Business
BREAKING: Elon Musk’s Firm Set To Test Micro Implants On Human Brains
A tech startup co-founded by Elon Musk, known as Neuralink, has received approval from the United States’ Food and Drug Administration to test its brain implant on human beings, after the coin-sized implants have been tested on monkeys and pigs. This is according to a statement shared via the company’s official Twitter page on Thursday.
The firm’s announcement stated that: “We are excited to share that we have received the FDA’s approval to launch our first-in-human clinical study!” the tweet read. “This is the result of incredible work by the Neuralink team in close collaboration with the FDA and represents an important first step that will one day allow our technology to help many people.”
Musk also commented on the post on Friday, tweeting, “Congratulations to the Neuralink team.”
The implants are meant to allow humans to interface directly with computers. Musk had earlier touted the product as a possible solution for persons living with disabilities, as it could help restore vision and movement. He made headlines late last year after stating that he trusted the device enough to implant them in his children.
During a presentation by the company in December last year, Neuralink showed several monkeys playing basic video games or moving a cursor on a computer screen using Neuralink chips implanted in their brains, CBS News reports.
Musk, who also spoke at the presentation said, “We would initially enable someone who has almost no ability to operate their muscles and enable them to operate their phone faster than someone who has working hands.
“As miraculous as it may sound, we are confident that it is possible to restore full body functionality to someone who has a severed spinal cord.”
Employees told Reuters in March the company had earlier sought approval from the FDA in 2022 but the application was rejected. The regulator cited several concerns including the safety of lithium battery powering the device, possibility of the chip’s wires migrating within the brain, and the challenge of safely removing the device without damage to the brain.
Neuralink is currently under several federal investigations including an inquiry by the US Department of Agriculture, into potential animal-welfare violations during the animal tests conducted by the company.
Business
Senate approves Tinubu’s $516.3m loan
The syndicated financing facility is being sought from Deutsche Bank, according to a letter of request Tinubu sent to the Senate last Thursday.
The Senate has approved the $516.3 million loan requested by President Bola Ahmed Tinubu.
The money will be used for the construction of the Sokoto-Badagry Superhighway (Section One, Phase 1A and B).
The approval was given on Wednesday after the Senate considered the report of its Committee on Local and Foreign Debts.
The committee, chaired by Senator Magatagarda Wamakko, recommended the approval of the loan.
The syndicated financing facility is being sought from Deutsche Bank, according to a letter of request Tinubu sent to the Senate last Thursday.
Business
Ibukun Awosika resigns from Cadbury board
The resignation takes effect from May 1, 2026, according to a statement signed by the company secretary, Afolasade Olowe.
Ibukun Awosika has resigned from the board of Cadbury Nigeria Plc, after more than 16 years of service.
The resignation takes effect from May 1, 2026, according to a statement signed by the company secretary, Afolasade Olowe.
The board expressed appreciation for her contributions since joining as a Non-Executive Director in October 2009 and noted that a replacement would be announced in due course.
Business
UAE announces exit from OPEC, OPEC+ amid Iran war tensions
UAE Energy Minister Suhail Mohamed al-Mazrouei told Reuters the decision followed a strategic review of the country’s energy direction.
The United Arab Emirates has announced it is withdrawing from OPEC and the broader OPEC+, delivering a significant setback to the oil-producing bloc and its de facto leader, Saudi Arabia, at a time when the ongoing Iran war has triggered a major global energy shock.
Reuters reported that the departure of the UAE, a longstanding member of OPEC, is expected to create uncertainty within the group, which has traditionally maintained a united front despite internal disagreements over geopolitics and production quotas.
UAE Energy Minister Suhail Mohamed al-Mazrouei told Reuters the decision followed a strategic review of the country’s energy direction.
This is a policy decision, it has been done after a careful look at current and future policies related to level of production,” said the energy minister.
When asked whether the UAE consulted with Saudi Arabia, he said the country did not raise the issue with any other nation.
The decision comes amid mounting tensions in the Strait of Hormuz, where Gulf producers have struggled to move exports due to Iranian threats and attacks on vessels.
The strategic waterway typically handles about a fifth of the world’s crude oil and liquefied natural gas shipments.
-
Politics3 days agoWhat Does Makinde’s ‘Operation Wetie’ Allusion Mean in Nigerian Politics?
-
News3 days agoKogi Govt Warns of Establishing Schools, Orphanages At Unsecured Locations
-
News3 days agoAll Schools in Nigeria to Use Only NERDC Approved Textbooks, says Alausa
-
Business2 days agoNACCIMA Set Up Export Express Support Center To Boost Non-oil Exports Trade
-
News4 hours agoFG declares May 1 public holiday to mark Workers’ Day
-
News3 hours agoTinubu moves Bianca Ojukwu to foreign minister
-
Business3 hours agoIbukun Awosika resigns from Cadbury board
-
Business2 hours agoSenate approves Tinubu’s $516.3m loan
