Business
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
The Meta Chief Executive Officer, Mark Zuckerberg, on Tuesday, was pictured training with UFC champions, Israel Adesanya and Alexander Volkanovski.
The picture of his training session with the UFC champions has further increased speculations on the possibility of an MMA fight between him and Twitter CEO, Elon Musk.
Recall that the prospect of an MMA showdown between the tech gurus started as an online banter some weeks back.
However, tension has heightened between the duo since Zuckerberg launched his Twitter-like app called Threads.
Threads launched on July 5, 2023, and has since gathered more than 100 million users worldwide.
However, Musk, the Tesla and SpaceX CEO believes Threads was only made possible by “cheating.”
Musk stated this while responding to a tweet reporting that Twitter was threatening to sue Facebook and Instagram’s parent company Meta for cheating with its new app Threads on Friday, July 7, 2023. Musk tweeted, “Competition is fine, cheating is not.”
As arguments heated over the new app online, the two tech moguls have once again renewed their banter challenge on having a showdown cage fight.
However, while some viewed the challenge for an MMA fight as playful banter between the influential figures, the anticipation surrounding this unlikely showdown continued to grow with both of them pictured training with MMA fighters.
Meanwhile, Zuckerberg while reacting to his picture with the UFC champions – Adesanya and Volkanovski wrote, “It’s an honour to train with you guys!”
Responding, “The Last Stylebender’ who posted photos of the training session, wrote, “No fugazi with Mark. This is Serious Business.”
Also, Volkanovski, the UFC featherweight kingpin responded, “@zuck you’re a beast! Always great to catch up.”
Musk also looks to be in a training session already as he was also spotted with UFC legend Georges St-Pierre on Tuesday, July 3, 2023.
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.
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