Foreign
PICTORIAL: Tinubu, First Lady Meet Royals On ‘Historic’ UK State Visit
King Charles III ceremonially welcomed Nigerian President Bola Tinubu at Windsor Castle on Wednesday in the first state visit by the leader of Africa’s most populous nation in nearly four decades.
Tinubu has made less formal visits to Britain several times in his tenure, and the two countries remain major partners in trade, aid and defence. London is also home to a massive Nigerian diaspora.
King Charles and Queen Camilla greeted the president and his wife in Windsor, west of London, on a sunny afternoon as artillery fired Salutes
The Nigerian president and his wife earlier chatted with heir-to-the-throne Prince William and his wife Catherine at a hotel in Windsor.
The party then rode in carriages to the historic Windsor Castle, followed by cavalry in red and gold livery.
These include a Yoruba beaded throne presented to Queen Elizabeth II during an official visit in 1965.
They were also to view photographs of a Yoruba woman known as Sarah Forbes Bonetta, who became a protegee of Queen Victoria after being captured as a slave and taken to Britain by a naval captain.
In the evening, Charles and Tinubu were set to give speeches at a lavish state banquet.
‘Renewed chapter’
Nigeria’s presidency said the visit signalled a “renewed chapter” and reflected a shared commitment to “advancing trade and strengthening diplomatic ties”.
Calling the visit “historic”, London announced Nigerian companies, including banks, are expanding operations and creating hundreds of jobs in Britain, strengthening it as a global hub for African business.
Likely on the agenda are issues ranging from major Nigerian port renovations backed by Britain as well as trade, which reached £8.1 billion ($11 billion) in the year to September 2025, an 11.4 per cent year-on-year increase.
On Thursday, Tinubu is expected to meet British Prime Minister Keir Starmer as well as members of the Nigerian community abroad, according to the official schedule.
First Lady Oluremi Tinubu, a Christian pastor, is set to preach at London’s Lambeth Palace — the seat of the Archbishop of Canterbury — on Thursday and meet representatives of the Church of England.
The last Nigerian state visit to the UK took place in 1989, although Tinubu was received by Charles in September 2024.
Before the death of his mother, Queen Elizabeth II, in 2022, Charles also visited Nigeria four times as Prince of Wales.
Elon Musk’s wealth jumped by about $165 billion in one day as SpaceX stock surged after its historic stock market debut. SpaceX briefly crossed a $3 trillion valuation, making it one of the world’s most valuable companies and further cementing Musk’s position as the richest person on earth. The company also holds 18,712 bitcoin, while some analysts warn that SpaceX’s rapid rise in value may be difficult to sustain over the long term.
Elon Musk has added an astonishing $165 billion to his personal fortune in just one day, pushing his estimated net worth to around $1.3 trillion after SpaceX shares continued their explosive run on the stock market.
The sharp jump came as SpaceX stock gained nearly 20% during its second full trading session following its historic Nasdaq debut. The rally briefly pushed the company’s market valuation above $3 trillion, cementing its position among the world’s most valuable publicly traded companies.
SpaceX entered the public market under the ticker symbol SPCX after pricing its initial public offering (IPO) at $135 per share. The company raised approximately $75 billion, making it the largest IPO ever recorded. Investor demand was reportedly overwhelming, with orders exceeding $350 billion, nearly four times the amount of stock available.
By Monday’s close, SpaceX shares had climbed as high as $229.40, giving the aerospace and satellite internet giant a market capitalization of about $2.52 trillion. At one point during trading, the company’s value crossed the $3 trillion mark.
The rally has had a massive impact on Musk’s wealth because he remains the company’s largest shareholder. According to estimates, his one-day gain exceeded the entire net worth of Microsoft co-founder Bill Gates.
Investor and entrepreneur Anthony Pompliano highlighted the scale of the surge in a post on X, writing:
At least 12 people have been killed in a plane crash in Missouri in the midwestern United States, according to authorities.
The crash on Sunday was near Butler Memorial Airport in Bates County, south of the state’s largest city, Kansas City.
“Troopers are on scene assisting the Butler Police Department & Bates County Sheriff’s Office of a Fatal Plane Crash near the Butler Memorial Airport,” the Missouri State Highway Patrol posted on X.
“At this time reports indicate all occupants (12 total) have perished,” it said.
Missouri Highway Patrol Sergeant Justin Ewing said the plane was taking people up to skydive.
Emergency responders received a call that a plane was down and engulfed in fire around 11:30 am local time (16:30 GMT) on Sunday, he said.
They were able to extinguish the fire shortly after the crash, he said, describing the scene as “brutal.”
“It landed in a field adjacent to the airport, but I think they’re shutting down the roadway just as a precaution,” Ewing said.
The identities of those killed were not immediately released.
Ewing said the National Transportation Safety Board (NTSB) was on scene investigating the crash.
The cause was not immediately available.
The cost of importing petrol into Nigeria dropped sharply following the recent decline in global crude oil prices, creating fresh competition for local refiners, including the $20 billion Dangote Refinery.
New data released by the Major Energy Marketers Association of Nigeria (MEMAN) showed that the landing cost of imported Premium Motor Spirit (PMS), also known as petrol, had fallen to N1,117 per litre as of June 4, 2026.
The figure was significantly lower than Dangote Refinery’s gantry price of N1,250 per litre, leaving a difference of N133 per litre.
Meanwhile, Nigeria’s fuel market is facing renewed uncertainty after the Dangote Refinery reportedly reduced petrol production, prompting fuel marketers to increase imports of cheaper products amid concerns over supply stability.
The development comes at a sensitive period for global energy markets, with rising crude oil prices and geopolitical tensions already putting pressure on fuel costs worldwide.
According to industry monitor IIR Energy, the Dangote Refinery has reduced operating rates at its key gasoline-producing unit, the Residual Fluid Catalytic Cracking Unit (RFCCU), by about 34%.
The reduction is linked to technical issues affecting the unit, which plays a major role in converting heavy crude residues into valuable products such as petrol, diesel and cooking gas.
CSOs Want Urgent Action On Gas Bubbles In Rivers
BREAKING: Nigerian Army Rescues Four Kidnap Victims
FG Breaks Silence, Clarifies Position On Telecom And Fuel Taxes
Former Super Eagles Star Loses Life Savings, Duped By A Pastor of ₦1.2 Billion
I’m A Married Man, I Can Never Get Myself Involved With Such A Thing, Delta Gov Aide Reveals Why He Offered Comfort ₦500,000 Job
Lagos Imposes ₦250,000 Fine For Illegal Waste Disposal
-
News2 days agoIslamic New Year: Full List of States Declaring Public Holiday Revealed
-
Business1 day agoPetrol Prices Drop As Dangote Refinery Announces New Rate
-
Business12 hours agoJUST IN: Saraki Gets Fresh Appointment
-
Politics2 days agoBREAKING: Kenneth Okonkwo Dumps Atiku, Gives Shocking Reason
-
Uncategorized2 days agoBREAKING: Niger Governor, Bago Declares One-Day Public Holiday
-
News2 days agoBREAKING: Court Orders INEC to Deregister ADC, Four Other Political Parties
-
Politics2 days agoBREAKING: APC Suffers Major Defeat as PDP Wins 20 LGAs in Council Election
-
Politics2 days agoPopular ADC Supporter Withdraws Support For Atiku, Cites Reasons