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Daily Times (Nigeria)
''The Daily Times'' is a newspaper with headquarters in Lagos. At its peak, in the 1970s, it was one of the most successful locally owned businesses in Africa. The paper went into decline after it was purchased by the government in 1975. What was left was sold to a private investor in 2004. Folio Communications Limited officially assumed the ownership of the Daily Times of Nigeria Plc on September 3, 2004, after a colorful handover ceremony that was televised. The company was not and is still not a consortium. It is a private limited-liability company. The printing of the flagship title ''The Daily Times'' resumed after the assumption of ownership in earnest from 2006 until 2009, partially to satisfy the embedded requirements contingent upon the Enterprise Sale Deed while company turnaround and restructuring continued. Although the flagship ''Daily Times'' returned to the streets in December 2014, further efforts have been made towards the return of the other viable titles, espec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lagos
Lagos (Nigerian English: ; ) is the largest city in Nigeria and the List of cities in Africa by population, second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national capital of Nigeria until December 1991 following the Government of Nigeria, government's decision to move their capital to Abuja in the center of the country. The Lagos metropolitan area has a total Population and housing censuses by country, population of roughly 23.5 million as of 2018, making it List of urban areas in Africa by population, the largest metropolitan area in Africa. Lagos is a major African financial center and is the economic hub of Lagos State and Nigeria at large. The city has been described as the cultural, financial, and entertainment capital of Africa, and is a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion. Lagos is also among the top ten of the world's fast ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tony Momoh
Prince Tony Momoh (27 April 1939 – 1 February 2021) was a Nigerian journalist and a politician who was Nigerian Minister of Information and Culture (1986–1990) during the military regime of General Ibrahim Babangida. Birth and education Momoh was born on 27 April 1939 in Auchi, Edo state, of Edo origin. He was the 165th child of King Momoh I of Auchi. He attended Government School Auchi (1949–1954) and Anglican School Okpe (1954). Momoh was Pupil Teacher at the Anglican School, Auchi (January–December 1955) and Headmaster at the Anglican School, Ubuneke, Ivbiaro, Owan Local Government (January 1958 – December 1959). He went to the Provincial Teachers Training College, Abudu, Edo State and Government Teachers College, Abraka in Western Region (1960–1961). Later, while working at the '' Daily Times'' or on sabbatical, he attended the University of Nigeria, Nsukka (September 1964 – October 1966) where he earned a degree in Mass communication, and then the Univ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Stripping
Asset stripping is a term used to refer to the practice of selling off a company's assets in order to improve returns for equity investors. In many cases where the term is used, a financial investor, referred to as a 'corporate raider', takes control of another company and then auctions off the acquired company's assets. The term is generally used in a pejorative sense as such activity is not considered helpful to the company. The proceeds of the sale of assets may be used to lower the company's net debt. Alternatively, they may be used to pay a dividend to equityholders, leaving the company with lower net worth – i.e. the same level of debt but fewer assets (and weaker earnings) to support that debt. With a lower level of assets, some argue that the business is rendered less financially stable or viable. For example, the sale-and-leaseback of a building would lead to an increased rental bill for the company. Asset stripping is a highly controversial topic within the financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Olusegun Obasanjo
Chief Olusegun Matthew Okikiola Ogunboye Aremu Obasanjo, , ( ; yo, Olúṣẹ́gun Ọbásanjọ́ ; born 5 March 1937) is a Nigerian political and military leader who served as Nigeria's head of state from 1976 to 1979 and later as its president from 1999 to 2007. Ideologically a Nigerian nationalist, he was a member of the Peoples Democratic Party (PDP) from 1999 to 2015, and from 2018 has been a member of the African Democratic Congress party (ADC). Born in the village of Ibogun-Olaogun to a farming family of the Owu branch of the Yoruba, Obasanjo was educated largely in Abeokuta, Ogun State. Joining the Nigerian Army, where he specialised in engineering, he spent time assigned in the Congo, Britain, and India, rising to the rank of major. In the latter part of the 1960s, he played a senior role in combating Biafran separatists during the Nigerian Civil War, accepting their surrender in 1970. In 1975, a military coup established a junta with Obasanjo as part of its ru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sani Abacha
Sani Abacha (20 September 1943 – 8 June 1998) was a Nigerian military officer and politician who ruled as the military head of state of Nigeria from 1993 until his death in 1998. He seized power on 17 November 1993 in the last successful coup d'etat in the military history of Nigeria. He was the Chief of Army Staff between 1985 to 1990; Chief of Defence Staff between 1990 to 1993; and Minister of Defence. Abacha became the first Nigerian Army officer to attain the rank of a full military general without skipping a single rank. His rule saw the achievement of several economic feats and also recorded human rights abuses and several political assassinations. He has been dubbed a kleptocrat and a dictator by several modern commentators. Early life Abacha was born and brought up in Kano. He attended the Nigerian Military Training College in Kaduna, and was commissioned in 1963 after he had attended the Mons Officer Cadet School in Aldershot, England. Military career Abach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ibrahim Babangida
Ibrahim Badamasi Babangida (born 17 August, 1941) is a retired Nigerian Army general and politician. He served as military president of Nigeria from 1985 until his resignation in 1993. He rose through the ranks to serve from 1984 to 1985 as Chief of Army Staff; going on to orchestrate his seizure of power in a coup d'état against Muhammadu Buhari. Early life Ibrahim Babangida was born on 17 August 1941 in Minna to his father, Muhammad Babangida and mother Aisha Babangida. He received early Islamic education before attending primary school from 1950 to 1956. From 1957 to 1962 Babangida attended Government College Bida, together with classmates Abdulsalami Abubakar, Mamman Vatsa, Mohammed Magoro, Sani Bello, Garba Duba, Gado Nasko and Mohammed Sani Sami. Babangida joined the Nigerian Army on 10 December 1962, where he attended the Nigerian Military Training College in Kaduna. Babangida received his commission as a second lieutenant as a regular combatant officer in the Roya ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gideon Orkar
Major Gideon Gwaza Orkar (October 4, 1952 - July 27, 1990) was a Nigerian military officer who staged a violent coup against the government of General Ibrahim Babangida on April 22, 1990. Orkar and his conspirators seized the FRCN radio station, various military posts around Lagos and the Dodan Barracks, Lagos, the military headquarters and presidential Villa. Babangida was present when the barracks were attacked but managed to escape by a back route. In his coup address, Orkar called for the excision of five northern states. However, the coup was crushed by the Babangida regime and Orkar including 41 other coconspirators were tried, convicted of treason and were executed. Background and education Gideon Orkar was the 9th child born to the family of Levi Orkar Chi, a teacher of Tiv heritage in Apir village of Makurdi Local Government in Benue State. He attended primary schools at the village of Apir and Wadata. He also attended Boys Secondary School, Gindiri, Plateau State, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Punch
''The Punch'' is a Nigerian daily newspaper founded On August 8, 1970. Punch Nigeria Limited was registered under the Companies Act of 1968 to engage in the business of publishing newspapers, magazines and other periodicals. It was designed to inform, educate and entertain Nigerians and the world at large. History ''The Punch'' was founded by James Aboderin, an accountant, and Sam Amuka, a columnist and editor at the ''Daily Times of Nigeria''. Amuka became the first editor of the ''Sunday Punch''. In November 1976, a few years after the first print of its Sunday edition, the duo started printing their trademark daily newspaper. Both editions were designed to favor a friendlier apolitical approach to news reporting, combining footage of social events with everyday political news. The paper sustains itself by delving into broad issues that interest myriad people.Adigun Agbaje, "Freedom of the Press and Party Politics in Nigeria: Precepts, Retrospect and Prospects", ''African Aff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Africa (magazine)
''West Africa'' (1917–2005) was a weekly news magazine that was published in London for more than 80 years and closed in 2005. 20 July 2005 History West Africa magazine was first published on 3 February 1917 from offices in Fleet Street, London, with the commercial backing of Elder Dempster Shipping Line and the trading company John Holt. It was to appear weekly, initially at a price of sixpence per copy. Its first editorial explained the magazine's raison d'être: The fabric of the British Empire is complex; but that proportion which constitutes West Africa is in important respects unique. It is that part of Africa nearest to Britain. This is a factor the significance of which has not been fully appreciated until now, when it is clear to all who study maps and statistics that the commercial ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
