Headline
Bernard Arnault Overtakes Elon Musk As Richest Man In The World

Billionaire Bernard Arnault has surpassed Tesla CEO Elon Musk as the richest man in the world.
CEO of global luxury goods company LVMH, Bernard Arnault and his family’s net worth snowballed to $207.8 billion after an increase of $23.6 billion on Friday, exceeding Musk’s $204.5 billion mark, according to Forbes real-time billionaires list.
This development trails Tesla suffering a blow in the stock market on Thursday (Jan 25), plummeting to 13 per cent which made Musk lose more than $18 billion in net worth, according to a Forbes report.
READ ALSO: Elon Musk Overtakes Obama As Most Followed Twitter Account
In advantage, LVMH shares rose by over 13 per cent on Friday around 11 am immediately after the news of strong sales surfaced.
LVMH’s market cap reached $388.8 billion on Friday, compared to Tesla’s $586.14 billion market cap, as per Forbes.
Tesla shares on Thursday dropped by over 12 per cent after Musk cautioned that the sales growth would go down despite slashing the prices that have already caused a dent in the margins of the world’s most valuable automaker.
Musk on Wednesday said that growth would be “notably lower” as Tesla shifts its focus on making cheaper next-generation electric vehicles at its Texas factory in the second half of 2025.
READ ALSO: JUST IN: Musk Leaks Private Messages With Zuckerberg On $1bn ‘Super’ Fight
However, he said that speeding up the production of the new model would pose challenges as it would involve the latest technologies.
“The Tesla headlines have essentially gone from bad to worse,” said TD Cowen analysts, noting that the fourth-quarter revenue and profit were also below expectations.
“The problem for Tesla is any significant attempt to boost sales from here on will probably need to be achieved at the cost of further falls in operating margin, due to having to compete with BYD in China, as well as increased competition elsewhere,” said Michael Hewson, chief market analyst at CMC Markets.
Headline
Putin Says Russia Ready For War, Blames Europe For Sabotaging Peace

Russian President Vladimir Putin said on Tuesday that Russia was “ready” for war if Europe seeks one, accusing the continent’s leaders of trying to sabotage a deal on the Ukraine conflict before he met with US envoys.
The comments came as US envoy Steve Witkoff and President Donald Trump’s son-in-law Jared Kushner were in Moscow for high-stakes talks on ending the nearly four-year war, which were preceded by days of intense diplomacy.
“We are not planning to go to war with Europe, but if Europe wants to and starts, we are ready right now,” Putin told reporters in Moscow.
READ ALSO:Trump Blasts Ukraine For ‘Zero Gratitude’ Amid Talks To Halt War
“They have no peaceful agenda, they are on the side of war,” he added, repeating his claim that European leaders were hindering US attempts to broker peace in Ukraine.
He added that European changes to Trump’s latest plan to end the war “aimed solely at one thing — to completely block the entire peace process and put forward demands that are absolutely unacceptable for Russia”.
Washington has presented a 28-point draft to end the conflict, later amended after criticism from Kyiv and Europe, which viewed it as heeding to many of Russia’s maximalist demands.
READ ALSO:Trump Urged Ukraine To Give Up Land In Peace Deal Talks — Official
The plan to end the war is championed by Trump, but European countries fear it risks forcing Kyiv to cave in to Russian demands, notably on territory.
Fearing further Russian aggression, Europe has repeatedly said an unfair peace should not be imposed on Ukraine.
The Trump envoys are now seeking to finalise the plan with the approval of Moscow and Kyiv.
AFP
Headline
US Senator Proposes Bill To End Dual Citizenship

A United States lawmaker has introduced a bill seeking to abolish dual citizenship for American nationals, a move that could affect thousands of Nigerians who hold both US and Nigerian passports.
Bernie Moreno, a Colombian-born US senator, announced the proposed legislation — titled the Exclusive Citizenship Act of 2025 — arguing that the current system, which allows Americans to hold multiple nationalities, creates “conflicts of interest and divided loyalties.”
“One of the greatest honours of my life was when I became an American citizen at 18, the first opportunity I could do so.
“It was an honour to pledge an Oath of Allegiance to the United States of America and only to the United States of America! Being an American citizen is an honour and a privilege—and if you want to be an American, it’s all or nothing. It’s time to end dual citizenship for good,” Moreno said.
READ ALSO:FULL LIST: FG Lists Nigerian Veterans For Honours To Celebrate 100 Years Of Aviation Industry
Moreno, who has since renounced his Colombian citizenship, maintains that exclusive allegiance is essential to national integrity.
If passed, the bill could have far-reaching implications for prominent figures such as US First Lady Melania Trump, who holds both US and Slovenian citizenship. It would also significantly impact Nigerians with dual citizenship.
According to a July naturalisation flow report by the US Department of Homeland Security, 38,890 Nigerians became naturalised American citizens between 2021 and 2023. Nigeria ranked 13th among countries with the highest number of new US citizens and was the only African nation in the top 20.
READ ALSO:Resident Doctors Suspend Strike, Issue Fresh Four-week Ultimatum
Nigerian law allows citizens by birth to hold dual nationality without relinquishing their Nigerian citizenship.
This development comes months after President Donald Trump issued an executive order aimed at denying automatic US citizenship to children of undocumented immigrants born in the country.
The order was immediately challenged by 18 states and multiple rights groups, who argued it violates the 14th Amendment’s guarantee of birthright citizenship. Ongoing legal battles have prevented the order from taking effect.
Headline
12 Die, 30 Missing In Peru Landslide

At least 12 people, including three children, died in a landslide at a river port in central Peru on Monday, and 30 were reported missing, officials said.
The landslide submerged a boat with about 50 passengers on board, and another with none, as they were docked at the port of Iparia in the Amazon jungle region of Ucayali, according to a police report cited by the Andina news agency.
Six people were injured, it added, and a search and rescue operation was underway at the start of the Peruvian rainy season.
READ ALSO:FULL LIST: APC Sweeps Rivers Elections, Wins 20 Of 23 LGAs
Without giving a toll, Peru’s COEN national emergency operations centre said on X that tragedy struck at dawn due to “erosion” of the bank of the Ucayali river.
It said the navy has been called in to help.
AFP
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