Elon musk takes back world's richest man title after gaining almost $10 bilion in a day

Billionaire, Elon Musk bounced back strongly to become the world’s richest man after a daily gain of $9.81 billion on Wednesday, February 24.

Tesla, Musk's company surged back to $190 billion, after the electric car company’s shares recorded impressive gains of 6.18%, thereby putting the market value of Tesla at $712 billion coupled with the SpaceX he founded completing another funding round, pushing him atop the Bloomberg Billionaires Index for the third time in 2021.

The gains pushed Musk past Amazon founder, Jeff Bezos, who is now worth $185 billion and had a few days ago reclaimed the title as the world’s richest person after Tesla shares plunged to record levels.

Tesla Inc stocks were on a record buying spree at Wednesday’s trading session, indicating that global investors are buying the dip following a four-day plunge that erased the world’s most valuable car company year-to-date gains.

Recent reports say SpaceX raised another $850 million this month from a group of leading institutional investors led by Sequoia Capital.

Such investment now puts SpaceX’s valuation at $74 billion, a 60% jump from August, and helped boost Musk’s net worth by about $11 billion, according to the index.

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NAPTIP arrests Islamic teacher for sexually exploiting 16 year old student in Maiduguri

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) Maiduguri Zonal Command, has arrested a 28-year-old Islamic teacher over alleged sexual exploitation of a 16-year-old student. A statement issued by the agency on Thursday, August 5, said the suspect, Yanga Abdullahi of Maura ward, is a teacher at Darul-Arqam Islamiyya school, Maiduguri, the Borno State capital. "The suspect sexually exploited a 16-year-old girl of Mairi Kuwait area, Maiduguri, Borno State. She is a student of the suspect at Darul-Arqam Islamiyya school Maiduguri." the statement read.

NBA Youngboy now a father of 7 at age 21 after welcoming child with Yaya Mayweather

NBA YoungBoy, who turned 21 in October 2020, has welcomed his 7th child already. The Baton Rouge, Louisiana-born rapper welcomed his 7th child with Yaya Mayweather, the 20-year-old daughter of Floyd Mayweather Jr. Back in October, Yaya’s father, Floyd Mayweather Jr., confirmed that his daughter and NBA YoungBoy were expecting their first child, saying: "I just want the best for my daughter, always want the best. If that makes her happy, then we’re happy, me and her mother are happy." Just last year, on November 26, while awaiting the birth of his seventh child, Youngboy welcomed his 6th child with actress Drea Symone. His 6th and 7th children are less than 2 months apart in age. YoungBoy, whose real name is Kentrell DeSean Gaulden, began having kids as a teenager. Most of his kids are really close in age. At age 18, he already had 4 kids (read here ). In total, the 21-year-old rapper has 5 sons...

Pres. Buhari’s poverty alleviation, job creation programmes are the best in Nigerian history — Lai Mohammed

President Muhammadu Buhari’s N75 billion National Youth Investment Fund (NYIF), among other initiatives targeted at creating jobs for the youths and alleviating poverty among women and vulnerable groups remain the best in the history of the country, the federal government has said. The Minister of Information and Culture, Lai Mohammed, stated this in Kaduna at a meeting of the Northern Governors Forum with traditional rulers on the aftermath of the #EndSARS protest. “No government in the history of this country has ever methodically and seriously put in place measures aimed at addressing poverty alleviation and creating jobs for youths like this administration,” he said.

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