Business
Bitcoin and Dollar Rise Again With Donald Trump’s Win In Election
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
Business
Meta Reaches Settlement with Trump and Moves Closer to His Political Circle
In a notable legal development, Meta Platforms, the head company of Facebook and Instagram, has agreed to pay $725 million to settle a lawsuit alleging that the social media giant allowed millions of users’ personal information to be accessed by Cambridge Analytica, a firm that supported Donald Trump’s 2016 presidential campaign.
This settlement comes during a series of actions by Meta that appear to align the company more closely with former President Trump and his administration.
Recently, Meta appointed Joel Kaplan, a former aide to President George W. Bush and a prominent Republican figure, as its new head of global policy, replacing Nick Clegg.
Additionally, Meta CEO Mark Zuckerberg announced the end of Facebook’s third-party fact-checking program, acknowledging that the model had become a tool for censorship and had made “too many mistakes.”
Business
PETROAN and Dangote Refinery Team Up to Improve Gas and Fuel Distribution
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has emphasized the importance of issuing gas distribution licenses to petroleum marketers as a key step in reshaping Nigeria’s oil and gas industry.
In a statement released on Tuesday, PETROAN’s spokesperson, Joseph Obele, mentioned the significance of the move. The National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had granted these licenses to oil marketers on the same day.
PETROAN further explained that these licenses were crucial to ensuring the success of Nigeria’s gas expansion plans, which are part of the broader vision of President Bola Ahmed Tinubu’s administration.
The statement outlined that licensees were expected to use their new authorization to contribute to the nationwide distribution of gas, with the goal of covering all 774 local government areas across the country.
In another important development, PETROAN also announced a strategic partnership with Dangote Refinery and MRS, aimed at enhancing the distribution of petroleum products across the nation.
This collaboration is set to provide Nigerians with more value for their money when purchasing Premium Motor Spirit (PMS), while also addressing price disparities by factoring in transportation costs.
Business
Trump Confirms Microsoft is in Talks to Buy TikTok
On Monday, former US President Donald Trump revealed that Microsoft is in talks to acquire TikTok, as the app’s future in the United States remains uncertain.
TikTok has been under pressure due to a US law requiring the app to separate from its Chinese parent company, ByteDance, or face a potential ban in the country. Trump was asked by reporters if Microsoft was in negotiations to buy the popular app, to which he confirmed, saying, “I would say yes.”
He also noted that there is significant interest in TikTok, adding, “There’s great interest in TikTok.” Trump suggested that a bidding war for the app could also be a positive development.
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