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Tinubu Not First African Leader to Ring NASDAQ Closing Bell, Presidency Apologises
The Federal Government apologised on Friday for saying that President Bola Ahmed Tinubu is the first African President to ring the National Association of Securities Dealers Automatic Quotation System (NASDAQ) closing bell.
Tinubu’s spokesperson, Ajuri Ngelale, tendered an official apology on behalf of the presidency in a statement where he said the error was regretted.
President Tinubu rang the closing bell of NASDAQ on Wednesday alongside business leaders, including the Chairman of BUA Group, Abdul Samad Rabiu.
“We inadvertently referred to President Bola Tinubu as the first African leader to ring the bell at NASDAQ on Wednesday in New York, based on the information provided by a third-party event organiser,” Ngelale said.
“We have since found out that this information was/is incorrect, as a former African leader has indeed had the privilege. This error is sincerely regretted.”
It has been revealed that a former African leader had previously rung the bell at NASDAQ, debunking the earlier claim of Tinubu’s bell-ringing, which was perceived to be a historic achievement.
They argued that in 2014, President Goodluck Jonathan rang the closing bell at the New York Stock Exchange, while Femi Otedola’s daughter, DJ Cuppy, rang the NYSE bell in 2019.
Contrary to the claim, the former President of Tanzania, Kikwete, First Ladies and Health Ministers rang the closing bell of NASDAQ in 2011, as announced by NASDAQ in a notification to the public dated 2011 with the title, “President Kikwete of Tanzania, First Ladies and Health Ministers, and Global Health Leaders to Ring The NASDAQ Stock Market Closing Bell.’
Headlines
US Senate Confirms Trump’s Nominee Marco Bubio As Secretary of State
The Senate quickly confirmed Marco Rubio as Secretary of State on Monday, voting unanimously to give President Donald Trump the first member of his new Cabinet on Inauguration Day.
Rubio, the Republican senator from Florida, is among the least controversial of Trump’s nominees and vote was decisive, 99-0. Another pick, John Ratcliffe for CIA director, is also expected to have a swift vote, as soon as Tuesday. Action on others, including former combat veteran and Fox News host Pete Hegseth for defense secretary, is possible later in the week.
“Marco Rubio is a very intelligent man with a remarkable understanding of American foreign policy,” Sen. Chuck Grassley of Iowa, the senior-most Republican, said as the chamber opened.
It’s often tradition for the Senate to convene immediately after the ceremonial pomp of the inauguration to begin putting the new president’s team in place, particularly the national security officials. During Trump’s first term, the Senate swiftly confirmed his defense and homeland security secretaries on day one, and President Joe Biden’s choice for director of national intelligence was confirmed on his own Inauguration Day.
With Trump’s return to the White House, and his Republican Party controlling majorities in Congress, his outsider Cabinet choices are more clearly falling into place, despite initial skepticism and opposition from both sides of the aisle.
Rubio, who was surrounded by colleagues in the Senate chamber, said afterward he feels “good, but there’s a lot of work ahead.”
“It’s an important job in an important time, and I’m honored by it,” Rubio said.
Senate Majority Leader John Thune moved quickly Monday, announcing he expected voting to begin “imminently” on Trump’s nominees.
Democrats have calculated it’s better for them to be seen as more willing to work with Trump, rather than simply mounting a blockade to his nominees. They’re holding their opposition for some of his other picks who have less support, including Tulsi Gabbard for director of national intelligence and vaccine skeptic Robert F. Kennedy Jr. for health secretary.
Senate Democratic Leader Chuck Schumer said his party will “neither rubber-stamp nominees we feel are grossly unqualified, nor oppose nominees that deserve serious consideration.”
Rubio, he said, is an example of “a qualified nominee we think should be confirmed quickly.”
Senate committees have been holding lengthy confirmation hearings on more than a dozen of the Cabinet nominees, with more to come this week. And several panels are expected to meet late Monday to begin voting to advance the nominees to the full Senate for confirmation.
The Senate Foreign Relations Committee unanimously advanced Rubio’s nomination late Monday. The Senate Armed Services Committee and Senate Intelligence Committee, respectively, voted to move the nominations of Hegseth and Ratcliffe. And the Homeland Security and Government Affairs Committee advanced nominees Kristi Noem as homeland security secretary and Russell Vought as director of the Office of Management and Budget, but with opposition.
Rubio, a well-liked senator and former Trump rival during the 2016 presidential race, has drawn closer to the president in recent years. He appeared last week to answer questions before the Foreign Relations Committee, where he has spent more than a decade as a member.
As secretary of state, Rubio would be the nation’s top diplomat, and the first Latino to hold the position. Born in Miami to Cuban immigrants, he has long been involved in foreign affairs, particularly in South America, and has emerged as a hawk on China’s rise.
During his confirmation hearing last week, Rubio warned of the consequences of America’s “unbalanced relationship” with China. While he echoes Trump’s anti-globalist rhetoric, Rubio is also seen as an internationalist who understands the power of U.S. involvement on the global stage.
Rubio cultivated bipartisan support from across the aisle, both Republicans and Democrats. He takes over for outgoing Secretary of State Antony Blinken, who has said he hopes the Trump administration continues Biden’s policies in the Middle East to end the war in Gaza and to help Ukraine counter Russian nomination.
The Senate is split 53-47, but the resignation of Vice President JD Vance and, soon, Rubio drops the GOP majority further until their successors arrive. Republicans need almost all every party member in line to overcome Democratic opposition to nominees.
Objection from any one senator, as is expected with Hegseth and several other choices, would force the Senate into procedural steps that would drag voting later into the week.
Headlines
Donald Trump Sworn in As 47th American President, Pledges Swift Border Crackdown
Headlines
Hamas Releases Israeli Hostages As Ceasefire Agreement Comes into Effect
The first hostages freed from Gaza under a long-awaited ceasefire agreement are back in Israel. The news sparked jubilant scenes in Tel Aviv where large crowds gathered ahead of their release.
The three freed Israeli hostages – the first of 33 to be released over the next six weeks – are Romi Gonen, Doron Steinbrecher and Emily Damari. They are said to be in good health and are receiving treatment at a medical center in Tel Aviv.
In exchange, 90 Palestinian prisoners and detainees are set to be released by Israel from Ofer Prison in the occupied West Bank.
The Israeli military withdrew from several locations in southern and northern Gaza after the truce began earlier on Sunday, an Israeli military official told CNN.
Displaced Gazans have started returning to their homes, while the aid trucks laden with much-needed supplies have crossed into Gaza. Here’s what we know about how the ceasefire deal will work.
Hamas, despite suffering devastating losses, is framing the Gaza ceasefire agreement as a victory for itself, and a failure for Israel.
One of Hamas’ main goals for taking some 250 people during its brazen October 7, 2023, attack on Israel was to secure the release of Palestinian prisoners held in Israeli jails. As Israel pounded Gaza in response, Hamas vowed not to return the hostages until Israel withdrew its forces from the enclave, permanently ended the war, and allowed for rebuilding.
Source: CNN