Coronavirus: Over 40 Companies Donate $3.1billion for Containment, Drug Development

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March 9, 2020

As World records more confirmed cases of coronavirus and continues battling the deadly virus, analysis has shown that 47 companies have donated $3,113,762,975 for virus restraint and possible drug for its cure. According to the data mined and analysed by our analyst, LVMH, Kering and Swarovski have jointly donated $2.8billion for the purpose, which is the highest donation as at the time of writing this analysis.

Information has it that “Many of the funds were sent directly to the Chinese Red Cross Foundation.” Analysis further indicates that FUZAMEI, Chinese blockchain startup, had the lowest donation of $14,280. Most of the companies are operating in the North America, Asia and Europe, analysis reveals. Apart from this, analysis also establishes that the donors channeled the funds to Non-Governmental Organisations and Hospitals in China, especially Wuhan, the epicenter of the disease.

Exhibit 1: Companies and Association with Significant Donation

Source: Newspapers’ Reports, 2020; Infoprations Analysis, 2020

Exhibit 2: First Category of Donors

Exhibit 3: Second Category of Donors

Exhibit 4: Third Category of Donors

Our analyst notes that the donation from the global and local companies indicates that the owners and managers of the businesses are ready to make significant impacts in the war against the disease that has claimed life and expected to have a negative impact on national, regional and global economies at the end of the Q1 2020.

Kano State Dethrones Emir of Kano, Alhaji Muhammadu Sanusi

By

Ndubuisi Ekekwe

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March 9, 2020

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What a pity – Emir of Kano, Muhammadu Sanusi, has been cut out by the governor. His sin? Telling the governor to serve his people better. You see why Nigeria has no chance: no one can freely challenge people in power because of fear of retribution. Like I remind some people: do not re-share some of my contents because if they see those contents, they can deny your contracts. Some of us do not live on those and can freely share our minds: Nigeria does not inspire, most times. I wish Sanusi good luck; maybe, it is time for him to setup a private equity firm which can focus on investing in Kano.

The Kano State Government said on Monday that it dethroned the Emir of Kano, Muhammadu Sanusi, because of insubordination.

Usman Alhaji, the Secretary to the Kano State Government, stated this in a statement circulated to journalists.

PREMIUM TIMES reported how the Kano State Government earlier on Monday announced the dethronement of Mr Sanusi, a vocal advocate of reforms in Northern Nigeria.

Many see the Kano government’s action as Mr Ganduje’s way of getting at Mr Sanusi who is believed to have worked against the governor’s re-election last year.

Tekedia Mini-MBA: Market Expert Will Lead Session On Capital Markets, Investing And Fundraising

By

Ndubuisi Ekekwe

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March 9, 2020

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One more week to complete the business basics of AI, blockchain, cloud computing and big data on the ongoing Tekedia Mini-MBA. We do think every business leader needs an executive-level understanding of these technologies. So, bringing the experts who work on them, we think, makes sense. From next week, we will move back to the “business” of business. It will begin with Azeez Lawal, the Group Chief Financial Officer of TrustBanc Group who will take us on Capital Markets, Investing & Fundraising.

Azeez is a capital market expert and a market maker. He will bring clarity on many elements including investing, fundraising, finding values in markets, and managing business risks. In the turbulence coming from coronavirus and the naira at the risk of devaluation, he will break the implications and provide guidance.

This week’s contents on cloud computing and big data analytics are already on the Board.

Tekedia Mini-MBA: Week 5 Contents Are Live

By

Ndubuisi Ekekwe

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March 9, 2020

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I quoted William Shakespeare where Hamlet responded to Lord Polonius with “Words, Words, Words” in my introductory video. In Week 5 session of Tekedia Mini-MBA, the “words” are data. Yes, data everywhere and someone has to make sense of it to find leverageable factors to utilize the factors of production effectively. Gbolaro Oshun takes care of the cloud computing module while Dr. Adewole C. Ogunyadeka handles the big data analytics part. Four companies made into the flash cases which are extensively discussed. And they have Challenge assignments which I guess can give someone a promotion if executed in any firm. Contents are live in the Board – have a profitable week ahead.

Osun Decentralises Teaching Service Recruitment Exercise as Access Portal Fee Becomes Examination Fee

By

Mutiu Iyanda

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March 9, 2020

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In the last few days, it has emerged that Osun state government is responding to the concerns of the citizens and group in the state regarding its approach to the ongoing recruitment of prospective teachers into public primary schools. At the wee of the announcement of the beginning of the recruitment exercise, people and group fumed about the portal access fee of N3,000, saying it is exploitative and unacceptable considering the dwindling socioeconomic status of the prospective teachers.

Earlier reports show that the Commissioner of Education in the State, Folorunso Bamisayemi responded, saying he could not involve in recruitment exercise that would not provide the right and qualified teachers for the growth of education sector in the State. Reacting, Jamiu Baatunde Olawumi, Special Adviser to the Governor on Education announced in a widely circulated statement on social media that the State Government has decentralised the sales of PIN Code for access by the prospective teachers, “most especially those who desire to take up appointment as teachers in the State owned Basic and Post Basic Schools.” According to the statement the exercise will now hold at 5 different centers as follow;

Ministry of Education, State Secretariat.
Osun East District Education Office at Oduduwa College, Ile-Ife
Osun Central District Education Office at Akinorun Grammar School, Ikirun
Osun West District Education Office at Ikire.
Unity Bank Plc. Ogo-Oluwa, area, Osogbo.

Meanwhile, it has appeared that the State Government has changed its intent on the fee being paid by the prospective teachers. This could be gleaned from the Special Adviser’s last paragraph of his widely circulated statement. According to him “Interested and prospective teachers are therefore advised to pick the PIN Number through which they are paying for the examination charges to be conducted by JAMB CBT at a time to be communicated to them by JAMB headquarters.”

The Positive Agenda Nigeria had earlier said “it unthinkable that candidates, who are indigenes of Osun are expected to pay a sum of N3,000 to the coffers of the state government before they could be allowed to submit their applications for employment into the public service of the state.”

Coronavirus: Over 40 Companies Donate $3.1billion for Containment, Drug Development

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Osun Decentralises Teaching Service Recruitment Exercise as Access Portal Fee Becomes Examination Fee

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