TÜRKIYE IS PLANNING TO ESTABLISH LOCAL DEFENCE PRODUCTION FACILITIES AND MILITARY TRAINING CENTRES IN NIGERIA AS PART OF EFFORTS TO STRENGTHEN SECURITY COOPERATION AND INCREASE BILATERAL TRADE TO $5 BILLION.(PHOTO).

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 Türkiye is planning to establish local defence production facilities and military training centres in Nigeria as part of efforts to strengthen security cooperation and increase bilateral trade to $5 billion. Turkish Ambassador to Nigeria, Mehmet Poroy, disclosed this on Monday in Abuja, saying the proposed facilities would enable Türkiye to support local military equipment production rather than simply supplying weapons and equipment. He also revealed that 200 Nigerian special forces personnel were undergoing a two-month training programme in Türkiye, with plans underway to establish a similar facility in Nigeria. “We are planning to have some local production unit also in that context, not only selling to Nigeria the tools, equipment, the arms that it needs, but also the possibility of having local production here in Nigeria,” Poroy said. On trade, the ambassador said bilateral trade currently stood at approximately $2 billion, including oil and gas, but both countries were targe...
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KING CHARLES IS WORTH $850 MILLION BUT HE DOESN'T HAVE A SALARY. HERE'S HOW HIS LIFE AND WORK ARE FUNDED. (PHOTO).

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 King Charles Is Worth $850 Million but He Doesn't Have a Salary. Here's How His Life and Work Are Funded


King Charles III may not receive a traditional salary, but his estimated $860 million fortune is supported through three major streams of income.


The biggest source is the Sovereign Grant, which comes from profits made by the Crown Estate, a vast portfolio of commercial properties, hospitality assets, and more than 191,000 acres of land. 


These profits are controlled by the UK Treasury, which then releases a percentage to fund the monarchy’s official work. 


In the 2025 to 2026 financial year, the grant rose to more than $176 million, largely boosted by offshore wind farm lease sales and strong asset management.


This money covers official royal duties, including staff salaries, upkeep of official residences such as Buckingham Palace, and the cost of public engagements and foreign trips. In 2025 alone, members of the royal family reportedly carried out 2,458 engagements.


The second source is the Duchy of Lancaster, a private estate held in trust for the monarch since 1399. It includes historic buildings, urban property, mineral interests, and more than 41,000 acres of rural land. Revenue from this estate goes into the Privy Purse, which stood at over $38 million in the 2024 to 2025 year.


That fund supports the King’s private expenses, maintenance of personal residences like Sandringham and Balmoral, and some costs linked to other working royals.


The third stream is Charles’ personal portfolio, which includes private investments, savings, and properties. Unlike the other two, this part of his wealth is not publicly disclosed.


Before becoming King in September 2022, Charles was funded through the Duchy of Cornwall while serving as Prince of Wales. 


Since ascending the throne, his finances have shifted to this three-part structure.


Together, the Sovereign Grant, the Privy Purse, and his personal investments fund both his role as monarch and his private life. 


Despite a slower pace in 2024 following his cancer diagnosis, Charles returned strongly and was later ranked the hardest-working royal in 2025.

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