Business

Kayode Olorundare

Kayode Olorundare

Governor Aiyedatiwa of itOndo is expected to be declared as the winner of the 2024 gubernatorial election in Ondo. In the ruling expected on Wednesday the tribunal' judgment is being expected.

The initial loan tranche of US$2.25 billion to Nigeria is made possible by UBA and Afrexim.

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The African Export-Import Bank (Afrexim Bank), acting as the local arranger, United Bank for Africa (UBA), has disbursed Nigeria's first tranche of the US$2.5 billion facility. This major US$2.5 billion liquidity assistance facility for Nigeria has been authorized to be arranged locally by UBA, a well-known member of the FUGAZ group. As the Mandated Lead Arranger for the structured financing facility, Afrexim Bank is essential to this financial endeavor.

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Guvnor and Sahara Energy are also included in the arrangement as important parties to the transaction, emphasizing the cooperative efforts of several stakeholders.

 

January 2024 is when the facility's remaining balance of US$1.05 billion is expected to be released. Furthermore, we are aware of further initiatives to destabilize the foreign currency (FX) market. spearheading domestic and African-focused organizations are spearheading and actively working to find answers to Nigeria's economic problems.

Super Falcons striker Asisat Oshoala is hosted by Tinubu in Lagos Asisat Oshoala, the 2023 CAF Women's Player of the Year and striker for the Super Falcons, was received by President Bola Tinubu and First Lady Senator Oluremi Tinubu on Thursday in Lagos. The Barcelona Femeni star won the Best African Female Footballer of the Year award for a record-breaking sixth time, and President Tinubu and the First Lady thanked her. The First Lady and the President praised Oshoala for her accomplishments in the game and her major contributions to women's football on the continent.

 

Asisat Oshoala, the 2023 CAF Women's Player of the Year and striker for the Super Falcons, was received by President Bola Tinubu and First Lady Senator Oluremi Tinubu on Thursday in Lagos. The Barcelona Feminine star won the Best African Female Footballer of the Year award for a record-breaking sixth time, and President Tinubu and the First Lady thanked her.

Asisat Lamina Oshoala

The First Lady and the President praised Oshoala for her accomplishments in the game and her major contributions to women's football on the continent. "Nigerian women will hold a proud position in the globe forever. In addition to what our women have accomplished in football, they are attaining success in other spheres of human effort globally and exemplifying the greatness, perseverance, inventiveness, and resilience that characterize Nigerians.

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 The President is aware of the achievements of prominent sprinter Tobi Amusan and the inclusion of several Nigerian women on Forbes' "2023 World's 100 Most Powerful Women" list, such as media magnate Ms. Mo Abudu and World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala, the President and First Lady gave Oshoala assurances that the country would support her and other Nigerian women pursuing excellence in their chosen fields.

 

"I want to thank the President and the First Lady for allowing me to present the award to them," Oshoala remarked following the cordial welcome. We had a few problems at the previous World Cup, and they stepped in and helped the girls out, even after the tournament.

Wednesday, 20 December 2023 15:39

CHELSEA QUALIFIES FOR EFL SEMI FINAL

Chelsea somehow survived a late 1-1 draw to defeat Newcastle 4-2 on penalties to book their place in the Carabao Cup semi-finals.

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Here was another dagger in the chest right at the end, following the late anguish of the contentious penalty against Paris Saint-Germain that ultimately proved costly in the Champions League. Two minutes into the match, Mykhailo Mudryk sent an intense draw to a penalty shootout, which put the Magpies one point away from their first-ever away triumph in a League Cup quarterfinal. And how, with the home fans about to flip, Mauricio Pochettino needed that.

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In the third minute of injury time, the Ukrainian scored a goal after taking advantage of a mistake made by Kieran Trippier. The Newcastle defender then failed to convert his penalty kick, and Djordje Petrovic came to the rescue by tipping over Matt Ritchie's attempt. Though their traveling supporters continued to cheer for Howe and his squad, this has been a painful time both physically and figuratively.

KaY TV

Wednesday, 20 December 2023 14:58

TRUMP FACES BAN IN COLORADO STATE

Because of his behavior before the incident on January 6, a judge has decided that Donald Trump is unable to run for president in Colorado. What effect does this have on the general election, then? According to the verdict, Mr. Trump was not qualified to run in the state's Republican primary because of a provision in the US Constitution that bars citizens from participating in rebellion. In an attempt to reverse the ruling, Mr. Trump has said he would file an appeal with the US Supreme Court, potentially reshaping the 2024 election. In November's election, the former president is predicted to be the Republican nominee and take on Democratic President Joe Biden.

Justices

Why did this decision come from the Colorado Supreme Court? It claimed to have discovered "clear and convincing evidence that President Trump engaged in the insurrection". "A majority of the court holds that Trump is disqualified from holding the office of president under Section 3 of the 14th Amendment," it stated. People who participate in "insurrection or rebellion" against the Constitution are excluded from federal office under Section 3. It was an attempt to prevent supporters of southern states seceding from the Union from reentering government employment and dates back to the post-Civil War period. 

This is the first time a presidential contender has been disqualified under Section 3. The 4-3 decision indicates that three justices on the court do not think there is a valid reason for Mr. Trump to be disqualified from the election. According to the extensive 213-page verdict, Mr. Trump's acts leading up to January 6 did indeed amount to rebellion. In Colorado, his attorneys said that since he was not the cause of the disturbance, he shouldn't be disqualified. In 2024, will Donald Trump be able to win? Indeed.

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Since this verdict only pertains to Colorado, Mr. Trump is still eligible to compete in other Republican primaries, where each party will continue to look for a nominee for president on a state-by-state basis. As he has a significant lead over his Republican opponents, he can still secure his party's candidacy without having to run in Colorado. In 2020, Joe Biden defeated Donald Trump handily in Colorado, and it seems improbable that Mr. Trump will require victory in the state to win the election.

However, the general election may be affected more broadly. Similar cases attempting to prevent Mr. Trump from running are pending in dozens of other US states, and this ruling may increase the likelihood that some of them will be successful. In a presidential contest that is anticipated to be closely contested, it might be crucial if he were prevented from running in a state where he and Mr. Biden are tied for first place.

Coleman Wires and Cable started as a tiny enterprise in 1996, but we were officially incorporated as a corporation in 1975. I took on the role of Managing Director in 2021 when we had to reorganize our business to get beyond the early difficulties. Our narrative is one of grace from the bottom up. We were able to progressively expand from a micro-small business into a small, medium, big, and extremely huge business throughout the years by putting in time and effort. Although our business idea was initially modest, we deliberately grew it.

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Please be aware that our initial objective was to be the top-rated wire and cable provider in Nigeria, not to grow into the biggest business. We then discovered that all Nigerians favored locally produced cable over imported cable from outside. Our view widened when the issue of why we couldn't create a business that could serve both the domestic and international markets emerged. From a little business, we developed into a ripple facility that at the time was the biggest in West Africa. We began with 20,000 square meters, grew to 30,000 square meters, and then moved into the Shagamu facility, which started with over 100,000 square meters and is currently over 350,000 square meters.

 

We expanded into additional items and became the first in the nation and in West Africa, for example, high-voltage cables. Nigeria is now the sixth nation in the world to create these cables as a result of this accomplishment. Currently, Coleman produces more than half of its goods in Nigeria, West Africa, and the majority of sub-Saharan Africa better than any other firm. This achievement is a tribute to the narrative created by a team that is 99 percent Nigerian. It demonstrates how a Nigerian may develop naturally into a major competitor on the international stage.

It might take Marc Cucurella three months to recover after surgery. Putty / 9 hours ago Even though the Chelsea full-back will be out for up to three months following surgery, Marc Cucurella managed to crack a smile. Following early evaluations and recommendations from foot and ankle doctors, Cucurella was substituted during Sunday's match against Everton. It was then decided that Cucurella needed surgery.

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The 25-year-old full-back, who won't be back until February at the earliest, announced his operation on Instagram on Saturday, but he didn't say what kind of surgery it was. His left foot was spotted severely swollen and in a cast, as he lay on a hospital bed. Even though Cucurella was left out of Mauricio Pochettino's squad for the weekend, he still wanted to keep track of his teammates' progress in their game against Sheffield United.

Cucu

Despite being too exhausted following the operation to watch the game live, Cucurella was able to obtain a feed of it, as his companion shared in a photo. Cucurella posted a photo of himself standing up on crutches in the hospital hallway along with the caption, "Time to come back stronger," on Instagram. Teammates poured out their well wishes and assurances that he would 'come back stronger' in a barrage of supportive texts. Ben Chilwell, a teammate who is also injured, commented, "Back soon, brother!" "We will be with you all the way, Marc," Chelsea's official account continued.

 

Mauricio Pochettino, the manager of Chelsea, has been unlucky when it comes to his full-back problems. Chilwell and James would be Pochettino's starting full-backs if his team was completely healthy, but he will be without both for some time. Before Saturday's 2-0 victory against Sheffield United, Pochettino stated, "We have a lot of injury issues and it's like building a house and some of the stuff are not there but we need to keep believing." "The roof?" Not quite there. The architects and builders of the house are nice folks. We have the greatest firm, which consists of excellent, imaginative, and well-established architects.

 

However, strong foundations are necessary for building anything, and they might occasionally be impacted by the conditions. It's not the company's fault if water is there when you dig a hole. an unforeseen circumstance that prevents things from moving forward as quickly as you had anticipated. Regretfully, there were far too many hits directed at us.

Tears, tantrums, weather, and accidents in the potty. Any parent may relate to these childhood struggles. However, when Doron Katz Asher and her two small girls were held captive in Hamas, the ordinary caprices of children assumed an altogether terrifying significance. Militants would pound on the door of the room where she was being confined if the girls screamed. She didn't always have something to feed them when they were hungry. She watched over her girls while she slept, always keeping one eye open. "Fear was what I felt. Fear that perhaps because my girls are weeping and making noise, they'll receive a command from above to take them, to do something to them," Katz Asher said in a long interview that aired on Israel Channel 12 TV on Saturday night.

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Her story adds to the increasing body of liberated prisoners recounting their terrifying experiences of weeks held captive, while about 129 hostages are still held captive. On October 7, Hamas assaulted the peaceful agricultural hamlet of Kibbutz Nir Oz when Katz Asher, 34, and her children Raz, 4, and Aviv, 2, were visiting relatives. After being loaded onto a tractor, Katz Asher, her daughters, and her mother were taken to Gaza. She stated in the interview that her mother was killed and that she and Aviv suffered minor injuries after a gunfight that broke out between the extremists who had abducted them and Israeli soldiers.

 

They were among the roughly 240 individuals kidnapped that day, the fate of whom has shocked and affected Israelis. Katz Asher said that after arriving in Gaza, she and her kids were brought to a family's apartment, where her wounds were treated on a couch without the use of anesthetics while her daughters watched. Did she say if Aviv received treatment? The home's father claimed to have studied Hebrew while working in Israel years ago and was able to speak it. For the sixteen days they were detained at the house, they were guarded by a Palestinian woman and her two daughters.

 

They were given coloring pencils and paper and instructed to remain silent as they spent the time sketching. Katz Asher revealed that she began teaching her 4-year-old Hebrew handwriting. She started by teaching "aba," which is short for "dad." The noises of the Israeli military's intense bombing campaign surrounded them while her kidnappers gave her false optimism, claiming a deal for their release was close to being reached. Eventually, in late November, a brief cease-fire accord would set her and her girls free.

Friday, 15 December 2023 12:54

NIGERIA HITS THE DOUBLE

The trio of Victor Osimhen, Asisat Oshoala, and Chiamaka Nnadozie made Nigeria proud on Monday night at the 2023 CAF Awards in Morocco, according to the President of the Nigeria Football Federation Ibrahim Gusau. Nigeria made history by taking home three major trophies, making them the event's largest winner. Promotion Nigeria's 24-year drought for the prestigious African Player of the Year title came to an end when Victor Osimhen won it. After an incredible season with Barcelona that included a league championship and Women's Champions League gold, Super Falcons star Asisat Oshoala broke the record by winning her sixth African Women's Player of the Year title.

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African Women's Goalkeeper of the Year went to Chiamaka Nnadozie, another Super Falcons player. The Super Falcons' outstanding performance at the 2023 Women's World Cup in Australia and New Zealand earned them the title of women's team of the year.

Gusau revealed his happiness during a night in Morocco that made history for Nigeria. "I am very excited tonight," Gusau declared. This has been extremely beneficial for both our football team and our nation overall. I salute the Super Falcons collectively and Osimhen, Oshoala, and Nnadozie for giving us this distinction. I would demand that they all carry on doing what they do best, continue to advance, and continue to triumph. For them, the sky will be the beginning. Gusau was there.

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The Super Falcons' women's team of the year title was given to him. He dedicated the prize to all African women's football teams.

Nnadozie took use of the chance to inspire young football players to pursue their goals. "To all the young ladies seeing themselves as football players when they grow up in Africa—believe me, dreams do come true. Although my father didn't want me to play football, I do not doubt that he would be pleased to witness this. So, keep working and dreaming, and I'm sure you'll reach this point eventually.

Asisat Lamina Oshoala

Femi Otedola, one of Nigeria's most prominent billionaire investors, claims that Aliko Dangote's $20 billion refinery will help Nigeria achieve its goal of net-zero emissions by 2060, contributing to the country's economic development. A Sunday post on X (previously Twitter) from Otedola announced this. She also congratulated Aliko Dangote, calling him “my bestie @AlikoDangote as the 8th wonder of the world.” Otedola said that the refinery was a "beacon of hope for not only millions of Nigerians but also Africans," underscoring its significance.

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Additionally, it leads the charge in promoting environmental sustainability. It will help Nigeria reach its goal of net-zero emissions by 2060 by helping to capture up to 90%+ of the CO2 emitted through its carbon capture technologies and storage processes. It will also significantly contribute to lowering well-to-tank carbon emissions from crude oil maritime transportation, he tweeted. According to credible sources, the refinery will bring in over $27 billion a year from the sale of petroleum products, largely through exports, including urea, polypropylene, aviation fuel, gasoline, and kerosene. Otedola broke down the complex characteristics of the Dangote Petrochemical Complex, describing it as the largest single-train petroleum refinery in the world with a daily production capacity of 650,000 barrels.

Dangote Refinery 1

It also has two of the biggest fertilizer trains in the world, able to produce three million tonnes of urea annually, and a polypropylene factory with a yearly capacity of one million metric tons.

Dangote's visionary leadership and unwavering pursuit of greatness were praised by Otedola, who also acknowledged the difficult road that needed to be taken to realize this transformational ambition. He outlined certain eco-friendly practices, such as the refinery's 100% water recirculation and its potential to generate 50MW of power by absorbing process heat. He also underlined the refinery's contribution to environmental preservation, especially in terms of manufacturing Euro 5 to replace subpar Euro 5 that is disposed of in Africa.

Femi Otedola, one of Nigeria's top billionaire investors, claims that Aliko Dangote, the richest man in Africa, intends to use his $20 billion refinery to help Nigeria achieve its goal of net-zero emissions by 2060, contributing to the country's economic development. Declaring this on Sunday, Otedola sent a heartfelt congrats to Aliko Dangote on X (formerly Twitter), calling him “my bestie @AlikoDangote as the 8th wonder of the world.” Otedola stressed the refinery's importance, citing it as a "beacon of hope for millions of Nigerians and Africans." Additionally, it leads the charge in promoting environmental sustainability. Up to 90%+ of the CO2 released will be captured by its carbon capture technology and storage procedures, which will also significantly lower well-to-tank carbon emissions.

 

According to dependable information gathered by Nairametrics, the refinery would bring in over $27 billion a year from the sale of petroleum products, largely through exports, including urea, polypropylene, aviation fuel, gasoline, and kerosene. Otedola broke down the complex characteristics of the Dangote Petrochemical Complex, describing it as the largest single-train petroleum refinery in the world with a daily production capacity of 650,000 barrels. It also has two of the biggest fertilizer trains in the world, able to produce three million tonnes of urea annually, and a polypropylene factory with a yearly capacity of one million metric tons. Dangote's visionary leadership and unwavering pursuit of greatness were praised by Otedola, who also acknowledged the difficult road that needed to be taken to realize this transformational ambition.

 

He outlined certain eco-friendly practices, such as the refinery's 100% water recirculation and its potential to generate 50MW of power by absorbing process heat. He also underlined the refinery's contribution to environmental preservation, especially in terms of manufacturing Euro 5 to replace subpar Euro 5 that is disposed of in Africa. It is anticipated that 650kbpd of refined products and 650,000 barrels of crude oil sent out of Nigeria each day will reduce CO2 emissions by 1.5–2.5 million tons. Noting that the refinery's activities will not only fulfill Nigeria's demand for refined petroleum products but also support energy security and independence, functioning as a catalyst for economic progress in the subcontinent, Otedola congratulated Dangote for his major efforts. He ended by expressing his sincere congratulations to Aliko Dangote and reiterating how proud Africa is of his accomplishments.

Tuesday, 12 December 2023 17:00

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