TikTok Denies Report of Potential US Sale to Elon Musk as “Pure Fiction”
TikTok has dismissed claims that Chinese officials are considering selling the social media platform’s U.S. operations to Elon Musk’s X platform, calling the report “pure fiction.” The denial follows a Bloomberg report alleging that China might allow the sale of TikTok’s U.S. operations if the Supreme Court upholds a January 19 deadline mandating a divestiture […]
Apple Rejects Proposal to End Diversity, Equity, and Inclusion Programs Amid Conservative Pushback
Apple’s board of directors has urged shareholders to vote against a proposal to eliminate its Diversity, Equity, and Inclusion (DEI) initiatives, a move pushed by the conservative National Center for Public Policy Research (NCPPR). The NCPPR argues that DEI policies create “litigation, reputational, and financial risks” for companies. Apple’s leadership countered the proposal in a […]
NNPCL Reduces Petrol Price to ₦899 Per Litre Amid Festive Relief
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦1,020 to ₦899 per litre. Dr. Joseph Obele, National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), confirmed the price adjustment, citing official documentation […]
Marketers Urge Dangote Refinery to Boost Vessel Supply for Greater Impact of Fuel Price Reduction
Following the reduction of its ex-depot petrol price to N899.50 per litre from N970, and the subsequent drop in pump prices at some filling stations to N939.50, major oil marketers have called on Dangote Refinery to prioritize supplying petrol via vessels to amplify the price reduction’s impact on the market. Marketers lifting petrol from the […]
Amazon Workers Launch Strike Amid Holiday Rush Over Union Contract Disputes
Thousands of Amazon employees are set to strike on Thursday morning, targeting the company during the critical final days of the holiday season. The walkout comes in response to Amazon’s refusal to negotiate union contracts, union officials say, and could disrupt operations at a pivotal time for the retail giant. The strike will affect key […]
Dangote Refinery Denies $1B NNPCL Loan Amid Liquidity Crisis
The Dangote Petroleum Refinery and Petrochemicals (DPRP) has dismissed allegations that the Nigerian National Petroleum Company Limited (NNPCL) provided a $1 billion loan to the refinery during a liquidity crisis. In a statement on Wednesday, Anthony Chiejina, DPRP’s Chief Branding and Communications Officer, described the claim as a distortion of facts. “$1 billion represents just […]
Dangote Refinery Begins Exporting Petrol, Diesel, and Jet Fuel Globally
The Dangote Refinery has officially begun exporting Premium Motor Spirit (petrol) to several countries, including Cameroon, Ghana, Angola, and South Africa. In addition to petrol, the refinery is also sending diesel and jet fuel to international markets, including Europe. Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared the news during […]
Mauritius Orders Arrest of Former Central Bank Governor Amid Fraud Probe
Mauritian police have issued an arrest warrant for Harvesh Kumar Seegolam, the country’s former central bank governor, as part of an investigation into a conspiracy to defraud. This marks a significant move by the anti-money laundering unit under the new administration of Prime Minister Navin Ramgoolam. The development follows accusations by Ramgoolam that the previous […]
Prominent Real Estate Brothers Arrested on Federal Sex Trafficking Charges
Alon, Oren, and Tal Alexander, well-known real estate moguls, have been arrested on federal sex trafficking charges, New York prosecutors announced Wednesday. According to an indictment unsealed in New York, the Alexander brothers conspired over a decade-long period to “repeatedly and violently drug, sexually assault, and rape dozens of women.” They were arrested in Miami […]
New CFPB Rule to Cap Overdraft Fees Could Save Customers $5 Billion Annually
The Consumer Financial Protection Bureau (CFPB) finalized a rule on Thursday that could save banking customers up to $5 billion per year by capping overdraft fees at $5 for many accounts, significantly reducing the typical $35 fee charged by banks. Rohit Chopra, the CFPB director, told ABC News that the rule could save the average […]
