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Daily Times (Nigeria)
''The Daily Times'' was a Nigerian 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. 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, especially the ''Sunday Times'', the ''Weekend Tim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lagos
Lagos ( ; ), or Lagos City, is a large metropolitan city in southwestern Nigeria. With an upper population estimated above 21 million dwellers, it is the largest city in Nigeria, the most populous urban area on the African continent, and one of the fastest-growing megacity, megacities in the world. Lagos was the national capital of Nigeria until the Government of Nigeria, government's December 1991 decision to move their capital to Abuja, in the centre of the country. Lagos is a major African financial center, financial centre and is the economic hub of Lagos State and Nigeria at large. The city has a significant influence on commerce, entertainment, technology, education, politics, tourism, art, and fashion in Africa. Lagos is also among the top ten of the world's fastest-growing cities and Urban area, urban areas. In 2024, Time Out (magazine), Time Out magazine ranked Lagos as the 19th best city to visit in the world. A megacity, it has the second-highest Gross domestic pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cause Célèbre
A ( , ; pl. ''causes célèbres'', pronounced like the singular) is an issue or incident arousing widespread controversy, outside campaigning, and heated public debate. The term is sometimes used positively for celebrated legal cases for their precedent value (each '' locus classicus'' or "case-in-point") and more often negatively for infamous ones, whether for scale, outrage, scandal, or conspiracy theories. The term is a French phrase in common usage in English. Since it has been fully adopted into English and is included unitalicized in English dictionaries,''Random House Kernerman Webster’s College Dictionary''. S.v. "cause célèbre." Retrieved November 30, 2018 from https://www.thefreedictionary.com/cause+c%c3%a9l%c3%a8bre it is not normally italicized despite its French origin. It has been noted that the public attention given to a particular case or event can obscure the facts rather than clarify them. As John Humffreys Parry states, "The true story of many a ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newspapers Published In Lagos
A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background. Newspapers can cover a wide variety of fields such as politics, business, sports, art, and science. They often include materials such as opinion columns, weather forecasts, reviews of local services, obituaries, birth notices, crosswords, editorial cartoons, comic strips, and advice columns. Most newspapers are businesses, and they pay their expenses with a mixture of subscription revenue, newsstand sales, and advertising revenue. The journalism organizations that publish newspapers are themselves often metonymically called newspapers. Newspapers have traditionally been published in print (usually on cheap, low-grade paper called newsprint). However, today most newspapers are also published on websites as online newspapers, and some have even abandoned their print versions entirely. Newspapers developed in the 17 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ikechukwu Obiorah
Ikechukwu J. Obiorah (born 29 August 1961) was elected Senator for the Anambra South Senatorial District of Anambra State, Nigeria Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, ..., taking office on 29 May 2007. He is a member of the People's Democratic Party (PDP). Obiorah attended Obafemi Awolowo University, Ife (1981–1985) where he obtained a Bachelor of Law degree. He went on to the Nigerian Law School and became a Barrister at Law in 1986, entering the legal profession. After taking his seat in the Senate in June 2007, he was appointed to committees on National Identity Card & Population, Judiciary, Human Rights & Legal Matters and Housing and Urban Development (chairman). In a mid-term evaluation of Senators in May 2009, ThisDay noted that Obiorah had sponsore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Stripping
Asset stripping refers to selling off a company's assets to improve returns for equity investors, often a financial investor, a "corporate raider", who takes over 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 world. The benefits of asset stripping generally go to the corporate raiders, who can sla ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Olusegun Obasanjo
Chief Olusegun Matthew Okikiola Ogunboye Aremu Obasanjo (; ; born 5 March 1937) is a Nigerian former army general, politician and statesman 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 1998 to 2015, and since 2018. 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. He joined the Nigerian Army and specialised in engineering and served in the Congo, Britain, and India, rising to the rank of Major. In the late 1960s, he played a major 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 ruling triumvirate. After the triumvirate's leader, Murtala Muhammed, was assassinated the following year, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sani Abacha
Sani Abacha (; (20 September 1943 – 8 June 1998) was a Nigerian military dictator and statesman who ruled Nigeria with an iron fist as military head of state from 1993 following a palace coup d'état until his death in 1998. Abacha's seizure of power was the last successful coup d'état in Nigerian military history. He wielded power with an unyielding attitude and his rule heralded an unprecedented total disregard for human rights with several political assassinations and summary executions of dissidents and political opponents in Nigeria. His rule drew disrepute to the country with Nigeria becoming a pariah state in international relations particularly with regards to the execution of environmental activist Ken Saro-Wiwa. Sani Abacha was considered one of the twentieth century's most corrupt dictators and as a kleptocrat for the alleged embezzlement of US$2–5 billion. Abacha, and his family, allegedly hid most of the loot abroad in Switzerland, as well as in ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ibrahim Babangida
Ibrahim Badamasi Babangida (born 17 August 1941) is a Nigerian statesman and military dictator who ruled as military president of Nigeria from 1985 when he orchestrated a coup d'état against his military and political arch-rival Muhammadu Buhari, until his resignation in 1993 as a result of the crisis of the Third Republic. He rose through the ranks of the Nigerian Army fighting in the Nigerian Civil War and at various times being involved in almost all the military coups in Nigeria, before advancing to the rank of a General and ultimately as Commander-in-Chief of the Armed Forces; and as an unelected President and military dictator from 1985 to 1993, ruling for an uninterrupted period of eight years. His years in power, colloquially known as the ''Babangida Era'', are considered one of the most controversial in Nigerian political and military history, being characterized by a burgeoning political culture of corruption in Nigeria, with Babangida and his regime estimate ... [...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 an attempted 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, Plat ... [...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 is registered under the Companies Act of 1968 to publish newspapers, magazines and other periodicals. The newspaper's aim is said to be to "inform, educate and entertain Nigerians and the world at large." History ''The Punch'' was founded by Olu Aboderin, James Aboderin, an accountant, and Sam Amuka Pemu, 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 Apoliticism, 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 of people.Adigun Agbaje, "Freedom of the Press and Party Politics in Nigeria: Precepts, Retro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
