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Elon Musk acquires Twitter, sacks top executives

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The world’s richest man, Elon Musk has closed a $44bn deal to take over ownership of social media service, Twitter.

Confirming the takeover, Musk tweeted “the bird is freed”.

Upon his assumption, he fired a number of top executives such as chief executive Parag Agrawal, as well as the company’s chief financial officer and its head of safety, it was gathered.

The closure of the deal brings to a close a saga a long and drawn out back-and-forth between the billionaire and the social network. that saw Twitter go to court to hold the multi-billionaire to the terms of a takeover deal that he had tried to escape.

Musk had tried to step back from the Twitter deal soon after his unsolicited offer was accepted in April, and said in July he was canceling the contract because he was misled by Twitter over the number of fake “bot” accounts — allegations rejected by the company.

The takeover came hours before the court-appointed deadline for Musk to seal his on-again, off-again deal to purchase the social media network.

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Ghana’s central bank hikes interest rate to 27% as inflation bites harder

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The Bank of Ghana (BoG) has increased its benchmark interest rate from 24.5 percent to 27 percent.

Speaking with journalists in Accra on Monday, Ernest Addison, governor of BoG, said the decision is expected to anchor inflation expectations in the country.

In October, inflation in the West African country hit 40.4 percent — its highest rate in 20 years.

“The committee is of the view that significant upside risks to the inflation outlook remain. To continue to anchor inflation expectations, the committee, therefore, decided to increase the policy rate by 250 basis points to 27.0 percent,” he said.

Addison, also the chairman of the bank’s monetary policy committee, said the country’s inflation is forecast to peak in the first quarter of next year.

He added that inflation could settle at around 25 percent by the end of 2023 if a tight policy stance was maintained.

“The inflation forecast shows that in the outlook, inflation will likely peak in the first quarter of 2023 and settle at around 25 percent by the end of 2023,” Addison said.

“This forecast is conditioned on the continued maintenance of tight monetary policy stance and the deployment of tools to contain excess liquidity in the economy.

“There are, however, some risks to this forecast that would have to be monitored, including additional pressures from the proposed VAT increase, and exchange rate pressures.

“Continued vigilance to the evolution of these potential price pressures in the outlook will be key.”

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WhatsApp introduces new feature that lets you message yourself

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The instant messaging platform, WhatsApp, has announced a new feature that allows users to message themselves.

The new feature, which will officially be available soon, is called Message Yourself. It will let users send messages to their accounts.

This will be useful for messages such as to-do-list, reminders, or draft messages to be sent later. WhatsApp says the feature will be rolled out for both Android and iOS users in the coming weeks. The self-chat can also be pinned and archived.

According to the Mata-owned platform, users will see their contact at the top of the contacts list on WhatsApp when they create a new chat. Tapping that contact will take them to the chat screen they can use to send messages to themselves.

To use this feature, first, open WhatsApp and create a new chat, your contact will be visible at top of the list, then click on your number and then start messaging yourself.

It will reflect on the application upon updating it from Google Play Store and Apple App Store upon its launch.

Although the native feature to message yourself is new on WhatsApp, some users have already been using a workaround for some time. You could already send messages to yourself using the app’s ‘click to chat feature.

Nonetheless, the new offering removes the additional steps that users needed to self-chat using the wa.me URL.


This feature is also available on other platforms such as Microsoft Teams and WhatsApp’s rival Signal.

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Stakeholders Laud Jim Ovia, As Zenith Bank Names Iconic UNILAG Alumni Building In Honour Of Late Prof. Ibidapo-Obe

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The memory of Professor Oyewusi Ibidapo-Obe, a former Vice Chancellor of the University of Lagos, came alive as Zenith Bank Plc named the iconic building housing its Unilag Branch and the University of Lagos (Unilag) Alumni in his honour on Friday, November 25, 2022.

In his opening remarks at the commissioning ceremony, the Group Managing Director/CEO of Zenith Bank Plc and Chairman of the Body of Banks’ CEOs in Nigeria, Mr Ebenezer Onyeagwu, lauded the Founder and Chairman of the bank, Jim Ovia, CFR, for being physically present at the commissioning of the building to honour the memory of his late friend, Prof. Oyewusi Ibidapo-Obe, who served on the board of Zenith Bank as a Non-Executive Director, and for his passion for youth education and digital learning.

He noted the remarkable and continued commitment of Jim Ovia, CFR, to education and youth development in Nigeria, especially through the setting up of James Hope College, a co-educational institution which offers a combination of British and Nigerian curricula, and the James Hope University, which is billed to commence academic activities next year.

He also extolled his philanthropy through the setting up of the Jim Ovia Foundation and Mankind United in Total Support for Education Initiative, which has awarded scholarships and produced over 1500 graduates from among indigent people who would not have had the benefit of having a university education.

Onyeagwu also recalled how the bank’s partnership with the University of Lagos began in 2001 with the donation of the first ICT centre, when the Founder and Chairman was the Group Managing Director/ CEO of the bank.

According to him, “Today, Zenith Bank has built not less than 15 ICT centres in various tertiary institutions and cities all over the country.

And I just want to say that no single institution or individual has been able to accomplish what we have done in that respect.

And this is a demonstration of the passion our Founder and Chairman has, not just for education, but also for digital learning and computer literacy.

This is in addition to several other support to the university, including the institution of Academic Excellence Awards in 2001, where the best graduating students from selected departments – Banking & Finance, Business Administration, Economics and Accounting, receive awards with financial rewards (currently NGN500,000) and employment opportunity, and the donation of 3,500 tablets to enable indigent students of the university to learn online effectively in 2020 during the Covid-19 pandemic”.

Onyeagwu noted that the building is a strong statement of Zenith Bank’s sustainability initiatives as a signatory to several global sustainability frameworks including the United Nations Principles for Responsible Banking, as it incorporates many of the elements that make a facility environmentally friendly and sustainable.

Speaking at the commissioning of the iconic building, His Excellency, the Executive Governor of Akwa Ibom State, Udom Emmanuel noted the huge contributions of Zenith Bank and, in particular, Jim Ovia, CFR, a man he described as a father, to the development of Nigeria. In his words,” when you see things being done consistently in the right way, there is always a man pointing in that direction.

A lot of people ask me how come you are doing so much in public service; I say I come from a background where my mentor told me that you don’t report efforts, you don’t give excuses, but you report results.

So no matter the situation, even in the midst of an economic recession, in the midst of Covid, you should not stop development and performance.

As far as you are from the Zenith family, you are expected to have that creativity and ideas that can make you produce results. In Zenith, we say only the paranoid survive.

So I really want to appreciate what I am seeing here today”.

Whilst thanking the alumni association and the school authority for their collaborative efforts towards achieving capacity development, which he described as the bane of Nigerian society, he expressed his delight and honour to commission a building named after the revered Late Prof. Oyewusi Ibidapo-Obe, who touched and impacted so many people while he was alive.In his address, the National President of Unilag Alumni Association, Dr. John Momoh, thanked the Founder and Chairman of Zenith Bank as well as the management of the bank for the magnificent building and Mrs. Sola Ibidapo-Obe for accepting the association’s request to name the building after her husband as a lasting legacy in his honour.

He encouraged everyone to take good care of and maintain the building to serve the university community for years to come.

In her remarks, the Vice Chancellor of the University of Lagos, Prof. Folasade Ogunsola, acknowledged the invaluable contributions of Zenith Bank to the development of the school, promising to work with the Alumni association to ensure that the facility serves not only the Alumni but also the entire students populace.

She thanked the Founder and Chairman of Zenith Bank, Jim Ovia, CFR, for donating 3,500 tablets to the university, which ensured that students who could not afford laptops for e-learning during the covid-19 pandemic were not left behind.

In her remarks, the wife of the Late Prof. Oyewusi Ibidapo-Obe, Mrs. Sola Ibidapo-Obe, thanked the Founder and Chairman of Zenith Bank, Jim Ovia, CFR, for immortalising her late husband with such a great edifice named after him.

Recalling how close he was to her late husband, Mrs Ibidapo-Obe said: “You are my husband’s friend. Dr. Jim Ovia has demonstrated the love that does not die in his friendship with my beloved husband.

When he fell ill, Dr. Jim Ovia was there from day one till the last moment. I could feel the way he felt.

From then, I knew that he was a genuine friend. He tried his best to ensure my husband survived, but he did not”.

The iconic building, which sits on a total site area of 950m2, was constructed by a team of world-class builders who had the mandate of delivering the best quality possible.

The iconic structure is a smart building that incorporates many of the elements that make a facility environmentally friendly and sustainable, including a grid-tie solar system that sustains power load on solar and not on a generator or national grid, an inverter-driven VRF air conditioning system and motion sensor lighting to enhance energy efficiency, perforated aluminium composite panels for natural lighting and ventilation, free Wi-Fi system to provide internet access for students, fire management systems, including fire hydrant, smoke detector, and fire alarm system, and a LED screen installed on the building for the dissemination of information.

The iconic building will house the Unilag Branch of Zenith Bank Plc and the operations of Unilag Alumni.

Of the total 1,665m2 of floor area designated for office use in the four-storey building, 585m2 will be used by Unilag Alumni.

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