By Michael Owhoko, Ph.D the real losers of the 2023 Nigerian general elections are not the electorate who were deprived of their rights to freely choose candidates of their choice nor the first-timer youth who were disappointed by the Nigerian state nor the candidates who lost or won as declared by the Independent National Electoral Commission (INEC). The biggest losers are President Muhammadu Buhari, INEC Chairman, Prof. Mahmood Yakubu, President-elect, Senator Bola Ahmed Tinubu and Nigeria as a political entity. Except for Bola Tinubu who carries the burden of legitimacy arising from a flawed process and total miniature votes garnered,…
Author: Elvis Eromosele
The 16th Matriculation of Caleb University, has held at the University’s Main Campus at Imota, Lagos with a record 2,238 new students. In his welcome address, the Vice- Chancellor, Prof. Nosa Owens-Ibie, announced that an unprecedented total of 2,238 new students were admitted for the 2022/2023 academic session; a notable improvement from the 1,558 admitted last session; which in itself was a record, at that time. Of the 2,238 admitted, 2,018 are 100 level, and 220 are direct entry students. There are also 50 new students at the Caleb Business School (CBS), and 332 at the postgraduate level. This number…
Minister of Women Affairs Dame Pauline Tallen with Simba Group Managing Director Chief Vinay Grover at the Recently Held International Womens Day Celebration in Lagos The Minister of Women Affairs, Dame Pauline Tallen (OFR), has commended The Simba Group, a leading two and three-wheeler mobility-solutions provider in Nigeria, for the success of its Queen Riders program which has contributed to women’s empowerment and gender equity in the country. The statement was made during the 2023 International Women’s Day celebration organized by Access Bank, recently in Lagos. It would be recalled that the Simba Group initiated its collaboration with the Ministry…
Dangote Cement shareholders will be paid N340 billion in April 2023 as their dividends for investing in the company’s shares for the period of 2022. The company said the N340 billion will be tabled before the shareholders for approval at the Annual General Meeting slated for April 13, 2023. Shareholders expected to receive payment from the N340 billion are investors whose names are registered in Dangote Cement’s Register of Members at the close of business on March 30, 2023. Aside from the dividend payout for the calendar period of 2022, Dangote Cement disclosed that the company is in possession of…
Fraud amounting to about N3.62 billion fraud was perpetrated through the Automated Teller Machines (ATMs); Point of Sales (PoS) machines, mobile and other electronic channels and cash as of the third quarter of 2022. The FITC, which disclosed this in its ‘Report on Frauds and Forgeries in Nigerian Banks’ Q3, 2022, said bank personnel carried out all cash theft cases reported within the period. Specifically, the 18-page document revealed that in the third quarter of 2022, 19, 314 cases were reported, compared to 20, 195 witnessed in the same period in 2021, which was a decrease of 4.36 per cent.…
The Central Bank of Nigeria (CBN) has come out to debunk rumours making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. Isa AbdulMumin, CBN’s Acting Director of Corporate Communications, told the News Agency of Nigeria (NAN) in Abuja on Friday that the viral news “is simply fake’’. The viral news credited to Mr AbdulMumin stated that the CBN was about to suspend accounts of the Fintech companies because they were being used to perpetrate fraud. “Please if you are using OPAY, PALMPAY or any of these CHINA APPs or their POS, stop keeping much money…
Unilever is cutting down production in Nigeria. The company has cited the country’s worsening economic condition for its move, which could now add to the woes of Africa’s biggest economy. Nigerians may soon bid goodbye to popular brands such as Sunlight, Omo, Closeup, LifeBuoy, Vaseline, Dove, or Knorr as Unilever Nigeria is exiting home care and skin cleansing, to simply remain profitable. In 2021, these products earned the company, which has operated in the country for around a century, more than half its revenues. The naira’s continued devaluation, a high rate of exchange for the US dollar, and a chronic…
TN Nigeria’s board of directors have proposed a scrip dividend plan that will see the company’s shareholders convert their dividends into shares instead of cash. The telecommunications company wants shareholders to limit their demand for cash during dividend payments in order to increase MTN Nigeria’s liquidity. Dividends are often paid by cash through retained earnings or profit after tax. This leads to a decrease in the liquidity held by a firm and compels them to borrow from the capital market. MTN Nigeria said it needs to retain more cash to fund its working capital and other general corporate purposes. A…
Playwright: Olutayo Irantiola Publisher: Peo Davies Communications Year of Publication: 2022 Reviewer: Akeem Akinniyi Olutayo Irantiola’s The Okeho Exodus is a historical play set in 1916 but written in a modern-day language and filled with elements that will not alienate a reader in these present times. The play revisits the past of the descendants of Okeho who resettled among the hills along with ten villages to stem the tide of invasion by the Dahomey and Fulanis. What follows are intrigues of betrayal, and bastardisation of culture by colonialists which eventually leads to the tragic end of not only the king but the…
312 will be for Data Plan across networks 321 is for Share Services, 323 is for Data Plan Balance 996, is now for Verification of Subscriber Identity Module (SIM) Registration/NIN-SIM Linkage 2442, is retained for Do-Not-Disturb (DND) unsolicited messaging complaint management 3232, is retained for Porting Services, otherwise called Mobile Number Portability The Nigerian Communications Commission (NCC) has set May 17, 2023, as the deadline for all mobile networks to fully migrate from hitherto diverse shortcodes to harmonised codes. “The telecom regulator has “directed mobile network operators (MNOs) to commence implementation of approved harmonised shortcodes (HSC) for providing certain services…