Neuralink’s value jump leaves some Musk employees itching to cash out
Reuters Some of the staff at Elon Musk’s Neuralink are making preparations to sell the brain implant company’s stock in the wake of its valuation jumping following its first human…
Africa’s richest man versus Nigeria is uncharted territory
Bloomberg A standoff is building between Africa’s richest man and the president of the continent’s most populous economy. Stung by accusations from his home nation’s government that he’s seeking a…
Nigeria’s Central Bank raises interest rate to 26.75% amid rising inflation, apex bank’s chief announces
Olayomi Koiki Abuja – The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%…
South Africa’s Ramaphosa enshrines climate targets into law
Bloomberg Cape Town – South African President Cyril Ramaphosa has signed a landmark bill that will compel all levels of government to take climate considerations into account when setting budgets…
Israel slams Beijing deal to include Hamas in post-war Gaza government
AFP Israel swiftly condemned an agreement brokered by China Tuesday which Beijing said would bring Hamas into a “national reconciliation government” for post-war Gaza. Foreign Minister Israel Katz insisted that…
WTO members push to expedite an Okonjo-Iweala second term bid
Bloomberg A sizable portion of World Trade Organization (WTO) members supported a move from a group of African countries pushing for Director-General Ngozi Okonjo-Iweala to expedite a run for a…
Nigeria’s fuel subsidy payment exceeds ₦700 billion monthly; marketers warn Nigerians should prepare for pump price hike
Olayomi Koiki Abuja – The Independent Petroleum Marketers Association of Nigeria (IPMAN), has said Nigeria’s fuel subsidy expenditure might cross N700 billion monthly. The Secretary of IPMAN, Abuja-Suleja, Mohammed Shuaibu…
Disparaging of Dangote very bad for Nigeria, says AfDB president Adesina
Morakinyo Akinosun The president of the African Development Bank Group, Akinwumi Adesina, has spoken out in defence of the Dangote Refinery, addressing concerns about potential monopolistic practices. In a statement…
How NNPC folks opened plant in faraway Malta, bring in poor products with fake certificates – Dangote
Aliko Dangote, Nigerian billionaire businessman and industrialist has accused some people in the Nigerian National Petroleum Corporation (NNPC) of importing fake petrol products into the country. Dangote made this known…
Bangladesh arrest total passes 2,500: AFP tally
AFP DHAKA – The number of arrests in days of violence in Bangladesh passed the 2,500 mark in an AFP tally on Tuesday, after protests over employment quotas sparked widespread…