Tunsbobo's Posts
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Like i have said many times without number, only a Big Fool would vote for Buhari in the upcoming elections. This man is a power-hungry saddist who has nothing to offer Nigerians. If he eventually becomes President, i foresee Nigeria being compared with countries like afghanistan, iraq and iran as a terrorist and conflict inflicted nation. Nigerians, shine your eyes! Say no to Buhari and Other ex-coupists!! |
This kind of result is near to impossible. GMcompere: |
This year, Nigeria adds a new billionaire Mike Adenuga, and sees Aliko Dangote ’s fortune skyrocket. Alike Dangote In the past year Aliko Dangote’s fortune surged 557% to $13.8 billion, up from $2.1 billion, after he consolidated all his public and private cement holdings throughout Africa into the continent ’s largest cement manufacturer and took it public on the Nigerian stock exchange in October. Dangote Cement now has a market value in excess of $13 billion, and accounts for a quarter of the Nigeria Stock Exchange’s total market capitalization. The dearth of native suppliers to meet increasing cement demand is driving the stock price. Dangote projects demand at 72 million metric tons and growing because of the drive to build infrastructure in Nigeria, Africa’s most populated nation, as well as other countries; current supply is 67 million metric tons, a shortfall of 5 million metric tons. For perspective, he is now richer than longtime white South African billionaires Nicky Oppenheimer of Debeers and Johann Rupert of luxury goods group Richemont, which owns Cartier, Dunhill and other premium brands. For now he’s gearing up to introduce Dangote Cement to foreign investors. Companies listed on the Nigerian stock exchange are required to have a minimum free float of 25%, Dangote initially listed 5% of shares. According to analysts at Thaddeus Investment Advisors, the Nigerian market is too shallow for a stock of Dangote Cement ’s size to be listed on the exchange; this is why the balance of the free float will be listed outside of Nigeria. Dangote, who recently bought himself a $45 million Bombardier aircraft for his birthday, has been shuttling back and forth to London for months, in anticipation of a public offering in London later this year. He is certainly one to watch. After a lucrative career in trading, Dangote ventured into manufacturing pasta, salt, sugar, and flour in 1997, in part encouraged by the policies of former president Olusegun Obasanjo. Eventually Dangote went from importing and rebagging cement to production as well; he was awarded the government ’s then state-owned cement business and began building his own plant in 2003. Cement revenue which has been primarily based on imports grew 15% a year between 2001 and 2005; once the Obajana plant was fully operational in 2007, revenue quadrupled; in fiscal 2009 revenue was $1.2 billion. Dangote Cement now owns three cement plants and two terminals in Nigeria where he both produces and still imports cement. The Obajana plant is Dangote ’s largest to date and controls the largest market share in Nigeria; Dangote terminals at Lagos and Port-Harcourt have the highest import quotas of all local companies. With additional capacity coming on line this year, total capacity is expected to reach 26 million metric tons by the end of 2011. (also helping boost profits: Dangote ’s newly combined entity is tax exempt through 2017.) But he won’t stop there. Dangote has started building investments in cement plants and terminals across Africa including Senegal, Zambia, Tanzania, Congo, Ethiopia, Cameroun, Sierra Leone, Ivory Coast, Liberia and Ghana. Mike Adenuga Meanwhile his compatriot Mike Adenuga who founded Globacom, the mobile, fixed, broadband, and international gateway carrier, joins Forbes ’ billionaires list with a net worth of $2 billion. Globacom launched services in Nigeria in 2005, in the Republic of Benin in 2008 and has licences to operate in Ghana and Cote d ’Ivoire (with Togo and Senegal next). He took a big gamble laying a $1 billion undersea fibre optic cable, Glo-1, to link Africa with the rest of the world. (partnered with Alcatel- Lucent) The connection will help lower prices for customers as well as help Adenuga expand more quickly. www.mobile.forbes.com/webkit/index.php#_home |
Alj Uche:Yeah, thats right! |
i will get there someday, thats sure! |
i wil |
9ijaMan:compare my post to yours. Which one looks more like a toddler's. I guess the answer is obvious |
SIR: Following the indefinite closure of Obafemi Awolowo University by the University management on February 23, over students ’ resistance to the increase in acceptance fee and the compulsory health insurance, there have been speculations on when the school will be reopened. One of the most popular speculations is that school will be opened after the April general elections. Some factions of the University Senate, while accepting that school should be reopened after the convocation scheduled for March 9- 11, have supplied the argument that since the convocation comes barely three weeks to the election, it is better to reopen the school after election so that there won ’t be any other interruption after reopening. I want to clearly state that there is no need for the management to wait until after election before reopening the school. If the school is reopened after convocation, the three weeks before election could be used for matriculation, reinstatement of the Students ’ Union and resolution of the crisis, and then commencement of various academic activities. Waiting until after the general election before reopening the school which may be in the month of May is an unnecessary waste of time which does not serve the interest of any of the parties, especially the Students’. Besides, 70 percent of OAU students did their voter registration on campus with the implication that they will be disenfranchised if the school does not open before the election. We recall that the institution was similarly closed during the 2003 general elections as a result of an ASUU strike. In 2007, during the general elections, the school was also under closure courtesy of the Professor Faborode versus Akinola Saburi (the then Students ’ Union Presdent) lecture free week saga. Now 2011 general elections, if care is not taken, the school will be under lock and key throughout the electioneering period.In 2007, the disenfranchisement caused by the university closure gave room for the massive rigging of votes of absent voters in the university community. If the students are not called back immediately after convocation, OAU students will be disenfranchised for the second time and will give another room for fraudulent manipulations of our votes. We call on the university Senators to use their good offices to look into this serious issue and consider the possibility of reopening the school immediately after convocation to avert the possible disenfranchisement of the students. Political parties are also implored to ensure by all possible means that the voice of the 30,000 voters on Obafemi Awolowo University campus is heard in the forthcoming election and their constitutional right to vote for the candidate of their choice is not trampled upon by this prevailing circumstance. • Akintujoye Eniayo I.(Peniela) Clerk, OAU Students’ Union.OAU, Ile-Ife. thenationonlineng.net/web3/editorial/letters/30169.html |
unite4real:Yeah, this Cool fm jingle surely fits the current state of kwarans! |
I pity all of you guys dropping votes for buhari, especially christains and southerners. This man is a die hard religious fanatic, the only reason why he chose bakare as his running mate was to get more votes and not for other positive reasons. It wouldn't take buhari months to send bakare out and replace him with a northerner or an islamist if he is eventually elected! Its a pity that most you can't see beyond your eyes! |
This Becomerich guy again! Haba!! |
presido1:See how you are showing the whole world your foolishness! presido1:See how you are showing the whole world your foolishness! |
denzel2009: efeboy:God Bless You. Anyone who says arsenal wasn't cheated today is only deceiving his or herself |
If rvp was not red carded After the own goal by sergio busquets, and the referee didn't award that cheap penalty to barca; The score-line would have remained and Arsenal would have progressed to the next round! Take it or leave, Arsenal was cheated today! |
Arsenal's season aint collapsed yet. Arsenal winning a double this season is still a possibility! If chelsea or man u met barca at this stage of the competition, i guess they would have been out by now! Arsenal haters back off, we have tried so far!! Pheww |
medube:mtscheww, no comments! |
A bad day for the gunners! But maybe this loss is a blessing in disguise! Now we can concentrate on the premiership and fa cup. Arsenal despite all odds can stil finish the season with a double. Cheer up arsenal fans, our season aint finshed yet! Gunners till i quench!! |
jude33084:you are a fool if you don't know the answer to that question |
I've switched off my tv set and i'm going to bed! I can't watch arsenal being cheated! |
if we loose, there would be no doubt that we were cheated |
red card? This referee is on drugs! |
gooooooallll, i can't believe it |
fabregas is the biggest fool i've ever seen!! |
Odinaka00:lolzz |
And so? |
The problem might be from your decoder or maybe your dish is improperly installed. You can place your complain on their facebook wall. You can also get an hitv installer to check your decoder or rather, go to any hitv friendship centre nearest to you so that they can upgrade and run tests on your decoder. |
gwas:Good Idea! This kulyie guy is something else. |
ceah:Yeah, they were taught by the same teacher! They were taught by you! Jobless fool!! |
Acn is the way forward in Nigeria! Vote for Acn, Vote for Ribadu, Vote for Fashola! |
Barkono:I.diot! You have only suceeded in fooling yourself and showing the whole world how stupid you are! *spits* |
insteresting! |
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