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Obi Gains in Latest ANAP/NOI Poll for Nigerian Presidency

By
Ndubuisi Ekekwe
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0

A new ANAP/NOI poll is out and the race to Aso Rock remains fluid. There are many interesting observations from the last one: Obi now matches the combined Tinubu and Atiku numbers.

North West is now a toss with Atiku and Tinubu within margin of error, but Obi improves there. North Central continues to look great for Obi; he outperforms combined votes of Atiku and Tinubu as Tinubu has lost ground in that region. Coming to the South East and South South, Obi is also doing great there. Tinubu holds the South West just as Atiku holds the North East.

North West remains where elections are decided with the massive numbers from Kano and Katsina. Expect more trips.  This election is open. Of course, the best poll is election and everyone should #vote.

Note: do not be hard on me if your candidate is not doing well; I am only analyzing data. If you have verbal attacks, please send to venerable banker, Atedo Peterside, President/Founder, ANAP Foundation .

Comment on Feed

Comment 1: Ndubuisi Ekekwe; you are sharing and analyzing the data because you trust it and because it favours your candidate (PO), which in all honesty isn’t a crime. My point, as I have always said, is that you must not deny your position, directly or indirectly, if the result of the real election come February 2023 doesn’t favour your candidate or your series of postulations. Some of us are saving these posts for your reminder. ? ? ?

My Response: as I have said, send me any poll that is published by Guardian, BusinessDay, Vanguard or any of the top 7.  I do not break news, I only analyze broken and settled ones. That ensures I do not spread fake news. If the Guardian with the smartest people publishes it, even if Tinubu is up by 100%, I will analyze it.

I have no candidate and this is not my data.  I will lose this debate because Yemi is reading “Ndubuisi” before my posts. That is fine – it is Nigeria.

Comment 2: Obi can only win or come second, he cannot come third. Reason? Tinubu and Atiku cannot be do well at the same time in NW and NE, because if both are strong there, it means that both will lose…

The election has three major candidates with different characteristics, that is why it’s a different kind of election. So whether by religion, ethnicity or competence, the characteristics will still feature, it remains fluid.

The size of undecided voters is still large, so whoever that covers more grounds and remains visible could take a large chunk of that block.

Game on…

Tekedia Capital Portfolio, Touch & Pay, Powers Lagos Rail Metro System

By
Ndubuisi Ekekwe
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0

Let me thank His Excellency, Governor Babajide Sanwo-Olu of Lagos State, and the good people of Lagos, for choosing the local team and the best microtransaction fintech company in Africa, Touch and Pay Technologies Ltd (YC W22), for the Lagos Rail Mass Transit payment processing.  It is contactless and it works amazingly.

The day I met this team in Lagos, three years ago, when they were just processing $10k per month, I knew that one of Africa’s finest companies was on the horizon.  Today, with close to 3 million customers and processing $$millions monthly, Touch and Pay is an innovator and pioneering new markets. It is expanding to more markets, from Kano state to Senegal, and beyond.

I commend Afolabi Olamide, Kabir Yabo, Oluwole Michael and the whole team, for executing the playbook. Tekedia Capital  salutes as we wait for that bell ringing very soon. TAP, win more markets and fix frictions.

Gentlemen and Ladies, load your Cowry cards and use Lagos Metro, the best tech is behind you.  I also use this opportunity to call other states and countries that we are ready to serve you. Reach out via email here  ; my team will connect you to TAP leaders.

CBN Releases Security Features on New Naira Notes Over Reports of Circulation of Counterfeits

By
Ojukwu Emmanuel
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0

Just a few days after the Central Bank of Nigeria (CBN) released the newly redesigned naira notes into circulation, there have been reports of counterfeit notes dotted across the nation which has prompted the CBN to release a document of the security features on the new notes.

In a recent viral video, a man disclosed that his wife who is a pos vendor received a counterfeit of the newly redesigned N1,000 naira note.

In his words,

“Fake money is in town now, people should be very careful. My wife who is into pos, someone gave the fake N1,000 naira note to her and we don’t know who gave her the money, we later discovered that it is fake money”.

He therefore went ahead to place the fake note side by side with the original one to educate Nigerians on how to differentiate the fake from the original.

He disclosed that the original note has a gold label which is known as “KINEGRAM”, which has the image of 1,000 on it and the coat of arms, while the fake one does not have it.

In a bid to ensure that the citizens do not fall victim to the counterfeit newly designed notes in circulation, the CBN has released the security features of the new naira notes.

In the documents released by the Apex bank, the details and position of the security features on the new notes are highlighted for the citizens to take note of.

The newly designed N1,000 naira note has at least 23 features, the N500 naira note has 15 features, and the N200 naira note has 10 features.

Recall that during the release of the newly designed naira notes, it was faced with widespread rejections.

While some were unaware of the new notes, several others rejected the notes, stating that it would be very difficult to identify the fake ones.

Most businessmen and women are reportedly reluctant to accept the new notes as legal tender, as they have decided to stick with the old notes pending the deadline given by the Central Bank of Nigeria (CBN) to phase out the old notes.

Recall that CBN released the new notes which the CBN Governor Godwin Emefiele disclosed was a major milestone in the bank’s effort to solve the numerous challenges facing the management of the nation’s currency.

Meanwhile, director in charge of currency at the Central Bank of Nigeria, Ahmed Bello Umar has expressed worry over the low response by Nigerians and commercial banks towards the return of the old notes.

Musk Searching for “Someone Foolish Enough” to Head Twitter

By
Samuel Nwite
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0

Elon Musk announced Tuesday he will step down as Twitter CEO, following the result of a poll he conducted on Sunday.

“I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” he said.

The Tesla and SpaceX CEO had on Sunday, conducted an informal poll where he asked Twitter users if he should step down as the head of the social media company. With majority (57.5%) of the 17 million respondents voted yes, Musk has begun looking for his replacement.

The Boring company founder has relied on polls to make some decisions since he took over Twitter. He said on Sunday that he will abide by the result of the poll. The entrepreneur said that “going forward, there will be a vote for major policy changes.”

Musk’s $44 billion acquisition of Twitter has been rocky, enveloped by controversies that have been dominated by free speech. The billionaire has introduced changes to the social media company that his critics have described as absurd.

From sacking more than 50% of Twitter’s workforce, including the content moderation team, to reinstating many suspended accounts, including former US President Donald Trump, to charging $8 fee for verification tick, Musk’s style of running Twitter has not been acceptable to many, including advertisers.

Critics have alleged that his style of leadership has resulted in spike of racist hate speech, especially anti-Semitism. Although Musk has repeatedly claimed that hate speech has significantly dropped and “Twitter usage” (by real humans) has reached “all-time highs”, advertisers have left the platform in droves while those who remain have cut their ad spending.

The call for Musk to step down has been on as early as he took over Twitter. Investment advisor, Gary Black, asked Musk on Tuesday to look within the social media space in his search for a replacement.

“Elon – please focus on seasoned media executives who are passionate about advertising AND technology. There are plenty of people from $DIS, $META, $GOOGL with all the requisite skills and foolish enough to take the job. How about Bret Taylor?” he said.

Musk has been accused of running Twitter all the way a social media company shouldn’t be run, with the layoff of the majority of the platform’s key staff as a typical example.

Besides how his actions affect Twitter, Musk’s other companies, particularly Tesla and SpaceX, have been at the receiving end of his romance with the social media company. Tesla has lost over 60% of its market value since Musk made his bid to acquire Twitter, prompting complaints from the electric vehicle company’s shareholders.

Musk has sold billions of dollars worth of Tesla shares this year to finance the Twitter acquisition, a development shareholders believe is affecting the auto firm market performance. Following the cut of Twitter staff, he pulled in talent from Tesla, SpaceX and the Boring Co., including executives, engineers and attorneys, to assist him at Twitter.

Besides Tesla shareholders, people in government have expressed concern about Musk’s Twitter business. On Monday, Sen. Elizabeth Warren, D-Mass., wrote to the chair of Tesla’s board, Robyn Denholm, expressing concern that Musk and the board may have violated legal obligations to Tesla shareholders, per CNBC.

Warren had asked the board to answer specific questions about the alleged misappropriation of Tesla resources and conflicts of interest resulting from Musk’s purchase of Twitter.

Also, NBC News reported earlier this month that NASA Administrator Bill Nelson asked SpaceX President and COO Gwynne Shotwell whether Musk’s “distraction” at Twitter might affect SpaceX’s work with the space agency. Though Nelson said she reassured him it would not, the query underscores the facets of growing concerns over Musk’s position as Twitter CEO.

Musk, at the end of the Sunday poll, removed “Chief Twit”, a title he had added upon the completion of Twitter acquisition, from his bio.

Very Commendable as Emefiele, Buhari Move to Stop Cash Withdrawal from Public Accounts

By
Ndubuisi Ekekwe
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1

This is a really great call by the Central Bank of Nigeria and the Presidency to phase out cash withdrawal from public bank accounts in Nigeria. Yes, the Central Bank of Nigeria governor, Godwin Emefiele, is having one  of his most fascinating quarters. He is working. That does not mean we like everything he is doing. But the CBN team is putting real efforts. And you can add Mr. President in that list also. I give Buhari credit because he can shut down all these new initiatives Emefiele is putting in place.  I wish this started earlier instead of a few months to the end of this administration. To the CBN team, I salute.  This is what we have been asking: show energy and serve the nation.

When I wrote this ”So, CBN, it’s the government that needs a cash withdrawal limit and not companies and citizens”, I posited that a cash withdrawal policy should focus on the government, as I withdrew my support of clipping citizens and companies, when we unable to reconcile electronic-based stamp duty cash collection.

Magically, that is the case: “The federal government of Nigeria has moved to implement a new policy that will restrict cash withdrawal from all public accounts. The policy, which will take immediate effect, mandates public office holders to open both domiciliary and local bank accounts.”

The statement explained that the introduction of the new policy became necessary due to “the consistent devaluation of the Naira and the introduction of a new Naira Policy, which automatically activates Section 1 of the Money Laundering Prohibition Act.”

The move comes on the heels of the decision by the Central Bank of Nigeria (CBN) to redesign naira notes and introduce a new policy that limits cash withdrawal to N100,000 for individuals and N500,000 for corporate organizations per week. The policy, which also limits the POS withdrawal to N20,000 per day, is geared toward promotion of the country’s cashless policy and tackling vote-buying among other ills as the general election nears.

The statement said the policy prohibiting cash withdrawal from public accounts was initiated following the observation that most cash withdrawals from government accounts, including payments for estacode for public officials, are often in excess of the cash withdrawal limit provided by the Money Laundering Act.

If they can sustain this new playbook especially in the military and security-focused agencies, Nigeria will enter a new dawn. Well done Mr. President, Mr. Governor. Charity begins at home, and the government should be cashless first before companies and the citizens. Hello estacodes….no more cash for that.

Comment on Feed

Comment 1: Ndubuisi Ekekwe I always enjoy reading your post because your words are always so powerful and factual. As you have rightly said sir this is a welcome development I just hope and pray the NASS and Senate won’t come and kick against it again.

Comment 2: I do not believe that this decision is coming too late, rather, it is the appropriate time. I applaud the CBN Team as well as Mr president, for taking these bold decisions.Our nation is on the verge…..the Nation is edgy, and thus, critical steps, though albeit painful, they have to be taken. I believe Nigeria will be better. I believe the Nation can still get back and better. God bless Nigeria.

Comment 3: A very thoughtful policy, if implemented to the letter, we will see corruption reduced by minimum of 50%.

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