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Tinubu welcomes new Qatari investment initiatives in Agric

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Tinubu welcomes new Qatari investment initiatives in Agric

President Bola Tinubu has affirmed Nigeria’s openness to strategic partnerships with Qatar during a high-level diplomatic meeting at the State House on Friday.

Tinubu hosted Dr Mohammed bin Abdulaziz Al-Khulaifi, Qatar’s Minister of State for Foreign Affairs, who arrived as a special envoy from the Amir of Qatar.

During the meeting, Al-Khulaifi announced that a delegation of Qatari business leaders will visit Nigeria in the coming weeks to explore opportunities in agriculture, food security, and other strategic sectors.

According to presidential spokesperson Bayo Onanuga, the visit builds on the momentum generated by President Tinubu’s state visit to Qatar earlier in 2024.

He quoted Tinubu as telling his guests, “I am also glad that the Amir of Qatar greatly remembers the issues discussed during my visit last year.

“Let me commend the brotherly relations between Qatar and Nigeria. The ambassador knows that I take Qatar very seriously. We are willing to go further in our bilateral relations.”

Tinubu also said that the Qatari government had demonstrated maturity and foresight in working for global peace and deserves commendation.

“I am proud of your efforts to bring peace and stability to the world. I see your efforts in human development, peace and prosperity. Like you, we are sandwiched between the challenge of terrorism and helping our neighbours. We are conscious of who our friends are and those helping us to ameliorate the problems,” he said.

L-R: A delegation from the Amir of the State of Qatar, President Bola Ahmed Tinubu, the Chief of Staff to the President, Femi Gbajabiamila, the National Security Adviser, Malam Nuhu Ribadu, Minister of Foreign Affairs, Ambassador Yusuf Tuggar, Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, Minister of Information and National Orientation, Mohammed Idris, Minister of State for Finance, Doris Uzoka-Anite at the State House, Abuja, May 9.

L-R: A delegation from the Amir of the State of Qatar, President Bola Ahmed Tinubu, the Chief of Staff to the President, Femi Gbajabiamila, the National Security Adviser, Malam Nuhu Ribadu, Minister of Foreign Affairs, Ambassador Yusuf Tuggar, Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, Minister of Information and National Orientation, Mohammed Idris, Minister of State for Finance, Doris Uzoka-Anite at the State House, Abuja, May 9.

 

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Tinubu noted ongoing reforms to streamline Nigeria’s tax system, making it easier for foreign investors to do business in the country.

“We are making efforts to reform our tax system. Going by the experiences of the past and the need to depart from old ways, our reforms have been hard. I made tough decisions so that we could grow. We are gradually seeing the light at the end of the tunnel.

“You can’t find a better partner than Nigeria. I always follow the global issues and your efforts. You have to do more in Nigeria to help fight poverty in the humanitarian area. You have done well in developing a knowledge-based economy in Qatar, but what about Nigeria?”

He said Nigeria’s partnership with Qatar can be improved by looking into food sovereignty and economic prosperity.

“We are doing well as much as we can as the leader in Africa. We want to continue to promote good relations with you. We are ready to do whatever we can do from here. We subscribe to peace efforts by your government. There can be no development without peace,” he added.

Tinubu directed his cabinet members, including Senator Abubakar Atiku Bagudu, Minister of Budget and Economic Planning; Mohammed Idris, Minister of Information and National Orientation; and Ambassador Yusuf Maitama Tuggar, Minister of Foreign Affairs, to ensure the timely implementation of all bilateral agreements between the two nations.

In his remarks, the Qatari envoy conveyed the Amir’s desire to strengthen the strategic partnership with Nigeria.

“We are proud of the level of relations we have reached with Nigeria. I am very impressed with our partnership with the country, which is not just government-to-government but also people-to-people.

“Our ambassador has been following up with the projects. We have much to do together in agriculture, food, and petrochemicals. We have some companies telling us that we should create a way for them to come into Nigeria,” he said.

Abdulaziz Al-Khulaifi, whose responsibilities include mediating peace in Africa and the Middle East, said some Qatari companies will visit Nigeria to discuss investment opportunities in agriculture.

“The message I have from His Highness, Amir of Qatar, is that he wants Nigeria to be a strategic partner in Africa,” he added.

Tinubu welcomes new Qatari investment initiatives in Agric

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Facebook, Instagram Global Outage: Over 130,000 Reports as Millions Logged Out

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Facebook, Instagram Global Outage: Over 130,000 Reports as Millions Logged Out

Facebook, Instagram Global Outage: Over 130,000 Reports as Millions Logged Out

NEW YORK/LONDON/SINGAPORE – Meta-owned social media platforms Facebook and Instagram experienced a widespread outage on Friday, June 12, 2026, leaving millions of users across the world unable to access their accounts as the disruption affected the entire ecosystem of Meta-owned services.

The disruption affected Facebook’s main website, mobile application and Messenger service, with many users reporting that they were automatically logged out of their accounts. The trouble appeared to begin on WhatsApp before spreading across Meta’s platforms. Users attempting to access Facebook received error messages including “an unexpected error occurred,” “sorry, something went wrong,” and “Query Error.”

Visitors to Facebook’s website were shown a notice stating that the company was working to resolve the issue. The disruption began at approximately 10:00 AM Eastern Time (2:00 PM GMT) , with users reporting being unable to load feeds or access core features on affected platforms.

According to outage-tracking platform Downdetector, the scale of the disruption was substantial. Facebook recorded over 130,000 user reports at its peak, while Instagram logged approximately 9,500 complaints. Reuters reported more than 62,000 complaints for Facebook and over 8,000 for Instagram during the peak of the disruption.

Reports of the outage quickly flooded social media platform X, formerly Twitter, as users turned to the site to confirm whether others were experiencing similar problems. While Facebook and Instagram were the most affected services, WhatsApp and Messenger also experienced significant disruptions.

The outage appeared to be global, with complaints emerging from multiple countries within a short period. The disruption affected users across the United States, United Kingdom, Singapore, Philippines, India, Australia, Canada, South Africa, Spain, Taiwan, Vietnam, and the United Arab Emirates. In Singapore, reports about Facebook spiked on Downdetector at approximately 1:00 PM GMT.

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According to outage-tracking website StatusGator, users in the Philippines, India, Australia, Canada, and the United States also reported issues with Meta’s various applications. In Vietnam, users began reporting problems at approximately 8:40 PM local time, and the issue was reported resolved by approximately 9:20 PM local time.

Meta communications director Andy Stone confirmed the company was aware of the issue. “We’re aware people are currently having trouble accessing our services. We’re working on it,” Stone wrote in a post on X.

The company’s internal status page logged “high disruptions” across its business products, including Facebook Ads Manager, the Messenger Platform, the Messenger API for Instagram, and the WhatsApp Business Platform. Advertisers reported being unable to create or edit ads during the disruption, and Meta apologized “for any inconvenience.”

Notably, while Facebook and Messenger experienced issues, some users reported that InstagramThreads, and WhatsApp remained operational for certain regions or devices. However, many users still reported issues accessing these services depending on their location and device type.

The disruption was not limited to mobile applications. Users attempting to access Facebook and Instagram through web browsers also encountered error messages and were unable to load content normally. Some users reported that Facebook’s mobile app worked while the desktop site displayed errors, highlighting the uneven nature of the disruption.

Meta’s own status page, which is responsible for providing real-time information about platform responsiveness, failed to provide valuable data during the incident. Throughout the disruption period, the page displayed all services as having “no errors detected,” potentially leading users to believe the problem was on their end rather than the platform.

Downdetector’s own website experienced technical difficulties around the same time as the outage, though it was not immediately clear whether the two events were connected. Before becoming unavailable, the platform had logged tens of thousands of error reports within minutes.

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The disruption adds to a series of intermittent outages affecting Meta’s family of apps in recent years. In one major outage in March 2026Facebook and Instagram users across several countries reported being unable to load feeds or access accounts for several hours. A separate disruption earlier that month also affected thousands of users globally.

Prior to 2026, Meta experienced major outages in March 2024, when the entire ecosystem including FacebookInstagramMessenger, and Threads was down for over two hours, with Downdetector recording over 550,000 outage reports. Another similar incident occurred in December 2024, disrupting communication for millions of accounts worldwide.

Meta representatives have stated in both previous instances that the root cause stemmed from internal technical issues, emphasizing that these incidents were independent of each other and completely unrelated to external cyberattacks.

By midday Eastern Time (approximately two hours after the outage began), service was recovering unevenly, region by region. Meta marked some services, such as ad delivery, as resolved, while others remained “in the process of being restored.”

On the consumer side, Facebook was loading closer to normal and Downdetector reports were falling, though some users still saw empty Stories bars, stale feeds, or “Try Again” errors. In Vietnam, the issue was reported resolved by approximately 9:20 PM local time.

The scale of the disruption underscored the central role Meta’s platforms play in global communication and commerce. Even a few hours of downtime ripples through messaging services, business operations, and login authentication systems far beyond the social media feed.

Meta has not yet released an official statement regarding the specific cause of this latest outage as of the time of finalizing this report. The company has not provided an estimated timeline for when all services will be fully restored, though restoration efforts continue to proceed.

This is a developing story. Updates will follow as Meta provides official explanation of the cause and confirms full restoration of all services.

Facebook, Instagram Global Outage: Over 130,000 Reports as Millions Logged Out

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Elon Musk Becomes World’s First Trillionaire After SpaceX IPO Valuation Surge

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Elon Musk Becomes World’s First Trillionaire After SpaceX IPO Valuation Surge

Elon Musk Becomes World’s First Trillionaire After SpaceX IPO Valuation Surge

Elon Musk has officially entered uncharted financial territory after becoming the first individual in history to reach a $1 trillion net worth, following the blockbuster initial public offering (IPO) of SpaceX, which was priced at $135 per share.

The milestone marks a dramatic reshaping of global wealth rankings, driven primarily by the surge in valuation of SpaceX, the aerospace and space exploration company at the center of Musk’s financial empire.

The SpaceX IPO has been described as one of the most significant private-to-public transitions in modern financial history. With shares debuting at $135, investor demand pushed the company’s valuation to unprecedented levels, instantly elevating Musk’s paper wealth. Before the IPO, Musk’s net worth was estimated at approximately $813 billion, already positioning him far ahead of other global billionaires, including Google co-founder Larry Page, whose estimated wealth stood at about $288 billion. Following the listing, Musk’s total fortune is now estimated at just over $1.005 trillion, making him the world’s first confirmed trillionaire on paper.

According to the IPO structure, Musk holds approximately 4.8 billion shares in SpaceX, representing about 42% ownership, along with around 350 million stock options exercisable at a significantly lower strike price of $8.39 per share. At the IPO valuation, his SpaceX equity stake alone is worth roughly $648 billion, while stock options contribute an additional $44.3 billion. Combined with his holdings in Tesla and other investments, Musk’s total net worth crosses the symbolic $1 trillion threshold.

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Despite the historic milestone, financial analysts emphasize that Musk’s trillion-dollar status remains highly dependent on market conditions. Once trading begins on the Nasdaq Composite, fluctuations in SpaceX share price could significantly impact his net worth. A strong opening could push his fortune higher, while a decline could bring it back below the trillion-dollar mark. This volatility underscores a key characteristic of ultra-high-net-worth wealth: it is largely paper-based and market-sensitive, rather than liquid cash.

Musk’s achievement places his personal wealth in the same category as the gross domestic product of some of the world’s largest economies. Only a small number of countries globally—fewer than 20—have economies exceeding $1 trillion GDP, highlighting the scale of the milestone. The development has also intensified discussions around wealth inequality. Advocacy group Oxfam America has previously warned that extreme wealth concentration reflects widening economic disparities between the ultra-rich and the rest of the world.

While Musk remains the primary beneficiary of the IPO, the listing is also expected to generate substantial wealth for employees and early investors. Reports suggest that approximately 4,400 SpaceX employees could become millionaires depending on post-IPO market performance, marking one of the largest employee wealth creation events in the tech and aerospace sectors.

Musk’s rise to trillionaire status highlights the extraordinary growth of privately developed space technology and the increasing financial power of high-growth innovation companies. However, analysts caution that such milestones remain fluid, as billionaire rankings and net worth estimates can change rapidly based on market sentiment and stock performance.

Elon Musk Becomes World’s First Trillionaire After SpaceX IPO Valuation Surge

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Toyota moves to ease vehicle ownership amid economic challenges

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Managing Director of Toyota Nigeria Limited, Mr. Kunle Ade-Ojo; Chairman of TNL, Chief Michael Ade.Ojo, and MD/CEO, AGL Motors Ltd, Alhaji AbdulAfeez Gabar Lado, at the presentation of the 2025 best customer award to AGL Motors in Lagos.

Toyota Nigeria unveils plans to ease vehicle ownership

As rising costs put car ownership beyond the reach of many Nigerians, Toyota Nigeria Limited says it is rolling out fresh measures to make buying and maintaining vehicles easier for customers.

Managing Director, Mr. Kunle Ade-Ojo, announced the plans at the company’s 2026 Awards and Customers’ Night in Lagos, where he reaffirmed Toyota’s commitment to expanding mobility solutions in the country.

A statement on Thursday quoted Ade-Ojo as saying Toyota Nigeria would continue to innovate and introduce strategies that would enable more Nigerians to own and maintain Toyota vehicles while enjoying quality after-sales support.

According to him, the company’s commitment goes beyond selling vehicles to ensuring customers enjoy a seamless ownership experience through a robust nationwide service network.

“We will continue to innovate, adapt and elevate our product offerings and service delivery. Our ambition remains clear: to sustain industry leadership while contributing meaningfully to Nigeria’s economic development as a responsible corporate citizen,” he said.

He added that the company’s future plans are aligned with Toyota’s global vision of enriching lives through mobility, with a strong focus on innovation, sustainability and value creation.

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Ade-Ojo noted that Toyota Nigeria’s success over the years had been driven by the loyalty of customers, support from dealers, suppliers, employees, financial institutions and strategic partners, as well as the guidance of the company’s board led by its founder and chairman, Chief Michael Ade-Ojo.

The highlight of the event was the presentation of the Evergreen Customer of the Year Award to Zenith Bank Plc, which retained the title as Toyota Nigeria’s highest-volume customer for 2025. In recognition of the achievement, Chief Michael Ade-Ojo presented the bank with the keys to a brand-new Toyota Starlet Cross.

AGL Motors emerged overall winner in the Customer of the Year category, while the Nigerian Army and Zenith Bank were named first and second runners-up respectively. The winners received office equipment valued at several millions of naira.

Toyota Nigeria also honoured excellence in automotive journalism. Theodore Opara of Vanguard was named Journalist of the Year, while Mike Ochonma of Transport World and Rasheed Bisiriyu of Newstrends received awards for their contributions to automotive reporting, mobility advocacy and industry analysis.

Speaking at the event, several dealers and business partners commended Toyota Nigeria’s investments in dealer development, technical training and workshop upgrades, describing the initiatives as critical to sustaining high service standards and customer satisfaction across the country.

 

Toyota Nigeria unveils plans to ease vehicle ownership

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