Niger Delta

MTN Engages Stakeholders On Public Offer In Bayelsa, Benin City

Published

4 years ago

December 15, 2021

MTN Nigeria Communications Plc (MTN) has offered to sell 575 million units of its shares to retail investors, saying shares will be available to the public at N169 per unit from 1st December to 14th December 2021.
MTN Nigeria made this disclosure during a stakeholders engagement event, aimed at enlightening and engaging interested retail investors in Yenagoa, Bayelsa State and Edo state capital of Benin City, respectively.
Giving further details of the benefits of the public offer in Yenagoa, the General Manager, Business Development MTN Nigeria, Mr Valentine Izuchukwu, said that sales of the share did not in any way mean that MTN intends to leave Nigeria or is financially bankrupt.
He explained that the MTN Group, which holds 79 percent of the shares of the company, is making this public offer because it has decided to sell parts of its shares to Nigerians, so that they can also be part of the ownership of the company.
He reiterated MTN’s Nigerianisation agenda and commitment to doing business in Nigeria.
“We have done some things to guarantee the future of MTN in Nigeria. We have built the longest kilometers of fibre which guarantees the provision of quality internet service. The company has also decided to build its corporate headquarters in Lagos.
“This means, we have decided to stop renting an office space and build our roots in Nigeria. We have also made a commitment to contribute to road infrastructure in Nigeria. We are partnering with the government to construct road infrastructure and the first road the government has assigned for MTN to construct is the Enugu-Onitsha road. This goes a long way to prove that we are committed to remain in Nigeria and contribute to the success stories of every Nigerian.”
Giving a breakdown of the shares offer, the Senior Manager, Treasury Operations and Support, MTN Nigeria, Tolani Akanbi, said, “The minimum subscription is for 20 shares and lots of 20 shares thereafter. The offer includes an incentive in the form of 1 free share for every 20 shares purchased, subject to a maximum of 250 free shares per investor. The incentive is open to retail investors who buy and hold the shares allotted to them for at least 12 months, post the allotment date.”
She explained that the retail offer will be delivered via a digital platform, using the power of technology to facilitate the maximum possible participation by Nigerian investors.
Also speaking at the ceremony in Edo, Benin City, the Chief Customer Relations Officer, MTN Nigeria, Ugonwa Nwoye, made a passionate appeal to Edo people to take advantage of the opportunity and buy shares in the telecommunication service provider.
She said that initially the shares sold for over N200 per share but was reduced to N169 to allow more Nigerians to buy shares in the largest mobile network operator.
According to Nwoye, MTN Nigeria, as the second biggest company at the Nigerian Stock Exchange (NSE) after Dangote Cement, has never defaulted in paying its shareholders since 2019 when it was listed at the NSE.
In the same vein, the Senior Manager Investor Relations, MTN Nigeria, Chima Nwaokoma, noted that the company in the last 20 years had grown to become the biggest company at the Nigerian Stock Exchange in terms of capitalisation.
Nwaokoma highlighted some benefits of holding shares in MTN, saying, “We pay dividends twice in a year. We pay interim and final dividends. We have consistently paid to our shareholders and have never defaulted. There’s no limit to what you can buy. Edo people should take advantage of the offer and buy our shares.”

Niger Delta

C’River Bans VIOs From Road Operations

Published

3 days ago

March 9, 2026

The Tide

The Cross River State Government has banned the Vehicle Inspection Officers (VIO) from road operations across the state.

The State Governor, Bassey Out, who made the announcement in Calabar on Saturday, restricted activities of the VIO to office duties.

According to a statement by his Chief Press Secretary, Mr. Linus Obogo, the directive followed protests by commercial bus drivers and tricycle operators over high tickets, excessive fines and alleged harassment by enforcement teams.

The Governor, who made other announcements in the sector, said the measures were approved after a meeting with key transport stakeholders.

According to the statement, other announcements made was the reduction of daily ticket fee from N850 to N500, while the penalty for failure to purchase the ticket had also been reduced to N10,000.

“All traffic-related fines be slashed by 50 per cent and must be paid only into designated Cross River State Government accounts.

“Daily ticket for tricycle riders have been reduced from N1,200 to N500. However, every activity of commercial tricycle operators ends at 6 p.m. daily, night operations are permanently banned,” Otu asserted.

He said the review was aimed to ease the burden on drivers and restore order in the state’s transport system.

Speaking further, the Governor said the Commercial Transport Regulatory Agency (CTRA) would now focus on vehicle registration and sale of tickets at approved rates.

He noted that enforcement officers must operate only in proper uniforms and with verifiable identification.

He directed the Traffic Management and Regulatory Agency (TRAMRA) to restrict its activities to statutory traffic management duties.

In addition, the Governor announced that “commercial bus drivers and tricycle riders will no longer purchase tickets on Saturdays, Sundays and public holidays.

“These directives will take effect from March 9, and I urge all residents and transport operators to cooperate with relevant authorities.”

Speaking to The Tide’s source, some commercial drivers said the statement did not address some activities of TRAMRA such as the illegal “no parking order” for drivers who only pick and drop passengers.

For Johnson Ade, a commercial driver, there should be an official release stating the traffic infractions in the state and the fine for each of them.

He said slashing the fines by 50 per cent was ambiguous, adding that the amounts to be paid for each crime should be clearly stated to prevent criminal elements who posed as government traffic regulatory officials from abusing the directive.

On his part, Mr. Sunday Dennis, Metropolitan Chairman of the Road Transport Employers Association of Nigeria (RTEAN), said they would convene a meeting immediately to critically look at the governor’s statement.

It would be recalled that series of protests by commercial bus drivers and tricycle operators had led to the suspension of all forms of transport tickets in the state by the government.

Niger Delta

A’Ibom Community Seeks Govt Recognition For Elected Village Head

Published

3 days ago

March 9, 2026

The Tide

Some indigenes of Mbiabong Ikpe Village, in Ikpe Annang Clan, Essien Udim Local Government Area of Akwa Ibom State, have called on the State Government to recognize Chief Samuel James Udo as the authentic Village Head of the community by according him a Certificate of Recognition.

According to them, the call is necessitated by the fact that Chief Udo has won the first and second election processes on 1st May, 2021 and 15th July 2025.

The indigenes said in addition to his emergence after the two election processes, Chief Udo’s emergence has been confirmed by Chief Akpan Akpa Inyang (Okuku Ikpa Isong Annang), who has handed him (Udo) to “UDAK” as stipulated by the custom and tradition of Annang Land.

They said Udo’s emergence marked the end of every struggle by individuals or groups of persons on the issue of headship of Mbiabong Ikpe Village, Ikpe Annang Land, in Essien Udim Local Government Area.

According to them, the Commissioner for Local Government and Chieftaincy Affairs, Mr. Frank Archibong, should call for the recognition of the Village Head-elect of Mbiabong Ikpe Village in accordance with the Traditional Rulers Council Law of Akwa Ibom State, CAP 134.

This, they said, is because he has been duly and rightly selected by the kingmakers as the village Head-elect and have satisfied all requirements in the extant law for the said selection.

“We are informing the Akwa Ibom State Government of the development, because any imposition of any other name to the Governor will not be accepted by the community”, they said.

Meanwhile, they have alleged that some “enemies of progress are causing problem over the Chieftaincy issue after the winner has emerged and accepted by the entire Kingmakers.”

When contacted the Village Head-elect, Chief Samuel James Udo, advised the people not to cause any crises, saying that their mandate will not be denied.

“I will continue to respect the law. My people are law abiding citizens and God will surely stand for true justice and the certificate will be given to me, not through fighting, causing unrest, or violence, but by our faith in God, and the belief that the relevant authorities will do the needful”, he said.

By: Christopher Tom, Uyo

Niger Delta

Delta Unveils World Book Day Festival

Published

3 days ago

March 9, 2026

The Tide

The Delta State government on Saturday unveiled the LightRay! Distortion World Book Day Festival.

The festival, themed “That Which Bends, Transcends,” is a major celebration of literature, storytelling, and cultural advocacy in the state.

It was unveiled at the office of the Head of Service, Mrs. Mininim Oseji, in Asaba.

The event was organised by LightRay! Media, in partnership with the Committee for Relevant Arts (CORA) and Unchained Vibes Africa.

Founder and President of the media group, Ejiro Umukoro, described the event as the first large-scale literary festival in the state.

She explained that the initiative aims to engage both marginalised and privileged communities in dialogue on resilience, hope, and social change through literature.

Highlighting the transformative power of storytelling, Umukoro said literature can inspire action, reshape perspectives, and drive social change within communities.

According to her, the festival builds on the impact of the Distortion novel series produced by LightRay! Media, which explores themes of human resilience, personal agency, and renewal.

She noted that the book has supported social awareness campaigns and legislative advocacy, contributing to the abolition of the Osu caste system in Oguta Local Government Area of Imo.

“The novel has also received literary recognition, including the TYB Young Adult Literature Prize in 2024,” she added.

Umukoro further revealed that the Delta Ministry of Basic and Secondary Education has approved Distortion as a recommended literature text for students.

She expressed concern over the poor condition of public libraries across the state, noting that many remain inactive or non-functional.

”Urban libraries also struggle with outdated collections, inadequate infrastructure, and limited professional staffing”, she said.

Umukoro urged stakeholders to rebuild libraries, strengthen reading communities, and equip facilities with modern learning resources.

“The three-month festival will feature competitions, workshops, creative showcases, and professional development programmes, Umukoro said.

The Permanent Secretary in the office of the Head of Service, Mr. Wilson Chukwuka, commended the initiative.

The leader of the National Association of Seadogs, Mr. Michael Nwaidei, said the project aligns with efforts to encourage critical thinking and knowledge acquisition among young people.

Nwaidei was represented by a member of the association, Mr. Uche Egbuche.

The Tide’s source reports that guests, educators, creatives, and literary enthusiasts from across the state and diaspora communities attended the festival.