Nigeria News (Standard)
Elon Musk Becomes World’s First Trillionaire as SpaceX IPO Surges Past $2 Trillion Valuation
Historic milestone prompts fresh look at how John Jacob Astor and John D. Rockefeller set early wealth records
Historic milestone prompts fresh look at how John Jacob Astor and John D. Rockefeller set early wealth records
Elon Musk has become the first person in human history to attain a net worth above $1 trillion, following the public listing of SpaceX on the US stock market. The development, confirmed by Forbes estimates on Saturday, places the Tesla and SpaceX chief executive far ahead of any previous record-holder for personal wealth globally.
The milestone was reached after SpaceX’s debut on Wall Street under the ticker SPCX saw investor demand drive the company’s valuation above $2 trillion. This surge added hundreds of billions of dollars to Musk’s existing fortune, which is also tied to his holdings in Tesla and recent ventures in artificial intelligence through xAI.
Financial analysts say the achievement marks a new era for global entrepreneurship, given that much of Musk’s wealth is rooted in forward-looking technology sectors rather than traditional industries. “Musk’s leap to trillionaire status shows just how fast innovation can translate into real value in today’s markets,” Lagos-based investment analyst Chinedu Okoro said by phone on Saturday.
To put this feat in context, historians point out that John Jacob Astor was widely regarded as the world’s first millionaire after making his fortune in fur trading and New York real estate during the early 1800s. By the time of his death in 1848, Astor had amassed more than $20 million—a vast sum at a time when most workers earned only a few hundred dollars each year.
Similarly, oil magnate John D. Rockefeller became the world’s first billionaire in 1916 through his Standard Oil empire. His fortune, exceeding $1 billion at the time, would be worth tens of billions today when adjusted for inflation. Some economic historians maintain that Rockefeller remains one of the richest individuals ever relative to the size of the global economy during his lifetime.
While neither Astor nor Rockefeller operated within Nigeria or Africa, their legacies are closely studied by Nigerian business leaders for lessons on long-term wealth creation and strategic investment. Experts say Musk’s success may inspire more Nigerian entrepreneurs to focus on technology sectors such as fintech, space technology, and artificial intelligence.
With global attention fixed on Musk’s latest achievement, observers expect continued debate over how future-forward innovation could reshape patterns of wealth both internationally and within Nigeria.
Nigeria News (Standard)
Delta Police Arrest Two Suspected Cable Vandals in Ndokwa West
One suspect hospitalised after attempted escape as police recover stolen electric cables along Ibabu–Ugiliamai Road
One suspect hospitalised after attempted escape as police recover stolen electric cables along Ibabu–Ugiliamai Road
Operatives of the Delta State Police Command have arrested two individuals suspected of vandalising electric cables in Ndokwa West Local Government Area on Tuesday, 25 June. The suspects were apprehended around 10:30pm along the Ibabu–Ugiliamai Road following a joint operation involving officers from Kwale Police Station and members of the local vigilante group.
According to a statement issued by Delta State Police Public Relations Officer, SP Bright Edafe, the security team acted swiftly on credible intelligence that some persons were removing and stealing electric cables in the area. Upon sighting law enforcement, the suspects attempted to flee the scene, resulting in one of them sustaining injuries during the pursuit. The injured suspect is currently receiving medical attention, while the other is in police custody.
Cable vandalism has become a significant concern in Delta State and across Nigeria, often leading to prolonged power outages and financial losses for communities. The state government has repeatedly called for increased vigilance by residents and closer collaboration with security agencies to combat such crimes.
SP Edafe stated that investigations are ongoing to determine if other individuals are involved in the syndicate. “We urge members of the public to continue providing timely information that can help us protect public infrastructure,” Edafe said in Thursday’s press release.
The police command assured residents that efforts will be intensified to prevent further incidents of cable theft in Ndokwa West and neighbouring communities. Authorities also reminded residents that anyone found engaging in vandalism or aiding such activities would face prosecution according to Nigerian law.
Source: https://guardian.ng/news/nigeria/metro/delta-police-arrest-two-suspected-cable-vandals/
Nigeria News (Standard)
Trump Claims US Military Strikes in Borno Prevented Mass Killing of Christians by ISWAP
Former US president says American intervention curbed attacks; Nigerian government yet to issue official response
Former US president says American intervention curbed attacks; Nigerian government yet to issue official response
Former United States President Donald Trump has stated that military strikes authorised by his administration in Borno State helped prevent the mass killing of Christians by militants linked to Islamic State West Africa Province (ISWAP). Trump made this assertion on Friday during an event held in Washington, where he defended his decision to target terrorist groups operating in Nigeria’s North-East region.
According to Trump, the US military operations significantly reduced attacks on Christian communities in Borno and neighbouring states, which had been facing repeated assaults from ISWAP fighters. He said, “As you know, we recently struck Nigeria and largely ended the slaughter of great Christian populations. They have a great Christian population. They were being butchered—thousands and thousands of people were being killed, children, women, old people, just being slaughtered, hacked to death.”
Trump added that the American intervention sent a strong warning to the militants responsible for these attacks. He claimed the strikes discouraged further violence against religious minorities in the region. The former president did not provide specific details regarding the timing or scale of the US operations referenced.
The Nigerian government and security agencies are yet to release any official statement confirming the reported strikes or commenting on Trump’s claims as at press time. In previous years, Borno State and other parts of North-East Nigeria have witnessed repeated attacks targeting both Muslim and Christian communities by various armed groups, including ISWAP and Boko Haram.
Security analysts say international military cooperation is often conducted discreetly and that foreign involvement in counter-insurgency operations can carry both diplomatic and security implications for Nigeria. The opposition could not be immediately reached for comment regarding Trump’s statements.
Nigeria News (Standard)
Former Super Eagles Coach Adegboye Onigbinde Laid to Rest in Modakeke, Osun State
Onigbinde, who led Nigeria to the 2002 FIFA World Cup, remembered for his legacy in Nigerian football
Onigbinde, who led Nigeria to the 2002 FIFA World Cup, remembered for his legacy in Nigerian football
Adegboye Onigbinde, the former head coach of the Super Eagles, was buried on Saturday in Modakeke, Osun State. The burial ceremony drew family members, friends, and football stakeholders who came together to pay their last respects to the veteran tactician.
Onigbinde’s funeral was held at his hometown of Modakeke, marking the end of an era for one of Nigeria’s most respected football coaches. Attendees described him as a disciplinarian and a mentor whose contribution to Nigerian football development spanned decades. Many local residents and members of the football community gathered to honour his memory.
Onigbinde rose to national prominence when he managed the Super Eagles at the 2002 FIFA World Cup. He is credited with nurturing young talent and promoting professionalism in Nigerian football. His death is considered a significant loss by many in the sports fraternity, particularly those from Osun State and across the South-West geopolitical zone.
Though details of official statements were not available at press time, tributes have continued to pour in from fans and former players who worked with Onigbinde during his long career. They praised his dedication and commitment to raising the profile of Nigerian football on the world stage.
As Nigerians reflect on Onigbinde’s enduring legacy, sports analysts note that his impact will continue through coaches and players he mentored over the years. The Nigerian Football Federation is expected to organise further commemorative events in honour of his service.
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