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Elon Musk Halfway to Becoming World’s First Trillionaire

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Billionaire Elon Musk, the world’s richest person, is nearly halfway to becoming the planet’s first trillionaire, Forbes magazine reported on Wednesday.

The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion, briefly, as the shares in his electric vehicle company rebound from his clumsy stint in politics, amid other gains.

The 54-year-old’s net worth hit $500.1 billion Wednesday before dipping back to $499.1 billion, the publication’s “Real-Time Billionaires” tracker reported.

Ranked after him are Oracle CEO Larry Ellison with a net worth of $350.7 billion, followed by Meta CEO Mark Zuckerberg with a net worth of $245.8 billion on the Forbes list.

After graduating from the University of Pennsylvania and dropping out of Stanford University, Musk banked his first millions when he sold an online publishing software company to US computer maker Compaq for more than $300 million in 1999.

His next company eventually merged with PayPal, and after leaving that venture, the South African-born tech entrepreneur founded space rocket company SpaceX in 2002 and became the chairman of electric carmaker Tesla in 2004.

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Personality in Focus

Runsewe Bags ‘Pillar of Nigerian Tourism and Culture’ Award

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Former Director General of the National Council for Arts and Culture (NCAC) and the Nigerian Tourism Development Authority (NTDA), Otunba Segun Runsewe, has bagged the award of Pillar of Nigerian Culture and Tourism.

The award was conferred on him by the Association of Nigerian Journalists and Writers of Tourism (ANJET), the umbrella body for Nigerian travel press, on Thursday, October 23 at a colourful ceremony held at the prestigious Sheraton Lagos Hotel and Towers.

He was among some distinguished Nigerians from public and private sectors, including the former Nigerian Minister of Tourism and Culture, Ambassador Frank Ogbuewu, who were honoured for their contributions to the growth and development of Nigerian tourism.

Other distinguished Nigerians conferred with awards were: Otunba Wanle Akinboboye (Foremost National Tourism Builder and Creative Mind), Mr. Jemi Alade (National Trailblazer in Inbound Tour Operation) Engineer Tarzan Ganiyu Shekoni Balogun (National Icon in Tourist Boat Operations and Water Transportation), Mr. Nkereuwem Onung (Icon of Consistency and Resilience in National Tourism Leadership), and Chief Abimbola Bode-Thomas (Hospitality and Tourism Management Amazon).

Speaking on the award conferred on Runsewe and the other awardees, the President of ANJET Mr. Okorie Uguru said the awards aim to promote the culture of service to the people, and also showing appreciation to those who have served the nation with distinction while holding public office.

He said: “It is not about celebrating those who are serving the country now, but showing appreciation to those who have served in the past, to challenge current political office holders to put in their best.

“The individuals and distinguished Nigerians we are honouring are among the people that built the visibility and growth the tourism industry is enjoying today… They have contributed, and are still contributing to the sector.

“As holders of institutional memories and archivists of this industry, we know the roles they have played and are still playing in the development of the Nigerian tourism industry. That is why years after some of our awardees have left public offices, we still call them to bestow this honours.”

While receiving the award, Runsewe lamented the inability of Nigeria to take tourism seriously. He said: “I stopped talking for some time because there are too many talks in tourism, there is no action. We come; we speak big English and go back. Today, I am going to reveal two or three things. The last time I came out was to speak to the new executives of the Federation of Tourism Associations of Nigeria (FTAN). For me, I am almost tired of talking, because there is no action.

“Let me first of all thank Ambassador Ogbuewu today. He said he does not want to come, so I urged him to come. It is only the living that can be celebrated. Let us thank God that during our lifetime, we are being celebrated. It is not everybody that has that opportunity.

“I can stand anywhere and talk about this industry. I do not need a book.

“Ambassador Ogbuewu you would recollect that President Obasanjo took your very good self, led a delegation to Trinidad and Tobago. That was the day Obasanjo made a statement, he said ‘I going to stand on the existing protocol’. That was the first time they heard that English. The then president of Trinidad asked, ‘what is he talking about.’ That is a tourism brand.

“People do not understand tourism yet. People think it is only about moving from one place to the other. No. Let me reveal a few things: how many of us know the late Pastor T.B. Joshua. T.B. Joshua was selling religious tourism and nobody keyed into it? When T. B. Joshua was having his conference in Nigeria, there were over 20 private jets parked at the airport. I, maybe you did not know before today, I normally go to the airport to list how many countries they come from. I have my data. There is religious tourism in Nigeria. We have not tapped into it. We see them as pastors. Yes, pastors doing their job, but there is tourism content in what they are doing.

“If this country manages tourism well, we should not have a single child looking for a job. After agriculture, tourism is the biggest employer of labour, but we are still playing games, we are still telling ourselves stories.”

He thanked ANJET for the award and encouraged them to continue with the good work in the industry.

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NAOSNP Security Week: Gaidam Reiterates Govt’s Commitment to Data-Driven Policing

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The Minister of Police Affairs, Senator Ibrahim Gaidam, has reaffirmed the Federal Government’s commitment to repositioning the Nigeria Police Force through data-driven strategies, inter-agency synergy, and international cooperation towards building a safer, stronger Nigeria.

He stated this during the 2025 National Security Conference and Awards organised by the National Association of Online Security News Publishers (NAOSNP), with the theme, Securing and Safeguarding Nigeria’s Economic Resources: A Call to Serve, held at the Oriental Hotel, Victoria Island, Lagos.

In his keynote address presented by the Deputy Director (Information and Public Relations Unit), Mr. Bolaji Oladimeji Kazeem, the Minister stated that the Federal Government, through the Ministry, has started realizing key initiatives such as the National Criminal Data Fusion Centre (NCDFC), Nigeria Police Crime and Incident Database, Community Policing, transparent recruitment of an additional 30,000 Police Officers, and technological advancements to enhance the operational efficiency of the Nigeria Police Force for bolstering national security.

The Minister said as a major milestone in intelligence-led policing, the National Criminal Data Fusion Centre (NCDFC), provides a centralized platform for law enforcement agencies to pool, analyse, and disseminate criminal data, thereby enhancing internal operations and collaboration with international partners.

He noted that the upgraded Nigeria Police Crime and Incident Database Centre (NPCIDB) has enabled the Police to document criminals’ data through biometrics from Divisional Police Stations across the country, and digitally forwarded to the NPCIDB located in the National Criminal Data Fusion Centre.

He reiterated the good working relationship among security agencies to curb illegal mining, through collaboration of the Nigeria Police Force, the Armed Forces, and Nigerian Security and Civil Defence Corps (NSCDC)’s Mining Marshals.

“Security is the foundation upon which all human endeavours are built. It requires inclusiveness, people-centric approaches, and collective efforts to ensure peace, safety, and prosperity. These vital institutional allies are in the national effort to combat illegal mining and restore order in Nigeria’s solid minerals sector, and curb the activities of bandits, criminals, kidnappers, and terrorists,” the Minister hinted.

Gaidam urged all citizens, stakeholders, and media to join hands in supporting the Nigeria Police Force. “We require collective investment in technology, logistics, welfare, and equipment to enhance security. I propose that we procure High-Resolution Drone Surveillance for police commands across the country”. He stressed.

Earlier, the Chief of Defence, General Christopher Musa, represented by the Commandant, Armed Forces Resettlement Centre, Air Vice Marshal Bashir Rimi Maman, posited that security is the foundation for economic success. When people feel safe, businesses grow, farmers plant with confidence, and investors take bold steps.

He said Nigeria recently increased its crude oil production to over 1.5 million barrels per day, but vandalism and illegal activities still threaten this progress.

“We must therefore protect what we have built so that our natural wealth becomes prosperity for every Nigerian, not just a few,” the CDS cautioned.

According to him, “beyond military action, we must focus more on the non-kinetic side of national security, which accounts for nearly 70 percent of the work. This includes good governance, infrastructure, power, communication, and social development.”

Senator Ibrahim Gaidam was afterwards honoured with the award of Excellence as the National Association of Online News Publishers (NAOSNP) Iconic Man of the Year.

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TMnews Honours Aare EmmanuelKing with Leadership Award

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TMnews, at its 2025 Summit and Awards, has honoured the Chairman and Group Managing Director of Adron Group, Aare Adetola EmmanuelKing, with a prestigious Award of Recognition for his exceptional leadership and unwavering commitment to empowering Nigerians through affordable housing and community development.

The event, themed “Securing the Future: A Collaborative Approach to Community Safety,” brought together top government officials, security chiefs, corporate leaders, and humanitarian advocates to engage in constructive dialogue on national security, community partnership, and sustainable development.

In his message of appreciation, Aare EmmanuelKing expressed heartfelt gratitude to TMnews Magazine for the recognition, describing it as a humbling honour that reinforces his commitment to nation-building through affordable housing, community empowerment, and corporate social responsibility.

“I am deeply honoured by this recognition from TMnews. It is a testament to the collective effort of the Adron Group family, whose passion and dedication continue to drive our mission of making quality housing accessible to all Nigerians. This award is not just for me, it is for every hardworking Nigerian who believes in the dream of a better, safer, and more prosperous nation,” Aare EmmanuelKing stated.

He further commended the organisers of the summit for their consistency in promoting dialogue and collaboration among key stakeholders in governance, business, and community development, adding that such platforms are essential to building a secure and progressive society.

The Publisher and CEO of TMnews Magazine, Temidayo Babalola, lauded Aare EmmanuelKing for his visionary leadership and transformative role in Nigeria’s real estate sector, describing him as a beacon of innovation and a passionate advocate for sustainable community growth.

The summit also featured the TMnews Humanitarian Awards, where 24 distinguished individuals and organisations were celebrated for their exceptional service to humanity, corporate responsibility, and community impact.

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