₦airaland Forum

oz4real83:
Oshiomole is in APC, not PDP. Even the other PDP faction that are against Obaseki's faction are all anti-Oshiomole and anti-APC, they can't be used against Obaseki in PDP.

Obaseki's faction I mean

franchasofficia:
Who has ever fought Igbos and came out complete? Not Tinubu

Can you explain?

See as Yeebos dey use Wike laugh cause he contested an election and lost.

Don't be a lock phone

ezegenigbonine:
So tell me who the Yoruba man is?

The only Yoruba man osibanjo is in the same party with him.

Tinubu.

ezegenigbonine:
I bet you if tinubu wins the ticket, all northerners will prefare there brother atiku even if he is a serial criminal.

A Yoruba man will still face them gallantly.

Bluntguy:
Just as the APC which your people have served like a slave is about to push you people aside abi?

APC can't push Yoruba aside. Is one of the reason Tinubu will win the ticket .

First Bank: Femi Otedola confirmed majority shareholder of FBN Holdings with 7.57% ownership

This was confirmed in the bank's audited financial statement

Billionaire investor, Femi Otedola now majority shareholder of FBNH

Billionaire investor and chairman of Geregu Power Plant, Femi Otedola is officially the majority shareholder of FBN Holdings, one of Nigeria’s most respected banks and largest by branches.

The much-anticipated audited accounts of the bank for the year ended December 2021 confirmed he owns 2,717,282,140 shares or 7.57% of the bank making him the single largest shareholder with more than 5% ownership of the bank.

The bank’s 2022 first-quarter result which was released during the week also confirmed ownership of 2,717,282,140 shares or 7.57% of the bank’s total shares of 35,895,292,791. The disclosure in the audited accounts clarifies a protracted shareholder squabble that put into question, who the majority owner of one of the most systemic important financial institutions in Nigeria is.

Why this matters

The majority ownership of FBN Holdings had been a matter of contention since the billionaire investor announced he had taken a majority stake in the bank.

This triggered the intervention of Pencom, the Pension Fund regulator, and the Nigerian Exchange, the operators of the Nigerian Stock Exchange.
The audited account of any company is viewed as the official source of information about the company making it the single source of truth for company corporate disclosures pertaining to results, shareholder information, and general company information.
At 7.57%, Mr. Otedola becomes the single largest shareholder of the bank.
The next largest shareholder of the bank as disclosed in the financial statement is Mr. Tunde Hassan Odukale with 4.31% direct and indirect ownership combined.
Shareholder Changes
From the disclosures seen by Nairametrics, Mr. Hassan Odukale acquired 1,546,289,714 units between March 2021 and March 2022 as the jostle for majority ownership ratcheted up.
Leadway Pension also added another 133,868,296 shares taking its ownership of the company to 1.01% from 0.64%.
However, Mr. Otedola’s acquisition of about 2.7 billion shares remains the largest single indirect and direct shares owned by a shareholder of the bank.
FBN Holdings has about 31,250,501,802 or 87.06% of its shares floating down from 94.95% of shares floating.

Backstory

Nairametrics first reported Mr. Otedola acquired over 5% of the bank after acquiring shares of the bank over a protracted period.

In the letter dated October 23rd, 2021, and seen by Nairametrics, the bank confirmed Mr. Otedola Olufemi Peter and his nominee, Calvados Global Services Limited had acquired a total of 1,818,551,625 units of shares from the Company’s issued share capital of 35,895,292,791.
A few days after, Mr. Femi Otedola announced an increase in his shareholdings of FBN Holdings, (First Bank’s parent company) to 7.57%.
This was disclosed in a letter to the bank by Mr. Otedola dated December 9, 2021. The disclosure officially made him the single largest majority shareholder of the bank at least according to the public disclosure of ownership that has now been made.
With the audited accounts now published, it is officially clear that Mr. Femi Otedola is the single largest shareholder of FBN Holdings as of March 31st, 2022.



https://nairametrics.com/2022/05/27/first-bank-femi-otedola-confirmed-majority-shareholder-of-fbn-holdings-with-7-57/

airsaylongcome:
Do you know there are people earning $30k monthly in Nigeria working US remote?

Are you for real

NCC licenses Elon Musk’s Starlink to provide internet service in Nigeria



Nigeria has approved Elon Musk’s Starlink, a satellite internet constellation operated by SpaceX, providing satellite Internet access coverage to 32 countries where its use has been licensed.

This was tweeted by the World’s richest man, Elon Must via his Twitter handle. Nairametrics has also confirmed this with the Nigerian Communication Commission, NCC.

Starlink provides high-speed, low-latency broadband internet across the globe. Within each coverage area, orders are fulfilled on a first-come, first-served basis.

NCC Confirms

The Nigerian Communications Commission (NCC) confirmed to Nairametrics that it has licensed Starlink, a satellite internet constellation operated by SpaceX, providing satellite Internet access coverage to 32 countries. This licensing followed a visit to Nigeria by the company’s team in May last year.

“The company received two licenses, which include the International Gateway license and Internet Service Provider (ISP) license, and will be trading as Starlink Internet Services Nigeria Ltd. According to NCC, the International Gateway license has a 10-year tenure while the ISP license is to last for five years. Both licenses take effect from May 2022 and may be renewed after the expiration.” NCC
Elated Elon Musk took to his Twitter handle to announce this development, which Nairametrics also confirmed from the NCC.
With high speeds and latency as low as 20 minutes in most locations, Starlink enables video calls, online gaming, streaming, and other high data rate activities that historically have not been possible with satellite internet.
Users also have the option to take Starlink with them via the Portability feature or Starlink.

Starlink’s visit to Nigeria

In May last year, Starlink’s Market Access Director for Africa, Ryan Goodnight along with SpaceX consultant, Levin Born had paid a visit to the NCC where they expressed interest to obtain a license to operate the satellite internet in the country.

Prior to the visit, the regulator and the space company have been discussing the issue virtually before approval for a physical meeting was granted by the NCC.
What NCC told the team
After SpaceX representatives provided an overview of its plans, expectations, licensing requests, and deployment phases, the Executive Vice-Chairman, NCC, Prof. Umar Danbatta, represented by the Executive Commissioner, Technical Services, NCC, Ubale Maska, promised them that the NCC would work on necessary modalities to ensure that it balances the need for healthy competition vis-a-vis the entry of new technologies, in order to protect all industry stakeholders.

Maska had said: “As the regulator of a highly dynamic sector in Nigeria, the Commission is conscious of the need to ensure that our regulatory actions are anchored on national interest. We have listened to your presentation and we will review it vis-à-vis our regulatory direction of ensuring effective and a sustainable telecoms ecosystem where a licensee’s operational model does not dampen healthy competition among other licensees.”
Maska further stated that the Commission was interested in making necessary regulatory efforts to drive the coverage of rural, unserved, and underserved areas of the country through the accomplishments of the targets contained in the Nigerian National Broadband Plan, NNBP, 2020-2025.



https://nairametrics.com/2022/05/27/breaking-elon-musk-tweets-nigeria-has-approved-starlink/

StrongandMighty:
Power is going back to the North should APC field any southerner let alone Tinubu..

Atiku didn't fought so hard to become Pdp presidential flagbearer second time in a row only to lose to a southerner, its just impossible!

APC will present Tinubu.

NetValueFX:
Hahaha... All I see is pains... Una never chichonchin

you keep on screaming pains, are you in pains because of Tinubu and Yoruba matter? You will be in the pains till May 29 2031 when another round of pain starts again, cause Tinubu won't have over to an Igbo man

I partially believed the story

Isokiscool:
South south will vote him sir

Go check the comment of the person wey I quote before quoting me out of point.

DaddyFabooluz:
Northerners don't care about your votes. Atiku has held all parties in their balls. Even if the whole South east don't vote Atiku, only northern vote is enough for him.
Make una unite have sense una no agree. Thunder fire una

Northern votes alone can't make him the president.

IgbalodeRaymond:
[s][/s]
rubbish

Asgard concern is only what will affect Tinubu and Yorubas negatively

wey Asgard, penguin and pink pussy don dey run around nairaland jubilating as if Atiku is from Anambra

I feel so bad I once believed in this failure.

I was one of the people who campaigned for him and also defended him.

I saw how clueless he was after his first tenure.

NetValueFX:
Your Tinubu will never be president... Una go cry taya

Let Yorubas and Tinubu supporters worry about that.

Is none of a pig business.

NetValueFX:
Hahaha... Why should I cry for Fallen demons? Getat Abeg

You're the pig crying about how Northerners will deal with you flat heads.

We can see how they dealt with you pigs in Dei Dei market, Abuja and Sokoto not so long ago.

How can Oloriegbe lose this way? It seems he was dealt with by the Governor.

most of una just love saying rubbish on top the internet

NetValueFX:
Afonja the North will teach the South West a bitter lesson

So why should you be crying on behalf of the South West? Why are you feeling pained on our behalf efulefu?

Mynd44:
Win what abeg?

The ticket to contest for his senatorial seat

pinkPUSSY:
@ the bolded...For more jokes.. Text "Pee poo" to 419

You must be mistaking Tinubu for Orji Kalu or Peter Obi.

Mynd44:
Immediately I heard that Obanikoro was contesting for the senate seat of Lagos west, I knew he would lose.

Alimosho and Agege doesn't like him since the days of "kosi koro kosi Ibo"

See how both father and son collected from Lagos West to Lagos Easr

I've not heard about Amosun, did he win?

walefresh3:
Stop decieving yourself... 2023 elections Will be decided by tribalist jingolos...

So should everybody now give up because of that? I wander why una don dey give up when election never even dey close.

Tinubu is not a small fish.

NetValueFX:
Hahaha...
The North will teach us southerners a bitter lesson this 2023.
The whole south is going to feel the marginalisation the Igbos have felt for decades

Speak for the South East alone Okoro

The North will teach the South East a bitter lesson.

pinkPUSSY:
The only people that fear notherners are the people that are victims of Herdsmen yet their leaders are still running up and down worshiping people that Kill their kinsmen shouting that they are one...



Yorubas and Fulanis are one inseperable body...
Bola Tinubu (2021)

Yidiot

Bola Ahmed Tinubu is a politician, he will work with politicians both from the North and South.

But Yeebos that are always screaming of Fulani wanting to Islamise Nigeria, are the same people jubilating all over Nairaland because Atiku won the presidential ticket of the PDP.

We Yorubas are not cowards like your people who already feels a Northerner will take over next year.

Just like Wike, Tinubu will not give up and will eventually triumph

pinkPUSSY:
Next is Tinubu...

Notherners don't appreciate @sslicking... If you like asssslick from morning till night Dem no send you

The way you yeebos dey always talk about Northerners as if dem be a special breed of people.

You yeebos fear and respect them a lot.

Agwotulumbe:
[s][/s]
e pain am ooo

Wetin pain you Alaye shift jur

Agwotulumbe:
lol
Tinubu urchins tactics is dead on arrival

No one cares about your inconsequential opinion.