Governor of the Central Bank of Nigeria, Godwin Emefiele has revealed that the Dangote Group has remitted 70 percent of the loans it obtained from the apex bank to build its oil refinery. He said, “We have it on good authority that the Dangote Group has paid off some portion of these commercial loans even before this commissioning today,” Emefiele said. “Today, total loans outstanding have dropped from over $9 billion when this project started to N2.7 billion. This reflects the astute credit worthiness and commercial capability of the group and its chairman, Alhaji Dangote. “They provided immense support and exceptional understanding, even when interest payments and principal repayment had fallen due.”

The Supreme Court, on Monday, fixed May 26, 2023 to deliver judgment in an appeal brought before it by the Peoples Democratic Party (PDP) against Bola Tinubu and Alhaji Kashim Shettima of the All Progressives Congress (APC). He said the apex court would determine whether there was double nomination and whether they had locus standi (legal right) to do so. The three-member panel of Justices of the Court of Appeal held in the unanimous judgment that the PDP failed to establish its locus standi to institute the legal action. “The appellant, having failed to disclose its locus standi, this appeal fails and it is hereby dismissed,” the appellate court held and proceeded to affirm the judgment of the Federal High Court. The party claimed that Shettima had double nominations and argued that Shettima’s nomination as a vice-presidential candidate as well as the candidate for the Borno Central Senatorial seat was in contravention of the law.

The Presidential Flood Committee, on Monday, announced that Nigeria would need about N3.4tn to tackle flood disasters across the country, particularly during the rainy season. ), also recommended the establishment of an 18-man National Flood Management Council, to be chaired by the Vice President of Nigeria. He said the council was necessary because there had not been any one that was set up to address the flood disasters across the country. He said the proposed 18-man National Flood Management Council would also deal with any other matter that would be directed by the President. The committee, however, pointed out that the federal, state and Local Governments had not invested adequately in flood management infrastructure, but had been investing on post-disaster projects.

KUALA LUMPUR: Malaysia-born stand-up comedian Nigel Ng has been suspended from Weibo, China's equivalent of Twitter, after posting a clip poking fun at the Chinese government. According to The Guardian, the comedian - better known as Uncle Roger - published a clip from an undated stand-up show on Twitter last Tuesday (May 16) with the caption “Uncle Roger about to get cancelled”. In the video clip, Ng is seen lightheartedly teasing China in his stand-up routine. In one interaction with an audience member, Ng asks a man where he comes from. When the member of the audience says that he was from Guangzhou in China, Ng responds with “China, good country, good country” which elicits laughter from those present.

The Lagos State Police Command has said a team delegated by the President, Major General Muhammadu Buhari (retd. ), has been working with the command to ensure adequate protection of dignitaries and invited guests during the official opening of the Dangote Refinery on Monday. The advance team of Mr President arrived a few days ago and has been working with us and other sister security agencies. We are confident everything will be fine,” Hundeyin said in reaction to a question on the command’s readiness for the official opening of the Dangote Refinery in the state. As the Dangote Refinery begins operations today, the 650,000 barrels per day oil processing facility was designed to process crude oil grades from the three continents of Africa, Asia and America.

Manchester City’s Norwegian striker Erling Haaland (R) celebrates with teammates after scoring his team third goal during the English Premier League football match between Arsenal and Manchester City at the Emirates Stadium in London on February 15, 2023. (Photo by Glyn KIRK / AFP) Manchester City have won their fifth Premier League title in six seasons after Arsenal lost 0-1 to Nottingham Forest yesterday, leaving them four points behind with only one game left to play. “The Premier League is without doubt the most demanding and competitive league in the world so that tells you everything about what an achievement this is. That quality and consistency help sum up what Manchester City stands for and ensures the Club will continue to strive for success going forward. “It has been a season I will never forget.” Sport 16 mins ago Arsenal manager Mikel Arteta graciously congratulated Manchester City for winning the Premier League on Saturday, but there was no concealing his agony.

Members of the Academic Staff Union of Universities in the early hours of Monday re-elected Professor Emmanuel Osodeke unopposed as their National President to pilot the affairs of the union for another two years. They were re-elected during their 22nd National Delegates Conference of ASUU which was hosted by the University of Jos, Plateau State between May 19 and 21, 2023. Osodeke who spoke with our correspondent on his way to Abuja after the National Delegates Conference described it as successful. He said “We have finished with our national delegates conference in Jos. We will issue a statement regarding the conference and my re-election and other national officers when we get back to our station .

At least 20 people died and several others were injured in a fire at the Mahdia Secondary School in the central Guyanese mining town of Mahdia, officials say. The incident happened in the early hours of Monday, engulfing a secondary school dormitory and trapping students. Several more people have been injured and some are being prepared for evacuation to the capital, Georgetown, where a special centre has been set up. The Guyanese government’s initiative to raise the standard of education in the country’s less developed regions is focused on the Mahdia Secondary School Dormitory, where the fire occurred. The building of the school dormitory is referred to in past government comments as an endeavour to “bridge the gaps between the hinterland and coastal areas.”Guyana is located between Venezuela and Suriname on the northern coast of South America.

A new bill to impose five years’ mandatory service on Nigeria’s medical graduates in an effort to stop the exodus of doctors to the UK and the US has been attacked as “obnoxious”. “The government has invested so much money in training these medical doctors,” he said. It is another factor driving Nigerian doctors abroad. The UK is the biggest recruiter of Nigerian doctors, alongside Canada, the US and Saudi Arabia. Nigerian doctors say that the country’s private sector suffers even more than the state-funded system.

Following purported Court judgement by the Federal High Court in Kano State, nullifying the candidature of the Abia State Governor-elect, Dr Alex Otti, the United Abia Artists and Patriots (UAAP) has called on those behind the push to displace the Governor-elect to refrain from that and allow him focus on delivering good governance to the state. He said the last gubernatorial election in Abia State was a battle between a political cabal that has impoverished the people and Abians themselves. “This is the fierce battle Dr. Alex Chioma Otti OFR has been fighting for the past 8 years, but this time around the people stood their ground and God’s help saw us through. The day Abians defeated the political criminal cabal that have held the people hostage, hijacked our commonwealth and impoverished the masses. The group assured Abians and Nigerians in general that the mandate of Dr Otti is safe and secured and cannot be stolen.

Experts believe that Nigeria can overcome its socioeconomic obstacles through technological advancements and the creative skills of its youth. This was the fallout of a Hi-Tech Level Discussion with the theme ‘A New Nigeria: Leadership Imperatives for Radical Growth and Transformation’, which was organized by the Triune Foundation in Lagos at the weekend. See what has happened in the entertainment industry and information communication technology sector. “Drawing from past experience, the core of policing is anchored on technology for effectiveness. What I mean, technology has taken human beings from the ordinary detection of things to another level.

Amayaebvo also stressed the need to leverage technology for best practices, noting the importance of online marketing tools and Google maps for real estate practice. - Advertisement -One of the key areas of focus for real estate professionals is technology. However, the country’s yearly housing requirement is put at 700,000 units, offering significant opportunities for investors and practitioners in the real estate sector. In order to take advantage of these opportunities, real estate professionals must be ready to adjust and adapt to changes in the industry. As the old order of practice crumbles, a new frontier is emerging in the Nigerian real estate sector, and those who are ready to chart a new course will be well-positioned for success.

PEOPLE have always wondered where the term ‘yahoo yahoo’ came from. Messenger service; and this is where the term ‘yahoo yahoo’ came from. With help of cyber cafes in the 90s scamming became easy. The Nigerian government did try to stop them through raids on cyber cafes. The early 2010s signaled the end of cafes and brought about a mobile generation of cyber criminals free from the shackles of cyber cafes.

An Army veteran who lost both his legs in Afghanistan has reached the top of Mount Everest in an attempt to make mountaineering history. Hari Budha Magar, a former soldier in the Gurkha regiment, set out to be the first double above-the-knee amputee to scale the mountain. Hari, 43, who lives in Canterbury, took on the challenge to “inspire others” and change perceptions of disability. He reached the summit at about 15:00 BST on Friday, his team said. Over a satellite phone call, he told them it was “harder than I could have ever imagined.”He said they just had to “carry on and push for the top, no matter how much it hurt or how long it took.”Hari lost his legs when he stepped on an improvised explosive device in Afghanistan in 2010.

The Nigeria U-20 national team, also known as the Flying Eagles, has recorded a win in their opening match of the 2023 FIFA U-20 World Cup in Argentina. However, the team had to come from behind to secure a hard-fought 2-1 victory over the Dominican Republic. The Flying Eagles, who have been finalists twice in the U-20 World Cup, responded eight minutes later with an own goal from Guillermo Rosario. The Flying Eagles have always boasted of a rich pedigree in youth football, and they will be hoping to continue their excellent start when they face Brazil in their second group game. Nigeria fans will be thrilled with the result and will hope that their team can continue to fly high in the tournament.