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EMAIL FROM AMERICA: Christopher Okigbo’s voice

EMAIL FROM AMERICA: Christopher Okigbo’s voice

The late great
Christopher Okigbo once said of his poems’ similarities to other
people’s works, “It is surprising how many lines of my limits, I am not
sure are mine and yet do not know whose lines they were originally. But
does it matter?” I think it matters. A while back on NEXT, the poet
Chimalum Nwankwo offered evidence that Okigbo had plagiarised some of
his poems. He quoted Carl Sandberg’s poem, ‘For You’, “The peace of
great doors be for you./Wait at the knobs, at the panel oblongs./Wait
for the great hinges./The peace of great churches be for you./Where the
players of loft pipe organs/Practise old lovely fragments, alone/The
peace of great books be for you,/Stains of pressed clover leaves on
pages,/Bleach of the light of years held in leather./The peace of great
prairies be for you./Listen among windplayers in cornfields./The wind
learning over its oldest music.”

He contrasted it
with Okigbo’s ‘The Passage’: “O Anna at the knobs of the panel
oblong,/Hear us at the crossroads at the great hinges/Where the players
of loft pipe organs/Rehearse old lovely fragments, alone-/Strains of
pressed orange leaves on pages/Bleach of the light of years held in
leather:/For we are listening in cornfields/Among the
windplayers,/Listening to the wind leaning over/Its loveliest
fragment….” Nwankwo has been harshly criticised for his views, but he
has a point.

Many Nigerian
thinkers that I greatly respect and admire point out Okigbo’s youth and
observe that “derivation” of others’ works was common practice at the
time. But then if someone had shown me Sandburg’s lines without
attribution, I would have sworn that it was Okigbo’s voice. Which begs
the question: How much of Okigbo’s voice is borrowed or “derived”?
Derivation is nothing new. The late Ola Rotimi made it very clear that
his play ‘The Gods Are Not To Blame’ was an adaptation of the Greek
tragedy, ‘Oedipus Rex’. Wole Soyinka has been careful to make the
connections between his plays and external influences. So is Okigbo
guilty of plagiarism? Yes, I agree with Nwankwo. There is no
attribution as far as I can tell; if there had been notes explaining
this, it would be reasonable to see this as an experiment.

A poem is a
spiritual journey undertaken by the poet-priest, a deeply personal
journey that finds voice in poetry. If I was to take a renowned
writer’s work and incorporate it into mine, I would be required by
traditional conventions to cite the source. If I was to come up with a
copy of it, using most of the language, without attribution, it is
possible that it would speak to a reader as the original spoke to me.
If the reader was to find out that indeed, this new story used language
and themes virtually lifted (in Okigbo’s case, about 80 percent) from
the original, the reader would feel a certain sense of disappointment.
There would also be questions as to whether indeed the writer undertook
that journey personally. There is a software out there that determines
how much of a student’s work is similar to work out there. Okigbo’s
piece would have been unacceptable today were it to have been submitted
as original work, no ifs, no buts about it. More importantly, it raises
reasonable questions in my mind about how much of the spiritual
journeys in his works were his journeys. I think that is an important
question.

Donatus Nwoga
wrote an excellent paper on the subject, titled ‘Plagiarism and
Authentic Creativity in West Africa’. The paper showcases several other
instances of plagiarism by Okigbo. Take this piece by Miguel Hernandez,
the Spanish author of ‘El amor ascendia entre nosotros’: “Love ascended
between us like the/moon between two palms/that have never
embraced;/Love passed like a moon between/us and ate our solitary
bodies/ And we are two ghosts who seek one another/And meet afar off.”
Here is Okigbo’s “Lament of the Lavender Mist”: “The moon has ascended
between us—/Between two pines/That bow to each other;/Love with the
moon has ascended,/Has fed on our solitary stem;/And we are now
shadows/That cling to each other/But kiss the air only.

Here are lines
from Alberto Quintero Alvarez: “What departs leaves on the shore/Gazing
seawards at the star foreseen;/What arrives announces its
farewell/Before a coming-and going that goes on for ever.” Here is
Okigbo: “An old star departs, leaves us here on the shore/Gazing
heavenward for a new star approaching;/The new star appears,
foreshadows its going/Before a going and coming that goes on forever…”
These pieces and several other instances in Nwoga’s excellent paper
offer evidence of plagiarism; if it is “derivation”, it is actually
poorly done, with little attempt at creativity.

I believe my friends who assert that these forms of imitation were
common practice at the time but it would be impossible to defend this
conduct today. I am in awe of Okigbo and I doubt that the day will come
when someone would convince me that he was anything less than a genius.
But let’s call what he did by the real name: Plagiarism. And it
matters, because it was wrong.

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‘Falcons will make good in Germany’

‘Falcons will make good in Germany’

Even though this year’s Women World Cup taking place in Germany
in June will be a tough one for Nigeria, the Super Falcons will not be
pushovers. This is the view of team coach, Eucharia Uche.

Uche, who beat the coaches of the Falconets and Flamingoes to
emerge 2010 Coach of the Year at the AIT Football Awards held in Portharcourt
on Tuesday, said the Falcons, who also won the team of the Year at the AIT
event, will mount a serious challenge for the title. Drawn in Group A alongside
defending champions, Germany, France and Canada, the Nigerian ladies have a
tough task ahead of them in the opinion of Nigerian football fans. This belief
is predicated largely on the strength of the 8-0 spanking of the Falcons by
Germany last year after the Nigerian team won the African Women’s Championships
in South Africa.

Different ball game

“Things will be different this time around. No team is going to
beat us by that margin at the World Cup. My ladies are fired up and we will do
our best,” said Uche whose team engages Namibia on April 2 in a tune up match
for the World Cup. On the award won by the Falcons, she said it is deserved. “I
am happy we won the award,” she said. “It is an honour deserved giving the
performance of the ladies. I thank the organisers of the award for recognising
hard work and excellence. My girls have tasted victory and now they know what
it means to win.”

Nigeria has been to all the editions of the FIFA women’s World Cup since its
inception in 1991 but has yet to make it past the quarter-final of the
tournament. Africa’s other representatives, Equatorial Guinea, the team Nigeria
beat to clinch the Africa Women’s Championship, are in Group with Brazil,
former champions, Norway and Australia.

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United eye hat-trick of cup defeats for Arsenal

United eye hat-trick of cup defeats for Arsenal

Two weeks ago, Arsenal were dreaming of a quadruple, but by
Saturday evening, after their FA Cup quarter-final against Manchester United at
Old Trafford, they could be reduced to chasing just the Premier League title.

Arsenal were surprisingly beaten in the League Cup final by
Birmingham City, knocked out of the Champions League by Barcelona and missed a
chance to close on United in the Premier League when they drew 0-0 at home with
Sunderland. Manager Arsene Wenger, bristling with fury at the red card for
Robin van Persie that he felt contributed to their 3-1 loss in the Nou Camp,
must refocus his energy as he seeks his first trophy since winning the FA Cup
in 2005. With United also standing in the way of the Premier League title and
the two teams due to meet in the Emirates next month, Saturday’s game is a
chance to gain a psychological advantage.

Tough luck

Arsenal have not won at Old Trafford since 2006, losing there in
the league, Champions League and FA Cup, a 4-0 thrashing in 2008. They are
likely to be without Cesc Fabregas after the captain aggravated a hamstring
strain against Barcelona and will definitely miss first-choice goalkeeper
Wojciech Szczesny after he dislocated a finger. With Theo Walcott also likely
to miss out and Andrey Arshavin struggling for form, it looks a tough task for
Arsenal, also beaten 1-0 at Old Trafford in December. “We’ve we got to pick
ourselves up, we have to go there on Saturday and get a win,” midfielder Jack
Wilshere said. “We are still in two competitions and we want a trophy.”

United have also experienced a mini-slump with back-to-back
league defeats at Chelsea and Liverpool but they remain a formidable force at
home, where they have won 13 and drawn one of 14 league games this season. The
record 11-times Cup winners will be without winger Nani on Saturday after he
suffered a cut shin in the 3-1 Liverpool defeat but Alex Ferguson’s team plans
are likely to remain a secret if the manager maintains a media blackout he
imposed in the wake of the two league defeats.

Other matches

Reading are the only remaining club from outside the Premier
League in the competition after the Championship (second division) side beat
Everton at Goodison Park to reach the last eight for the second successive
season. They face a tough task to go any further, however, as they visit
Manchester City on Sunday. City have probably given up any realistic hope of
winning the league but the Cup offers a great opportunity for their first
silverware since 1976.

After waiting 48 years for a cup success, Birmingham are now
eying two in one season as they host Bolton Wanderers on Saturday. Birmingham
climbed out of the relegation zone with a 1-1 draw at Everton on Wednesday and
manager Alex McLeish faces a difficult juggling act with a series of crunch games
against relegation rivals on the horizon.

Two more clubs taking a break from the relegation fight are Stoke City and
West Ham United, who meet in the Midlands on Sunday. Stoke, who have never
reached the final, lost to Chelsea in the quarter-finals last season but have a
better chance this time to make the semis for the first time since 1972. West
Ham, who lost to Birmingham in the League Cup semi-finals, are back in the
relegation zone and will have mixed views on another drain on their resources.

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Flying Eagles arrive Dubai for Egypt, Saudi friendly

Flying Eagles arrive Dubai for Egypt, Saudi friendly

Nigeria’s U-20 male football team, the Flying Eagles, has
arrived in Dubai, United Arab Emirates, from Antalya, Turkey, in continuation
of the team’s preparation for this year’s African Youth Championship.

The team will play Egypt’s U-20 team today while also keeping a
date with Saudi Arabia’s U-20 side on Sunday, March 13, before returning to
Nigeria on March 14. Sam Ameobi, the younger brother of Shola Ameobi, is
expected to feature in today’s game as Coach John Obuh said he wants to give
the 19 year old a chance to prove his worth.

The Flying Eagles have been in Turkey for over three weeks
preparing for the tournament previously billed to start in Libya on March 18
but the current unrest in the North African country has forced the
Confederation of African Football to postpone the tournament indefinitely. The
team, though undefeated in most of their tune matches, have also not been too
successful outside the 3-0 whiplash of FC Aktov, a Premier League club from
Kazakhstan last week Thursday.

Gunning for glory

The Flying Eagles are gunning for an unprecedented sixth title
at this year’s championship but have been handed a tough draw which sees them
pitched alongside Africa and World Champions, Ghana, and also the duo of
Cameroun and Gambia. The football federation is yet to pick a new host for the
tournament, but there are speculations that last FIFA World Cup host, South
Africa, looks favoured to host the championships, which also doubles as the
qualifiers for Youth World Cup to be staged in Colombia later this year.

Africa has been given four slots, meaning that only the semi finalist at
this year’s event will get a chance to represent the continent at the World
Championships. Meanwhile, as the Flying Eagles get ready to return back to the
country this weekend, the Nigeria Football Federation is already seeking
assistance from state governors that would help foot the bills for the camping
of the team as they await a new date for the championship. Sources close to the
NFF revealed that both the Rivers State Governor, Rotimi Amaechi, and his
Taraba State counterpart, Danbaba Suntai, have both been approached for this
purpose.

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Martins, Ike Uche back in Eagles for Ethiopia

Martins, Ike Uche back in Eagles for Ethiopia

Super Eagles coach Samson Siasia has handed a national team
recall to the duo of Obafemi Martins and Ikechukwu Uche ahead of this month’s
2012 Africa Cup of Nations qualifier against Ethiopia.

They were both included in the 24-man list released by Siasia on
Wednesday in Abuja. Martins hasn’t featured for the Super Eagles since the
conclusion of the last FIFA World Cup in South Africa, no thanks to a dip in
form. But his recent run of games along with his cup-winning strike for
Birmingham City in their Carling Cup final victory over Arsenal ensured he got
a look-in from Siasia. Uche, for his part, hasn’t featured for the Super Eagles
since 2009 no thanks to two career threatening knee injuries. Although the Real
Zaragoza forward was included in the provisional list of players ahead of last
year’s World Cup, his match rustiness, owing to his long injury layoff, ensured
that he was excluded from the final 23-man squad for the tournament by former Super
Eagles helmsman Lars Lagerback.

He however recently made a return to action for the Spanish
first division side, and even got to score a goal in his side’s 2-1 win over
Athletic Bilbao at the start of the month. He now looks set to fight for a spot
in the Super Eagles attack ahead of the all important game against the
Ethiopians scheduled for March 27 at Abuja’s National Stadium. But getting into
the match-day squad won’t be a stroll in the park for Uche and Martins as they
will face stiff competition in the form of Everton’s Victor Anichebe, who’s
also staging a return to the Super Eagles after missing out of the World Cup,
Denmark based Peter Utaka and Warri Wolves’ Ekigho Ehiosun who made a scoring
debut in the win over the Sierra Leoneans. Solomon Okoronkwo, who now plays for
Norwegian side Aalesund after ending his three year romance with Russian side
Saturn Moscow, will also fight for a shirt in the Super Eagles’ attack.

Reunion

It will be a reunion of sorts with Siasia for the 24-year-old
Okoronkwo who was an integral part of the Nigerian sides that finished second
respectively at the 2005 FIFA Under 20 World Cup and the football event of the
2008 Beijing Olympics. Another player who will be reunited with Siasia is
Israel based central defender, Efe Ambrose, who was in the 2005 Flying Eagles
side.

Other members of the 2005 Flying Eagles side in the 24-man list
are: Heartland of Owerri’s Chibuzor Okonkwo, Xanthi of Greece’s Adefemi
Olubayo, Marseille’s Taye Taiwo, Ukraine based Dele Adeleye, and Chelsea’s
Mikel Obi. Inter Milan’s Joel Obi, who made his Super Eagles debut in the
international friendly against Sierra Leone, is also in the side, and he will
be joined by Obiora Nwankwo who could be in lone for his senior debut.

Other players in line for debut appearances against the Ethiopians are AC
Milan youngster Nnamdi Oduamadi, who is a natural right winger, as well as
central midfielder Fengor Ogude of Norwegian side Valerenga. The Super Eagles
presently trail Guinea on the log table after two round of matches. With four
round of matches to go until the end of the qualifiers, the Super Eagles must
win their remaining games to stand a chance of qualifying for the Cup of
Nations ahead of the Guineans, who grabbed a 1-0 win last time out in October
2010.

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Spurs can emulate Liverpool and reach final, says Crouch

Spurs can emulate Liverpool and reach final, says Crouch

Peter Crouch, whose goal gave Tottenham Hotspur a 1-0 aggregate
victory over AC Milan, believes Spurs are developing the same qualities that
took his former club Liverpool to the Champions League final in 2007.

Crouch’s goal at the San Siro proved decisive as the two teams
fought out a tense 0-0 second leg draw in the last-16 at White Hart Lane on
Wednesday which put Spurs through to the quarter-finals of the tournament for
the first time. Crouch came on as a late substitute when Milan beat Liverpool
2-1 in Athens four years ago when they won their seventh title, but was on the
winning side as Spurs showed surprisingly resilient defensive qualities on
Wednesday.

The lanky striker, who caused Milan problems until he came off
in the closing stages, believes Spurs can emulate, or even better Liverpool’s
performance in 2007. “When I reached the final with Liverpool in a lot of those
games we had to grind results out,” Crouch told reporters. “If you are going to
get to the final you have to face top class opposition, you’re not always going
to have the ball and I think if you defend well you’re going to get results.
That’s what we did at Liverpool and I think that’s what we did tonight.” Asked
if his Spurs team are better than the one Liverpool had, he said: “I think individually
we are. In that Liverpool team that reached the final, we were extremely
organised, we knew our jobs inside out. Certainly this Tottenham side has got
better individuals and probably more attacking with the flair that we’ve got.”

Impossible dream

While Crouch did the damage in attack, Michael Dawson, Spurs
skipper on the night, had a superb match in defence and alongside William
Gallas, managed to nullify the threat from Milan’s forwards, the disappointing
Zlatan Ibrahimovic, Pato and Robinho. “I think tonight we proved something
different. We can be resilient as well. So why can’t we get to the final?
Normally we are a very attacking team but tonight we had to change the way we
normally play. I think the whole team has to take credit for the clean sheet.”

Harry Redknapp, who has become the first English manager to
guide a team into the last eight of the Champions League, was also buoyant
afterwards, but kept his feet very much on the ground. “It’s been a great night
for Tottenham, but we are not going to celebrate yet,” he told reporters
afterwards. “This is an impossible dream for us, if someone had said two years
ago we would be in the quarter-finals of the Champions League you’d have
thought they were mad. I am just going home and not getting too carried away.
I’ll have a cup of tea and a bacon sandwich, and take the dogs out.”

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Shell to complete sale of oil blocks

Shell to complete sale of oil blocks

Royal Dutch Shell is about to complete the sale of its stake in
four onshore oil blocks in Nigeria after it received bids from a number of
foreign and local interests.

A Reuters report yesterday said “some of these assets hold over
300 million barrels of proven oil reserves and bids for the largest block have
exceeded $1 billion, industry sources said. Shell confirmed on Wednesday four
blocks were still on offer but had no further comment.”

Industry watchers hope indigenous companies would bid for the
blocks and that local players, who are likely to be partnered by foreign oil
companies or independent investors, will have the best chance of securing the
blocks.

Precious Okolobo, one of the spokespersons of the oil company,
stated that the company would enlighten the public in due time.

“Shell has commenced the sale of equities in various offshore
fields in the Niger Delta, selling 30 per cent stake in four onshore blocs with
an estimated two billion barrels of reserves. Bidders include both local and
foreign. Interested local buyers include Conoil producing, Oando, Dangote
Group, and Niger Delta Petroleum,” Bismarck Rewane, managing director,
Financial Derivates, said.

According to him, local bidders are favourites due to
developments in the Niger Delta and the local content bill.

“Shell has refocused strategy at investing in offshore
operations spurred by the lucrative nature of offshore Production Sharing
Contracts (PSC’s), and attacks on Shell facilities,” Mr. Rewane said.

Shell has already sold part of offshore assets in January 2010.
Shell and JV partners, Total and Agip, sold equity stakes in OMLs 4, 38, and
41. Although not publicly announced, in this round Shell is looking to divest
its 30 per cent interest in the following Nigerian blocks: OML30, OML34, OML40,
and OML42.

Oil services firm, Petrofac, said this week its Nigerian
partner, Seven Energy, was bidding for one of the blocks, while local players –
Oando, Vertex Energy, Niger Delta Ltd., and Conoil – are all involved in
current bids, sources said.

Some of the companies that are reported to have indicated their
interest in the bid include Conoil, African Petroleum (now Forte Oil), Afren,
Neconde Energy, Essar Oil, Seven Energy, Oando, and Niger Delta Petroleum.

Shell’s sale of assets in Nigeria is part of a wider plan to
divest $5 billion of assets in Africa in 2011. It is believed that the actual
potential will be a lot clearer once the winners are announced and more
detailed technical data are publicly available.

Moving the oil bill
forward

Experts say delay of the PIB could also be cited as a reason for
Shell’s withdrawal from onshore operations.

The Senate this week pushed back a debate on long-delayed
reforms to the oil industry, making it unlikely the ambitious legislation will
pass as promised by government officials.

The Petroleum Industry Bill (PIB), which is expected to amend
the country’s long relationship with its foreign oil partners and vary almost
everything from fiscal terms to the structure of the Nigeria National Petroleum
Commission, NNPC, has become synonymous with missed deadlines.

The PIB, which is a long and in-depth bill, a historic, critical
and extensive bill encompassing the 16 hitherto existing laws with the oil and
gas industry, has been delayed since the draft bill was made available in 2009.

In the latest setback, lawmakers have delayed this week’s clause
by clause debate on the PIB until March 15, as some senators said they were not
given adequate time to look over the latest draft of the bill, knowing too well
that they are due to go on recess on March 16 and won’t return until after the
elections.

Last week, Diezani Alison-Madueke, the minister of petroleum,
had expressed optimism that the bill would be passed in April, if all things go
as planned.

“We are very expectant. The Senate and the House of
Representatives are passionate and eager to move this bill forward and they
both want it out in the shortest possible time” she said.

“Another draft has been submitted to the National Assembly with
slight modifications. The NNPC MD announced in mid-February the bill will
become law before the president’s tenure expires,” Mr. Rewane said, adding that
circumstances have contradicted this assertion.

One of the major benefits of this bill is that transparency in
the oil and gas industry would be achieved, besides addressing issues such as
funding shortfalls at its joint ventures with foreign firms, insecurity in the
Niger Delta, increasing local involvement in the industry, and production of
more gas for domestic power.

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Market rebounds after weeks of negativity

Market rebounds after weeks of negativity

The value of equities at the Nigerian Stock Exchange (NSE)
yesterday rebounded significantly after two weeks of negative performances.

The NSE market capitalisation of the 201 First-Tier equities
closed on Thursday at N8.125 trillion after opening the day at N8.059 trillion,
reflecting 0.82 per cent or N66 billion gains.

The market also gained N16 billion on Wednesday after the first
upturn in two weeks. Meanwhile, a total of N505 billion has been lost in the
last ten trading days.

The number of gainers at the close of trading session yesterday
closed higher at 37 stocks compared to the 24 recorded on Wednesday, while
losers also closed lower at 18 stocks as against the 42 recorded the previous
trading day.

Analysts at GTI Capital, a stock broking firm, said, “There
appears a likelihood of the free fall in the market indicators abating soon.
This is based on the fact that magnitude on percentage change in the market
index significantly waned on Tuesday,” adding that “another strong point in
support of this assertion is the attractiveness of most stocks in the market
which we believe will buoyed investment ecstasy soonest.”

Virginus Agada, a stockbroker at Eurocomm Securities Limited, a
stock broking firm, said the market may not see significant recovery this
quarter because of political risk, but will rebound after elections.

“With the level of progress in the political scene, I believe
the market will pick up after the election. You’ll notice that the market
recovered a little after major political parties picked their candidates.

“Although the political risk is currently hindering participants
from coming into the market, things should change after election. International
communities are also watching as events unfold,” Mr. Agada said.

Company report

In the meantime, GlaxoSmithKline Nigeria has notified the
Exchange that its board of directors has recommended to its shareholders a dividend
of 90 kobo per share and an additional one-off special dividend of 30 kobo per
share in commemoration of the company’s 40th anniversary.

The dividends are to be paid to members whose names appear on
the register of members at the close of business on Thursday, April 28.

The register of members and transfer of books of the company
will be closed from Friday, April 29 to Thursday, May 5; both days inclusive.

In a related development, Afromedia reported its first quarter
unaudited results for the period ended December 31, 2010 to the market.

On quarter-to-quarter analysis, the company’s turnover grew by
46.5 per cent from N661.67 million in similar period of 2009 to N969.41 million
but fell short of management forecast figure of N1.03 billion by 5.7 per cent.

Meanwhile, the company’s profit after tax dropped by 16.4 per
cent from N161.09 million in 2009 to N134.67 million.

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BRAND MATTERS: Consumer lifestyle and brand experience

BRAND MATTERS: Consumer lifestyle and brand experience

It is essential for brands to present attractive offerings that will add value to consumers’ experience.

The present market
realities have made brands adopt strategies aimed at engaging consumers
and also building brand loyalty. The lifestyle of the consumer should
be given utmost priority in service delivery.

Brand offerings
should be able to deliver creativity, excitement, and entertainment, as
it fosters physical and emotional connection with the brand. Today’s
consumers are dynamic and vibrant and they want a brand that can fit
into their lifestyle and give them worthwhile experiences.

In fact, consumers
now want to create the brand and own the brand. They want offerings
that meet their desired taste and the brand they can use as a means of
self expression. This supports the “MSP” i.e. Me Selling Proposition
standpoint, which places a renewed focus on the consumer.

This is perhaps the main rationale for DSTV Mobile’s offering of ultimate mobile TV entertainment for the consumer.

When DSTV Mobile
launched months back in the Nigerian market, it was readily accepted
because it represented entertainment, information, and value added
services to consumers. Hitherto, they watched DSTV in the comfort of
their homes, but with DSTV Mobile, television is in their hands. This
is one visible way to build brand loyalty and followership.

A unique selling
point was a free trial for the subscribers, which is key to creating
value. The strategic intention is to align with the needs of the
upwardly mobile and constantly on the go consumers who desire to have
fun and excitement as they move on in their pursuits.

DSTV Mobile is on
both MTN and Glo networks, making it easier for subscribers to have
first hand information and knowledge about happenings around them. This
is a vantage way to connect and build brand loyalty.

Brands remain
vibrant and relevant when they focus on key consumer segments; it has
become imperative to meet the expectations of today’s consumers with
ideas like DSTV Mobile. The consumer culture is rapidly changing and as
a result, brands should adopt strategies to remain relevant.

Brands should also
identify key gaps in the lives of their consumers and bridge these
through innovation and value service. Nigerian consumers have a passion
for football, including foreign football clubs, and this is one area in
which DSTV offers enormous benefits.

Through the mobile
television in their hands, and as long as they are connected to DSTV
Mobile, they cannot miss any of the exciting matches. DSTV Mobile makes
subscribers optimise the quality of their viewing time and also get
premium content and programming on their phones.

Consumers are
attracted to brands that simplify their lives. This is one thing that
DSTV Mobile has done so well. Subscribers will not only be loyal to
such brands, but will ultimately create a community of brand loyalists
by enlisting others to share the same experience. This makes the brand
stand out as one of the very few that matters in the marketplace.

Any brand that keys in to the lifestyle of consumers ultimately creates an enduring experience for them.

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Ghana ends bid for Kosmos oil fields

Ghana ends bid for Kosmos oil fields

Ghana National
Petroleum Corporation (GNPC) has given up efforts to buy a stake in the
Jubilee oil field held by Kosmos Energy following the U.S firm’s
decision not to sell, its chairman said on Thursday.

While state-owned
GNPC’s move to end its interest in Kosmos was expected, it will be seen
as significant by investors concerned that the bitter wrangling over
the Kosmos stake was a sign of state interference in the ownership of
oil assets.

Kosmos, backed by
private equity firms Blackstone Group and Warburg Pincus , owns a 23.49
percent stake in the offshore oilfield, operated by Britain’s Tullow
Oil and holding at least 1.5 billion barrels of light crude.

Last August the
firm called off what sources close to the deal said was a $4 billion
pact to sell the stake to ExxonMobil after resistance from GNPC, which
later made a $5 billion joint bid with Chinese oil giant CNOOC.

However Kosmos has
subsequently said the asset is not for sale and announced plans to
raise up to $500 million via an initial public offering of its shares
in the United States.

“That chapter of
GNPC wanting to increase its stake is closed … Kosmos wants to do an
IPO and it is within their rights to do so,” GNPC chairman At Ahwoi
told a news conference.

“I don’t think we
can force them to sell to us at all cost if they don’t want to do so.
So as far as we’re concerned that ends the matter,” he said, adding
that Ghana would still be interested should Kosmos ever put its stake
on the market.

He said GNPC and CNOOC had been partnered in their bid by London-listed BP.

Ghana on Wednesday
lifted a first crude entitlement of 995,259 barrels from Jubilee,
estimated to fetch about $110 million dollars for the state treasury.
Pricing was based on a benchmark of around $110 dollars.

Ghana was fourth to
lift its entitlement after Tullow, Kosmos and Anadarko together lifted
about 3.7 million barrels. GNPC chief executive Nana Boakye Asafo-Adjei
said the first shipment was sold to Sun International, a subsidiary of
U.S.-based Sunoco Inc.

He said in addition to the crude entitlements, Ghana will also receive quarterly tax payments from the Jubilee partners.

Asafo-Adjei said
daily production from the Jubilee field will normalise at 120,000
barrels in June-July, from about 70,000 barrels currently.

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