Author: Elizabeth Jenrola Oso

Elon Musk’s SpaceX is considering a tender offer that would allow employees and early investors to sell their shares, valuing the rocket company at approximately $350 billion, according to recent reports.This substantial increase represents a significant leap from its previous valuation of $210 billion after a similar tender offer concluded in June. Terms and Participants The terms of the tender offer are still subject to change and will depend on the level of interest from potential participants. SpaceX has declined to comment on the matter, but if the proposed valuation of $350 billion is maintained, it would establish SpaceX as…

A fire outbreak has razed a section of Queen Elizabeth Hall, a female students’ hostel at the University of Ibadan, in the early hours of Thursday. Queen Elizabeth Hall is the first female hostel of the school. The fire affected administrative sections, including the office of the Hall Warden and the Secretary. Firefighters from the university reportedly prevented the fire from spreading further. Upon investigation, this reporter observed that only the office of the Warden and the office of the Secretary of the Warden were affected. She noted that efforts are ongoing to assess the extent of the damage and…

The Defence Headquarters (DHQ), on Thursday, revealed that over 500 known and wanted leaders and commanders of terrorist groups, violent extremist organizations, and criminal gangs have been neutralized in battlefield operations from January to December 2024. This was as the DHQ also disclosed that the military, in collaboration with other security agencies, has heightened its state of readiness to ensure that no terrorist group or criminal element disrupts peace and security during the festive season.The Director of Defence Media Operations, Major General Edward Buba, pointed out that many of the neutralized commanders, particularly those listed in official media and government…

An 11-year-old Primary 6 pupil of Owiwi Nursery and Primary School, Obada Oko, Ogun State, Idera Alao, has lost one of her eyes in a classroom incident that involved her teacher, Adeola Adeyemo. The Ogun State Police Command confirmed the incident in a statement on Wednesday, adding that the teacher had been arrested. According to the spokesperson of the Command, SP Omolola Odutola, Adeyemo, a 400-level student of Tai Solarin University of Education, Ijebu Ode undergoing her teaching practice programme at the school, was holding a cane in the classroom when Alao ran into it. Odutola said the cane pierced…

A ravaging fire has gutted the residence of award-winning Nollywood actress, Mercy Aigbe, destroying valuable possessions in Lagos. The inferno, which swept through the actress’ multi-million naira property, reduced her belongings to ashes. Taking to her official Instagram page on Wednesday night, Aigbe expressed her gratitude that no lives were lost in the fire. The film star also shared a video post, writing: “Devastated, but I thank God no life was lost. It is well.” The cause of the fire outbreak however remains unknown. Aigbe’s post drew an outpouring of support from fans and colleagues, who offered condolences and well-wishes.The…

Retired soldiers under the group of Coalition of Concerned Veterans (CCV) protesting over non-payment of the 20 percent and 28 percent increment for 11 months in the Federal Capital Territory, Abuja have said they will not leave the Federal Ministry of Finance gate except they see credit alerts. The protesters, who stayed up all night, told NEW DAILY PRIME that they had bought chains and padlocks to lock up the gate. The ex-servicemen who shut down activities at the Federal Ministry of Finance with music, displayed banners and carried different placards and inscriptions on Wednesday. Among other demands by the…

….Tells Police she was suffering ‘extreme stress’ from divorce A 31-year-old mother has handed herself over to the authorities for sexually abusing her children. Keirsten White of Opelousas in central Louisiana, has been charged with first-degree rape, sexual battery, two counts of indecent behaviour with juveniles, and two counts of cruelty to juveniles. Earlier in the week, White entered the St. Landry Parish Jail and confessed that she sexually and physically abused her children, both under the age of 4. Detectives opened an investigation and with the cooperation of White, determined her claims to be true and she was promptly…

The Federal Road Safety Corps (FRSC) has reacted to a viral video showing a Deputy Route Commander, allegedly driving under the influence of alcohol. FRSC Corps Marshal, Malam Shehu Mohammed, in a statement by Olusegun Ogungbemide, the Assistant Corps Marshal (ACM), Corps Public Education Officer, (CPEO), said on Wednesday in Abuja, that the incident occurred in 2018. Mohammed said the case had been promptly investigated and disciplinary actions taken against the officer. He condemned the officer’s behaviour, emphasizing FRSC’s commitment to discipline among its personnel. “The FRSC is an organization that upholds discipline amongst its personnel, whether in uniform or…

Legendary American rapper, Snoop Dogg, real name Calvin Broadus has opened up about the most extravagant gift ever bestowed upon his daughter, Cori Broadus. In a recent interview, Snoop Dogg was questioned about the extravagant gift he bestowed upon his daughter, which was revealed to be a $1 million gift for her upcoming wedding. His revelation left the presenter stunned, as she had previously speculated that the gift was a G-Wagon. It’s worth noting that Snoop Dogg’s daughter, Cori Broadus, got engaged to her longtime boyfriend, Wayne Duece in November 2023. Cori announced her engagement to Wayne on Instagram few…

The Lagos State High Court sitting in Ikeja has sentenced a couple, Harry Uyanwanne and Kristein Uyanwanne to 16 years in prison for defrauding individuals of N52 million. Their church, the Temple International Church, was also ordered to be deregistered and closed for its role in the fraud. Justice Mojisola Dada delivered the verdict on Wednesday, convicting the couple of charges including stealing, dishonest conversion, false presentation, and fraud. The Economic and Financial Crimes Commission (EFCC) had brought a seven-count charge against the duo and their church. The EFCC alleged that the defendants used the guise of religious activities to…