Donald Trump’s recent election victory isn’t just putting him back in the White House; it’s also delivering a massive boost to his personal wealth.

On Wednesday, Trump Media’s stock, traded under the ticker “DJT,” soared by 35% in premarket trading, pushing the company’s valuation to around $9 billion.

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Trump holds a significant majority stake in the right-wing social media company, which, despite its limited earnings and operational losses, has experienced a meteoric rise in stock value.

This surge brings the value of Trump’s 114.75 million shares to approximately $5.3 billion—up from $3.9 billion at the close of trading on Election Day.

However, analysts caution that Trump’s new wealth figure is largely theoretical, as liquidating a large portion of his shares could send prices tumbling.

Trump Media’s stock has often been viewed as a bellwether for investor sentiment on Trump’s political prospects.

After a sharp decline in September, the stock began rebounding in late October as Trump’s odds of winning the election improved.

This trend culminated in a steep rally after his victory, with speculation among investors driving the rapid increase in value.

However, despite this financial gain, Trump Media faces significant challenges.

The company operates at a loss and will need to address financial hurdles to maintain its momentum.

Governor Dauda Lawal of Zamfara State has taken swift action to address growing complaints from civil servants, ordering an immediate suspension of all non-statutory salary deductions.

The move comes in response to widespread concerns over unauthorized deductions, particularly those linked to cooperative societies and commodity loan repayments.

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In a statement released on Wednesday, Governor Lawal’s spokesperson, Sulaiman Bala Idris, confirmed the directive, emphasizing the administration’s commitment to reforming the state’s payroll system.

“In an effort to ensure the proper management of civil servants’ salaries, Governor Dauda Lawal has ordered the cessation of all illegal and non-statutory deductions,” Idris stated.

The suspension targets deductions used for unauthorized surcharge schemes disguised as cooperative contributions and commodity loan repayments.

Governor Lawal has instructed the Commissioner for Finance to enforce the suspension and notify all relevant cooperative societies and commodity vendors immediately.

The Governor clarified that only statutory deductions, including PAYE (Pay As You Earn), union dues, NHF (National Housing Fund), ZAMCHEMA, water rates, and housing-related schemes such as FMB’s Rent-to-Own and Home Renovation programs, will remain in effect.

“The present administration is committed to supporting the welfare and development of civil servants by ensuring a fair and transparent payroll system,” the statement added, highlighting ongoing efforts to improve working conditions and foster a more productive workforce.

The presidential candidate of the Peoples Democratic Party (PDP) in Nigeria’s 2023 elections, Atiku Ababakar has congratulated the president-elect of the United States of America (USA) Donald J. Trump.

Biztellers reports that former president Trump of the Republican Party, beat Kamala Harris of the Democratic Party in the race to the White House to become America’s 47^th president in the November 5, 2024 election.

With the results in on Wednesday, Nigeria’s former vice president has sent his hearty shout out to the winner, President Trump, hoping that “the Trump administration will stand resolute in ensuring free and fair elections in Nigeria and other places in the world”.

Taking to his verified handle on micro-blogging site, X, Atiku asserted that Trump’s “triumph, without a doubt, will stand as an enduring testament to the resilience and vitality of the democratic process – a timeless reminder that democracy, with all its trials and tribulations, remains a force for good in the world.”

Atiku wrote, “I closely followed the presidential election in the United States of America, watching with bated breath as the nation decided its future.

“It is with even greater satisfaction that I now reflect on the result, which heralds a resounding victory for President Donald J. Trump and the Republican Party.

“This triumph, without a doubt, will stand as an enduring testament to the resilience and vitality of the democratic process – a timeless reminder that democracy, with all its trials and tribulations, remains a force for good in the world.

“The narrative of President Trump’s political journey, marked by his struggles and triumphs, shall serve as an inspiring parable of courage in the face of adversity — a lesson in the art of rising after every fall, and ultimately, emerging victorious.

“As the world rejoices in the euphoria of his remarkable comeback, it is to be hoped that President Trump will continue his resolute advocacy for credible elections worldwide and remain steadfast in dismantling anti-democratic forces wherever they may lurk.

“The lesson for us in Nigeria is the integrity of the process that ensures a credible outcome. It is the expectation of every Nigerian that the Trump administration will stand resolute in ensuring free and fair elections in Nigeria and other places in the world.

“I also extend my warm congratulations to the people of the United States, whose unwavering faith in the power of democracy and the sanctity of the ballot has once again shown the world the true might of the people’s voice. –AA”