When he touched the zenith of African football, winning the CAF Player of the Year award, I dropped these lines on Victor Osimhen: “Victor has been phenomenal and has created a new era in Napoli Italy. Today, we have the eras of Diego Maradona and Victor Osimhen (that is not an exaggeration if you follow Serie A).” 

Watching this young man is supremely delightful. He works hard for his team. He is generous to his team. He has an electrifying vision, making teammates better. His tenacity is unbounded. For his attacking prowess, he uses offense to build a great defense, allowing his goalkeeper to enjoy the game!

His field work rate is consistent with legends. They are great, and they deliver super-greats in teams. Usain Bolt ran the world’s best 9.58 seconds for 100 meters. But four Jamaicans ran the 4 x 100 meters relay at 36.84 seconds. If you run the numbers, each became better, running 100 meters, on average, at 9.21 seconds, when they ran together. Simply, by running together, they beat the individual world’s 100 meters record. 

The effort of Victor today reminds me of Nigerian-native but Greek- registered Giannis Antetokounmpo who plays for Milwaukee Bucks. Giannis in some games will have the most points, most blocks, most assists, and everything! Through that, he led a team to an NBA championship.

Outstanding! When your name is Lookman, you must look man because one Victor is sending victory crosses across.

Lookman. Osimhen. Super Eagles Nigeria: 2
Cameroon: 0 pic.twitter.com/i0x2IX7Mvl

— Ndubuisi Ekekwe (@ndekekwe) January 27, 2024

Victor is very promising. For the very first time, I felt like I was watching a super eagle. Why? When you bring an eagle home in ancestral Igbo, the elders will take you to Ikoro, the large wooden drum the size of a room. Today, I watched “Super Eagles” and if they continue to fly this way, my car stops at all the good parties and the laurels can come home – and they can enter the “Ikoro” of Nigeria!

And for all, find “Victors” in your team. They do offer great assists in producing high performance teams, well beyond their individual brilliance.

When he touched the zenith of African football, winning the CAF Player of the Year award, I dropped these lines on Victor Osimhen: “Victor has been phenomenal and has created a new era in Napoli Italy. Today, we have the eras of Diego Maradona and Victor Osimhen (that is not an… pic.twitter.com/k3modasaU4

— Ndubuisi Ekekwe (@ndekekwe) January 28, 2024

Note: As a lover of sports who has zero skill on any sports (always coming last), I branched into sports analysis and strategy, earning the nickname Sausa, the sports strategist in Secondary Technical School Ovim, Abia State. So bear with me; I like to analyze sports. 

Today in America, my Baltimore Ravens are going against the Kansas Chiefs and we’re hoping that Lamar Jackson plays his best game against Patrick Mahomes & Team. (Your prayer for Ravens will be appreciated as it will make this teacher happy as they need to WIN).

Again, Super Eagles, bring it home. I am available to offer the toast.

Nigerian entrepreneur Femi Otedola has revealed he plans to expand his stake in Dangote Cement Plc, a move that has contributed to the recent surge in the wealth of Aliko Dangote, the founder of the cement giant.

This decision follows Otedola’s recent acquisition of N6 billion worth of Dangote Cement shares, which has significantly boosted the company’s market performance.

Dangote Cement’s shares have witnessed an impressive rally, more than doubling in the current month alone, adding a remarkable $6.9 billion to Aliko Dangote’s wealth, which reached $22 billion as of Thursday, according to the Bloomberg Billionaires Index.

Otedola’s decision to expand his holdings comes at a pivotal moment for Dangote Cement, which has emerged as Nigeria’s leading company by market capitalization, surpassing Airtel Africa. The company, currently valued at an impressive N8.35 trillion, crossed the N10 trillion threshold earlier this week.

Otedola stated that his recent purchases are still a “work in progress” and were initiated last week. He plans to disclose the extent of his stake once it reaches a regulatory disclosure threshold.

Dangote Cement, recognized as Africa’s largest producer of construction materials, has played a crucial role in Aliko Dangote’s diversified business portfolio. The surge in its share prices is not only propelling Aliko Dangote’s wealth to new heights but is also influencing the performance of the Nigerian stock market. With the cement maker being a significant component of the equity benchmark, the NGX All Share Index has experienced a notable 36% jump, marking the best January performance since at least 1998.

Otedola’s move to increase his holdings in Dangote Cement aligns with his track record of making strategic investments that have triggered substantial rallies in the shares of the targeted companies. Notable instances include his investments in FBN Holdings Plc in 2022 and Transnational Corp. of Nigeria in the previous year.

Otedola said Dangote Cement’s unique position as the “only Nigerian cement company with two export terminals and a substantial export capacity” makes it an attractive investment opportunity. He highlighted this uniqueness and sees the cement maker as a proxy for Dangote’s colossal new refinery, which is considered the world’s largest facility of its kind in a single location.

The diversification into refining positions Dangote Cement to benefit from the growing demand for refined products both within Nigeria and on the international stage.

“With projected annual revenues of around $30 billion from products like urea, fertilizer, polypropylene, and other refined petroleum products, the refinery will substantially enhance his business interests beyond the traditional sectors like cement,” Otedola said.

While Dangote Cement has demonstrated remarkable performance with its 81.4% return in the last 52 weeks, the majority of its outstanding shares, approximately 85.8%, are under the control of Dangote Industries Limited, overseen by Africa’s wealthiest individual, Aliko Dangote.

The surge in the cement maker’s shares has led to speculation about the potential listing of other entities within the Dangote Group, including the newly operational Dangote Petrochemical Refinery. Analysts project that the listing of Dangote Refinery, along with Dangote Foods (a result of the ongoing merger of Dangote companies) and NNPC Limited, could be major boosts for the capital market.

Otedola’s investment comes at a crucial time for Dangote Cement, as the company has been contending with strong competition from its rival, BUA Cement. The latter lowered its prices late last year, responding to increased criticism regarding the high cost of cement in Nigeria. The move was seen by many as a competition strategy, even though BUA Cement’s Chairman, Abdul Samad Rabiu, stated that it aligns with the company’s mission to support development in the building materials and infrastructure sectors.

As investors closely watch the progress of Dangote’s newly operational Petrochemical Refinery, the milestone achieved by Dangote Cement on the NGX has fueled optimism of potential foreign investment into other subsidiaries of the Dangote Group. The new 650,000 barrel-a-day oil refinery, which started operations earlier this month, is expected to contribute significantly to Dangote’s business interests beyond traditional sectors.

Otedola’s decision to expand his holdings in Dangote Cement is seen as a confidence booster in the company’s future growth prospects, particularly with the operationalization of the refinery. Analysts believe the investment signals a positive trajectory for both investors and the Nigerian economy.

The UK government has announced that it will introduce legislation to regulate the use of digital pound, a new form of digital currency that will be backed by the Bank of England. The digital pound, also known as Britcoin, will be a complement to cash and bank deposits, and will aim to provide a secure and efficient way of making payments in the digital age.

According to the government, the digital pound legislation will ensure that users have adequate protections for their privacy and control over their money. The legislation will also set clear rules and standards for the providers of digital pound services, such as banks, fintech firms and payment platforms. The government said that it will consult with stakeholders and the public on the design and implementation of the digital pound system.

The government claimed that the digital pound will bring several benefits to the UK economy, such as:

Enhancing financial inclusion and access to digital payments for everyone. Supporting innovation and competition in the financial sector. Reducing costs and risks associated with cash handling and cross-border payments. Strengthening the resilience and stability of the payment system. Supporting the UK’s role as a global leader in fintech and digital finance

The government also said that it will work closely with the Bank of England, which will have the sole authority to issue and destroy digital pounds, as well as to oversee the monetary policy implications of the new currency. The Bank of England has been conducting research and experiments on the feasibility and impact of a central bank digital currency (CBDC) since 2015 and has recently established a CBDC unit to coordinate its work on the topic.

The Bank of England is exploring the possibility of creating a new form of digital money that would be issued by the central bank. This is known as a central bank digital currency (CBDC), and it could have significant implications for the future of money and payments in the UK.

A CBDC would be a new type of money that would exist alongside cash and bank deposits. It would be denominated in pounds sterling and backed by the Bank of England. Unlike cash, which is physical, or bank deposits, which are electronic, a CBDC would be digital and accessible through devices such as smartphones or computers.

The Bank of England has not decided whether to introduce a CBDC or not. It is still conducting research and experiments to understand the benefits, risks and challenges of a CBDC. The Bank is also engaging with stakeholders from the public sector, private sector and civil society to gather their views and feedback on a CBDC.

Some of the potential risks and challenges of a CBDC include:

Disrupting the banking sector by reducing the demand for bank deposits and affecting the profitability and business models of banks. Affecting privacy and data protection by creating new issues around the collection, storage and use of personal information related to CBDC transactions. Introducing operational and cyber risks by requiring a complex and secure technological infrastructure to support a CBDC.

The Bank of England is committed to ensuring that any decision on a CBDC is based on rigorous analysis and evidence. The Bank is also committed to ensuring that any CBDC would be designed in a way that respects the values and expectations of the British people, such as privacy, security and trust.

The UK is not the only country that is exploring the possibility of launching a CBDC. According to a recent survey by the Bank for International Settlements (BIS), 86% of central banks are actively researching CBDCs, 60% are experimenting with them, and 14% are deploying pilot projects. Some of the countries that have already launched or are planning to launch CBDCs include China, Sweden, Bahamas, Japan, South Korea and Nigeria.