The most striking and relevant breaking news in Nigeria and the world, weekly. By Oyemaja Feeds, a division of The Oyemaja Group
Michael Jackson amongst top 13 highest paid dead celebrities (1st November, 2023)(Entertainment): Singer, songwriter, and dancer, Michael Jackson, has topped Forbes’ list of the 13 highest-paid dead celebrities. This is with an estimate of $115 million in earnings. This was disclosed by Forbes on October 31st in its annual ranking of highest-paid dead celebrities.
The US Economy adds 150 thousand jobs (3rd November, 2023)(Politics, Economy): The Bureau of Labour Statistics has reported that the US economy has added 150,000 jobs in October, falling below expectations. This amounts to a downward revised total of 297,000 jobs from September with a 35,000 job decline in the manufacturing sector. The unemployment rate rose from 3.8% to 3.9%.
Sam Bankman-Fried Found Guilty (3rd November, 2023)(Finance): Sam Bankman-Fried has been found guilty of all seven counts of fraud for his role in the collapse of crypto exchange FTX.
MTN raises 52.89 billion Naira through commercial papers (9th November, 2023)(Business): MTN Nigeria has raised N52. 89bn from its Series 8 & 9 Commercial Paper issuance under its N250 billion Commercial Paper Issuance Programme.
Omegle shuts down after 14 years )(9th November, 2023)(Tech): Leif K-Brooks, CEO of Omegle has announced that Omegle, launched in 2009 to enable users to meet with new people from all across the world, has ceased operations 14 years after its inception.
Taylor Swift is now the most nominated artist of all time in the Grammys top songwriting category (10th November, 2023(Entertainment).
NLC, TUC begins nationwide strike (14th November, 2023)(Politics): The Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, have directed workers nationwide to begin an indefinite strike to protest the battering of the NLC President, Joe Ajaero, and others in Owerri, Imo State, as well as the pending labour issues in the state.
Oando signs 800 million dollar deal with Afreximbank (15th November, 2023)(Business): Oando Plc has signed a $800m deal with the African Export and Import Bank (Afreximbank) at the ongoing Intra-African Trade Fair in Cairo, Egypt.
World Bank commences payment of 800 million dollars loan to Nigeria (16th November, 2023)(Politics): The World Bank has disbursed about 299 million dollars out of the $800m approved for the National Social Safety Net Program-Scale Up for Nigeria.
Open AI fires Sam Altman (18th November, 2023)(Tech, Business): CEO and Co-Founder of OpenAi, Sam Altman, has been fired by the Board of OpenAI on the grounds that “he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” Chief Technology Officer of OpenAI, Mira Murati, has been made the interim CEO.
Sam Altman joins Microsoft after being fired by OpenAI (20th November, 2023)(Tech, Business): Two days after being fired by OpenAI for not being “consistently candid in his communications”, Microsoft is hiring Sam Altman, former CEO and Co-Founder of Sam Altman, as well as co-founder Gred Brockman who was also let go by the company.
Founder and CEO of Binance steps down (22nd November, 2023)(Tech, Business): Founder and CEO of Binance, the world's largest cryptocurrency exchange, Changpeng Zhao, has stepped down from his role after pleading guilty to breaking US anti-money laundering laws.
Sam Altman to rejoin OpenAI (22nd November, 2023)(Tech): OpenAI announced that it has reached an agreement to bring back Sam Altman as the Chief Executive Officer and appoint new board members after nearly all of its employees threatened to quit over his ouster. In a post on X, the company said, "We have reached an agreement in principle for Sam to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo."
Charlie Munger dies at 99 (29th November, 2023)(Business): Billionaire investor Charlie Munger, the long-time friend and business partner of Warren Buffett, has died. He was 99 years old.
Oyemaja Feeds