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Governor Sanwo-Olu Seeks Divine Intervention for Lagos State

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In a remarkable display of spiritual leadership, Lagos State Governor Babajide Sanwo-Olu has made a heartfelt appeal for divine intervention, urging the congregation at The Lord’s Chosen Church crusade to intensify their prayers for the state’s prosperity, harmony, and sustainable growth.

 

Represented by his Chief of Staff, Tayo Akinde, the Governor acknowledged the crucial role of religious bodies in connecting with the people and fostering a conducive environment for religious tolerance and harmony.

 

“We need your unwavering commitment and prayers now more than ever to fight for this state and the country. A gathering like this provides us with the unity and purpose to do what we pray for”, Governor Sanwo-Olu said.

 

With a theme of “And the Enemies Submitted,” the two-day crusade, held on Sunday, witnessed an outpouring of fervent prayers, heartfelt testimonies, and remarkable miracles, setting the tone for a renewed sense of faith and unity among the people.

 

Sanwo-Olu’s appeal for divine intervention comes at a critical juncture in the state’s history, as Lagos faces various challenges. The governor’s commitment to providing a conducive environment for religious tolerance and harmony has fostered a sense of unity among the people.

 

“The Lord’s Chosen Church is a God-answering church, and this crusade has shown me that we serve a living God”, the Governor said, thanking the church for their fervent prayers and dedication.

 

The event brought together millions of worshipers from across the globe, all united in their quest for divine guidance and intervention.

 

Pastor Lazarus Muoka, the General Overseer of The Lord’s Chosen Church, delivered a powerful message emphasizing the importance of practical Christianity, urging the congregation to repent and surrender to Jesus. “If you shall surrender to Jesus today, the abundance of life shall be your portion, for Jesus came that you may have life and have it more abundantly,” he said.

 

His words resonated deeply, inspiring countless testimonies of salvation, healing, and deliverance. “We serve an awesome God who will not fail us, and the challenges we face in Lagos State and Nigeria will become a thing of the past,” Governor Sanwo-Olu said, his faith strengthened by the crusade.

 

The crusade featured soul-stirring songs from the church choirs, including the national choir and the Duet Sisters, setting the tone for spiritual motivation and upliftment. Testimonies of God’s goodness and mercy flooded the gathering, including remarkable healings and deliverances.

 

The Lord’s Chosen Church crusade has sent a strong message of hope and resilience, inspiring the people to stand firm in their faith and trust in God’s abundance and mercy.

 

As the state moves forward, it is clear that the power of prayer and the unwavering commitment of its people will be the driving force behind its prosperity and growth.

These are the largest banks in Africa based on market cap

The 50 largest banks in Africa have a total asset size of about $900 billion, with a market capitalization of about $120 billion.

 

On this list of largest banks in Africa, South African and Moroccan banks rank the highest, in terms of market capitalization and asset size.

 

This is largely linked to the size of their exchanges, with the South African and Moroccan exchanges ranking as the first and third largest exchanges in Africa.

 

Despite holding the title of “Africa’s largest economy” for many years, Nigerian banks do not reflect this status in terms of market capitalization. None of the country’s banks rank among the top ten largest banks in Africa.

 

GTCO Holdings, the largest Nigerian bank, is in 15th place with a market capitalization of $826 million.

 

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Publicly listed Nigerian banks have a total market capitalization of about $4.2 billion, translating to about 1.7% of the country’s GDP. This contrasts starkly with South Africa where the banks’ market capitalization corresponds to about 20% of GDP.

 

In a bid to strengthen these banks, the CBN released a minimum capital requirement, which sought banks with international banking license to shore up their paid-up capital to N500 billion (~$333 million) and those national banking licenses to N200 billion ($133 million).

 

Nairametrics has tracked some of the largest banks in Africa based on market cap, and here are the 20 largest in Africa.

 

Largest banks in Africa based on market cap

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20. Co-operative Bank of Kenya (Kenya) – $581.6 million

 

Co-operative Bank of Kenya was formed in 1966 initially as a co-operative society, however, it received a banking license a few years later.

 

The bank is one of the most widely spread in Kenya and it owns subsidiaries in Uganda and South Sudan.

 

The bank is listed on the Nairobi Securities Exchange with a market capitalization of $581.6 million and an asset size of

$5 billion.

 

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Dangote Refinery Reselling Imported, Nigerian Crude Oil – Reuters

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Dangote Petroleum Refinery, is reselling crude oil cargoes from both the United States and Nigeria.

 

Reuters sources indicate that this move, unusual for refineries, stems from technical challenges at the refinery.

 

A Dangote executive, asked about the offers and talk in the market that the refinery is having operational issues affecting the crude distillation unit, said the CDU is in operation.

 

The refinery, which began production in January 2024, aims to be the largest in Africa and Europe once fully operational. It’s designed to shift Nigeria from a fuel importer to a fuel exporter. However, recent events suggest the refinery is grappling with operational issues, specifically with its crude distillation unit (CDU). Despite these claims, a Dangote executive insists the CDU is functional.

 

Cargoes of Nigerian Escravos and Forcados crude were among the grades being offered, as well as U.S. WTI Midland crude, the sources told Reuters.

 

The plant has been importing several crude cargoes a month, traders have said.

 

Constructed at a cost of $20 billion by Africa’s wealthiest individual, Aliko Dangote, the 650,000-barrel-per-day facility represents a significant investment in Nigeria’s oil and gas sector. Dangote’s ambition is to eliminate Nigeria’s dependency on imported fuel, an ongoing issue despite the nation being Africa’s top oil producer.

 

This situation arises amid other significant moves by the Dangote Group, which plans to list its refinery and a fertiliser subsidiary on the Nigerian stock exchange by early 2025. This public listing strategy hopes to alleviate foreign exchange pressures on the Nigerian economy.

 

The refinery has been importing considerable volumes of U.S. crude, with more than 16 million barrels of West Texas Intermediate crude purchased in 2024 alone.

 

This trend is expected to continue, with increased imports slated for the coming months.

 

While the plan is for the refinery to meet Nigeria’s entire demand for refined petroleum products and generate a surplus for export, the current technical issues pose a significant hurdle.

 

The Nigerian Upstream Petroleum Regulatory Commission reached an agreement with oil producers earlier this month to supply crude oil to domestic refineries at market prices, ending a lengthy supply dispute.

Senator Ifeanyi Ubah Dies In London

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Were an outpouring of eulogies and tears potent enough to rouse a dead man, Nigerian Senator from Anambra South, and an All Progressives Congress (APC) stalwart, Senator Ifeanyi Ubah, who reportedly died this morning would have reconsidered spending a few more days before plunging into his eternal sleep.

 

We learnt that Ubah died in a hotel in London, the United Kingdom. He had left for London two days ago.

 

His death was also confirmed on a group chat of senators who had started to pour in tributes.

 

His death reminds us of our dour humanity, and of the fragility of our hold on human subsistence. The world is indeed a stage and life itself is but a walking shadow.

 

Life is a permanent shuttle in the sepulcher, and what we have are fleeting memories, stilled mementoes, fraught memories and the fractured memorabilia of those who are gone forever, never to be seen again. If Ifeanyi had his way, he would have bullishly negotiated with death to name its cost, even in dollars or pounds, and spare his life.

 

Sadly, even the wealth of the wealthy ones offers them no shield against death. As it claims the commoner, so does it claim the affluent.

 

Just days ago, his campaign council donated a total of N71 million to the All Progressives Congress (APC) in Anambra State, bolstering the party’s presence and strength in the region.

 

The donation, which includes N50million from Senator Ubah himself, was part of his pledge to support the party and enhance its effectiveness in the state.

 

The senate has yet to comment on the incident.

Movie Review: House Of Gaa , A Bolanle Austen Peters Movie

*MOVIE REVIEW: HOUSE OF GA’A*

 

*RATING: 9/10*

 

“House of Ga’a” is a gripping historical epic that delves into the 18th-century Oyo Empire, shedding light on the fascinating story of Bashorun Ga’a, a powerful kingmaker whose influence rivaled that of the kings he installed. Femi Branch delivers a captivating performance as Bashorun Ga’a, bringing intensity and charisma to the role.

 

The film boasts impressive production values, with meticulous attention to costumes, sets, and special effects. The ensemble cast adds depth to the narrative, and the pacing allows for a nuanced exploration of Bashorun Ga’a’s complex character.

 

While the primarily Yoruba dialogue may present some challenges for non-speakers, the subtitles do an admirable job of conveying the story. Overall, “House of Ga’a” is a compelling biopic that solidifies Nollywood’s reputation for producing high-quality historical dramas.

 

*SHOWING NOW ON NETFLIX*

 

*CREW:*

 

– Written by: Tunde Babalola

– Directed by: Bolanle Austen-Peters

 

*GENRE:* Historical Epic, Biopic

 

*LANGUAGE:* Yoruba (with English subtitles)

HOUSE OF GA’A IS NOT ANYTHING I EXPECTED: A SPECTACLE WHICH GLADENS THE HEART

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I am actually not in the mood to write but i must make my comments quickly before the rush begins and everyone becomes a film authority; strike while the iron is hot yes? Ok so let’s go!

 

Bolanle Austen Peters’ HOUSE OF GA’A actually turned out to be nothing i expected really because the trailer did not do enough justice to the film itself. When i saw the trailer and the leather skin war clothes which the warriors were costumed in (which i still don’t agree with), i did a quick mental write-off of the film as just another of those attempts at telling historical stories so imagine my surprise when it turned out not to be, at least according to my opinion.

 

‘Boo l’aya o sika, boo ranti iku Ga’a, o sooto’ is a popular proverb among the Yoruba people and the fil House of Ga’a did well in the graphic illustration of that trepidation this statement is intended to cause as a deterring statement for wickedness so I say that this one came thematically correct although there were certain narratives in the plot line that took a slightly different turn and deviated from the story we know especially from Adebayo Faleti’s version which is the most popular one until now. I have however learnt not to enter story disputes because story narratives depends on the paradigm of who told you the tale and the extent of knowledge available to the person or the amount of information recoverable from memory recall and/or empirical data available so in effect, stories on same subjects will continue to differ till the end of time as long as there are perspectives and sentiments therefore, it is alright to hold on to your own belief and allow the other person to hold on to his or hers.

 

Now, let’s talk about the Jagun Femi Branch in the title character of Bashorun Ga’a; i want to scream wow! Wow! Wow! Femi Branch deserves another chieftaincy title for this performance and I forsee many scripts in his mail after this which means plenty money in his account so uncle Femi, for hearing dey o. i particularly liked the Bashorun Ga’a’s private mourning scene after her lost one his sons and one other wounded in a staged fight; it was intense and showed Femi Branch’s acting dexterity and range, i felt like stretching my hand into the screen and tell him sorry just like my almost two year old daughter, Omokorewa will tell me “Dada, sooorry” with a very somber face when she perceives i am in one kind of pain or the other. He was the role and the role was him plus his carriage was out of this world although I found the shouting in the in-chamber scene with the Zainab character a tad bit unnecessary and over the cliff. I felt he could have sent her out more calmly which would have suited the Ga’a character more as he wasn’t an impulsive talker but extremely strategic with a large capacity for patience till it’s the right time for revenge as he displayed with Alaafin Labisi but on the whole, Femi Branch nailed it, killed it and brought it home. It was refreshing to see Funke Akindele in a character that didn’t look anything like the Jennifer or SHE character because from where i stand, i conclude that her big screen career has been dotted by characters who look and sound alike. Now before you disagree, do a mental flip through her roles. Niyi Johnson also blew my heart away with his performance as Alaafin Abiodun and he gladdened my heart with his performance.

 

As usual, the director took some liberties with the indices of production design especially with costumes and architecture, since I wasn’t born then anyway, i cannot argue how correct or incorrect these designs are but in the general context of the picture look and feel, the entire concept came together nicely and made for a pleasant watch from top to bottom so the discussions on whatever liberties Bolanle Austen Peters took with these components is not necessary for me because they all locked into the film flow and final material.

 

The picture has a rustic colour grade look and feel but it gives off as intentional so there’s not much colours but what it lacks in colours, it compensates for in spectacle; the spectacle in this film gladdens my heart. The entire film was rich from beginning till end with the whole total theatre flow of music, dance, chants, acrobatics and magic – a total African performance potpourri.

 

One factor I liked very much was the Producer and director recognizing that this kind of film was not her strength thus her decision to reach out to Femi Adebayo and Ibrahim Chatta are Consulting Producers; this is a good move that every producer especially Yoruba film genre producers should learn from; do not jump into something that is not your area of strengths without seeking help and have the good sense to enter collaborations to cover your weaknesses, it is not a sin. In any case, the HOUSE OF GA’A is one spectacle of gladness which is worth the watch if you excuse the little slips here and there.

 

PS: I might come back to say more!

 

Credit: Tolu Fagbure

I participated in peaceful protests for democracy – President Tinubu

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President Bola Tinubu affirmed on Thursday that protests are an integral part of democracy but that no government will condone demonstrations that lead to the destruction of lives and property.

 

Speaking when he received the Letter of Credence from the newly appointed United States Ambassador to Nigeria, Mr Richard Mills Jr., at the presidential villa in Abuja, he acknowledged that he was one of those who made their voices heard through peaceful protests for democracy without destroying properties.

 

Emphasising the importance of sustaining democracy, its norms, and its institutions, the president said, ”Our relationship with America is rich.

 

“We believe in democracy and freedom. Some of your predecessors worked hard during our transition, and we remember the likes of Ambassador Howard Jeter.

 

”We look forward to Nigeria and the United States continuously working to expand cooperation on shared goals and democratic values.

 

”During the military era, we made our voices heard against dictatorship, and I was part of the group that engaged in peaceful protests without resorting to the destruction of property.

 

”We have worked hard to ensure 25 years of unbroken democracy, and I will continue to maintain this democracy.

 

”In as much as we believe that demonstrations are part of democracy, we will never encourage any protests that lead to the destruction of lives and property.”

 

Welcoming the U.S. State Department’s acknowledgment of Nigeria’s strategic role on the continent as Africa’s largest democracy, President Tinubu called on the U.S. government to pay more attention to Africa.

 

”Nigeria is ready to play its role as the largest democracy in Africa that is worthy of emulation by other African countries, but we need more U.S. partnership on the continent that is beneficial to both sides.

 

”We believe in freedom, and we are providing the leadership to make Nigeria’s economy grow,” the president said.

 

Ambassador Mills affirmed U.S. support for Nigeria’s democracy and pledged support for bigger roles for Nigeria in the international arena.

 

”Nigeria is crucial to the United States because we share democratic values, and we are ready to give you all the support.

 

”I am here to make sure that the relationship blossoms both on the democratic and the economic side,” Ambassador Mills said.

 

Expressing the United States’ commitment to expanding cooperation with Nigeria on cybercrimes, the Ambassador announced the establishment of a special office at the Embassy to work closely with the Economic and Financial Crimes Commission (EFCC).

 

Earlier, President Tinubu also received Letters of Credence from the High Commissioner of Malaysia to Nigeria, Mr Aiyub Bin Omar, and the High Commissioner of Botswana, Ms Phild Nani Kereng.

 

President Tinubu told the High Commissioner of Malaysia that Nigeria would work towards improving the balance of trade between the two countries.

 

”Diversification of the economy is uppermost the top of my renewed hope agenda for Nigeria. We must look at how we can improve the balance of trade with Malaysia,” the president said.

 

President Tinubu acknowledged that many Nigerian students find studying in Malaysia attractive, adding that Nigeria looks forward to their contributions to the development of critical sectors of the economy, such as agriculture and ICT.

 

The Malaysian High Commissioner said that ahead of the 50th anniversary of the establishment of bilateral relations in 2025, Malaysia is looking forward to strengthening relations with Nigeria.

 

”We are pleased with our cooperation in the areas of education. We are also keen on working with Nigerian partners in the financial services sector,” the High Commissioner said.

 

In his audience with the Botswana High Commissioner, the President expressed Nigeria’s readiness to develop robust cultural and economic cooperation with the Southern African country.

 

Acknowledging Botswana’s progress on livestock development, the president said he had received a briefing from a committee established to create a ministry of livestock development in Nigeria.

 

”The committee is at work, and their report will be ready in the next two weeks. Africa’s solution is in our hands. Nobody will help us if we do not help ourselves,” the president said.

 

President Tinubu described President Mokgweetsi Masisi of Botswana as a good friend and extended his appreciation to the Botswana President for attending his inauguration.

 

High Commissioner Kereng said Botswana is committed to being a leader in the production of livestock vaccines and is prepared to partner with Nigeria in this area.

 

She expressed admiration for Nigerian arts, entertainment, and culture, adding that young people from Botswana had a lot to learn from Nigeria’s youth-driven creative economy.

 

”My coming to Nigeria fulfils my president’s vision of improved relations with Nigeria, and I will work very hard to achieve these objectives,” the High Commissioner said.

Wike fixes August 1 to honour Abuja traditional rulers, warns would-be protesters

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Wike fixes August 1 to honour Abuja traditional rulers, warns would-be protesters

 

FCT minister Nyesom Wike says Abuja will not be available for protesters on August 1.

 

Mr Wike gave the warning while briefing newsmen on the outcome of the FCT security council meeting in Abuja on Thursday.

 

He said that August 1 had been set aside for the chairpersons of the six area councils of Abuja to give out certificates of recognition to their traditional rulers.

 

“That is the day FCT has set aside for the entire area councils to jubilate, to give out certificates of recognition for their traditional rulers. We will not allow that day that FCT has set aside to honour their traditional rulers for their people to rejoice, and then somebody will come and disrupt that day. We will not allow it.

 

“We want people to come out and celebrate, as part of the achievement of the current administration. That day is not available for those who want to protest and FCT is not available for the protesters,” the FCT minister said.

 

Mr Wike said the security council was aware of the threat of the protest and what some people may call the “end bad governance.”

 

Noting the right of people to protest or demonstrate, the minister said that such rights must be done within the ambit of the law.

 

“This period, we think that all Nigerians should work collectively to salvage our country. I am aware that there are challenges, but President Bola Tinubu and his team are working right now to ensure that these challenges facing our country are addressed.

 

“We know that it is a very difficult period for citizens; Tinubu has come out clearly to say that there are challenges; there are problems, but these challenges and problems will be tackled,” Mr Wike said.

 

The minister, who expressed confidence in Mr Tinubu’s capacity to address the challenge, urged all Nigerians to be patient.

 

“For instance, in FCT, we have seen the changes. We have seen that the government is working. Tinubu is giving FCT so much support that all of us can attest to the fact that there are a lot of changes going on in FCT.

 

“Therefore, we will not allow anybody to set us back. We are looking forward to making sure that we take FCT to where it is supposed to be as one of the major cities, not only in Africa but in the world.

 

“So, we will not allow anybody to disrupt peace and set us back. For those who want to protest on August 1, or thereabout, FCT is not available for such protest,” Mr Wike said.

 

(NAN)

President Tinubu Declares: “No Cabal Can Control Me, I Spent My Personal Money For Elections”

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”In a bold and unwavering statement, the President of Nigeria, Bola Tinubu, has asserted that his administration is free from the control and influence of any cabal. He emphasized that the financial resources used during his election campaign were entirely his personal fortune, underscoring his independence and commitment to the nation’s welfare.

 

During a meeting with a delegation of Islamic leaders led by Sheikh Bala Lau at the State House in Abuja, President Tinubu revealed the challenges he faced during his campaign. He recounted how the closure of banks during the period created significant obstacles, yet he emerged victorious. “I have no cabal. I have no sponsors. The money I spent on the elections was my personal fortune. At some point, the odds were against me; banks were locked. But Allah, the Almighty God, said I will be the President,” Tinubu declared.

 

President Tinubu emphasized that a good conscience is one of the most potent defenses against corruption. He highlighted the importance of teaching future generations the values of good citizenship and responsibility. “What should be uppermost in our minds is the future of our children. We have a lot to teach them on what it takes to be a good citizen and what it takes to be a responsible citizen,” he stated.

 

In light of a planned nationwide protest by certain groups, President Tinubu urged the organizers to reconsider their stance. He cautioned that protests fueled by anger and hate could escalate into violence and set the country back. He reaffirmed his administration’s commitment to meeting the needs of Nigerians and reassured citizens that steps are being taken to improve social welfare and economic support.

 

President Tinubu outlined several initiatives aimed at alleviating the hardships faced by Nigerians:

 

Reworking the Social Welfare Scheme: Efforts are being made to ensure that social welfare reaches the ward level, the closest level to the people, to support the poor and vulnerable.

Student Loans: The government will provide loans to cover school fees, ensuring access to education for all children.

 

Consumer Credit: Financial support will be available for citizens to buy cars and houses, with the option to repay gradually.

 

Increased Minimum Wage: The minimum wage has been increased by more than 100 percent to help ease the financial burden on workers.

 

President Tinubu did not hold back in his criticism of the sponsors of the planned protest. He accused them of prioritizing their selfish ambitions over national interest and of having alternative passports and virtual meetings from different parts of the world. “The sponsors of protests do not love our country. They have no love for the nation. They do not understand citizenship.

 

The President cautioned against premature politics driven by hate and anger, drawing comparisons to the situation in Sudan. “We do not want to turn Nigeria into Sudan. We are talking about hunger, not burials. We have to be careful. We should be careful with premature politics; politics of hate, and anger,” he warned.

 

In his remarks, Sheikh Bala Lau, the leader of the delegation, assured President Tinubu of their support through prayers and increased sensitization efforts. The clerics pledged to stand by the President in his quest to lead Nigeria towards a brighter future.

EndBadGovernance Protest Organisers In Abuja Write FCT Minister Wike To Release Eagle Square For Planned Demonstration

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Organisers of the planned nationwide #DaysOfRage and #EndBadGovernanceInNigeria protest have written the Minister of the Federal Capital Territory (FCT), Nyesom Wike, requesting the release of Eagle Square between August 1 and 10, 2024, for the peaceful demonstration.

In a letter signed by Damilare Adenola, Director of Mobilisation for the Take It Back Movement (TIB) in Abuja, the protesters demanded unrestricted access to the venue 24/7 throughout the duration of the protest, and possibly even after it concludes.

 

The letter read, “I write you as the Director of Mobilization, Take it Back Movement (TIB) to your office to grant us access to the Eagles Square between August 1st and 10th, 2024, for our #DaysOfRage, #EndBadGovernance protest.

 

“This request entails using this national asset-day and night-for the duration of the historic protest.

 

“Also, note that the protest may be prolonged beyond ten days as we embark on the protracted crisis occasioned by the ruling party.

 

“Further, your office must also ensure the provision of a 24-hour power supply, toilet facilities, water, and security for the convenience of Nigerian citizens who will be camped out at Eagle Square.

 

“In short, we ask that the protesters are accorded the courtesy accorded to foreign and local official dignitaries who have frequently used the space.

 

“In addition, we request that the outer wire mesh barrier facing the Aso Rock Villa be removed in the meantime, as protesters may decide to visit the Presidential Villa during the protest.

 

“It is our sincere hope that this request will be granted expeditiously.”

 

Wike had asked residents of the FCT not to protest on August 1 but rather troop out for celebration.

 

The minister while briefing journalists after the FCT Security Council meeting in Abuja on Thursday, said this in reference to the planned #EndBadGovernanceInNigeria protest.

 

He said that rather than the scheduled protest, traditional rulers in the territory would receive their certificate of recognition from the Area Council on August 1.

 

Wike therefore said FCT would not be available for protesters on August 1 as the date had been set aside for the Chairmen of the six Area Councils of the FCT to give out certificates of recognition to their traditional rulers.

 

Via Saharareporters