Oluwatosin Ogunjuyigbe

1 week ago | businessday.ng | Oluwatosin Ogunjuyigbe

Billionaire Tesla CEO Elon Musk is leaving the Trump administration after leading a tumultuous efficiency drive, during which he upended several federal agencies, but ultimately failed to deliver the generational savings he had sought. His “off-boarding will begin tonight,” a White House official told Reuters late Wednesday, confirming Musk’s departure from government.

1 week ago | businessday.ng | Oluwatosin Ogunjuyigbe

A U.S. trade court blocked President Donald Trump’s tariffs from going into effect in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners. The Court of International Trade said the U.S. Constitution gives Congress exclusive authority to regulate commerce with other countries that is not overridden by the president’s emergency powers to safeguard the U.S. economy.

1 week ago | businessday.ng | Oluwatosin Ogunjuyigbe

The Economic Community of West African States (ECOWAS) faces growing threats of terrorism, climate change, military coups, and poverty, its most senior official said on Wednesday as leaders marked 50 years since the bloc’s formation in Nigeria. Jihadist violence has surged this year in Nigeria and the Sahel region, including Burkina Faso, Mali, and Niger – nations that have recently seceded from ECOWAS in protest over sanctions following military coups.

1 week ago | businessday.ng | Oluwatosin Ogunjuyigbe

Real Madrid, whose revenues have been supercharged by the revamp of its Santiago Bernabéu stadium, has seen its valuation pull away from its major rivals. The Spanish club was worth €6.3 billion ($7.1 billion) as of January, a 23% year-on-year increase, Football Benchmark said in its latest annual report. The valuation is comparable to the biggest names in US sport.

1 week ago | businessday.ng | Oluwatosin Ogunjuyigbe

Ngugi wa Thiong’o, one of Kenya’s most famous authors and a giant of African literature, passed away on Wednesday at age 87. His daughter broke the news on X. “It is with a heavy heart that we announce the passing of our dad, Ngugi wa Thiong’o this Wednesday morning,” wrote Wanjiku Wa Ngugi. “He lived a full life, fought a good fight,” she added. Ngugi became famous not just for his writing, but for a revolutionary decision he made.