The global monetary system faces mounting challenges as the traditional dominance of the IMF and the U.S. dollar encounters pressure from emerging economies, especially the BRICS nations (Brazil, Russia, India, China, and South Africa). These countries are actively seeking alternatives to dollar dependency, pushing for IMF reform, and establishing their own financial institutions like the…
A Nigerian court has granted bail to a prominent lawmaker facing serious assault charges, sparking significant public debate. The case has attracted widespread attention, highlighting concerns over accountability and justice in Nigeria’s political landscape. Stay informed on this unfolding story as the nation watches closely. Welcome to the highly anticipated 23rd volume of Diaspora Watch,…
At the recent BRICS summit, African leaders united to advocate for systemic reforms that address pressing economic and social challenges across the continent. Emphasizing the need for equitable representation and resource allocation, they urged BRICS member nations to implement policies that foster inclusive growth and development. The leaders highlighted critical issues such as trade barriers,…
As Nigeria commemorates its 64th Independence anniversary, the stark contrast between celebration and the persistent challenges of corruption, mismanagement, and unfulfilled promises becomes evident. The editorial revisits historical attempts at reform, such as the Independent Corrupt Practices Commission’s (ICPC) prosecutions and the House of Representatives’ inquiry into the unfulfilled $14.5 million aircraft repair contract. Many…
Elon Musk Moves SpaceX, X HQ to Texas, Citing New California Law Billionaire entrepreneur, Elon Musk has announced that he is relocating the headquarters of SpaceX and X (formerly Twitter) from California to Texas, Excel Magazine International can report. The move is in response to a new law passed in California that prohibits schools from…
Nigeria’s External Reserves Rise to $35.05 Billion Nigeria’s external reserves have increased once again, reaching $35.05 billion as of July 8, 2024. This figure, derived from the Central Bank of Nigeria’s (CBN) external reserve data and analyzed by Nairametrics, marks the highest level since May 30, 2023, when reserves stood at $35.09 billion. Excel Magazine…
Dr. Adaora Umeoji Assumes Role as Zenith Bank’s First Female MD Dr. Adaora Umeoji, the newly appointed Group Managing Director of Zenith Bank Plc, had officially assumed her duties at the bank’s head office in Lagos on Monday. Excel Magazine International reports that the company announced Umeoji’s assumption of office in a video shared on…
Tesla Recalls Over 125,000 Vehicles Tesla has issued a recall for more than 125,000 vehicles to correct a problem with their seat belt warning systems. Excel Magazine International learnt the recall impacts various models produced from 2012 to 2024. The issue involves Tesla’s seat belt warning system, which is designed to provide visual and audible…
Google Scales Back AI Overviews After Admitting Flaws Google has acknowledged that its recently launched AI Overviews tool, designed to deliver AI-generated responses to user search queries, requires significant improvements. Despite extensive testing before its release two weeks ago, the search giant admitted on Thursday that the technology has produced “some odd and erroneous overviews.”…
US Fines Company $38,000 for ‘Whites Only’ Job Posting A company that posted a job advertisement seeking only white, US-born applicants has agreed to pay a $38,500 fine, the federal government announced. The advert from Arthur Grand Technologies was “generated by a disgruntled recruiter in India and was intended to embarrass the company,” according to…