General News
Behold, the 10 Richest Presidents In the World

With power comes not only fame but immense fortunes. Heads of state or government are supposed to be the servants of the people, but it this appears a Herculean task in this time and age.
Those who serve should have genuine of their motherland at heart and provide leadership to the citizenry.
True leaders are those that are in tune with the pain and plight the people and know what the ordinary man really feels.
Little wonder, there is great admiration for Jose Mujica, the President of Uruguay, who has eschewed all the perks of power to live a simple life among ordinary Uruguayans.
It is in this light that we are taking a look at the top 10 world’s richest presidents and their style of leadership.
1. Vladimir Putin, President of Russia – $40 billion
Vladimir Putin has been the Russian President since 2012, though he also served in the post from 2000 to 2008.
Though his reported income is only $80,000, Putin is said to be a multi-billionaire because of his stakes in various Russian companies.
He has had several houses built ostensibly as official residences of the head of state or government. One in Praskoveevka near the Black Sea is said to cost around a billion dollars.
2. Bhumibol Adulyadej, King of Thailand – $30 billion
Bhumibol Adulyadej is the beloved King of Thailand. He is the longest currently serving head of state and the longest reigning monarch in the history of his country.
He has been the country’s King since 1946. He has made generous contributions to various sectors of Thai society.
He is considered to be the richest royal in the world.
3. Hassanal Bolkiah, Sultan of Brunei – $20 billion
Hassanal Bolkiah’s complete name is Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar Ali Saifuddien Sa’adul Khairi Waddien.
He became the Sultan of Brunei after the abdication of his father in 1967. He has one of the largest car collections in the world, with some companies making new cars exclusively for him. He even has a Rolls Royce coated with 24K gold.
4. Abdullah bin Abdulaziz Al Saud, King of Saudi Arabia – $18 billion
Abdullah bin Abdulaziz Al Saud is the third richest monarch in the world. He became King of Saudi Arabia in 2005 after the death of his half brother King Fahd.
As the Saudi King, he is also the Custodian of the Two Holy Mosques. Under his regime, the country has slowly been undertaking reforms, including allowing more rights to women.
He is known for his immediate response to international disasters, like the 2008 earthquake in China and Hurricane Katrina in New Orleans.
5. Khalifa bin Zayed Al Nahyan, President of United Arab Emirates – $15 billion
As the Emir of Abu Dhabi, Khalifa bin Zayed Al Nahyan is also the President of the United Arab Emirates.
He took over as President in 2004 after the death of his father. He is the chairman of the Abu Dhabi Investment Authority.
His family has an estimated wealth of more than $150 billion. He is known for his philanthropic work, making donations to orphanages in Turkmenistan, hospitals in the US and schools in Wales.
6. Mohammed bin Rashid Al Maktoum, Emir of Dubai – $4 billion
As the ruler of Dubai, Mohammed bin Rashid Al Maktoum is also automatically the Prime Minister and Vice President of the United Arab Emirates.
He came to power in 2006, succeeding his older brother Maktoum bin Rashid Al Maktoum. He owns 99.67 percent of Dubai Holding.
He is also responsible for the construction of landmarks like the Palm Islands, Burj Al Arab and the Burj Al Khalifa. His family’s total wealth is estimated to be around $44 billion.
7. Hans-Adam II, Prince of Liechstenstein – $4 billion
His full name can be a mouthful: Johannes Hans Adam Ferdinand Alois Josef Maria Marko d’ Aviano Pius von und zu Liechtenstein.
He owns the LGT banking group. His family also owns an extensive collection of art pieces. These are displayed for public viewing at the Liechtenstein Museum in Vienna. He is considered as the wealthiest monarch in all of Europe.
He holds broad powers as head of state, including the ability to introduce legislation and the power to veto laws passed by the parliament.
8. Hamad bin Khalifa Al Thani, Emir of Qatar – $2.5 billion
The ruler of Qatar comes from the Al Thani dynasty that began its reign in 1850 when Muhammad bin Thani ruled the country.
The family comes from one of the largest tribes in the Arabian Peninsula called the Banu Tamim. The current Emir came to power in 1995 after deposing his father.
He was one of the primary backers of the Al Jazeera news network, even providing a $137 million loan to help the company in its first years of operation.
The Emir is also known as a huge football fan, having made bids to take over clubs like Manchester United and Rangers FC
9. Mohammed VI, King of Morocco – $2.5 billion
Mohammed VI became the King of Morocco in 1999 after the death of his father.
He drew a lot of attention after promising to tackle the triple issues of poverty, corruption and human rights violations.
These have yet to be solved, however, as evidenced by widespread protests in 2011. Corruption issues have also led to the King himself.
He holds significant amount of shares in Omnium Nord Africain, or the ONA Group, that owns diverse investments in retail, financial services, mining and other sectors
10. Sebastian Pinera, President of Chile – $2.4 billion
Sebastian Pinera came to power in 2010 after being elected as the first billionaire to be sworn in as President of Chile.
He owned Chilevision, a terrestrial television channel that broadcasted all over Chile. He also owned 27 percent of LAN Airlines after purchasing the shares of Scandinavian Airlines in the former state-owned firm in 1994.
He also held a 13 percent share in Colo Colo, one of the country’s most popular football clubs. He was also responsible for introducing credit cards to Chile in the 70s.
General News
NiDCOM Launches Diaspora Startup Challenge to Boost Nigerian Talent

The Nigerians in Diaspora Commission (NiDCOM) has sought to harness the innovation and expertise of Nigerians across the globe with the launch of the Connected Diaspora x DOWA Start-Up Challenge and the Connected Diaspora Flagship Event 2025.

Speaking at a news conference in Lagos, Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, described the initiatives as timely and transformative, noting that they are strategically designed to tap into the creativity, enterprise and professional strength of Nigerians in the diaspora.
She said the Start-Up Challenge, themed “Building, Breaking and Believing in Nigeria,” aims to energise innovators abroad by promoting knowledge transfer, enterprise development and strategic investment to support Nigeria’s rapidly expanding economy.
According to a statement by NiDCOM, the challenge, which offers cash prizes of up to ₦1 million, is targeted at spotlighting exceptional ideas and supporting impactful ventures created by Nigerians living overseas.
According to Dabiri-Erewa, the initiative aligns with the Federal Government’s overarching goal of engaging the diaspora community as key partners in national progress.
She further announced that the Connected Diaspora Flagship Event will take place on December 19, 2025, in Lagos, and will bring together entrepreneurs, policymakers, investors, technology leaders and strategic partners for critical discussions on Nigeria’s future.
Kadiri Hamzat, Deputy Governor of Lagos State, will serve as the Special Guest of Honour and is expected to speak on the importance of collaboration between government and the diaspora in accelerating development.
NiDCOM also revealed that notable contributors from the global diaspora community and Nigeria’s entrepreneurship ecosystem will enrich the sessions and help shape new pathways for meaningful engagement.
Dabiri-Erewa said their support remains invaluable in driving the success of the initiative. She emphasized that their continued collaboration helps unlock the potential of Nigeria’s global talent pool and fosters sustainable economic growth.
The Commission called on stakeholders across both the public and private sectors to support the initiative, stressing that the opportunities for innovation, collaboration and nation-building are immense.
NiDCOM urged young Nigerians and diaspora returnees to participate actively in the Start-Up Challenge, reminding them that entries close on December 12, 2025.
The December event will also feature a Diaspora Talent Career and Internship Fair, aimed at connecting diaspora returnees with internship opportunities offered by DOWA partner organisations.
NiDCOM said the fair will further strengthen talent exchange and deepen the country’s development capacity.
The programme timeline includes the opening of applications for the Start-Up Challenge from November 18 to December 12, followed by public voting on Instagram from December 13 to 17.
The winner will be announced on December 18, ahead of the final presentation at the JK Randle Centre in Lagos on December 19.
NiDCOM encouraged interested participants to follow the provided registration details and take advantage of the platform created to connect, innovate and contribute to national advancement.
General News
PromoPrint Rekindles Nigerian Resilience @ 25th Anniversary

Indigenous printing company, PromoPrint Ventures Ltd, celebrated 25 years of operations in the country on Tuesday 2nd December, at an event held at the Lagos Motor Boat Club in Lagos.

The evening saw business executives, clients and stakeholders in the printing space gathered to attest to the dexterity and Nigerian resilience demonstrated by Mrs. Patricia Ojora, the Founder and Chief Executive of the company in sustaining the growth of PromoPrint over the last 25 years.
Amongst many things on display that evening were PromoPrints very first t-shirt printed in the year 2000. Guests also cheerfully adorned custom-made patterns done by Promoprint on our indigenous cotton fabric (Funtau).
In her opening remarks, Mrs. Patricia Ojora recalled the past 25 years of operation in Nigeria at the helm of PromoPrint. While not easy, she says:
“We’ve been able to do it and we enjoy it. There’s nothing better than creation. To create something from nothing and do it so well, it’s a passion for me. It’s something that I really, value. I’m a great supporter of Nigeria, so I believe that we should be able to do things well in Nigeria. We don’t need to always import, that’s why we’re doing this today, to be able to collaborate with people. Most of the people here are people we’ve collaborated with and have worked hard to build Nigeria back up”.
She recounts how she was able to change the narrative of many Nigerians that were printing outside of the country who are now printing with PromoPrint Ventures. “People used to print outside the country because they didn’t trust the quality that was here in Nigeria,” Patricia explains with an understanding that “we can produce good quality here within Nigeria.”
The company is a one-stop shop for all things printing with all operations happening in-house, from the expertise of crafting graphics and garment production to the t-shirts, roller banners, corporate gifts and more being rolled out on a daily basis. “What we are selling is peace of mind in a chaotic place.” Patricia says, with nearly three decades of successful operations and collaboration under her belt.
Significantly, she makes sure the company remains primed for the future, using AI and the like to remain progressive in strategy and implementation. Patricia proudly states, “Our automated printing carousel can churn out 10,000 tees a day if needed and our many corporate clients can attest to this.”
In attendance was Atedo Peterside (CON), Founder, Stanbic IBTC Bank Plc, one of many guests in the room who spoke to PromoPrints impact. “There’s something about longevity,” he shares with the crowd, “If you’ve kept the business going for 10 years, I always tell people, it means you’re doing something right. If you get it going for 20 years, you’re doing something very correct. Patricia must be doing something phenomenally right and it’s my sincere hope that she keeps it going, keep building, keep innovating.”
“Patricia can create almost everything,” Peterside remarks, “she has the courage, audacity and the commitment.”
Mrs. Ibukun Awosika, Nigerian businesswoman and the first female Chairperson of First Bank of Nigeria, contextualises the tenacity of Patricia’s efforts rather well. She reminds the room that “when you think of how many big multinationals who have so much that protects them, who have a lot of support systems internationally and locally, who gave up on Nigerian manufacturing, then you have to go back and think about those of us like Patricia.”
Even after 25 years, Nigeria remains in need of more Entrepreneurs, particularly those like Patricia, to boost the SME and manufacturing industry in the country despite the odds. “She didn’t give up,” Awosika says in admiration.
“What is key is that, when we celebrate the likes of Patricia and her company, we know without a doubt that it’s not just because they want to have a celebration. It’s because, in truth, the Nigerian entrepreneur is a star, and even more so, the Nigerian manufacturer.” Awosika concludes.
So, we celebrate Mrs. Ojora and her PPV entire team, and all that has gone into 25 years of hard work, commitment, creativity, we also recognise the passion that does not allow you to give up on the vision, the commitment to not only creating jobs for other Nigerians but creating value within Nigeria. The commitment to innovating a solution for every challenge and every situation. Indeed, it was a worthy celebration.
General News
Optimus AI LABS CEO Showcases AI Breakthroughs in Nigeria’s Financial Sector

Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS, has unveiled a suite of artificial intelligence innovations poised to transform Nigeria’s financial services industry, aligning with recent Central Bank of Nigeria (CBN) directives on consumer protection and fraud prevention.

Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS
Basamta, speaking at a media parley in Lagos, said the company’s flagship product, Omnis, is redefining customer engagement in banking by serving as a virtual assistant embedded within mobile applications.
According to him, the platform is capable of analyzing customer behavior to recommend tailored financial products, effectively functioning as a “digital salesperson” that boosts bank revenues while enhancing customer experience.
He noted that Optimus AI LABS, which began as a modest startup targeting small businesses such as schools, has now identified greater opportunities in serving banks, fintechs, and microfinance institutions.
“The financial sector presents the biggest opportunity for AI to deliver value at scale,” Basamta said.
In response to rising fraud concerns and new CBN regulations mandating resolution of fraud cases within 14 days, Basamta highlighted the company’s AI-powered support platform designed to address customer frustrations over delayed assistance.
The system, he explained, interacts naturally with users, resolves issues promptly, and escalates unresolved cases, thereby strengthening compliance and improving customer satisfaction.
Basamta also recounted the firm’s global expansion, citing its work with Canadian clients, including the development of a dental learning environment for a major dental group.
He said this international footprint demonstrates Nigeria’s capacity to compete globally through homegrown innovation.
Reflecting on the company’s relocation into office space formerly occupied by KUDA, a fast-rising Nigerian fintech, Basamta expressed optimism that Optimus AI LABS is on a similar trajectory toward scaling into a major industry player.
He emphasized that the company’s growth would contribute not only to technological advancement but also to national development.
Basamta concluded by appreciating partners and stakeholders, stressing that “big things can emerge from small beginnings when powered by AI’s transformative capabilities.”
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