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Dangote Refinery has clarified that they did not receive a $1 billion loan from NNPC.

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In a recent statement, the management of Dangote Group has addressed claims made by the Nigerian National Petroleum Company Limited (NNPCL) regarding a purported $1 billion loan that was said to have supported the Dangote Refinery. Anthony Chiejina, the Group Chief Branding and Communications Officer, emphasized that this assertion is misleading.

Chiejina clarified that the $1 billion in question was not a loan but rather part of a larger investment agreement. Specifically, NNPCL was expected to pay $1 billion as part of a total investment of $2.76 billion for a 20 percent stake in the refinery. The failure of NNPCL to fulfill the agreed terms has resulted in a significant reduction of its stake to 7.24 percent.

The statement further elaborated on the context of the partnership, noting that the collaboration was established due to NNPCL’s strategic position as the largest off-taker of Nigerian crude oil and its role as the sole supplier of gasoline in Nigeria at the time. The agreement included provisions for the recovery of the remaining balance over five years through deductions from crude oil supplied to the refinery and dividends owed to NNPCL.

In conclusion, Dangote Group seeks to clarify the nature of its financial arrangements with NNPCL, asserting that the recent claims do not accurately reflect the true nature of their partnership and investment in the Dangote Refinery.

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**The Lifting of the Mining Ban in Zamfara State by Tinubu Government.

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In a significant policy shift, the Federal Government of Nigeria has formally lifted the five-year ban on mining operations in Zamfara State, a decision underscored by recent improvements in the region’s security landscape. This announcement was made by the Minister of Solid Minerals Development, Dele Alake, during a press conference, indicating a renewed outlook for Nigeria’s rich mineral resources.

The initial ban, enacted in 2019, was a response to serious security threats that jeopardized lives and properties in Zamfara. However, as Alake noted, the proactive measures taken by security forces have led to a substantial reduction in incidents of insecurity. The minister highlighted the successful neutralization of key bandit commanders, which has paved the way for re-establishing safe and regulated mining activities in the state.

Zamfara boasts considerable deposits of gold, lithium, and copper, making it an essential player in Nigeria’s quest to enhance its national revenue. With the ban now lifted, the mining sector in Zamfara can contribute to the country’s economic revitalization. Alake emphasized the importance of regulating these activities to curb illegal mining, a malpractice that thrived during the ban and resulted in significant revenue loss.

Furthermore, the minister discussed a recent Memorandum of Understanding (MOU) with France, aimed at bolstering training and capacity building for local mining professionals. This agreement, along with similar ones signed with countries like Germany and Australia, underscores Nigeria’s commitment to enhancing the mining sector’s efficiency through international cooperation.

The lifting of the mining ban not only signals a potential economic boon for Zamfara but also represents a strategic move by the Federal Government to harness the country’s mineral wealth responsibly. As the nation looks forward to revitalized economic activities, the benefits of a regulated and secure mining industry could be transformative for Nigeria’s overall growth and development.

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How the rumors of my death affected my family – Yinka Quadri.

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In a recent interview, esteemed Nollywood actor Yinka Quadri addressed the distressing repercussions of a death rumor that circulated in June, causing considerable concern among his fans and family. The 65-year-old actor took to social media to clarify his wellbeing, stating unequivocally that he was “alive and well.” Despite this reassurance, the emotional toll on his family was significant.

Quadri expressed his disappointment in those who propagate such falsehoods, acknowledging the unnecessary stress and anxiety inflicted upon his loved ones. He remarked, “Weldone, you content creators,” encapsulating his feelings towards the individuals responsible for the rumor. While he emphasized that no one welcomes the spread of death rumors, he chose to leave judgment of the perpetrators to a higher authority.

The actor recounted how the rumor caused his children, who reside abroad, to experience heightened worry, prompting frequent calls to verify his safety. Quadri’s experience underscores the profound impact that misinformation can have on individuals and their families, drawing attention to the ethical responsibilities of content creators in the age of social media.

In conclusion, the fallout from such rumors serves as a reminder of the importance of compassion and truthfulness in our communications, particularly when it concerns matters of life and death.

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Jada Pollock emphasizes that she is not solely defined by being Wizkid’s baby mama.

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In a recent interview, Jada Pollock, the talent manager and mother of Wizkid’s children, voiced her concerns about the limiting label of “baby mama.” Expressing her frustration, Pollock pointed out that this label often overshadows her individual accomplishments and professional identity.

During the conversation, Pollock recounted a specific incident following Wizkid’s Grammy win. She had released a statement celebrating the growth of Afrobeat, a genre that has gained international acclaim. However, to her dismay, the media opted to characterize her contribution by the label “Wizkid’s baby mama,” undermining her entrepreneurial efforts and dedication. “The narrative does not recognise that you’re an entrepreneur and a hardworking businesswoman,” she remarked poignantly.

Pollock’s efforts extend beyond motherhood; she plays a vital role as a manager, actively contributing to the legacy of Afrobeat. Since beginning their relationship in 2014, Pollock and Wizkid have welcomed two sons, Zion and AJ. Jada Pollock’s experience highlights the importance of acknowledging individuals for their multifaceted roles beyond traditional labels, advocating for recognition of their professional identities amidst personal ones.

As society continues to evolve, it is crucial to embrace a broader perspective on the roles women play, particularly in the entertainment industry, where contributions often transcend personal relationships.

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