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The Etisalat Group, parent company of Etisalat Nigeria, has informed the Abu Dhabi Securities Exchange that a group of Nigerian commercial banks have refused to agree to the restructuring of 541 billion Naira debt owed by the company. A statement issued on Tuesday by the telecoms group, said its total shares in the subsidiary, Etisalat Nigeria have been transferred to United Capital Trustees Limited. The deadline for the transfer of the shares has been agreed to extend till 5:00 pm Nigerian time on Friday, June 23. Abu-Dhabi based Etisalat group established Etisalat Nigeria with effective 45 per cent and 25 per cent ordinary and preference shares respectively. Reuters quoted an official of Etisalat Nigeria as saying that discussions with the group of Nigerian commercial lenders are ongoing to find a ”non-disruptive” solution to the 1.2 billion U.S. dollar-debt.

President Muhammadu Buhari, has reportedly been resisting attempts by some government officials, including ministers to undermine Acting President Yemi Osinbajo, He has refused to see such officials who sneak to the United Kingdom with files for his signature, it was gathered. the source said,  Buhari rejected the files and asked the affected government functionaries to take all documents and issues to Acting President Osinbajo. He has also refused to grant audience to ministers and some presidential aides who indicated interest to see him.But the President met with First Lady Aisha during her recent trip to London. Sources said the President insisted that his administration runs one Presidency and since there is an Acting President in place, any attempt to create a division by anyone will not be tolerated. It was gathered that one of the delegations that went on a futile trip to see Buhari returned to Abuja on Wednesday a few hours to the signing of the 2017 Budget by the Act...

President of the Omega Fire Ministries, Apostle Johnson Suleman, has expressed outrage at the removal of Christian Religious Knowledge (CRK) as a subject of study from the secondary school curriculum, describing it as a move by President Muhammadu Buhari to Islamise Nigeria. Recall that the Christian Association of Nigeria (CAN) complained about the development during its meeting with Acting President Yemi Osinbajo at the Presidential Villa, Abuja. The delegation led by its President, Rev Dr Samson Olasupo Ayokunle, also  listed demands on the matter  and other burning issues in a letter delivered to Osinbajo. In a statement issued on Sunday by Phrank Shaibu, spokesman of the church, Apostle Suleman, stated that the decision to scrap CRK as a subject in the curriculum but only to be studied as a theme in civic education while leaving Islamic/Arabic studies as a subject to be studied in the secondary school curriculum, is a deliberate plot by the Buhari administrat...

Justin Bieber: “God is Good in the Midst of the Darkness” Only two weeks since a suicide bomber left 22 dead and more than 50 others injured at an Ariana Grande concert in Manchester, more than 50,000 people came together to raise money and stand in support of the victims, their families, and the city of Manchester. A-list stars came out to perform and offer a token of unity to the crowds, but when Justin Bieber hit the stage, he took the focus off of himself, and put it on the goodness of God. Bieber started by sharing some emotional words with the crowd “I just want to say thank you so much for having me. You guys are so brave,” he said. “What an amazing thing we’re doing tonight, would you not agree? Would you agree that love always wins?” Then he did something that no one was expecting… He really started preaching “I’m not gonna let go of hope, I’m not gonna let go of love, I’m not gonna let go of God. Put your hand up if you’re not gonna let go...

Entertainment Weekly, Us Weekly and People magazines confirmed the news, but the date of birth and gender of the babies are not yet publicly known American pop star Beyonce has given birth to twins, according to media in the US. Entertainment Weekly, Us Weekly and People magazines confirmed the news, but the date of birth and gender of the babies are not yet publicly known. Beyonce, who is married to rapper Jay-Z, announced her pregnancy in an Instagram photo in February – the most-liked post in history on the network. The couple already have a daughter, Blue Ivy, aged five. There has been no official confirmation of the birth from Beyonce and Jay-Z themselves. Other photos Beyonce posted after her pregnancy announcement showed her swimming under water, reclining on a bed of roses and sitting naked on a floral throne. In one, the ‘Lemonade’ singer stood naked, cradling her belly with one hand and a breast with the other, next to the sculpted head of an Egyptian ruler. Speculat...

 It is now a difficult moment for transporters, commuters and motorists shuttling  between the northern and southern parts of the country through Ilorin-Mokwa-Jebba road. This is because the two major bridges linking the two parts of the country collapsed in the last  two weeks as a result of torrential rainfall in the area. One of the bridges is in Tatabu/ Gidan Moin along Jebba- Mokwa road while the  other, Bokani bridge, is  along Tegina-Makera road, both in Mokwa Local Government Area of the state. Bokani bridge was  washed off last week, forcing vehicles, especially trucks, to divert  from  Makera- Tegina road to Bida- Minna road. Tatabu bridge, washed away, last Sunday night  after a torrential rainfall, has left  all categories of vehicles plying the busy road stranded for days while some trucks fell into the bridge but no life lost. Some smaller vehicles were however lucky to escape from the spot after creating alternative routes...

UNIVERSITY OF NIGERIA Office of the Vice-Chancellor (Information & Public Relations Unit) Ref. No:  UNN/VC/PR/133                                             Date:  June 02, 2017 Subject: GOVERNMENT OF JAPAN (Monbukagakusho: MEXT) SCHOLARSHIP FOR 2018 (Graduate Level) The Ministry of Education, Culture, Sports, Science, and Technology (MEXT) Japan, offers scholarship to international students who wish to study in graduate courses at Japanese universities as research students (either non-degree or degree students) under the Japanese Government (MEXT) Scholarship Programme for 2018. The academic year beginning in April and October 2018, is open to graduate students not more than Thirty-Five (35) years of age. You can download the Application Forms...

Acting President Yemi Osinbajo has signed the 2017 Appropriation Bill into law, one month after it was passed by the National Assembly. Senate President Bukola Saraki and Speaker of the House of Representatives, Yakubu Dogara, joined the Acting President at the Presidential Villa for the signing of the budget. The National Assembly passed the budget of N7.44tn on May 11 after increasing it from the N7.29tn proposed by the executive. Professor Osinbajo described the signing of the budget as “an important milestone” in the economic recovery and growth plan laid in April by President Buhari. Earlier in the day, the Senior Special Assistant to President Muhammadu Buhari, Mr Garba Shehu, said the President had given Professor Osinbajo his backing to sign the budget. Mr Shehu said in a statement that the President had in a letter dated June 10 and addressed to the Minister of Budget and National Planning, Udo Udoma, said it is in the interest of the nation’s economy for...

Acting President Yemi Osinbajo has signed the 2017 Appropriation Bill into law, one month after it was passed by the National Assembly. Senate President Bukola Saraki and Speaker of the House of Representatives, Yakubu Dogara, joined the Acting President at the Presidential Villa for the signing of the budget. The National Assembly passed the budget of N7.44tn on May 11 after increasing it from the N7.29tn proposed by the executive. Professor Osinbajo described the signing of the budget as “an important milestone” in the economic recovery and growth plan laid in April by President Buhari. Earlier in the day, the Senior Special Assistant to President Muhammadu Buhari, Mr Garba Shehu, said the President had given Professor Osinbajo his backing to sign the budget. Mr Shehu said in a statement that the President had in a letter dated June 10 and addressed to the Minister of Budget and National Planning, Udo Udoma, said it is in the interest of the nation’s economy for...

- The Nigerian Meteorological Agency has predicted cloudy weather conditions over the central states of the country on Tuesday morning - NiMet’s Weather Outlook also predicted day and night temperature of 28 to 35 and 18 to 27 degrees Celsius respectively - The agency also predicted of localised thunderstorms over Abuja, Minna, Jos, Bauchi, Kaduna The Nigerian Meteorological Agency (NiMet) has predicted cloudy weather conditions over the central states of the country on Tuesday morning with prospects of thunderstorms over Bida, Minna and Ilorin. NiMet’s Weather Outlook by its Central Forecast Office (CFO), on Monday also predicted day and night temperature of 28 to 35 and 18 to 27 degrees Celsius respectively. READ ALSO: Magu, the Sun newspaper fight dirty over invasion by EFCC It added that the there would be prospects of localised thunderstorms over Abuja, Minna, Jos, Bauchi, Kaduna, Ilorin and Mambilla Plateau later in the day. Nimet predicts that Nigeria will experience nationwide ...

Nigerian Electricity Regulatory Commission (NERC) has ​stated that electricity consumers ​that were ​not provided with prepaid meters ​as at​ March 1 to stop paying electricity bills presented by Distribution Companies (DISCOs) on the basis of estimated billing methodology. The commission also ordered the DISCOs not to disconnect any such customer that refuses to pay the bills and further advised such customers to report to the commission if disconnected. NERC ​in​ a statement on its website​ at the weekend​​, said​ in line with its mandate of protecting the rights of customers, NERC had in June 2016 after consultation with the operators, directed DISCOs to conclude metering of all customers before November 30, 2016. ​NERC added that the sanction was sequel to the expiration of the initial directives by NERC and the moratorium period given to DISCOs to meter consumers. The statement reads in part:​ ​“A directive was issued to distribution companies by the Commissio...

This is to inform members of the Convocation and the University Community that a meeting of Convocation has been fixed for  Saturday, June 10, 2017  by  11.00 a.m.  at Ekpo Convocation Arena to elect Convocation Representative into the Governing Council. Accreditation will take place from  8.00a.m. to 11.00 a.m.  and the following are requirements for accreditation: (a)     For Staff of the University:  Staff ID Card, Photocopy of Degree Certificate/Statement of Result and either National ID Card/Driver’s License or National Voter’s Card. (b)    For non-Staff Members:  Original Alumni ID Card, Photocopy of Degree Certificate/Statement of Result and either your National ID Card/Driver’s License or National Voter’s Card. Voting will commence at  11.00a.m. The updated list of membership shall be displayed from  June 6 – 7, 2017  for cross-checking and correction of errors. Wishing you ...

A recession is perhaps rather simply a reduction in economic activities, particularly in trade and industry, it is generally accompanied by rising  inflation.  In my view, a focus on inflation is an ideal way to explain a recession to Nigerians. Inflation means rising prices due to a reduction in a currency’s purchasing power. Basically, as prices rise people spend more on less, this creates a knock down effect which reduces economic activity. For example, the average University student who used to visit the barber two times a month, due to having to spend more on food now visits every two months. The barber’s income is reduced so he too cuts down on his spending. The reason I’m emphasizing inflation is due to an in my opinion very dangerous idea that is slowly taking root. Seriously, looking at where we find ourselves despite our “potentialities” (as our Senators keep saying), despite our culture being very respectful of elders, I think its fair to say if an economic idea ...