Tesla Inc. shares slid more than 3% on Monday as investors reacted to CEO Elon Musk’s announcement that he is forming a new political party in the United States, deepening his rift with former President Donald Trump. The dip in Tesla’s stock was first observed in Frankfurt trading, with further declines expected when U.S. markets…
By Ayomide Otitoju The Dangote Petroleum Refinery is poised to become a major tool in Nigeria’s fight against inflation, according to a report by Financial Derivatives Company (FDC) Limited. Presented during the July edition of the Lagos Business School Executive Breakfast Session, the report by FDC CEO Bismarck Rewane highlighted the refinery’s role in reducing…
Leaders of the BRICS bloc—comprising Brazil, Russia, India, China, South Africa, and six other emerging economies—used their summit on Sunday to issue a pointed rebuke of what they described as “indiscriminate” unilateral tariffs and recent US-Israeli military strikes on Iran, signaling deepening tensions with Washington. Although the joint communiqué avoided naming US President Donald Trump…
By Ayomide Otitoju The Olubadan of Ibadanland, Oba Owolabi Olakulehin, has passed away at the age of 90. Family sources confirmed to the monarch died in the early hours of Monday, just days after celebrations marking his 90th birthday and the first anniversary of his ascension to the throne. Oba Olakulehin was installed as the…
By Ayomide Otitoju President Bola Tinubu has called for a comprehensive overhaul of global governance, financial systems, and healthcare structures to promote equity and inclusion for low-income and emerging economies, especially in Africa. Speaking at the 17th BRICS Summit in Rio de Janeiro, Brazil, on Saturday, Tinubu underscored the urgent need to address environmental degradation,…
By Ayomide Otitoju Former Labour Party presidential candidate, Peter Obi, has confirmed he will contest for the presidency in the 2027 general election, putting to rest speculation about a potential alliance with Atiku Abubakar of the Peoples Democratic Party (PDP) as his running mate. “I’m going to contest for the President of the Federal Republic…
California’s largest wildfire of the year, dubbed the “Madre Fire,” has ravaged more than 70,000 acres in San Luis Obispo County since it broke out on Wednesday, prompting evacuations and intensifying concerns about federal firefighting support. According to Cal Fire, over 600 firefighters and 40 fire engines have been deployed to contain the blaze, which…
By Ayomide Otitoju Kano State Governor Abba Kabir Yusuf has named former Super Eagles captain Ahmed Musa as the new General Manager of Kano Pillars Football Club, in a sweeping shake-up of the club’s leadership announced Friday. The appointment, confirmed by the governor’s spokesperson Sanusi Tofa, follows the expiration of the outgoing board’s one-year term….
By Ayomide Otitoju Federal Capital Territory Minister Nyesom Wike has dismissed recent claims by former Rivers State Governor Rotimi Amaechi that he is being disrespected, asserting that “respect is earned through integrity, not age or position.” Speaking Friday on Channels TV’s Politics Today, Wike described Amaechi’s comments as “unfortunate” and questioned his former mentor’s credibility….
