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The MTN Nigeria’s Record N1.346 trillion Turnover

By
Ndubuisi Ekekwe
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1

Covid-19 broke industrial sectors, but some sectors, despite the paralysis, captured huge financial values. With people constrained in their homes, talking and using the web became  the few options to keep the hours going: “Adoption of our data and digital services accelerated as lockdowns and gathering restrictions were imposed, and work-from-home became the norm for many”, noted MTN.

Yes, the telecommunication sector, across the world, saw growth, accelerated by Covid-influenced intervention programs. So, it is not surprising that MTN Nigeria is reporting a record number – a turnover of N1.346 trillion for the financial year 2020! In other words, MTN Nigeria is the largest publicly traded company by revenue in Nigeria. If you have not run the math, that is about 10% of Nigeria’s national budget as turnover!

But earnings were restrained by a rise in direct network operating costs by more than a quarter from N246.604 billion to N310.248 billion, and in discounts and commissions by over one fifth from N56.586 billion to N68.528 billion.

An 18 per cent rise in MTNN finance costs, which represents the cash it spends on interest on short-term loans, from N122.080 billion to N143.687 billion also capped earnings.

Pre-tax profit came to N298.874 billion, up from the N291.277 billion reported for the corresponding period of 2019, according to the telco’s financial statement published by the Nigerian Stock Exchange.

Profit for the year inched up 1 per cent from N203.283 billion to N205.214 billion.

Shareholders fund upped from N145.857 billion to N178.386 billion at the rate of 22 per cent. MTNN shares closed trade on the floor of the NSE on Monday at N174 per unit, posting no movement.

Yes, a South Africa’s DNA’d company is helping us to understand that wealth abounds in Nigeria. Congrats to the home of Y’ello.

The World’s Greatest Invention – And Why Nigeria Needs It.

By
Ndubuisi Ekekwe
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1
Nigeria leaders

Markets cannot advance faster than the legal ordinance in economies. The foundation of all modern economies can be traced to property rights. If you check the gross world product (GWP) – aggregate GDPs of all nations – you will notice that for more than 1,400 years, from AD 1, the GWP was flat, meaning that per capita income was decelerating, across generations, implying that man/woman was getting poorer. 

But around the birth of America, something happened: legal ordinance was put into market systems through property rights. And just like that, the linear GWP began to grow exponentially. In a publication in Harvard, I noted that until nations advance the legal ordinance, by strengthening property rights – intellectual or  otherwise – they will remain largely poor.

The cement for factors of production is legal ordinance. Nigeria will not advance faster than the strength of its property rights. When a cow eats a farmer’s crops, and there is no consequence, Nigeria gets poorer. When a man steals the ideas of his neighbour and there is no consequence, Nigeria misses a pulse. You may think that it does not matter. It does, because the safest abode for capital is an economy, run within a strong rule of law. If you do not have that safe legal destination, capital will disinvite itself! 

Nigeria needs to fix the fundamental things about the nation. Yes, we need to go intellectual. If we do, we will notice one factor: you cannot leapfrog the strength of your legal systems, as you advance as a nation! If you do not know, know it now that the invention of intellectual property rights is the biggest invention in human history.  The ordinance of markets lives on a great legal system – and the biggest magnet for capital is that legal system. As the high priest to the IPRs, the legal system makes markets function and runs. That is the law for economic development.

Intellectual property rights are legal rights that provide creators protection for original works, inventions, or the appearance of products, artistic works, scientific developments, and so on. There are four types of intellectual property rights (IP): patents, trademarks, copyrights, and trade secrets

Ebenezer Soola, Retired UI Don, and His Last Message to Academic community, Nigerian Society

By
Mutiu Iyanda
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0

As people and organisations across the world continue appreciating a life well spent of Professor Ebenezer Oludayo Soola, who died on February 27, 2021, our analyst examines his last message to the academic community and Nigerian society.  Professor Soola was a retired Professor of development communication at the Department of Communication and Language Arts, University of Ibadan.

Our analyst discovered, according to available information from the Google Scholar, that the erudite African scholar of development communication investigated and published an article on “Women’s mass media exposure and maternal health awareness in Ota.” After analysing the issues around maternal health awareness in the research setting, Professor Soola and other colleagues note that “the goal of increasing the level of maternal health awareness needs to be matched with action thereby influencing the adoption of intervention measures aimed at reducing the rate of maternal mortality to the barest minimum.”

With this message and the consideration of Ogun State as the research setting, our analyst notes that Professor Soola eventually gave back to his immediate community. According to an online medium, “he was born in 1946 in Egba-Obafemi/Owode Local Government Area of Ogun State. After his primary and post-primary studies, he was admitted to the University of Ife now Obafemi Awolowo University OAU in 1970, where he read and obtained an Honours Bachelor’s degree in English.

He later proceeded to Brooklyn College City University of New York in the United States of America, where he obtained a Master’s degree in Broadcast Communication. On returning to Nigeria, he crowned his academic laurels with a PhD from the prestigious University of Ibadan. Soola who joined the University of Ibadan in 1984 became a professor in 2010. He served the University of Ibadan in various capacities. He successfully supervised several PhD theses at the University of Ibadan and other notable universities. He also served the National Universities Commission, NUC, as a member and chairman of accreditation panels to a number of universities.”

“He was a distinguished scholar and, undoubtedly, a renowned development communication scholar with experience of development in virtually all the local government areas in Nigeria. Soola taught so many professors, scholars, and other professionals of communication, mass communication and so on. Sunday Adepoju, one of his former students at the University of Ibadan says.

Another student, John Olufemi Atoyebi, who is a renowned professional in Nigeria says “Sad. May God grant him good rest. He taught me between 90 and 95 and later 98. Such a great man. Gentle as a dove.”

To immortalize his names and works in the academic community and African society, his academic sons and daughters had in three occasions organised international conference on communication, exploring different phases of development communication within indigenous and western perspectives. In 2013, the theme of the conference was “Harnessing the New Media of Communication for Sustainable Human Development.”

Week 4 At Tekedia Mini-MBA – Courseware and Zoom Links Posted

By
Ndubuisi Ekekwe
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0

This week at Tekedia Mini-MBA, we are learning Exponential Technologies and Singularity. The course focuses on the business opportunities, entrepreneurial playbooks, etc, over the core technologies. A US-based think tank, Transdisciplinary Agora for Future Discussions Inc. ( TAFFD’s ), developed the course for us.

  • Exponential Technologies and Business Opportunities in the Age of Singularity – Edward Hudgins, PH.D
  • Singularities, Transhumanism, and Entrepreneurship – Gennady Stolyarov II
  • Singularity, Exponential Growth and Technology – Chogwu Abdul, PhD
  • Futurism, Malleability, and Category King Companies – Brent Ellman

More so, Tekedia Live zoom links are in the Board.

  • Tue, March 2 | 7pm – 8pm WAT | Digital Transformation of Sectors – Jude Ayoka, Access Bank Plc.
  • Thur,  March 4 | 7pm – 8pm WAT | Financial Technologies and Ecosystems – Stanley Jacob, Mastercard.
  • Sat, March 6 | 7pm – 8.30pm WAT | General Topic, Building Category-King Companies – Ndubuisi Ekekwe.

Have a great co-learning week at Tekedia Institute.

Full List of 78th Golden Globe Awards Winners

By
Samuel Nwite
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0

The 78th Golden Globe Awards held virtually on Feb. 28 saw actors, who in different movie, drama and TV roles distinguished themselves, won in different categories. Among them, the late Chadwick Boseman, who posthumously won for his role in Ma Rainey’s Black Bottom.

Below is the full list of winners and the categories they won in.

Best Performance by an Actor in a Television Series — Musical or Comedy.

Nominees

Don Cheadle – Black Monday

Nicholas Hoult – The Great

Eugene Levy – Schitt’s Creek

Jason Sudekis – Ted Lasso – WINNER

Ramy Youssef – Ramy

Best Performance by an Actress in a Television Series — Musical or Comedy

Nominees

Lily Collins – Emily in Paris

Kaley Cuoco – The Flight Attendant

Elle Fanning – The Great

Jane Levy – Zoey’s Extraordinary Playlist

Catherine O’Hara – Schitt’s Creek- WINNER

Best Performance by an Actor in a Television Series — Drama

Nominees

Jason Bateman – Ozark

Josh O’Connor – The Crown – WINNER

Bob Odenkirk – Better Call Saul

Al Pacino – Hunters

Matthew Rhys – Perry Mason

Best Performance by an Actress in a Television Series — Drama

Nominees

Olivia Colman – The Crown

Jodie Comer – Killing Eve

Emma Corrin – The Crown – WINNER

Laura Linney – Ozark

Sarah Paulson – Ratched

Best Performance by an Actor in a Limited Series or Motion Picture Made for Television

Nominees

Bryan Cranston – Your Honor

Jeff Daniels – The Comey Rule

Hugh Grant – The Undoing

Mark Ruffalo – I Know This Much is True – WINNER

Ethan Hawke – The Good Lord Bird

Best Performance by an Actress in a Limited Series or Motion Picture Made for Television

Nominees

Cate Blanchett – Mrs. America

Daisy Edgar-Jones – Normal People

Shira Haas – Unorthodox

Nicole Kidman – The Undoing

Anya Taylor-Joy – The Queen’s Gambit – WINNER

Best Television Series Drama

Nominees

The Crown – WINNER

Lovecraft Country

The Mandalorian

Ozark

Ratched

Best Television Limited Series or Motion Picture Made for Television

Nominees

Normal People

The Queen’s Gambit – WINNER

Small Axe

The Undoing

Unorthodox

Best Performance by an Actress in a Supporting Role in a Series, Limited Series or Motion Picture Made for Television

Nominees

Helena Bonham Carter – The Crown

Julia Garner – Ozark

Annie Murphy – Schitt’s Creek

Cynthia Nixon – Ratched

Gillian Anderson – The Crown – WINNER

Best Performance by an Actor in a Supporting Role in a Series, Limited Series or Motion Picture Made for Television

Nominees

John Boyega – Small Axe – WINNER

Brendan Gleeson – The Comey Rule

Daniel Levy – Schitt’s Creek

Jim Parsons – Hollywood

Donald Sutherland – The Undoing

Best Television Series — Musical or Comedy

Nominees

Emily in Paris

The Flight Attendant

Schitt’s Creek – WINNER

The Great

Ted Lasso

FILM

Best Motion Picture — Musical or Comedy

Nominees

Borat Subsequent Moviefilm – WINNER

Hamilton

Music

Palm Springs

The Prom

Best Motion Picture — Drama

Nominees

The Father

Mank

Nomadland – WINNER

Promising Young Woman

The Trial of the Chicago 7

Best Motion Picture — Foreign Language

Nominees

Another Round – Denmark

La Llorona – Guatamala/France

The Life Ahead – Italy

Minari – USA – WINNER

Two of Us – France/USA

Best Screenplay — Motion Picture

Nominees

Emerald Fennell – Promising Young Woman

Jack Fincher – Mank

Aaron Sorkin – The Trial of the Chicago 7 – WINNER

Florian Zeller, Christopher Hampton – The Father

Chloe Zhao – Nomadland

Best Original Song — Motion Picture

Nominees

Fight for You – Judas and the Black Messiah

Hear My Voice – The Trial of the Chicago 7

IO SI (Seen) – The Life Ahead – WINNER

Speak Now – One Night in Miami

Tigers & Tweed – The United States vs. Billie Holiday

Best Actor in a Supporting Role in Any Motion Picture

Nominees

Sacha Baron Cohen – The Trial of the Chicago 7

Daniel Kaluuya – Judas and the Black Messiah – WINNER

Jared Leto – The Little Things

Bill Murray – On the Rocks

Leslie Odom, Jr. – One Night in Miami

Best Actress in a Supporting Role in Any Motion Picture

Nominees

Glenn Close – Hillbilly Elegy

Olivia Colman – The Father

Jodie Foster – The Mauritanian – WINNER

Amanda Seyfried – Mank

Helena Zengel – News of the World

Best Actor in a Motion Picture — Musical or Comedy

Nominees

Sacha Baron Cohen – Borat Subsequent Moviefilm – WINNER

James Corden – The Prom

Lin-Manuel Miranda – Hamilton

Dev Patel – The Personal History of David Copperfield

Andy Samberg – Palm Springs

Best Motion Picture — Animated

Nominees

The Croods: A New Age

Onward

Over the Moon

Soul – WINNER

Wolfwalkers

Best Actor in a Motion Picture — Drama

Nominees

Chadwick Boseman, – Ma Rainey’s Black Bottom – WINNER

Riz Ahmed – The Sound of Metal

Anthony Hopkins – The Father

Gary Oldman – Mank

Tahar Rahim – The Mauritanian

Best Actress in a Motion Picture — Drama

Nominees

Viola Davis – Ma Rainey’s Black Bottom

Andra Day – The United States vs. Billie Holiday – WINNER

Vanessa Kirby – Pieces of a Woman

Frances McDormand – Nomadland

Carey Mulligan – Promising Young Woman

Best Actress in a Motion Picture — Musical or Comedy

Nominees

Maria Bakalova – Borat Subsequent Moviefilm

Kate Hudson – Music

Michelle Pfeiffer – French Exit

Rosamund Pike – I Care A Lot – WINNER

Anya Taylor-Joy – Emma

Best Actor in a Motion Picture — Musical or Comedy

Nominees

Sacha Baron Cohen – Borat Subsequent Moviefilm – WINNER

James Corden – The Prom

Lin-Manuel Miranda – Hamilton

Dev Patel – The Personal History of David Copperfield

Andy Samberg – Palm Springs

Best Director — Motion Picture

Nominees

David Fincher – Mank

Regina King – One Night in Miami

Aaron Sorkin – The Trial of the Chicago 7

Chloe Zhao – Nomadland – WINNER

Emerald Fennell – Promising Young Woman

Best Original Score

Nominees

The Midnight Sky

Tenet

News of the World

Mank

Soul – WINNER

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