Author: straightnewsng.com

Elon Musk has overtaken Bill Gates to become the world’s second richest man as Tesla’s share price continues to soar. The electric car company’s value has risen following the announcement that it would join the S&P 500 index, and was valued at $521.49 (£390.20) a share ahead of Tuesday’s trading on Wall Street. It meant that Mr Musk, 49, is now worth more than $128 billion (£95bn) as he owns 20% of all of the company’s shares, which have risen by more than 675% since 25 November last year, when they were valued at $67.27 (£50.33) each. A 3% rise…

Nigeria Centre for Disease Control has confirmed 168 new COVID-19 infections in the country. NCDC via its Twitter on Tuesday stated “On the 24th of November 2020, 168 new confirmed cases and 1 death were recorded in Nigeria. “The 168 new cases are reported from 10 states- FCT (61), Lagos (50), Kaduna (27), Oyo (12), Rivers (6), Katsina (5), Ogun (3),Kwara (2), Edo (1), Kano (1).” On the caseloads of the pandemic, the health agency noted “Till date, 66,607 cases have been confirmed, 62,311 cases have been discharged and 1,169 deaths have been recorded in 36 states and the Federal…

The secretary to billionaire UK businessman, Matthew Moulding has retired after giving    his staffers £21 million. Moulding landed a gigantic £830 million payout after going public with his company- The Hut Group. The 48-year-old, who launched his company with John Gallemore in 2004, has amassed a lot of wealth over the last 16 years. Moulding first started out selling CDs online but now has a huge range of more than 100 websites focused on health and beauty. His firm also sells a range of goods, from cosmetics to protein supplements, as well as being the force behind brands like…

Snapchat has unveiled a new curated short-form video feed in a stepped up challenge to social media rivals like TikTok. The new format called Spotlight will allow Snapchatters to see content from influencers and other members of the network popular with young smartphone users. Spotlight is aimed at broadening the connections among Snapchat users by enabling anyone to create a video that gets distributed on the platform. It aims to encourage more users to create short-form video “snaps” which can be embellished with filters and augmented reality effects. Parent firm Snap describes Spotlight as a “new consumption experience” for the…

Apple has accepted to pay $113 million to settle litigation with more than 30 states in the United States over its slowdown in the performance of older iPhones to managing battery power. The latest “batterygate” settlement will divide the settlement among California and 33 other states, according to a statement by state Attorney General Xavier Becerra. The settlement resolves complaints that the tech giant made misrepresentations about iPhone batteries and software updates that throttled processing performance to manage insufficient battery power, according to the state official. “Apple withheld information about their batteries that slowed down iPhone performance, all while passing it off…

Some youths are in intense manhunt for the fleeing suspect over the gruesome murder of a local businessman in Okon town, Ikot Abasi Local Government Area of Akwa Ibom state. The murder of one Clement Monday Isaiah by one Kokoette Sunday Philips, a local hunter, now at large, has sparked violence in the community. According to family sources, Philips resorted to murdering his kinsman after a heated argument near their individuals’ compounds in Okon village. “Both the suspect and the deceased were having some arguments over issues which they could not resolved amicably and the suspect had to run to…

A High Court in Uyo, Akwa Ibom capital has issued a Bench Warrant for the arrest of a Professor of the University of Uyo, Akwa Ibom State over his alleged involvement in electoral fraud during the 2019 general elections. Professor Ignatius Uduk is accused of trying to rig the 2019 Akwa Ibom North-West Senatorial District election. The HOD Voter Education, Odaro Aisien made this known in a statement signed on Monday. “The Independent National Electoral Commission (INEC) after several unsuccessful attempts to serve the Professor with the summons to appear before the Court in Charge No.HU/240C/2020, the Independent National Electoral…

As United Kingdom Parliament opened Monday, its members took a swipe at the President Muhammadu Buhari administration for the attack and intimidation of protesters who took part in the #EndSARS demonstrations. The members sought sanctions on government officials and security agents such as visa ban, freezing of assets, and stopping the funding and training for the Nigeria Police Force. The debate was sequel to a petition started by Silas Ojo which had garnered over 200,000 signatures. The debate by members of the Petitions Committee, which took place at the Westminster Hall,  kicked off with Theresa Villiers, a member of the…

Despite threats of sanction from the Federal Government over its investigative report on the shootings at Lekki Poll Plaza during the #EndSARS protests, CNN has released a second report on the incident. In the first report, CNN shows in the footage the arrival of Nigerian soldiers at the scene, shooting of protesters and cartridges left after shooting by the soldiers. The fresh report also shows protesters running as soldiers open fire at the tollgate. The Minister of Information and Culture, Lai Mohammed, had last week described CNN’s report on the Lekki shootings as poor journalism, adding that the network deserved…

Russia’s Sputnik V COVID-19 vaccine is 95 percent effective according to a second interim analysis of clinical trial data, its developers said on Tuesday. The two-dose vaccine will be available on international markets for less than $10 (8.40 euros) per dose, they said, and will be free for Russian citizens. It can be stored at between two and eight degrees Celsius (between 35.6 and 46.4 degrees Fahrenheit), they said, instead of the temperatures below freezing required for some other vaccines. The calculations of its effectiveness were based on preliminary data obtained 42 days after the first dose, Russia’s health ministry,…