News
Gabonese President Confers Prestigious Honours on Tony Elumelu
I am truly humbled by this honour. It is a reflection not just of my personal journey, but of a shared belief – that African-led solutions, African entrepreneurs, and African institutions will shape the future of this continent
•Gabonese President Oligui Nguema, in a handshake with Tony Elumelu.
The President of the Republic of Gabon, His Excellency, General Brice Clotaire Oligui Nguema, has conferred the nation’s prestigious national honours – the Commander in the National Order of Gabonese Merit – on the Group Chairman, United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation, Mr. Tony Elumelu.
The distinguished award recognises Elumelu’s enduring contribution to Africa’s economic development, particularly his impact on youth entrepreneurship and infrastructure growth in Gabon and across the continent.
The recognition was conferred on him at the presidential palace in Libreville on Monday.
Oligui Nguema, who was recently sworn in as the newly elected President of the oil-rich country, praised Elumelu’s commitment to inclusive and sustainable development in Africa
‘Tony Elumelu is not only a visionary entrepreneur but also a committed friend of our nation Gabon.
Through his Foundation and the UBA Group, he has consistently shown that investing in Africa is not just good business – it is the key to our shared future.
Today, we honour a man whose actions continue to empower young Africans and inspire nations.”
While acknowledging the recognition, Elumelu, who has made several high-level visits to Gabon in recent months, expressed deep gratitude for the recognition and reaffirmed his commitment to supporting the country’s development agenda.
“I am truly humbled by this honour. It is a reflection not just of my personal journey, but of a shared belief – that African-led solutions, African entrepreneurs, and African institutions will shape the future of this continent.
“Gabon holds enormous potential, and I am proud that the Tony Elumelu Foundation and UBA Group can play a role in unlocking it,” Elumelu said.
News
BREAKING: Another Newswatch Magazine Co-Founder Passes Away – Yakubu Mohammed Dies at 75
In a somber development for Nigeria’s journalism community, Yakubu Mohammed, a co-founder of the iconic Newswatch magazine and its former deputy chief executive officer, has died at the age of 75.
Mohammed’s passing, announced recently, follows closely on the heels of the death of his longtime colleague and fellow co-founder, Dan Agbese, who succumbed to a prolonged illness on November 17, 2025, at age 81.
This marks yet another significant loss among the pioneering generation that launched Newswatch in 1984, revolutionizing investigative journalism in Nigeria.
Alongside Dan Agbese, Ray Ekpu, and the late Dele Giwa (who was tragically assassinated via a parcel bomb in 1986), Mohammed helped establish Newswatch as a trailblazing weekly newsmagazine known for its bold, fearless reporting and commitment to truth during a turbulent era in Nigerian history.
Reports indicate that Mohammed had been battling an undisclosed ailment before his death. Just months prior, in October 2025, he released his memoir, Beyond Expectations, which provides deep insights into the magazine’s founding, its challenges, and its enduring impact on Nigerian media.
The deaths of Agbese and now Mohammed represent profound blows to the legacy of Newswatch, which set new standards for ethical, investigative, and interpretative journalism in the country.
Tributes are expected to pour in from media practitioners, political leaders, and the public as the nation mourns another pillar of its press freedom movement. May his soul rest in perfect peace.
News
U.S. delivers ‘critical military assets’ to battle terrorists, bandits
Nigeria’s Chief of Air Staff, Air Marshal Sunday Aneke, visited the U.S. to quicken the process for the supply of 12 AH-1Z fighter jets by Bell Textron of California.AH-1Z, a modern attack helicopter, is equipped with advanced sensors and precision-guided weapons with night-fighting capabilities.
The US Africa Command (AFRICOM), has confirmed the delivery of critical military supplies to Nigeria to support the ongoing security operations against terrorists and other non-state actors.
“This delivery supports Nigeria’s ongoing operations and emphasises our shared security partnership,” said AFRICOM on its official X account yesterday.
AFRICOM, however, did not name the “critical military” tools.
Nigeria’s Chief of Air Staff, Air Marshal Sunday Aneke, visited the U.S. to quicken the process for the supply of 12 AH-1Z fighter jets by Bell Textron of California.AH-1Z, a modern attack helicopter, is equipped with advanced sensors and precision-guided weapons with night-fighting capabilities.
The supply of the critical military tools came after Washington launched deadly strikes on terrorists in the Northwest on December 24.
News
World Bank projects Nigeria’s urban population to reach 264m by 2050
According to the report entitled ‘Multi-sector analytical review and pathway to transformation’, Nigeria’s urban population has grown exponentially over the last 65 years – from just under seven million in 1960 to over 128 million in 2024, with nearly half the urban population living in slums.
• Lagos Business District
The World Bank says that people living in Nigerian cities will over the next 25 years reach 264 million from the current 140.3 million people.
The Bank made the projection in its Global Economic Prospects report, released yesterday, also forecasts that the Nigerian economy will grow by 4.4 percent in 2026 and maintain that pace in 2027.
In the report, Nigeria is expected to be the third most populous country in the world, after China and India
According to the report entitled ‘Multi-sector analytical review and pathway to transformation’, Nigeria’s urban population has grown exponentially over the last 65 years – from just under seven million in 1960 to over 128 million in 2024, with nearly half the urban population living in slums.
It is projected that 70 percent of the population will live in urban areas by 2050, with cities at the centre of the country’s economic future.
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