yet unborn will be forced to repay,” he said.

Atiku argued that while strategic infrastructure can unlock economic corridors, it must be pursued within the bounds of fiscal discipline, sound prioritisation, and openness — and that borrowing must never substitute for creativity in governance or efficiency in resource management.

On the contracting process, he cited the controversy that trailed the Lagos–Calabar Coastal Highway as a cautionary tale.

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“Nigerians have not forgotten the serious questions surrounding the opaque award process of the Lagos-Calabar Coastal Highway — where due process, competitive bidding, and value-for-money considerations were widely called into question. We must not replicate such a troubling precedent,” Atiku warned.

He insisted that the Sokoto–Badagry project must not degenerate into “another exercise in favouritism or insider contracting,” adding that “public infrastructure cannot become a private bazaar for cronies and connected interests.

“Every kobo borrowed in the name of the Nigerian people must be matched with transparency, accountability, and strict adherence to procurement laws,” he said.

Atiku urged the National Assembly to subject the loan request to the highest level of scrutiny and ensure that its terms serve the interests of Nigerians — and that the project delivers measurable economic value.

“Nigeria must build, but Nigeria must not borrow blindly. Progress anchored on opacity and debt accumulation is neither progress nor leadership — it is postponement of crisis,” he said.

 

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Tinubu, APC Governors Meet ahead Of Primaries

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President Bola Tinubu is currently meeting with All Progressives Congress, APC, governors at the Aso Rock Presidential Villa, Abuja

The meeting is taking place at the Council Chamber instead of the Conference Room, which was the initial venue.

Governors Babagana Zulum of Borno State, Hope Uzodimma of Imo State, Hyacinth Alia of Benue State, Inuwa Yahaya of Gombe State, Biodun Oyebanji of Ekiti State, Peter Mbah of Enugu State, and AbdulRahman AbdulRazaq of Kwara State, among others, are currently on ground.

It was, however, gathered that some states were represented by their deputy governors.

The meeting is coming barely three weeks before the party conducts its primary elections ahead of the 2027 polls.

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Kenya’s President Slams Tinubu, Mocks Nigerians

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President William Ruto has criticised Nigeria’s economic conditions and English usage, pushing back against comments by President Bola Tinubu that Nigerians are better off than citizens of other African countries

The exchange followed remarks by Tinubu during a visit to Bayelsa State, where he inaugurated key infrastructure projects and defended his administration’s economic policies despite rising fuel prices.

“It is very important that we are honest with our people. Yes, I hear you from various angles of the economy. The fuel price is biting hard, but look around, let us thank God together, that you are better off. Listen to them in Kenya and other African countries and what they are going through. We will not look back. We will continue to fine way to ameliorate the sufferings of the vulnerable,” Tinubu had said.

In a now-viral video response, Ruto dismissed the comparison, pointing to Nigeria’s infrastructure challenges, particularly its persistent power supply issues, and taking a swipe at its English usage.

“Our education is good. Our English is good. We speak the best English in the world. If you listen to a Nigerian speak English, you’ll need a translator. We’ve the best human capital anywhere in the world,” Ruto said, using humour to defend his country’s standing.

The remarks come amid broader economic pressures across Africa, including rising fuel prices linked to global supply disruptions, partly driven by tensions in the Middle East and concerns over the Strait of Hormuz, a key global oil shipping route.

The exchange has sparked widespread reactions on social media, with many users criticising both the comparison and the tone of the remarks.

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On X (formerly Twitter), a user, Bureau-39, wrote, “Let’s not drag the whole country into this shit between two incompetent mad corrupt politicians. Both the countries speak good English, Kenya leans toward a clearer, more British-influenced style, while Nigeria mixes it with rich local flair and pidgin that can sound like its own dialect.”

Another commenter, Frank Bryant, questioned the basis of the debate, saying, “Why should Africans be competing over who speaks the colonial masters language very well?”

Xave added, “and you think they would listen to you the only thing Africans are good at is fighting amongst themselves.”

Obiridike commented, “They will do that Ghanaians and South Africans say all Nigerians are thieves and drug peddlers.”

Similarly, Michael James echoed, “They will do that Ghanaians and South Africans say all Nigerians are thieves and drug peddlers.”

While Nigeria remains one of Africa’s largest do oil producers, it continues to grapple with inflation, currency instability and erratic electricity supply.

Kenya, on the other hand, has positioned itself as a regional hub for finance and technology, though it also faces economic challenges, including rising debt and cost-of-living pressures.

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Tinubu, Senate Hold Talks On National Issues

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President Bola Tinubu on Wednesday held a closed-door meeting with the extended leadership of the Senate at the Presidential Villa in Abuja.

It was reported that far-reaching decisions on key national issues were reached during the high-level engagement, which addressed matters described as being of urgent national importance.

The Senate delegation was led by Senate President Godswill Akpabio and included Deputy Senate President Barau Jibrin, Senate Leader Opeyemi Bamidele, and Senate Minority Leader Abba Moro.

Other lawmakers present at the meeting were Senator representing Abia North Senatorial District, Orji Uzor Kalu; Senator representing Kebbi Central Senatorial District, Adamu Aliero; Senator representing Gombe Central Senatorial District, Danjuma Goje; and Senator representing Bauchi Central Senatorial District, Abdul Ningi.

Details of the resolutions reached at the meeting were not immediately disclosed at the time of filing this report.

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INEC Sets 38-Day Timeline For 2027 Election Primaries

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The Independent National Electoral Commission (INEC) has officially commenced activities for the 2027 general elections as the 38-day window for political parties to conduct their primaries opened today.

Political parties now have exactly 38 days, from April 23 to May 30, 2026, to hold primaries for presidential, governorship, National Assembly, and State Houses of Assembly positions.

This period also covers the resolution of any disputes arising from the primaries.According to INEC guidelines, parties are required to submit their membership registers to the commission at least 21 days before conducting their primaries.

The deadline for the submission of all membership registers is May 10, 2026.This milestone marks the formal beginning of the electoral process for the 2027 polls, setting the stage for intra-party democratic exercises across Nigeria’s 18 registered political parties.

 

Stakeholders have been urged to adhere strictly to the timelines to avoid disqualification or legal complications.

INEC has also warned parties to ensure transparency, inclusivity, and internal democracy during the primary elections.

Further details on monitoring, guidelines, and timelines for other aspects of the electoral process are expected to be released by the commission in the coming weeks.

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