Sunday, 18 April 2021

BUSINESS AND ECONOMY

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Published in Business and Economy

Barely 28 years after, former President Olusegun Obasanjo yesterday lamented the annulment of June 12, 1993 presidential election, presumably won by the late philanthropist, Moshood Kashimawo Abiola. He blamed the cancellation on “bad belle”.

The election, adjudged to be most peaceful, credible and fair, was annulled by the military President, Gen. Ibrahim Badamosi Babangida.

Obasanjo said the annulment robbed Egbaland and Ogun State the rare privilege of having three of its prominent sons occupying the number one leadership position in the country at different times.

The elder statesman, who was referring to former Head of Interim National Government(ING), Chief Ernest Shonekan, himself, who governed the country first as a military Head of State and a civilian president, apparently noted that Abiola would have become the third, if the 1993 presidential poll was not annulled.

He spoke yesterday in Abeokuta after his investiture as a trustee of the Abeokuta Club, a socio-cultural organisation of Egba people of Ogun State, where Tokunbo Odebunmi, an engineer, is the president.

Obasanjo was honoured alongside the late Abiola, who was awarded a posthumous vice-patron of the club.

The former president, who noted that Abiola was his schoolmate at the Baptist Boys High School (BBHS) Abeokuta, said the late politician richly deserved the award bestowed on him by the Abeokuta Club.

Obasanjo said: “When Abeokuta Club was in the process of being birthed, things in Abeokuta were not as rosy as they are today. And the sons of Abeokuta, who were in Lagos, put their heads together in late Chief Sobo Sowemimo’s residence to think of what they could do to improve the development of Abeokuta as a city. I pay tributes to all those founding members, those who have departed this world and those who are still here.

“I want to thank the club for this honour being bestowed on me and the honour being bestowed on my school mate, MKO Abiola, which he richly deserved.

“Kabiyesi, the Alake (of Egbaland) alluded to it. Normally, when you win a cup three times, you keep that cup. Isn’t it? If not for bad belle, Abeokuta would have produced President of Nigeria three times, in which case, we should have kept it permanently.

“But be that as it may, we have a great heritage. And we should be proud of our heritage. On this note, I will say on this occasion, I thank the President, the patron and grand patron, members of Board of Trustees, the executive. I want to say this, I will continue to contribute my quota to the development and growth of this club and by extension, the development and growth of Abeokuta, of Ogun State, of Nigeria, of African and indeed the of world in whichever way I could.”

Also, Alake and paramount ruler of Egbaland, Oba Adedotun Aremu Gbadebo, while presenting the plague to Obasanjo, described Obasanjo and MKO Abiola as proud sons of Abeokuta.

He added that some “bad blood” didn’t allow Abiola to emerge President of Nigeria.

Published in Business and Economy

By Samuel Oamen/ The Nation

The Nigerian Correctional Service has released the names and faces of 36 of the over 1,800 inmates that escaped from the Correctional Centre in Owerri on Monday during an attack by suspected members of the proscribed Indigenious Peoples of Biafra(IPOB).

The service released the names and faces on his official twitter handle

It said: “Faces of persons who escaped from Owerri Custodial Centre, Imo State.
Please note that more photographs of the Escapees on the way and efforts are on to get clear pictures for the black spaces.”

It said efforts were on to release more names and faces of the fleeing inmates for the public to assist in their re-arrest.

Published in Business and Economy

By Chinyere Okoroafor/ THE NATION

The National Universities Commission (NUC) on Thursday gave provisional licences to 20 new private universities.

The private universities were established and approved by Federal Executive Council.

With these newly approved varsities the total number of universities in Nigeria is now 193.

Below are the 20 new universities that were recently given licences

1.Topfaith University Mkpatak, Akwa Ibom

2. Thomas Adewumi University, Oko-Irese, Kwara

3. Maranatha University, Mgbidi, Imo

4. Ave Maria University, Piyanko, Nasarawa

5. Al-Istiqama University, Sumaila, Kano

6. Mudiame University, Irrua, Edo

7. Havilla University, Nde-Ikom, Cross River

8. Claretian University of Nigeria, Nekede, Imo

9. NOK University, Kachia, Kaduna

10. Karl-Kumm University, Vom, Plateau

11. James Hope University, Lagos

12. Maryam Abacha American University of Nigeria, Kano

13. Capital City University, Kano

14. Ahman Pategi University, Kwara

15. University of Offa, Kwara

16. Mewar University, Masaka, Nasarawa

17. Edusoko University, Bida, Niger

18. Philomath University, Kuje, Abuja

19. Khadija University, Majia, Jigawa

20. Anan University, Kwall, Plateau

Published in Business and Economy

By Ekaete Bassey/ THE NATION

In the recently published Forbes 100 Innovations, Inventions and Icons from Africa list is

Social media users have reacted to the award-winning singer, Davido topping Forbes 100 Innovations, Inventions, and Icons Africa list.

The Nation had earlier reported eleven notable Nigerians made Forbes 2021 Africa Icons’ list.

Among them Davido, who has been described as one of the most influential artists in Africa.

Forbes tweeted: “@Davido remains the Biggest, Best and the Most Influential person in African 30/30 GOAT.”

Meanwhile, fans on social media have expressed their delight with pride stating he remains the best in Africa and that was why Forbes Africa had to make him number one on their list.

@_Oyebolanle tweeted: “It’s #Davido topping Forbes African Icons of 2020 for me. Ori Ade Baba Imade.”

@symplyDAPO tweeted: “Even Ellen knows what’s up. The highlights of today goes to Ellen holding #davido “A Better Time” album.”

@Rozapepper said: “The Global Sensation – Davido, Tops the list of Forbes Africa Icons’ 2021 list. No Denial, Davido has been a real supporter of Young Upcoming Artistes in Africa. He is an inspiration to many young African artistes. Congrats King Davido #30BG.”

@AMMESOMATADO stated: “The social distancing Davido gave his mates on that Africa Forbes list is top-notch.”

@DeraNwako tweeted: “Just an early reminder that @davido is still the Biggest Artiste in Africa. Number 001 on Forbes 2021 Africa ICONS List. When I say he’s the Biggest, I ain’t capping.”

@Wytemajeke said: “When Forbes said “ #davido is without no doubt one of Africa’s the biggest musicians” I felt that.”

@GramKcee tweeted: “Forbes Africa Icons’ list, 2021 1 – DAVIDO 10 – Wizkid 15 -Burnaboy Afrobeat to the world.”

@temi_ofLagos tweeted: “-Davido tops list of Most Influential African -Davido is without a doubt one of Africa’s biggest musician according to FORBES Davido and Influence.”

Published in Headliners

Everybody has that one movie that they really want to see out of all the films that have seen their release date continually delayed, and for some, that one movie has to be Ghostbusters: Afterlife. The movie, that will reunite most of the original cast of the first two Ghostbusters movies was originally on a fast track to theaters when it was first announced, but then it, like everything else, was delayed. However, those fans who are waiting for something have been given a little treat, as a short scene of the new movie has just dropped, introducing Paul Rudd to what are being called “Mini-Puffs.” Check them out in the clip above.

Of all the returning characters that we knew we would see in Ghostbusters: Afterlife, and those we hoped we might see, I’m not sure anybody was expecting the return of the Stay Puft Marshmallow Man. And yet, that’s basically what we have here, as Paul Rudd’s character who is seen in a grocery store in the clip, comes across a bag of marshmallows where something strange is happening. Then out pops a tiny version of the Stay Puft character from the first Ghostbusters film. But he’s not alone, the store is apparently full of the little guys.

Also, is it a coincidence that Paul Rudd is buying Baskin Robbins ice cream, or is that an intentional Ant-Man reference?

More to come…

Published in News & Stories

Speaking to Fallon, she added, “I do have the most amazing, wonderful, perfect, most beautiful girlfriend in the whole world.”

“I still don’t know what I am,” she said. “It’s like, I want to figure it out. I have this joke. Her [JoJo’s girlfriend] name is Kylie. And so I say that I’m Ky-sexual.”

Regardless, JoJo is currently the happiest she’s ever been. “For the first time, personally, I am like, whoa, happiness,” she continued. “I am so proud to be me.”

You can read the full story with People here.

Published in News & Stories

Mark Cuban, the billionaire investor made famous by the reality television series Shark Tank, has changed his tune on bitcoin and cryptocurrencies in recent months.

Cuban made headlines when he said he’d “rather have bananas than bitcoin,” calling crypto “too complicated.” But the Dallas Mavericks owner has since come around to cryptocurrencies, praising the emerging decentralized finance (DeFi) space—which is largely built on top of the second-largest cryptocurrency after bitcoin, ethereum.

Now, as the bitcoin and cryptocurrency market price soars over $2 trillion, Cuban has revealed that he expects ethereum’s long-awaited 2.0 upgrade will spark the development of apps that “dwarf” bitcoin.

“I think the applications leveraging smart contracts and extensions on ethereum will dwarf bitcoin,” Cuban told journalist Laura Shin, speaking on her Unchained podcast.

“Bitcoin, right now, has evolved to be primarily a store value, and it’s very difficult to use it for anything else … You really have to work a lot harder on bitcoin than you do on ethereum.”

The bitcoin price has soared by around 700% over the last 12 months, climbing as the likes of high-profile billionaires Elon Musk and Jack Dorsey give it their backing, Wall Street giants roll out bitcoin services, and investors fret that inflation could be about to undermine the value of traditional currencies.

However, the huge bitcoin price rally has been eclipsed by ethereum (and a handful of smaller cryptocurrencies), with the ethereum price adding a blistering 1,100% since April 2020.

Cuban expects coming upgrades to ethereum, not expected to be completed until at least 2022, will mean it is “going to give some people a reason to use ethereum as a store of value over bitcoin.”

MORE FROM FORBESJPMorgan Reveals ‘Big’ Bitcoin Price Prediction As Bitcoin And Crypto Market Surges Toward $2 Trillion

bitcoin, bitcoin price, ethereum, ethereum price, cryptocurrency, Mark Cuban, chart

The bitcoin price has added almost 700% over the last year, soaring as investors fret inflation … [+] could undermine the value of fiat currencies.


Coinbase

Last year, ethereum began implementing its major 2.0 upgrade, designed to improve scalability and security and will see the ethereum network move from bitcoin’s proof-of-work (PoW) consensus algorithm to the proof-of-stake (PoS) algorithm.

This will essentially mean those who receive ethereum’s ether tokens as a reward for maintaining the network will be removed from the process in order to optimize the settlement of transactions—with ethereum users instead able to deposit their tokens to secure the network and earn rewards instead.

“With proof-of-stake, you’re going to be able to have, some multiple, a significantly higher multiple, in transactions per second, that’s going to improve the utilization and the opportunities to create on ethereum,” Cuban told Shin, pointing to the latest cryptocurrency craze for NFTs (non-fungible tokens) as “just proof of concepts” for what smart contracts can do.

“In a few years, I think ethereum and maybe two or three other blockchains will have their place, and those will be the winners,” Cuban said, adding that he’s not about to sell his bitcoin but that he does “own a lot more” ethereum than bitcoin.

Published in News & Stories

The Rojiblancos are sweating on the fitness of a prized asset heading into the business end of the campaign

Atletico Madrid have been dealt a potential blow in their pursuit of the Liga title after revealing that Luis Suarez has picked up an injury.

Suarez had to withdraw from the club’s latest training session on Monday after suffering a knock, with head coach Diego Simeone now sweating on his fitness ahead of a crucial run of fixtures.

Atletico have confirmed the news via their official website, but have not been able to give a specific timeframe for his recovery.

What’s been said?

“Luis Suarez has suffered a muscle injury in his left leg,” the club’s statement reads.

“Our player, after feeling some discomfort in training this Wednesday, underwent tests with the club’s medical services that confirmed the injury of the Uruguayan international.

“It is pending evolution.”

What games could Suarez miss?

Suarez was already unavailable for selection for Atletico’s next La Liga fixture against Real Betis on Sunday due to suspension, but could now be facing an even longer spell on the sidelines.

The Spanish top-flight leaders are due to welcome Eibar to the Wanda Metropolitano seven days later, before wrapping up their April schedule with games against Huesca and Athletic Bilbao.

Supporters will hope that Suarez can make a full recovery in time for a crucial meeting with fellow title rivals Barcelona on May 9, with there little margin error remaining for Simeone’s men after their inconsistent recent run of form.

The state of play at the top of La Liga

Atletico were 10 points clear at the Liga summit back in January, but that gap now stands at just a single point following their 1-0 loss to Sevilla last weekend.

Barca have won their last six games to move into second, with Real Madrid sitting just two points further back in third with nine matches remaining.

Suarez’s importance to Atletico

Suarez has been the main driving force behind Atletico’s latest title tilt, having been snapped up from Barca for just €6 million last summer.

The Uruguayan frontman has hit 19 goals in 26 La Liga outings so far this term, and is currently joint-second in the race for the Pichichi – four goals behind former team-mate Lionel Messi.

Published in News & Stories
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