• Skip to primary navigation
  • Skip to main content
  • Skip to footer

AFR Business Media

AFR Business Media

Ad example

AFR Business

Peter Obi: The possibility of a new Nigeria By Ike Chioke

August 25, 2023 by AFR Business

When the storm of this general election is over, we shall be left with a few lessons. One is, never underestimate the will of a determined people. The other is, when the shepherd is ready, the flock will appear.

Indeed, people, who study politics and societies in transition, will find a fascinating new model in Peter Obi, the Labour Party presidential candidate. In a continent wracked sore by leadership challenges, Obi’s emergence represents a rupture in the dynamics of power and the socio-cultural alignments of the Nigerian society. Never has an outsider from the power calculus staged such a storm-trooping stunt in Nigeria’s political history. This is a watershed in our political memory.

Mr Obi was smart enough to espy the mood-swing of Nigerian politics and swiftly embed himself in its massive bowls. He grew in stature to fill the void of a unifying figure in Nigerian politics and swiftly took over its long abandoned totems of influence; a cultured language, respect for our diversity, dignity in the face of extreme provocation, a deep knowledge of what is wrong with Nigeria and a good idea of what it will take to fix her.

He appropriated the dreams of young Nigerians for a better country. He extracted their emotions and framed them in the right idioms. He demonstrated a rare kind of vigour, presence of mind and humility that are not typically Nigerian. He deployed buzzwords that resonated with the people. He became the dream; the Nigerian dream, in just about eight months.

Indeed, Obi’s impact on the landscape has been transcendental. It has awakened dead bones, unchained the soul of his Igbo people and made them question the long-held view that they do not easily surrender to the leadership of one man. Obi’s transcendental impact has uprooted the axiom, “Igbo enwe eze” (The Igbo are not attached to one king) and replaced it with “Isi tolu ugo na etu ugo” (Perfect head fits the crown). Igbo leadership is earned. The Igbo will submit to you if you earn their trust, confidence, admiration and awe. The Igbo submits to exceptionality and excellence. They submitted to the Great Zik, Ojukwu and Okpara –inspirational leaders whose capacity survived the test of fire. Obi’s iconography falls within this margin of reality.

It has confirmed, once again, that when a true leader emerges, the people will be inspired enough to follow him. It is akin to the appearance of a fluorescent light in the darkness around which moths and a variety of other insects will usually gather. The Igbo will follow you, if your path is bright and your hands clean. They will do what you say if your story is strewn with excellence and exceptionalism.

But Obi’s influence goes beyond Igboland. It created a clear change of attitude among Nigerian voters in the last presidential election. No Nigerian adult, who owns an Internet-enabled cellphone, could have missed the viral video clips of vote-buyers and election-riggers being beaten to an inch of their lives by angry citizens, who wanted an end to that horrible culture. Is it the loud insistence by crowds of determined voters that unscrupulous Independent National electoral Commission officials should not tactically disenfranchise them? Best still, who could have missed the large turnout of voters, half of them first-timers? All these were direct reactions to Obi’s rhetoric urging Nigerians to take back their country. Obi’s campaign mantra worked like magic. If it didn’t work at all, it made the noxious culture of buying votes at polling booths a risky undertaking to election riggers. At the moment, such moral victories may appear insignificant; but they constitute the building blocks for a comprehensive moral rearmament and rebirth of the society. They represent light at the end of the tunnel!

Again, could there ever be anything more symbolic than the sight of former President Olusegun Obasanjo moving round and mobilising supporters for Obi? Or more historic than Pa Ayo Adebanjo, the leader of pan Yoruba socio-cultural organisation, Afenifere, campaigning with so much vigour for an Igbo man? Or even more telling; the boldness of Aisha Yesufu pumping her fist and speaking fearlessly to Nigerians on the imperatives of electing Obi as president.

Such acts of courage give hope for the Nigeria of our dream. It is a faint reminder of the pre-Independence days when Zik won election in Yorubaland and when Umaru Altine, a Fulani, was elected Mayor of Enugu. That was when Nigeria was a nation; when our differences were our strength and not our weakness. Obi’s candidacy evoked such great nostalgia and hope. It spoke to the promise of Nigeria. All things considered, Obi is the undisputed turning point for a new Nigeria.

Closer home, he has midwifed the emergence of a new generation of leaders across Nigeria. Some of these people are plain folks, who have no money to bribe anyone to be voted into offices, but people whose stories inspire their respective communities. We have read stories of Donatus Matthew, a motorcyclist, who won the Kaura House of Representatives seat in Kaduna State, and a bus driver, Chimaobi Atu, who won the same seat for Enugu North/Enugu South in Enugu State. The story of Okey Ezea, who defeated Governor Ifeanyi Ugwuanyi to clinch the senatorial seat for Enugu North, is even more humbling. Ezea had stood election repeatedly in the past with nothing to show for it. But this time around, he became the young David that slew the giant, Goliath, with a sling. These are Nigerians, who, in all probability, would never have smelt political offices, but who have been voted to represent their people in the National Assembly through the LP. These leaders emerged from the atmosphere of possibilities created by Obi. They have moved swiftly from unbelief to hope. That is the story of renascent Nigeria.

On the whole, it is in the best interest of Nigeria that Obi happened to our politics. Never in our wildest dreams would it have been possible to think that Bola Tinubu would lose an election in Lagos State, that Nyesom Wike would resort to every-means-possible to retain his hold on Rivers State, or that a sitting governor would lose a senatorial election.

The superstructure of Nigerian politics has changed for good. We have finally realised that structure in politics is actually the people and that the ruling party does not enjoy any special advantages in Nigerian politics anymore. That may well be the ultimate victory for Obi and LP! It does not matter what the court eventually decides.

A profile of Tony Bloom

August 25, 2023 by AFR Business

[tags: tony bloom, tony bloom brighton]
Anthony Grant Bloom was born 20 March 1970 is an English sports bettor, poker player, entrepreneur, majority owner and chairman of Premier League football club Brighton & Hove Albion and investor in and minority shareholder of Belgian First Division A team Royale Union Saint-Gilloise.

Bloom is a sports bettor and poker player, nicknamed The Lizard.

Bloom appeared in the Late Night Poker television series and also has a final table appearance on the World Poker Tour. He also made back-to-back final table appearances in the first two Poker Million events. His first major win came in January 2004 when he won the Australasian Poker Championship in Melbourne, collecting a first prize of around A$420,000 ($320,000, £180,000).

Bloom won the £5,000 No Limit Hold’em VC Poker Cup Final in London on 5 August 2005 and won the £200,000 ($351,401) first prize.

He also had a fourth-place finish in the 2005 World Series of Poker Tournament of Champions. He was a member of the winning British team in the Poker Nations Cup. Bloom won A$600,000 for his second-place finish in the High Rollers Challenge, Event #8 of the Australian Poker Millions tournament held in Melbourne in Jan 2009.

Bloom fell short of the million-pound grand prize in the Poker Million IX event held in London on December 10, 2010. He finished second behind Gus Hansen.

In September 2022, Bloom won Poker Masters Event #8: $25,000 Pot-Limit Omaha for $360,000.[5] It was Bloom’s first time playing poker in three years and his first time playing a PokerGO Tour event.

As of October 2022, Bloom’s total live tournament winnings exceeded $3,800,000.

Bloom’s wealth has been accumulated primarily through proprietary or value betting on sports events. Bloom heads a private betting syndicate which is believed to have been continuously successful year on year for a sustained period of time. Bloom also holds significant property and private equity portfolios.

Since 2009, Bloom has been the chairman of Brighton & Hove Albion, who are currently a Premier League club, having gained promotion in the 2016–17 season after 34 years out of the top flight of English football.

He succeeded Dick Knight after securing a 75% shareholding in the club and investing £93 million in the development of the club’s new ground, Falmer Stadium.[8][9] The stadium had extensions in spectator capacity and received funding to ensure that it is "Premier League ready" by installing floodlights, amongst other features.

Bloom is a longtime Brighton fan and his family has had a long association with the club; his uncle Ray is a director and his grandfather, Harry, was vice-chairman during the 1970s.

Bloom appointed former Uruguay international Gus Poyet as manager in November 2009, and together they led the team to promotion from Football League One as champions in 2011, the season before Brighton moved into their new home—Falmer Stadium. Poyet left the club in 2013 after losing in a play-off semi-final to Crystal Palace. In June 2013, Bloom appointed Óscar García as the new head coach of the club; Garcia resigned after losing a second successive play-off semi-final to Derby County and left the club in May 2014. The next manager was former Liverpool player Sami Hyypiä, who only lasted a few months in the managerial role after a poor start to the 2014–15 season left Brighton in the relegation zone. Chris Hughton became manager towards the end of 2014, and the club have been successful since.

Hughton steered Albion to safety in their 2014–15 campaign, and then guided the club to a 3rd-place position in the Championship in the following season, missing out on promotion to Middlesbrough on goal difference. The club would be defeated in the play-off semi final, for the third time in four years, this time to Sheffield Wednesday.

Brighton went one step further in the 2016–17 season under Hughton’s management and Bloom’s ownership, finishing second in the Championship and gaining promotion to the Premier League for the first time in the club’s history. Bloom backed Hughton in the following transfer window, breaking several record transfer fees to improve the squad, readying Brighton’s first Premier League season. On 13 May 2019, immediately after the end of the season, with the club ending at the 17th position and thus securing its top-tier status for the coming season, Bloom released a statement to the effect that "it was time for a change" and sacked Hughton, replacing him with Championship’s Swansea coach Graham Potter.

In the 2021–22 Premier League season, Brighton finished with 51 points, its highest ever points tally for the EPL. By finishing in 9th place Brighton also secured the highest ever top flight final position in its history up until that point.

Following the 9th placed finish, Brighton would complete the 2022-23 Premier League season in 6th place and by doing so, qualified for the UEFA Europa League, hosting European football for the first time in their history.[13] The European charge was started by Graham Potter and completed by Roberto De Zerbi, after the former departed for Chelsea FC.

In 2018, Bloom completed the takeover of Belgian second division club Royale Union Saint-Gilloise, known as USG. At the end of the 2020-2021 football season USG were promoted to Belgian First Division A for the first time in 48 years. Bloom was the majority owner of USG however following the qualification by USG and Brighton for UEFA club competitions for the 2023-2024 season, Bloom made changes to his investment in USG to ensure compliance with UEFA’s multi-club ownership rules. These changes resulted in Bloom becoming a minority shareholder in USG. USG and Brighton’s admission to UEFA club competitions for the 2023-2024 season was confirmed by UEFA in a press release issued on 7th July, 2023 .

Bloom is Jewish, and has contributed significantly to the development of a synagogue and community centre project in Hove. He stepped in with the Brighton and Hove Hebrew Congregation suffering financial problems, and the funding for the development will come from his Bloom Foundation, of which he is the chairman.

Tinubu appoints new NELMCO chief

August 25, 2023 by AFR Business

President Bola Ahmed Tinubu has approved the appointment of Mrs Mojoyinoluwa Dekalu-Thomas as the new Managing Director of the Nigeria Electricity Liability Management Company.

Aguri Ngelale, the Special Adviser to the President on Media and Publicity, disclosed this in a statement on Friday.

The development comes on the heels of the expiration of the tenure of Mr Adebayo Fagbemi on May 8, 2023.

Mr Tinubu also approved the appointment of Mr Dimla Nchinney to serve in NELMCO as the substantive Executive Director, Liability Management.

Angola receives multi-million dollar loan from Saudi Arabia

August 25, 2023 by AFR Business

The Kingdom of Saudi Arabia has approved the granting of a loan worth US$110 million for the implementation of an industrial project in the municipality of Catumbela, Angolan province of Benguela.

This was confirmed Wednesday to the press by that country’s Counselor of the Royal Court Ahmed Bin Abbulazizi Kattan at the end of an audience the Angolan president João Lourenço granted to him in Luanda.

Ahmed Bin Abbulazizi Kattan, who did not specify the industrial project, said the meeting with the Angolan Head of State discussed, among other issues, the exchange of information of interest to both countries.

Ahmed Bin Kattan said, precisely, he had informed the Angolan Head of State about the instructions from the King of Saudi Arabia to the Ministry of Foreign Affairs of that country on the opening of the Embassy in Angola, as soon as possible.

João Lourenço was also briefed on the preparations for the Saudi Arabia-Africa Summit set for November in the Middle East country.

In recent years, the political and diplomatic authorities of Angola and the Kingdom of Saudi Arabia have been working on strengthening bilateral cooperation and identifying new areas to deepen the partnership.

In September 2018, the two countries signed a General Cooperation Agreement in the Technical and Scientific domain.

Also read: Angola Malawi open to trade exchanges
The deal launched foundations to leverage the sectors of staff training and science development.

Angola and Saudi Arabia also maintain cooperation under the Organisation of Petroleum Exporting Countries (OPEC).

UBA to host business series on financial fitness

August 25, 2023 by AFR Business

UBA Business Series to Equip SMEs with Tips on Maintaining Health, Wealth

As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) on the continent, Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to organise another edition of its UBA Business Series.

The UBA Business Series is a regular Workshop organised by the bank as a capacity building initiative, where leading business leaders and professionals share insights on best practices for running successful businesses, especially in the face of difficult business challenges.

Through this business series, UBA has consistently supported businesses with essential tips to re-examine their models and strategies as well as ensure they stay afloat and remain thriving.

The topic for this edition of the UBA Business Series is ‘Financial fitness: Balancing Health and Wealth for Small Business Owners’,’ and it will hold on Wednesday, August 24, 2023 from 2pm at the UBA House, Marina, Lagos and is open to all participants from across Africa who can also join the enlightening discourse via Zoom.

The Group Head Medical Services, AVON HMO, Dr Adeyemi Adeyinka; Founder Kemen Fitness, Kemen Ekerette; Artist and Fitness Enthusiast, Saga Adeolu; Executive Director, Happiness Center, Ramanujam M, and Group Head, Retention and Growth, AVON HMO, Atinuke Kolade, will be on ground to share their business journeys and give tips to business leaders on the best ways to take their business to the next level while adopting key strategies to stay fir and healthy.

UBA’s Head, SME Banking, Babatunde Ajayi, who spoke ahead of the workshop, said with the vast experience of the panelists, the series will yield the intended result of pointing small business owners in the direction that will help galvanise their brands and position it in such a way as to attract the right customers.

Ajayi, pointed out UBA’s unending commitment and deep passion to help small businesses, which according to him, remains the engine of any developing economy.

Group Head, Marketing & Corporate Communications, Alero Ladipo, said the bank’s passion is hinged on ensuring that customers and entrepreneurs run businesses that can stand the test of time with the requisite knowledge and experience required to take their businesses to the next level.

She further emphasised UBA’s commitment and deep passion for small businesses, which according to her, remains the engine of any developing economy adding, “We know small businesses are the backbone of the economy in every country of the world. In many climes, businesses with fewer than 100 employees account for 98.2% of all businesses. This no doubt captures the importance of SMEs to a thriving economy which is why UBA is committed to seeing them flourish.”

  • « Go to Previous Page
  • Page 1
  • Interim pages omitted …
  • Page 37
  • Page 38
  • Page 39
  • Page 40
  • Page 41
  • Interim pages omitted …
  • Page 105
  • Go to Next Page »

Footer

News Tip? Email editor@afrbusiness.com