Tekedia Institute Expands to Eswatini (formerly Swaziland)

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August 12, 2022

Tekedia Institute is excited to announce that we’re opening a new subsidiary in Eswatini (formerly Swaziland) next month. Tholeni S Buthelezi will lead and run the business for us. Through this process, we will serve schools, companies, and individuals better on Tekedia Mini-MBA, Tekedia Industries, Tekedia Practice, Tekedia for Enterprise, Tekedia Startup Masterclass, etc.

The broad Southern Africa has become a growth region for our education and training on entrepreneurial capitalism. Tekedia Institute is poised to graduate more learners this year than any university in Africa.

Tekedia Institute – Africa’s temple for the mastery of entrepreneurial capitalism and business management. Our customer support runs 24/7 because we support 41 countries; email my team on how we can help you advance your mission here

“It is the mark of an educated mind to be able to entertain a thought without accepting it” – Aristotle . We liberate minds here.

[Updated] Nigeria 2023: Atiku sued, Wike Listed As Plaintiff in a PDP Presidential Primary Legal Matter

By

Ndubuisi Ekekwe

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August 12, 2022

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Update: Good People, I have received more info on the alleged Nyesom Wike (governor of Rivers State) suit challenging Atiku’s ascension as the PDP presidential flagbearer for the 2023 election. Apparently Wike did not file the suit even though he was listed as a plaintiff! The case # is FHC/ABJ/CS/782/2022 filed at the Federal High Court.

Plaintiff: Nyesom Wike, Newgent Ekamon

Responders: PDP, INEC, Tambuwal (governor of Sokoto), Atiku

The original confusion was that because he was listed as a plaintiff that it must have originated directly from him. It does appear that he was listed as plaintiff even though he possibly did not originate it. That said, nothing in his denial invalidates the premise since the other plaintiff has not dropped the case. In other words, PDP, Atiku and others have to respond to avoid legal surprises! Yet, I would have expected that this suit is statute barred looking at the time between the primaries and the filing

Comment – Wike has denied filing this case.

My Response: Again, this piece did not say otherwise. He was listed as a plaintiff which 99% of the time will mean he was a party to the case. His denial is irrelevant as the other party is still pursuing it. Why do I say that? If Atiku, PDP, etc do not respond to the court summons and sleep with Wike’s denial statements, the judge will rule against them, and award everything prayed [Wike is the PDP candidate]. If that happens, Wike can benefit by being compelled by the court to become PDP flagbearer. Lol.

Sure, Wike has denied it. But he has to make it official by going to court to withdraw his name. If not, the case will move on.

The governor of Rivers State, Nyesom Wike, has gone to court to challenge the outcome of PDP’s presidential primaries, making a case that he “won” the contest, Premium Times reports: “Mr Wike seeks, among other prayers, the court’s pronouncement declaring him the PDP’s presidential candidate for the 2023 election. In the suit, Mr Wike sued the PDP, the Independent National Electoral Commission (INEC), Atiku, and Governor Aminu Tambuwal of Sokoto State as defendants.”

When I wrote after that election that Wike would have won if not for the withdrawal of Tambuwal, many here contested that thesis. Today, it seems to be the basis of this suit: “In a supporting affidavit that he deposed, Mr Ekamon, the co-plaintiff, noted that he was a member of the PDP and attested to the fact that Mr Wike won the presidential election. He maintained that Mr Tambuwal withdrew from the contest after voting had commenced and directed that his votes be assigned to Atiku.”

People, if they do not manage this immediately, PDP would be gone. I see no path how PDP will thrive if the two leading figures are fighting in the court. Wike is a pillar in PDP no matter how you see it. Atiku is a known brand. If both are fighting, PDP’s umbrella may be leaking water before the big rain!

The Rivers State governor, Nyesom Wike, has filed a suit at the Federal High Court in Abuja challenging the outcome of the Peoples Democratic Party (PDP) primary.

It comes as a signal that recent efforts by the party to reconcile him with the party’s presidential candidate, Atiku Abubakar, has not yielded positive result.

Mr Wike seeks, among other prayers, the court’s pronouncement declaring him the PDP’s presidential candidate for the 2023 election.

In the suit, Mr Wike sued the PDP, the Independent National Electoral Commission (INEC), Atiku, and Governor Aminu Tambuwal of Sokoto State as defendants.

According to court documents, the PDP is listed as the first respondent while Atiku is the 2nd respondent.

Punch newspaper reports that the suit marked FHC/ABJ/CS/782/2022, has Mr Wike and a PDP chieftain, Newgent Ekamon, as the plaintiffs.

Update. From ThisDay

From ThisDay: “Rivers State Governor, Mr Nyesom Wike few moments ago (Friday) distanced himself from a purported suit said to have been filed by him seeking the removal of Atiku Abubakar as presidential candidate of the People’s Democratic Party (PDP) in next year’s general election. This comes few hours after some media outfits had reported that Wike had ordered the removal of PDP flags in Rivers State government house, which also turned out to be false. In an exclusive chat with THISDAY, the Governor denied knowing anything whatsoever about the purported suit or even knowing the lawyers who filed the suit in the first instance. “I don’t know anything about the so called suit. I did not ask anyone to file any suit for me”.

Comment on LinkedIn Feed

Comment: Wike has debunked this news.

My Response: My understanding is that the newspaper reported a court case, not Wike said “Punch newspaper reports that the suit marked FHC/ABJ/CS/782/2022, has Mr Wike and a PDP chieftain, Newgent Ekamon, as the plaintiffs.” Check if that court number is fake. What Wike said is irrelevant. Punch which broke the news which PT picked is reporting from the court filing.

Comment: Good day Sir, i see an update in the newspaper dailies. Read here.

My Response: that did not say the suit # FHC/ABJ/CS/782/2022, is fake. That court case exists. What Wike is saying does not matter because this is a court case. If that was filed without his knowledge, he needs to sue the lawyers who filed them. But “denying” the suit is not good enough.

Airtel Post Share Gains Of 10%, As Company Shareholders Earn N651 Billion

By

Ojukwu Emmanuel

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August 12, 2022

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Telecommunications company Airtel, is no doubt having a fantastic year, as the company which operates across 14 African countries, generated $1.2 billion in revenue, in the first half of 2022, growing by 13% from the same period last year.

Just recently Airtel’s share price posted gains of 10% in July, becoming one of the best-performing stocks of the trading month, following positive investors’ sentiment. The positive sentiment witnessed on shares of the telecom firm during the month of July, has resulted in investors of the company gaining about N651 billion at the close of trading on July 29th.

Airtel began the year with a share price of N955 and has since gained 99.5% on that price valuation, ranking Ninth on the Nigerian Exchange (NGX) in terms of year-to-date performance.

Investors in the company will no doubt be overwhelmed with a feeling of ecstasy, smiling to the bank, as the company continues to perform exceptionally well since the beginning of 2022, giving investors massive returns on their investments.

It doesn’t come as a surprise that Airtel ranks as the 96th most traded stock on the Nigerian stock exchange over the past three months this year, from April 12 to July 18, 2022.

Despite the Covid-19 pandemic that put a constraint on many businesses across the globe, the company has continued to remain resilient since the pandemic period, with remarkable achievements in revenue.

Airtel has traded a volume of 7.65 million shares in 2,304 deals valued at N12.4 billion over the period, with an average of 121,433 traded shares per session. A volume high of N1.38 million was achieved on May 27th, and a low of 31 on April 13th, for the same period.

Shareholders at the company have been reported to have gained about N3.571 trillion at the close of the trading period on 18th July 2022. It is interesting to note that Airtel Africa is also listed on the London exchange markets.

The company has consistently positioned itself to compete for the foreseeable future, which is why it has consistently witnessed a significant increase in its revenue and gains in its shares. Airtel has continued to hit on all cylinders, as it expanded its business, by making a significant entry into the Fintech sector.

Its entry into the Fintech space was no doubt a remarkable entry, as the company Immediately partnered with British multinational banking and financial services company, Standard Chartered Bank, to enable the telecommunications company to deepen its financial inclusion drive across key markets.

Ever since Airtel commenced its mobile money operation in Nigeria, the company has continued to witness a strong addition in its market capitalization. As of July 2022, the local stock market witnessed a 1.71 percent growth as investors showed buying interest in some companies doing remarkably well, such as GTCO, Wema Bank, other equities, and Airtel inclusive.

It was reported that traders/investors did not hesitate to pounce on the stocks of these companies, with the hope that their prices would rise in the coming weeks. As an investor looking for where to invest, Airtel might be that destination, as the company has continued to give investors a massive return on investments.

Tourism Spike in El Salvador Over its Adoption Of Bitcoin As A Legal Tender

By

Ojukwu Emmanuel

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August 12, 2022

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Recall when Central American country El Salvador in September 2021, adopted Bitcoin as the country’s legal tender, as it was followed by widespread criticism.

There were several calls from experts and international bodies, such as the International Monetary Fund (IMF), urging El Salvador to discontinue from using Bitcoin as its legal tender, stating that doing so will pose a serious challenge to the country’s economy.

However, it seems like the country’s adoption of Bitcoin as its legal tender seems to be paying off, as recently, El Salvador was included in the ranking of the World Tourism Organization, along with 14 other countries as part of the countries that experienced high tourist attraction from January to May this year. Only three countries in the Americas appeared on the list, Saint Lucia with 21, El Salvador with 6, and Mexico, with 3.

Ecstatic about this news, President Nayib Bukele took to his Twitter profile to disclose that his adoption of Bitcoin as well as the crackdown on criminal gangs in the country, led to a spike in El Salvador’s tourism despite the bear market. He disclosed that his policy of adopting Bitcoin as the country’s legal tender is one of the major reasons why holiday-goers are choosing El Salvador as their desired destination.

See what he said; “Only a handful of countries have been able to bring their tourism back to pre-pandemic levels. The reasons behind it are mainly Bitcoin and surfing. But domestic tourism is growing even more, mainly due to our crackdown on gangs”.

Recall that President Nayib Bukele declared war against gangs in El Salvador, as his government has been hell-bent on pushing out violent crime from the country, despite critics claiming that his regime was violating the human rights of both prisoners and those suspected of gang membership.

His crackdown on gangs in El Salvador, has however witnessed unrivaled success, with the high rate of murder dropping to zero on consecutive days for the first time in several years. President Nayib did not fail to give himself a pat on the back, by stating that aside from the adoption of Bitcoin as the country’s legal tender, his crackdown on crime and gang activities in the country has also led to the increase of tourists in the country as they now feel safe coming to the country.

Contrary to reports from the Wall Street Journal that El Salvador’s bet on Bitcoin to attract tourists hasn’t worked, visits for the first half of 2022 almost outpace total visits in 2019. 1.1 million people visited the country in six months compared to last year’s total of 1.2 million.

Speaking in a recent radio interview, El Salvador’s Ministry of Tourism through its general director, Alex Bonilla disclosed that over the summer holiday period, the country can expect “57,500 international visitors”, which will generate $60 million in foreign exchange during this vacation, with the expectation that the tourist visit this year will beat the 1.2 million of last year.

It is interesting to note that lots of Bitcoiners have been constantly making trips to El Salvador since the adoption of Bitcoin as the country’s legal tender. Also, big shots and shakers in the Bitcoin ecosystem, fascinated by what is happening in the country, have also visited.

Tourists who are in support of the adoption of Bitcoin have been reported to spend more time in the country. Before the adoption of Bitcoin, there was a daily spend of $113 to $150, now it’s up to $200 a day. El Salvador’s tourism has grown up to 30% since Bitcoin adoption says the minister.

2023 Presidential Election: Wike Sues Atiku and PDP, Deepining the Party’s Crisis

By

Samuel Nwite

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August 12, 2022

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Rivers State governor Nyesom Wike has filed a lawsuit against the Peoples Democratic Party (PDP) presidential flagbearer Atiku Abubakar, over the outcome of the recently-held party primary election.

The lawsuit was filed by Wike alongside Michael Ekamon, a member of the PDP, at the Abuja Federal High Court. According to court filing, the PDP, Sokoto State governor Aminu Tambuwal and Nigeria’s electoral body INEC, are all joined in the suit. The parties were served on July 1.

The development has presented a fresh challenge to the main opposition party’s quest to win the 2023 presidential election.

Wike was aggrieved by the outcome of the PDP’s primary election after Tambuwal stepped down from the race for Atiku. The governor said Tambuwal’s decision undermined his chance of winning, describing it as betrayal.

Attempts by the PDP’s National Working Committee (NWC) to resolve the matter have failed. Now the crisis has degenerated to a lawsuit that will likely mar the party’s chance to retake power from the ruling All Progressive Congress (APC), who ascended to power in 2015.

Wike has accused the former vice president of telling lies against him and using his “attack dogs” to issue false statements, and has vowed to tell the whole truth about all that recently transpired in the PDP.

“When I chose to quietly mind my state they chose to constantly sow malicious lies & discord. For posterity sake I will reveal all that occurred and respond to every one of their lies. We cannot leave our history in the hands of liars,” Wike said last month.

After the PDP’s primary election, a committee set up by Atiku to choose a running mate for him, revealed that they chose Wike, but their decision was overridden by Atiku’s choice of Delta State governor Ifeanyi Okowa. The matter is believed to have added salt upon Wike’s injury, fanning embers of the PDP’s infighting.

Atiku’s attempts at reconciliation have failed. On Thursday, Adamawa State governor, Umaru Fintiri, paid emissary visit to Wike in Port Harcourt, in Atiku’s latest move to make peace. But Wike insisted that for peace to reign, the National Chairman of the PDP, Senator Iyorchia Ayu, must resign from office.

Per Vanguard, Wike told Fintiri that even without his insistence on Ayu’s resignation, honor, dignity and sincerity should make Ayu resign, based on his promise to do so once a northerner emerged as presidential candidate.

The lingering dispute is exacerbating the gap created by the sudden exit of Labour Party’s presidential candidate Peter Obi, whose myriads of supporters followed to his new party.

Tekedia Institute Expands to Eswatini (formerly Swaziland)

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