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Musk’s Prepares For Testing SpaceX Tech Breakthrough

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SpaceX’s attempt its first ever-private spacewalk next week and it will be a test of trailblazing equipment, including slim spacesuits and a cabin with no airlock, in one of the riskiest missions yet for Elon Musk’s space company.

A billionaire entrepreneur, a retired military fighter pilot and two SpaceX employees are poised to launch on Tuesday aboard a modified Crew Dragon craft, before embarking on 20-minute spacewalk 434 miles (700 km) into space two days later.

Until now, walking into the empty expanse of space has only been attempted by government astronauts on the International Space Station (ISS), 250 miles (400 km) above Earth.

SpaceX’s five-day mission – dubbed Polaris Dawn – will swing in an oval-shaped orbit, passing as close to Earth as 190 km (118 miles) and as far as 1,400 km (870 miles), the farthest any humans will have ventured since the end of the United States’ Apollo moon program in 1972.

Crew members, including billionaire Jared Isaacman, will don SpaceX’s new, slimline spacesuits in a Crew Dragon vehicle that was modified so it can open its hatch door in the vacuum of space – an unusual process that removes the need for an airlock.

“They’re pushing the envelope in multiple ways,” retired NASA astronaut Garrett Reisman said in an interview. “They’re also going to a much higher altitude, with a more severe radiation environment than we’ve been to since Apollo.”

The mission has been bankrolled by Isaacman, the founder of electronic payment company Shift4. Though he has declined to say how much he has spent, but it is estimated to be over $100 million.

Joining him will be mission pilot Scott Poteet, a retired U.S. Air Force lieutenant colonel, and SpaceX employees Sarah Gillis and Anna Menon, both senior engineers at the company.

For SpaceX, which has pioneered cheap, reusable rockets and expensive private spaceflight, the mission is an opportunity to advance technologies that could be used on the moon and Mars.

Far outside the protective bubble of Earth’s atmosphere, the electronics and shielding on Crew Dragon and spacesuits will be tested as they pass through parts of the Van Allen belt, an area where charged particles streaming mainly from the sun can disrupt satellites’ electronics and affect human health.

“That’s an additional risk that you don’t face when you just stay in low-Earth orbit and go up to the ISS,” Reisman said.

NOT A REGULAR  SPACEWALK

The Polaris spacewalk will take place on the mission’s third day, but preparation will begin about 45 hours in advance.

The gumdrop-shaped Crew Dragon’s entire cabin will be depressurized and exposed to the vacuum of space. While only two of the astronauts will float outside, tethered by an oxygen line, the whole crew will depend on their spacesuits for life support.

Days before the spacewalk, the crew will begin a “pre-breathe” process to fill the cabin with pure oxygen and remove any nitrogen from the air.

Nitrogen, if present in astronauts’ bloodstreams in space, could form bubbles, block blood flow and lead to decompression sickness, known as “the bends,” as with scuba divers who return too quickly to the water’s surface.

The crew will use an ultrasound device to monitor any bubble formation, one of many tools to be used in the mission to inform dozens of scientific experiments, providing researchers a rare peek into how astronauts might fare on the moon’s surface or elsewhere in deep space.

“It gives us a very unique opportunity to test these vehicles in such a very unique environment,” said Emmanuel Urquieta, vice chair for aerospace medicine at the University of Central Florida’s internal medicine department.

While astronaut safety on NASA missions is rigorously overseen by the agency, there are no such U.S. standards or laws for spaceflight safety in private missions like Polaris.

SpaceX officials and the Polaris crew said during a Monday news conference they have planned for an array of contingency scenarios if something during the mission goes wrong, such as an oxygen leak or failure to reseal the hatch door, but they did not detail what those were.

Reisman said he knows the Polaris crew and believes they are prepared to handle any unexpected mishaps.

“But there’s not a lot of room for error,” he said.

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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