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Musk Denies His AI Company Secures $500m Out Of $1bn Funding Goal

Musk Denies His AI Company Secures $500m Out Of $1bn Funding Goal

Famous South African business mogul, Elon Musk has said a report that claimed his artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate. A $15…

Bloomberg Forecast More Naira Decline In 2024

Bloomberg Forecast More Naira Decline In 2024

Analysts have predicted further depreciation in Nigeria’s Naira in 2024, according to Bloomberg reports. The naira dipped 55% this year to 1,043 per dollar as of Thursday, December 28 making it the world’s worst performer…

SpaceX Value Closer To $180bn In Tender Offer

SpaceX Value Closer To $180bn In Tender Offer

Elon Musk’s space and satellite company, SpaceX has disclosed that it will sell insider shares at $97 apiece in a tender offer, a price increase that boosts the value of the company closer to $180…

Nigeria’s Inflation May Hit 30% – Bank Of America

Nigeria’s Inflation May Hit 30% – Bank Of America

The Bank of America (BOA) on Tuesday hinted that the Monetary Policy Committee of the Central Bank of Nigeria (CBN) may need to increase interest rates by at least 700 basis points before the end…