…Stronger-than-expected earnings and 161 per cent revenue growth lift investor sentiment as the billionaire signals support for combining the two companies’ AI, chip-design and robotics operations. SpaceX shares rose more than eight per cent in early trading on Wednesday after Elon Musk expressed support for a potential merger between the rocket and satellite-internet company and electric vehicle maker Tesla. The rally followed a stronger-than-expected earnings report and Musk’s disclosure that both companies had established special committees to discuss a possible combination. Speaking during SpaceX’s earnings call, Musk said there were significant advantages to bringing the businesses together, particularly in artificial…
Author: Elvis Eromosele
Meta Platforms has been ordered to pay $25 billion in a New Mexico case linked to the Cambridge Analytica scandal, after a judge ruled that the company misled users about its privacy practices. The ruling, delivered on Wednesday by State District Court Judge Francis Mathew, represents a major legal setback for the technology giant and adds to a series of lawsuits and financial penalties confronting the company over its platforms and handling of user data. Meta, which was known as Facebook when the scandal emerged, has rejected the decision and said it will appeal. The case dates back to 2018,…
Governments and businesses across the world are racing to secure their digital infrastructure after artificial intelligence helped researchers uncover critical vulnerabilities in PHP, a programming language estimated to power about 70 per cent of the world’s websites. The flaws, collectively referred to as PHP2Shell, prompted temporary shutdowns of websites and online services as organisations moved to install security updates and limit potential exposure. The United States National Security Agency and Europe’s cybersecurity agency urged organisations to take immediate action to address the vulnerabilities, which could allow attackers to execute malicious code remotely, disrupt services and potentially expose sensitive information. The…
…OpenAI and Anthropic will provide £200m in AI model credits as Britain expands investment in artificial intelligence safety, cybersecurity and protection against biological threats. The United Kingdom government is set to invest £100m in a new Artificial Intelligence Biosecurity Lab, described as a “world first”, as part of a broader strategy to strengthen national defences against emerging biological, cyber and AI-enabled threats. The funding commitment, to be announced in Wednesday’s Budget by Chancellor John Healey, will support the establishment of the National AI Biosecurity Lab (AIBL), bringing together leading scientific expertise and advanced AI technology to identify and counter potential…
…Funding will push the government’s 10-year housing programme beyond £40bn, while mayors and regional leaders are set to gain greater powers and access to new borrowing facilities. The United Kingdom government is set to allocate more than £1bn to social and affordable housing in England as part of its forthcoming Budget, taking total funding for its 10-year housing programme beyond £40bn. The announcement, expected in Chancellor John Healey’s Budget on Wednesday, will form part of wider measures aimed at accelerating house-building, strengthening regional investment and giving local leaders greater control over economic development. Under the proposals, councils will also receive…
The Nigeria Centre for Disease Control and Prevention (NCDC) has identified two additional suspected Ebola cases and begun monitoring 53 primary contacts as health authorities intensify efforts to contain the country’s first confirmed imported case. NCDC Director-General, Dr Jide Idris, disclosed this at a press briefing in Abuja on Sunday, October 25, 2026, as surveillance and contact-tracing operations continued following the confirmation of Ebola virus disease in a woman who recently travelled to Nigeria from Uganda. The two suspected cases have not been confirmed as Ebola infections, with laboratory testing required to establish their status. The development comes five days…
…At its inaugural edition in Lagos, the Africa Sustainability Forum brought business leaders, policymakers and sustainability advocates together to examine how Africa can pursue economic growth, create jobs and protect the environment without leaving vulnerable communities behind. Africa’s sustainability conversation is entering a more consequential phase. Beyond commitments, policy statements and corporate pledges, the challenge is to translate ambition into economic opportunities, better livelihoods and measurable improvements in people’s lives. This was the central question at the inaugural Africa Sustainability Forum 2026, organised by TheNumbersNG.com and held on Tuesday, October 20, at Oriental Hotel, Lekki, Lagos. With the theme, “Sustainable…
By Elvis Eromosele There is something enjoyable about a drink that knows what it wants to be. With LIDA Malt, Rite Foods brings a distinctive twist to the familiar malt experience, combining the rich, malty taste consumers love with a subtle hint of chocolate that lingers pleasantly on the palate. LIDA Malt made its formal presentation at an event following its launch at the inaugural Africa Sustainability Forum, organised by TheNumbersNG.com in Lagos. I had the privilege of receiving a bottle, and the experience offered a first-hand opportunity to discover what Rite Foods has brought to the malt market. The…
The new facility strengthens community waste recovery efforts, building on an initiative that has recycled more than 1,000 tonnes of waste and supported over 2,000 livelihoods. Sahara Group Foundation has commissioned its 23rd Sahara Go Recycling Hub at Sam Ethnan Air Force Base in Ikeja, Lagos, as it expands efforts to promote sustainable waste management, create economic opportunities and strengthen environmental responsibility in Nigerian communities. The new facility is designed to turn recyclable waste into an economic resource by encouraging waste recovery and creating income opportunities for households and community-based enterprises. The initiative forms part of the Foundation’s broader efforts…
Unilever Nigeria Plc recorded an 18 per cent increase in revenue to ₦184 billion in the first nine months of 2026, as improved gross margins and operating efficiency supported higher profitability despite mounting pressure on consumer spending. The consumer goods manufacturer disclosed this in its unaudited financial results for the nine-month period ended September 30, 2026. Revenue rose from ₦155.4 billion in the corresponding period of 2025, while gross profit increased by 34 per cent to ₦85.5 billion from ₦63.9 billion a year earlier. The improvement in gross profit lifted the company’s gross margin to 46.4 per cent, compared with…