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EXCUSE ME: Beggars’ Lane

EXCUSE ME: Beggars’ Lane

Just as you are
leaving your house on this journey, the first one that accosts you is
the house boy. “Abeg, sir, my mother no well for village. I need to
send am money, sir,” he says. You pause and scratch your memory in
search of what you gave him money for the last time: was it his mother
or grandmother’s burial? You have officially lost track of the various
domestic fleecing excuses. Last month, it was his sister, the month
before that it was his wife. Reluctantly, you peel unbudgeted naira
notes from your wallet like you are flipping through an uninteresting
annual report. “Thank you, sir,” he says, and you catch a glimpse of
smile. You don’t respond as you enter your car and tell the driver,
“Airport”.

At the estate gate,
the uniformed guards give you multiple salutes, and through the
wound-up window, their “Happy weekend, sir!” and “Anything for your
boys, sir?” filter in. They don’t lift the barrier; they wait for you
to shake body. Uniforms here are for begging or robbery-many for arm
twisting. You have already paid your estate dues, but you come home
late sometimes when they are the kings of the gate. They have the power
to make you spend the night outside your estate once it is past
midnight. You reach for your wallet as their salutations increase, as
if you are a newly minted army general. Tuale sir! Their dark goggles
and forest-green uniform remind you of ugly things you would rather
forget.

The vendor never
begs, but he never has change whenever you pay for your newspaper. So
you end up buying more than you want. You make a mental note to hold
the exact amount next time.

By a bend on the
road, a gang of crow-looking policemen raises their hunting AK47s. Boys
are not smiling and your heart is already residing in your mouth. You
might be lucky today and they won’t ask for your NYSC certificate if
you present all car-related papers. Nigerian Police are the smartest
when it comes to vehicular documentation. Sheepishly, you smile at the
one with eyes the colour of palm oil. OC Inspector is sitting far away
in a corner. “Oga sir, we dey here o. Happy weekend, sir. Your boys are
loyal, sir.” This is their version of Akwoba ada ba! You straighten up
and say you are loyal too, even as you curse his village chief, the
midwife that birthed him, etc, under your breath. The biggest beggars
in town are not budging because it’s Friday and weekend has begun.
“Oga, you no appreciate us standing here under the sun protecting you?”
You detect a small threat in his voice and you almost want to yell and
ask where they were hiding when armed robbers were doing Macarena down
the road the other night with Pump-Action. As you move further, a
gigantic cathedral rises from the corner. Bigger than Ogbe stadium,
larger than Madison Square Garden. It is still under construction but
very soon the speakers will be calling for donations and beggars will
waylay parishioners/pedestrians with God will reward you abundantly,
sir; God loves a cheerful giver, oga.

At the three-way
junction where confusion reigns supreme and you have to veer off to
Ikeja, a Yellow Fever traffic warden curls his fingers round a driver’s
squeezed naira note. The baton on his left hand waves you on. He is
only interested in okada riders and danfo drivers. At the junction
where Anthony kisses Maryland, the light is bound to put a full stop to
your journey. This is where Beggar’s Lane thickens. Many beggars here
just don’t beg; they trade goods for your alms. This is more dignifying
than outright begging. The white handkerchief is the product of choice.
You already have more hankies than a certain Pentecostal pastor, but
you say, “At least, he is working for his money” and buy one more. The
light is green and you pray that the driver won’t be caught in-between
the amber and red which will send a LASTMA official jumping on your car
hood like a Hollywood stuntman. You arrive at the airport and as your
driver helps retrieve your luggage from the boot, he clears his throat.
“Oga, I no get transport to come work on Monday,” he announces. “But I
just paid your salary!” you yell. “Oga, my father was not well; I
bought him medicine, abeg, sir”. You have no choice, if you want to be
driven on Monday.

“Arik or Aero, sir?”

“Neither,” you tell the tout but he won’t go away. He wants to help
you with your hand luggage and you say no. He is persistent and follows
you to the counter. “Oga, you no go do weekend for me?” You ignore him
to face the surly ‘Airport Counter Queen’ who says you are late and
won’t budge in giving you a boarding pass except you shake body-again.
And the scanning man threatens to seize your travel-size toothpaste
except you do weekend for him. You are sweating; a walk on Beggars Lane
is arduous. You arrive in Abuja safely and call your politician friend
whom you will be begging for a government contract, but he says he is
in his godfather’s house begging for a second term in office. This
Beggars Lane is endless, you say. “I beg your pardon,” he says.

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Shell nears deals for Nigeria oil blocks: sources

Shell nears deals for Nigeria oil blocks: sources

Royal Dutch Shell is close to completing the sale of its stake in four
Nigerian onshore oil blocks after receiving bids from several foreign and local
companies, industry sources close to the deals said.

Shell said last year it had received interest from a number of bidders for
the four blocks it owns along with partners Total <TOTF.PA, Eni and
state-oil firm NNPC as it looked to dispose of non-core Nigerian assets.

The Anglo-Dutch major has not revealed which blocks were for sale but
several industry sources have said negotiations are ongoing over blocks OML 30,
34, 40 and 42, which are all onshore developments in the Niger Delta with
sizeable proven reserves.

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.

Shell has said it hopes indigenous companies would bid and analysts believe
local players, who are likely to be partnered by foreign oil companies or
independent investors, will have the best chance of securing the blocks.

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.

None of these companies were available for comment.

Shell has more onshore oil reserves in Nigeria than any other foreign oil
company but it has also suffered some of the toughest challenges working in the
vast and volatile wetlands of the Niger Delta, the heart of Africa’s largest
energy industry.

Sabotage attacks on pipelines and oil platforms by militants who say they
are fighting for a fairer share of the wealth created in their back yard, have
cut out large chunks of Shell’s output in the past, some of which will never be
restored.

Communities in the Niger Delta blame Shell
for years of oil leaks, gas flaring and other side effects from an energy
business they benefit little from. Shell was forced to abandon its oilfields in
Ogoniland in 1993 due to protests over pollution and a lack of investment in
local infrastructure.

Shell has said it views Nigeria as a key part of its business and the sale
of these assets, which make up a small portion of its business in the country,
is not the beginning of a wider departure from Africa’s most populous nation.

REUTERS

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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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Zimbabwe determined to break through the 15-over barrier

Zimbabwe determined to break through the 15-over barrier

Zimbabwe’s biggest
challenge in their next World Cup game against Sri Lanka is simply
batting the first 15 overs without giving away too many wickets,
according to their captain on Wednesday.

Zimbabwe will play
against co-hosts Sri Lanka on Thursday in Kandy looking for a surprise
victory after losing to New Zealand and Australia.

They beat fellow non-test playing Canada despite falling to 2-7 halfway through the third over.

“The biggest challenge is the first 15 overs,” Elton Chigumbura told a news conference.

“We haven’t done
well so far. So obviously it is to go through the first 15 overs. The
first 15 (overs) have been the most disappointing part for all our
games we have played so far.” In their tournament matches against
test-playing nations, Kenya were 4-44 inside 13 overs taking on
Australia and 5-46 inside 15 against New Zealand.

Chigumbura’s team
will face Sri Lanka’s in-form fast bowler Lasith Malinga, who captured
six wickets including a hat-trick in the match against Kenya, and the
game’s most successful wicket-taker, spinner Muttiah Muralitharan.

“It is a big
challenge. Most of their bowlers are match winners. So we have been
working on our plan to see if we can keep our wickets in the first 15
overs,” said Chigumbura.

Zimbabwe’s chances
of qualifying for the quarter-finals rely on them beating Sri Lanka and
Pakistan (March 14) before taking on Kenya on March 20.

“If we correct our batting, my bowlers have a chance of defending a score of over 260.”

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‘Super Eagles players are disrespectful’

‘Super Eagles players are disrespectful’

Rotimi Amaechi, the
Governor of Rivers State, on Tuesday took a swipe at some members of
the Super Eagles describing them as disrespectful.

Amaechi, who spoke
during the 2nd edition of the Africa Independent Television (AIT)
Football Awards, which was held in Port Harcourt, Rivers State, said
the players, who he did not name, lacked manners.

He singled out
Westbrom striker, Osaze Odemwingie (winner of the AIT Footballer of the
Year for 2009) and Hapoel Tel Aviv goalkeeper, Vincent Enyeama, who won
the award at Tuesday’s event, as two players who apart from being very
patriotic, show respect to both their colleagues and officials.

“A lot of the
Eagles players are disrespectful. Vincent and Osaze were among the few
that would talk to us at the PTF (Presidential Task Force — for the
Eagles 2010 World Cup preparations),” Amaechi said. The governor was
the president of the task force, which has now been disbanded.

“I like Osaze and Vincent for their patriotism. If the country doesn’t pay you, God will pay you,” he said.

The governor
praised the organisers of the awards noting that there had been a
marked improvement in the organisation of the event, which he said was
laudable.

He said his administration is working towards completing the Games
Village including the 25,000 capacity Stadium named after Adokiye
Amiesimaka, a former Nigeria international. The stadium is expected to
be used for the National Sports Festival taking place in the state this
June.

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Maigari pleased with AIT Football Awards

Maigari pleased with AIT Football Awards

Aminu Maigari, the
President of the Nigeria Football Federation (NFF) has thanked the
organisers of the Africa Independent Television (AIT) Football Awards
for conceiving an event he says will aid the growth of the game in the
country.

Maigari said this in Port Harcourt on Tuesday night during the 2010 edition of the awards, which was held in Rivers State.

“The award has
overcome obstacles to set a standard and we at the NFF recognise their
efforts. This event is remarkable in more ways than one. Coming after
all that happened in 2010, it represents a breath of fresh air. The
year 2010 is one that is best forgotten for its turbulence. This award
not only recognises excellence but also motivates and inspires. I
salute the Rivers State governor for his encouragement and support
towards making the awards a success,” Maigari said.

The NFF President,
who presented a posthumous award to Nathaniel Idowu, a former vice
Chairman of the Nigeria Football Association (NFA) and a passionate
supporter of the national teams, extolled the qualities of the late
football administrator.

“Idowu was a
remarkable man. We acknowledge his contributions to the game. Nigerian
football will forever be grateful for his inputs into the game,”
Maigari said.

The 2010 AIT Football awards attracted dignitaries from within and outside Nigeria.

Super Eagles goalkeeper, Vince Enyeama emerged winner of the
Footballer of the Year Award in the male category edging 2009 winner,
Osaze Odemwingie and Almeria FC of Spain forward, Kalu Uche. Super
Falcons Striker, Perpetua Nkwocha emerged winner in the female category.

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Milan out after drawing 0-0 at resolute Spurs

Milan out after drawing 0-0 at resolute Spurs

Milan, seeking to reach the last eight for
the first time since winning their seventh title in 2007, failed to do
that for the fourth successive season, despite creating the better
chances on Wednesday.

Spurs, who
won 1-0 at the San Siro, could not press home their advantage but the
Premier League gave a resolute defensive performance to reach the last
eight of Europe’s premier competition for the first time since they
reached the semi-finals of the European Cup in 1962.

“A
great night for the players… a great night for the fans. It’s a great
achievement for this club, to be in the last eight of the Champions
League,” Spurs manager Harry Redknapp told ITV.

“It was hard work out there tonight. They were a good side but we worked our socks off and stayed with them.

“We
got outnumbered in the middle of the park, (Milan midfielder) Seedorf
played in that spare role, they passed it well in midfield and made it
difficult for us to get near them.”

Spurs
are the first English team through to the last eight this season
following Arsenal’s defeat by Barcelona on Tuesday. Chelsea and
Manchester United are still in contention for a quarter-final place.

Milan dominated the first half with Spurs penned in their own half for long periods and thankful to goalkeeper Heurelho

Gomes and centre back William Gallas that they were not trailing at the interval.

Gomes,
despite one or two typically erratic pieces of keeping, stretched to
save a goalbound shot from Zlatan Ibrahimovic after 15 minutes and also
did well to save from Pato just past the half hour.

But
he was lucky that Gallas was on hand to save his embarrassment after 26
minutes when he was rounded by Pato whose cross found Robinho.

The
Brazilian did not shoot cleanly, his effort looping off defender Benoit
Assou-Ekotto’s back and was seemingly goalbound until Gallas hooked it
clear from under the bar.

Spurs
tactic of high balls played up to the tall Peter Crouch did not bring
any tangible rewards even though the Milan defence struggled at times
to cope with them and the London side’s best chances fell to Rafael Van
der Vaart.

He poked a half-chance wide after only two minutes and sent a free kick just over Christian Abbati’s bar.

Milan,
needing just one goal to take the tie into extra time, almost achieved
that in stoppage time when Robinho sent a shot fizzing just over
Gomes’s bar.</

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Super Eagles move up one spot in FIFA rankings

Super Eagles move up one spot in FIFA rankings

A low quality
make-shift friendly match with West African neighbours, Sierra-Leone
counted for so little as the Super Eagles moved just a step up in the
latest rankings released yesterday by world football governing body,
FIFA.

The Super Eagles now occupy the 39th spot in the world rankings.

Though the Eagles
won the friendly against the Leone Stars 2-1, they still remain the
fourth best team in the African continent behind the likes of Ghana,
Cote d’Ivoire and Egypt.

Ghana dropped one
spot to become 16th in the world, but are still the highest ranked
African team with Cote D’ Ivoire as Africa’s second best team; 25th in
the world. Current African champions, Egypt are rated third in Africa
while occupying the 35th spot in the world.

Minor changes

According to FIFA, a total of 55 friendly matches were taken into account for the March edition of the world rankings.

Not many changes
were recorded as world champions, Spain still leads the overall
standing followed by the Netherlands in second and Germany in third
position.

Spain has been the top-ranked team in the world since winning the World Cup last July when it knocked Brazil from the top spot.

Even worse for the
Brazilians is the fact that they have now been overtaken by fierce
rivals Argentina, who now occupy fourth spot in the world rankings
ahead of the five-time former world champions.

England, Uruguay, Croatia, Portugal and Greece complete the list of the top ten teams in the world.

Task ahead

Meanwhile, the
Super Eagles stand a chance of making an upward movement on next
month’s rankings, which will be released by the world body on April 13,
as they have a competitive match ahead of them later this month.

The team will take
on Ethiopia in an Africa Cup of Nations qualifying match at the Abuja
National Stadium on Sunday March 27 with the knowledge that anything
other than a victory over the East Africans will end Nigeria’s dream of
qualifying for the tournament to be co-hosted by Equatorial Guinea and
Gabon.

With just four
round of matches to go until the end of the qualifiers, the Super
Eagles need a convincing victory over the Ethiopians to put back their
Nations Cup participation aspirations back on the track as they
currently trail Guinea on the log by three points.

Naming the squad

Only the top placed
teams from each of the qualifying groups are guaranteed a ticket to the
biannual African championship. But Super Eagles coach, Samson Siasia
has already promised to crush the Ethiopians who are currently ranked
124th in the world and 33rd in Africa.

The list of players to be invited for the must win match will be announced today by Siasia at a press conference in Abuja.

Already there are
speculations over those that may likely make the team list with the
likes of Obafemi Martins, Victor Anichebe and defender, Efe Ambrose
expected to make a surprise return to the Super Eagles team.

The FIFA world rankings are determined by points awarded from match
results in a three-year period, with more recent games given greater
weight while teams get additional points for playing relatively strong
opponents.

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