Pope Leo XIV has cancelled a 2022 law that gave exclusive investment power to the Vatican bank, the Institute for the Works of Religion (IOR). Francis passed that law to consolidate control over the Holy See’s assets. However, Leo’s new decree allows Vatican departments to use non-Vatican banks when the Vatican’s investment committee finds them…
The Dangote Refinery recently faced a serious security scare after reports of a sabotage attempt. According to Dangote Petroleum, the dismissed workers planned to disrupt operations, which could have caused major damage. The company credited President Bola Tinubu with stepping in quickly to prevent the situation from getting out of control. By intervening, Tinubu helped…
A labour dispute erupted when the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) claimed Dangote Petroleum Refinery dismissed over 800 workers. The union alleged the refinery fired members for unionising and replaced them with foreign nationals. Dangote management countered by saying it restructured operations for safety and efficiency, not for punishing union…
Wealth among actors often reflects more than box office hits. It includes smart investments, production ownership, endorsements, and legacy earnings. In 2025, a few names stand above the rest as some of the richest actors in the world. Let’s look at five who dominate the wealth rankings. 1 Arnold Schwarzenegger: Net Worth ($1.49 B) Arnold…
Charlie Javice, founder of the financial aid startup Frank, received a prison sentence of 85 months (just over seven years) after a federal judge found her guilty of defrauding JPMorgan Chase. The court determined that she had misled JPMorgan into acquiring Frank for 175 million dollars by inflating user data. Javice was convicted of bank…
Tensions flared when Dangote Refinery reportedly dismissed over 800 staff members who had joined the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The union described the sackings as a violation of labour law and accused the company of replacing them with expatriates. The refinery, by contrast, defended the terminations, claiming they formed…
Electronic Arts has agreed to be acquired in a landmark $55 billion leveraged buyout, marking one of the largest take-private deals ever for a public company. A consortium led by Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners, led by Jared Kushner, will carry out the purchase. The EA board already approved the…
President Donald Trump has announced sweeping import taxes that will affect sectors ranging from pharmaceuticals to furniture and heavy trucks. He set the effective date for October 1. The tariffs include 100% on pharmaceutical drugs, 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy trucks. These actions reflect his…
A new report, led by former Meta executive Arturo Béjar and multiple nonprofits, accuses Instagram of making deliberate design choices that put teens in danger. It argues that many of Instagram’s safety tools for minors do not work as promised, and the company’s public claims about teen safety mislead users and parents. What the Report…
Dangote Refinery has responded firmly to allegations that it planned a mass sack of workers. The company says it only reorganises roles in response to sabotage concerns and denies any intent to fire a large number of employees. Meanwhile, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has raised labour practice concerns, especially…
