Nigeria Orders Seizure of $4.7 Million From Ex-Central Banker
The court in Lagos, the nation's commercial hub, ordered that Godwin Emefiele, who was removed as central bank governor in June 2023, forfeit $4.7 million plus 831 million naira ($553,000) held in bank accounts, as well as a number of properties, according to a post on X by Nigeria's anti-corruption agency on Saturday.
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Man convicted of fatally shooting New Jersey pastor is sentenced to life in prison
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Yahoo
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These soaring UK shares are smashing the S&P 500
When it comes to growth, the conversation usually circles back to the US. However, while the S&P 500's been the benchmark for global markets for years, in 2025 UK shares are competing toe-to-toe with their American rivals. In fact, some are comfortably outpacing the pack. So I've identified two FTSE 100 stocks to consider that not only hold their own but are also making significant moves this year. That said, for now, I prefer one to the other. Airtel Africa Airtel Africa's (LSE: AAF) a wireless telecommunications provider serving 14 countries across the continent. It's not a household name in Britain, but its share price performance has been impossible to ignore. After posting better-than-expected quarterly results in July, the stock surged to a record high of 194.9p. Operating profit climbed 33% in Q1 to $446m, fuelling a rally that's seen the stock jump 90% since January. That's nine times the return of the S&P 500. Even against US giants, Airtel Africa looks impressive. AT&T's up 26% this year, Verizon, just 10%. Forecasts suggest the company's earnings per share could triple over the next three years, while revenue may reach £6.55bn by 2028. The growth story's compelling, but there are risks. Airtel Africa carries significant foreign-currency debt. A sharp devaluation of the Nigerian naira or other local currencies could inflate repayment costs and dent earnings. Volatility's therefore part of the package. Still, with Africa's wireless and mobile data markets expanding rapidly, I see this as a growth stock with long-term potential. Smith & Nephew Smith & Nephew (LSE: SN.) develops implants for joint repair and advanced wound care solutions. Earlier this month, the firm unveiled half-year trading results that delivered a pleasant surprise. Trading profit rose 11.2%, and a £500m share buyback programme was announced. Investors responded with enthusiasm. So far in 2025, shares are up 36% — triple the S&P 500's return. Against US peers, it's in an even stronger position. Stryker's up just 5.36% while Zimmer's actually fallen 3.5%. On valuation, the stock also looks cheap, with a price-to-earnings growth (PEG) ratio of only 0.56. What stands out is the operational progress. Earnings have surged 55% and net margins have widened to 7% from 4.7%, showing the impact of cost efficiencies. Debt's well-covered, cash flow looks strong and analysts at Jefferies even called it a safe-haven stock in the face of wider tariff concerns. That said, there are some risks. Return on capital employed (ROCE) has fallen sharply over the past five years, from 14% to just 6%, and its orthopaedics division's been losing market share in the US. This raises concerns about long-term competitiveness. While I think Smith & Nephew's defensive qualities are attractive and make it one to think about, I want to see improvements in efficiency and market share before seeing it as a long-term winner. The bottom line The FTSE 100's been stepping up in 2025, and these two UK shares prove it. Airtel Africa looks like a high-growth play on a booming market, albeit with currency risks. Smith & Nephew meanwhile, offers resilience and solid cash flow but needs to tackle some structural challenges. Either way, it's refreshing to see UK shares not just keeping up with the S&P 500 but overtaking it in certain areas. The post These soaring UK shares are smashing the S&P 500 appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Mark Hartley has positions in Airtel Africa Plc. The Motley Fool UK has recommended Airtel Africa Plc and Smith & Nephew Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
a day ago
- New York Post
Virginia man sentenced for 2023 murder of NJ Councilwoman Eunice Dwumfour
NEW BRUNSWICK, N.J. — A Virginia man convicted of shooting a New Jersey pastor to death outside her home in 2023 was sentenced Monday to life in prison. Rashid Ali Bynum, 31, of Portsmouth, Virginia, appeared in a county courtroom in New Brunswick, New Jersey, that was filled with relatives and friends of the victim, Eunice Dwumfour. His lawyer, Michael Ashley, has said an appeal of the murder and weapons convictions is planned. Dwumfour, 30, was ambushed in her vehicle on Feb. 1, 2023, as she arrived home at an apartment complex in Sayreville, a central New Jersey town where she also served as a council member. She was deeply involved in a Nigerian church, Champions Royal Assembly, and married a fellow church pastor in Abuja weeks before her death. Advertisement Rashid Ali Bynum was sentenced to life in prison for murdering New Jersey pastor and Sayreville Councilwoman Eunice Dwumfour. Middlesex County Prosecutor's Office via AP, File) Dwumfour was shot and killed outside of her home in Sayreville in February 2023. Sayreville Borough Council via AP, File Prosecutors said Bynum had lived with Dwumfour and her child for a time before returning to the Sayreville home and shooting her 14 times. The motive has not been made clear. Advertisement Dwumfour had recruited Bynum into the church and a Bible study organization she had started, Fire Congress Fellowship, when they both lived in Virginia, prosecutors said. He then moved to Sayreville, where she frequently lived with other church members, authorities said. Bynum returned to Virginia after his relationship with the church soured, prosecutors said. A jury convicted Bynum in June after a month-long trial. Ashley, Bynum's attorney, did not immediately return phone and email messages Monday afternoon. He has said there was no direct evidence linking him to the shooting, the Courier News reported.
