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Elon Musk Regains ‘World’s Richest Person’ Title

Elon Musk has been announced as the richest man in the world.
He regained his spot as the world’s richest person after briefly losing it to the French tycoon behind luxury-goods powerhouse LVMH, Bernard Arnault some months back..
The CEO of the French luxury brand, Louis Vuitton, dethroned the Tesla boss, pushing him to the number two spot for more than two months.
According to Bloomberg, a surge in Tesla stock has catapulted Musk back to the top of the Billionaires Index.
As of Monday, February 28, after the markets closed, Musk’s net worth was approximately $187.1 billion, surpassing Arnault’s $185.3 billion fortune.
Musk’s wealth was boosted nearly 70% surge in Tesla Inc.’s stock price this year, about 100% from its intraday low on January 6 as investors pile back into bets on riskier growth stocks amid signs of economic strength and a slower pace of Federal Reserve interest-rate increases.
The company has also benefited from more demand for its electric vehicles after cutting prices on several models.
Tesla shares rose from 5.5% to $207.63 at 4 p.m. in New York, boosting Musk’s net worth to $187.1 billion.
The 51-year-old tech boss entered 2023 with a net worth of $137 billion, after becoming the first person ever to lose $200 billion from their fortune and raising the prospect that he might struggle to reclaim his title as the world’s richest individual.
Musk’s loss came amid the fallout from his $44 billion purchase of Twitter where he has laid off thousands of workers while wading into thorny political debates.
Tesla investors had voiced concerns that Musk was spending so much time trying to right the ship at Twitter, ‘neglecting’ Tesla to suffer.
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NECO extends 2022 registrations to June 20

The National Examinations Council on Sunday announced that it has “extended the Registration period of the 2022 Senior School Certificate Examination for school-based candidates to midnight of Monday 20th June 2022”.

The examination agency made this known in a statement made available to The PUNCH in the early hours of Monday.

Kilamity reports that the registration period was initially scheduled to close on Monday 30th May 2022.

“State Ministries of Education, Principals, Commandants, and all stakeholders are enjoined to note that there would be no further extension after that.

“The 2022 NECO Senior School Certificate Examination will commence on 27th June 2022, and end on Friday 12th August 2022.

“Candidates are to be examined in 76 subjects during the examination,” the examination body noted.

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Accept Defeat And Retire To Dubai – Fayose Tells Atiku

A former governor of Ekiti State, Ayodele Fayose has urged the Peoples Democratic Party presidential candidate, Atiku Abubakar to accept defeat in the 2023 presidential election and relocate to Dubai.
Fayose who is a PDP chieftain, made the call in a tweet on Monday night.
He wrote, “Our candidate, H.E. Atiku Abubakar (aka ‘Atiku is coming’) should accept defeat in maturity and retire peacefully to Dubai.
 
“At this juncture, may I say good night and goodbye to all you represent.”
Fayose is also among the main opposition party aggrieved chieftains asking for the removal of the PDP National Chairman, Iyorchia Ayu, following the emergence of Atiku as the party’s standard bearer in 2022.
Although Atiku has won some states in the already declared results, he is still trailing the All Progressives Congress presidential candidate, Bola Tinubu.
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CBN Appoints Isa Abdulmumin As Spokesman

Dr Isa Abdulmumin has been appointed by the Central Bank of Nigeria, CBN,  as its Acting Director, Corporate Communications Department.

Abdulmumin takes over from Mr Osita Nwanisobi, who has retired from the apex bank.

Until his appointment, Dr Abdulmumin was a Deputy Director in the Corporate Communications Department.

His predecessor, Nwanisobi, took over in October 2020 when Mr Isaac Okorafor, retired from service.

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Banks Shut Branches Early Ahead Of Polls

Deposit Money Banks have made some new announcements.

The banks announced they will be closing early on Friday, a day ahead of the presidential polls holding nationwide on Saturday.

In notices issued by banks to their customers seen by our correspondents, the banks said they would be closing earlier than their 4:00 pm official closing time.

They, however, advised their customers to make use of their alternative banking solutions such as USSD, mobile apps etc.

First Bank in its notice told customers, “Kindly be informed that our branches nationwide will close to customers earlier than usual on Friday, 24 February 2023 by 1:00 pm.”

Stanbic Bank in an email addressed to customers said, “Please be informed that our branches will close by 1pm on Friday, 24 February 2023.

“Our customer contact centre will also not be available on Saturday, 25 February and Sunday, 26 February 2023 to attend to your calls and requests because of the election.”

Access Bank is closing earlier also at 12 noon.

In a circular issued on Thursday via email to customers, the bank said, “Our branches will close early on Friday, February 24, 2023, at 12 noon. This is to allow for the timely departure of customers and staff to their respective locations in preparation for the 2023 general elections scheduled for Saturday, February 25, 2023.”

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Tragedy As Eight Family Members Perish In Kaduna Fire

Eight family members perished in a fire that razed their house in Zaria, Kaduna State.

According to a report by Rariya, the incident happened on Wednesday night, February 22, 2023, in Hayin Ojo area of Sabon Gari, Zaria.

Details of the incident are still sketchy at the time of filing this report, however, it was gathered that the victims include a man, his wife and their six children.

The deceased were buried on Thursday according to Islamic rites.

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I Am The Envy of Many Presidents In The World – Buhari Boasts

President Buhari has boasted that many presidents in the world envy his position.
According to him, this is because of the support his government has received from the private sector in addressing societal issues.
The President said this while speaking at the commissioning and handover of security equipment valued at over N12 billion to the military and Nigeria Police Force on Wednesday, February 22.
“Today is indeed a very happy day for all Nigerians, and I can happily say that I’m the envy of many presidents in the world. I’m exceedingly honoured to be the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, at this time. I’m gratified to have the honour of leading a country whose private sector willingly galvanises itself to raise funds to enthusiastically support the government in resolving social ills.
 
I’m proud to say that there is nowhere in the entire world, except in Nigeria, where the private sector has voluntarily come together to assist government efforts. These 350 vehicles and thousands of vests and helmets you are handing over today will go a long way in boosting the capacity of our forces,” he said.
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Fake News – CBN Denies Plans To Shut Down Financial Transactions From Thursday February 23 Till Monday, February 27

The Central Bank of Nigeria CBN has rubbished a viral Whatsapp message stating that it will be shutting down financial transactions from Thursday, February 23 till Monday, February 27.

According to the viral message, bank networks will be unavailable so politicians will not be able to buy votes.

The apex bank debunked this on its Instagram  page, describing it as fake news.

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Just In: Supreme Court adjourns Naira redesign case till March 3

The Supreme Court has adjourned a case by the state governments against the Federal Government challenging the naira redesign.

The Supreme Court, after hearing from dozens of lawyers on both governor’s and federal government’s sides, said a judgment would be delivered on the matter next month. The judgment date will be after the presidential election on February 25. The court had previously issued an order saying the old notes should remain in circulation.

Arguments during today’s hearing focused on a contempt decision against Attorney-General Abubakar Malami, who had failed to implement the court’s decision for old notes to keep circulating until a substantive ruling on the matter.

The states, including Kaduna and Lagos, sued the Buhari regime earlier this month, arguing that implementing a change of banknotes at this time would harm citizens.

Recall that Banks have not been able to make available new notes to Nigerians, which has caused economic hardships. The Central Bank of Nigeria, which introduced the new notes on Mr. Buhari’s directive, said it would try to make available the much-sought N500 and N1,000 notes.

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BREAKING: Naira Crisis Suits Must Be Decided Today – Supreme Court

Daily Trust, the Supreme Court has made a declaration.

The court insisted that the dispute over naira redesign and swap policy must be decided today.

The seven-member panel led by Justice Inyang Okoro said new parties wishing to join the suit would no longer be allowed.

He said new parties would abide by the outcome of the existing suits or file a new one after the determination of the present suit, but that the matter must be determined today.

“You may file a fresh suit after this suit,” Justice Amina Augie said.

They were responding to an application by the Attorney General of Abia State seeking to join the suit as a separate suit similar to the one earlier brought by Rivers State Government through its counsel Emmanuel Ukala (SAN).

The panel, therefore, consolidated by the Rivers State Government alongside other suits.

After announcing 11 states consolidated as co-plaintiffs, alongside Kaduna, Kogi and Zamfara states, the panel then began to hear the existing matter.

Bayelsa and Edo states remain co-defendant states on the side of the federal government.

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