Judge Orders Liquidation of Alex Jones’ Personal Assets for Sandy Hook Families
A judge has ordered the liquidation of Infowars host Alex Jones’ personal assets, paving the way for potential payouts to the families of the victims of the 2012 Sandy Hook mass shooting. However, US Bankruptcy Judge Christopher Lopez ruled against liquidating Jones’ company, Free Speech Systems, which owns the Infowars brand. The families have won […]
Tesla Shareholders Endorse Elon Musk’s $56 Billion Compensation Package Amid Controversy
Tesla shareholders have endorsed a record-breaking compensation package for CEO Elon Musk and approved the relocation of the company’s legal headquarters to Texas. This development marks a significant victory for Musk, who had vigorously campaigned for the payout, potentially worth up to $56 billion (£43.9 billion) depending on Tesla’s share price. Earlier this year, a […]
US Expands Sanctions on Russia Ahead of G7 Summit
The US has expanded its sanctions on Russia, intensifying restrictions on banks engaged with sanctioned entities. This move builds on a December program targeting foreign banks aiding Russia’s war effort in Ukraine. The new measures also include sanctions on the Moscow Stock Exchange, which halted trading in dollars and euros as a result. President Joe […]
OPEC+ Expected to Extend Oil Cuts Through 2024 and Into 2025
OPEC+ is expected to agree on Sunday to extend its significant oil output cuts into 2024, and possibly 2025, according to two OPEC+ sources. The decision aims to stabilize the market in the face of weak global demand growth, high interest rates, and increasing U.S. production. Currently, oil prices hover around $80 per barrel, which […]
Binance Executive Slumps During Trial at Federal High Court
The trial of Tigran Gambaryan, a detained executive of Binance, took a dramatic turn at the Federal High Court in Abuja when the defendant slumped in court on Thursday. As proceedings resumed, Gambaryan failed to enter the dock when called upon by the court registrar for the continuation of the trial, remaining seated at the […]
DOJ and State AGs Take on Live Nation in Competition Lawsuit
The US Justice Department (DOJ) is preparing to file a competition lawsuit against entertainment giant Live Nation, potentially as early as Thursday, according to multiple sources familiar with the matter who spoke to CBS News, the BBC’s US partner. Prosecutors are expected to challenge the business practices of Live Nation, the parent company of Ticketmaster. […]
Binance CEO Accuses Nigerian Govt Officials of Bribery Attempt Amid Investigation
Allegations of bribery have surfaced as Richard Teng, the Chief Executive Officer (CEO) of Binance, claimed that Nigerian government officials sought a bribe from the company to halt an ongoing investigation. In a blog post published on Tuesday, Teng disclosed that Binance had encountered government officials in Abuja on January 8, where the company was […]
CBN Directs Banks to Implement 0.5% Cybersecurity Levy on Transactions
The Central Bank of Nigeria (CBN) has issued a directive instructing deposit money banks (DMBs) and other financial institutions in the country to commence the implementation of a 0.5% cybersecurity levy on electronic transactions. In a circular dated May 6, 2024, addressed to all commercial, merchant, non-interest, and payment service banks, as well as mobile […]
VP Shettima’s Faulty Aircraft Forces Change in Plans for US-Africa Business Summit
Vice President Kashim Shettima, initially slated to represent President Bola Tinubu at the 2024 US-Africa Business Summit hosted by the Corporate Council on Africa, faced an unexpected detour due to a technical fault with his aircraft. Scheduled to convene from May 6 to May 9, 2024, the high-profile summit at the Kay Bailey Hutchison Convention […]
Oil Marketers Dispute NNPC’s Logistic Challenges Amidst Nationwide Fuel Scarcity
The fuel scarcity gripping Nigeria has escalated as oil marketers dispute the Nigerian National Petroleum Company Limited’s (NNPCL) claims of logistic challenges responsible for the low supply of petroleum products across the nation. Fresh petrol scarcity reemerged last Wednesday and has since worsened, sending prices soaring in Lagos and other parts of the country. Before […]
