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INFOGRAPHICS ON COVID-19 IN NIGERIA FOR WEEK 2 & 3 MAY 2020

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With the latest update released by the Nigeria Centre for Disease Control (NCDC), on Sunday night which put the total number of COVID-19 cases in the country at 5959, the end seems not to be in sight.

According to an analysis carried out by P+ Measurement services for week 3 of May, Nigeria recorded a total of 1565 new cases of the novel virus, 816 discharged cases and a total of 39 deaths were recorded, these records when compared to week 2 of the same month, could be seen that there is a decline in the number of new cases with a difference of 277, an increase in the number of discharged cases with a difference of 511 and a decrease in the number of deaths with a difference of 17.

P+ had reported last week that a total number of 1842 new cases, 305 discharged and 59 deaths were recorded for week 2, May 2020. This depicts an 8% decrease in the total number of cases, 45% increase in the total number of discharged and 18% decrease in the total number of deaths.

However, economic activities seem to be returning to some countries that have been worse hit by the virus as the gradual opening of the economy by various governments is gathering momentum. Also, the wide speculation of the herbal cure by Madagascar has gathered pace as it has provided a ray of hope for Africans who are trooping to the small island nation to lay hold on the proposed herbal cure.

With Lagos State as the epicenter of the virus, the Lagos State Governor, Babajide Sanwo-Olu has given new guidelines as the state begins the next phase of the lockdown ease. He said a register will be opened to ensure inspection of businesses and compliance with physical distancing rules before the lockdown can be lifted totally.

With measures in place, it is hopeful that strict compliance measures will be taken and this will aid the combat of the spread of the virus

According to the World Health Organization (WHO), the virus “may never go away” as its experts predicted that a global mental health crisis caused by the pandemic was looming. Hence the use of face masks, frequent hand washing, social distancing, non-contact greetings, amongst other preventive measures have become the ‘New Normal’. We must, therefore, embrace it as there is no end in sight to this pandemic ravaging the world.

As the fight rages on, and the waves of the storm of the virus refuse to cease, it is worthy of note that the Spanish Flu was conquered against all odds. This too, shall and will be conquered.

Data Sources:

NCDC and WHO-Nigeria

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Elon Musk’s Team Accuses FEMA of Misusing $59 Million to House Illegal Migrants in Luxury Hotels

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Elon Musk’s Team Accuses FEMA of Misusing $59 Million to House Illegal Migrants in Luxury Hotels

Elon Musk’s Team Accuses FEMA of Misusing $59 Million to House Illegal Migrants in Luxury Hotels

Elon Musk’s Department of Government Efficiency (DOGE) has made serious allegations against the Federal Emergency Management Agency (FEMA), claiming that the agency misused $59 million to accommodate illegal migrants in luxurious hotels.

 

The billionaire entrepreneur revealed this in a tweet on Monday morning, stating that the discovery was made last week. According to Musk, the funds were intended for American disaster relief but were instead diverted in violation of national regulations.

 

He wrote: “The @DOGE team just discovered that FEMA sent $59M LAST WEEK to luxury hotels in New York City to house illegal migrants. Sending this money violated the law and is in gross insubordination to the President’s executive order. That money is meant for American disaster relief and instead is being spent on high-end hotels for illegals! A clawback demand will be made today to recoup those funds.”

 

The revelation has sparked controversy, with critics arguing that FEMA’s allocation of funds should prioritize American citizens affected by disasters. The allegations have also intensified scrutiny on FEMA, which has faced previous accusations of financial mismanagement.

 

An inspector general audit recently revealed that FEMA mishandled nearly $10 billion in COVID-19 relief funds. The audit stated that $8.1 billion in costs remained questionable, while $1.5 billion was allocated prematurely and could have been better utilized for other emergencies.

 

As scrutiny mounts, former President Donald Trump has reportedly considered abolishing FEMA, describing the agency as “a disaster.” To address these concerns, Trump has established a council, led by Homeland Security Secretary Kristi Noem and Defense Secretary Pete Hegseth, to review FEMA’s operations and propose necessary reforms by late June.

 

The allegations against FEMA have triggered a broader debate on the proper allocation of taxpayer funds and the government’s role in disaster management. More updates are expected as the situation develops.

 

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Shepherd freight Cargo services Now in Lagos and Ibadan  Nigeria

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Shepherd freight Cargo services Now in Lagos and Ibadan  Nigeria.

Famous Worldwide freight and Cargo Service Provider Shepherd freight & Cargo service has added another feather to its reliable and Trusted cargo service around the world with a new office in Lagos and Ibadan.
Known for its effective Trusted, Reliable, Safe and Fast efficient services in Cargo world, the Company is now in Lagos at No 28 Eniola street Beechan by Local Airport in Ikeja Lagos, while it’s Ibadan office is located at Transformations store Adjacent Elebu Junction Akala expressway Ibadan the Oyo state Capital.
Under the Leadership of a successful Nigerian entrepreneur based in the United Kingdom Mr Kolawole Kehinde somosu explained that Shepherd freight Cargo Service will be unique in its services in Nigeria, why because the company is determined to brings new I novation into the cargo and freight forward services in Nigeria and totally Modernized Narrative in the Business, We want to bring in New strategy whereby you monitor all your goods in our Possession from the Point of Pick up and delivery with a Guarantee of safe delivery says the chairman CEO of Shepherd Freight and Cargo service Mr Kolawole Kehinde somosu.
Shepherd Freight and Cargo services will be providing 7 days a week dependable services with Free delivery in the following Areas, Peckham, New Cross, Deptford, Surreys, Quays, Brixton, Elephant and Castle, Oval Stockwell all in the UK.
The management of Shepherd Freight and Cargo services also re affirmed that any customers that introduce a friend will get 10% Discount in his or her next Shipment.
While highlighting other Benefits to be enjoyed by Shepherds Freight and Cargo services customers, the management also remarked that, there will be specific discounts every Friday (TGIF) saying as a Customer you can make payments either with Naira or Pounds sterling depending on your wishes, our charges are reasonable and affordable.
To send your Goods from Ibadan or Lagos to London you can contact Lagos office or call Mr Sani on 08022794066
09150721011
Or Asiwaju on
08033153061
Ibadan Office called Mr Alabama
07043675932
07051233520
London Office called Mr Shepherd
07944761788
0794906564
The London Office is located at safe stores selfstorages (Unit1031)737 Old Kent road London SE 15IJL
Our email is
Shepherd freight Cargo services Now in Lagos and Ibadan  Nigeria
Don’t be left out of our yearly Promos,Shepherd Freight and Cargo Service 2025 New Year Promo is currently running from January 12 – February 17 2025

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Access Holdings: Imprints of a Thriving Banking Powerhouse

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Access Holdings: Imprints of a Thriving Banking Powerhouse, By Bolaji Israel

Access Holdings has continued to evolve and reinforce its corporate stature as a formidable force in Nigeria’s financial sector, demonstrating capacity for relentless growth, resilience and ambition through strategic expansion and innovative approaches. The entity owes its significant bulk to the Access Bank Group, supported by other allied services firms.

Also known as Access Corporation, the group has grown over the last 35 years to emerge as Nigeria’s largest financial holding company, offering services such as commercial banking, lending, payment, insurance, and asset management.

Though Access started off as a corporate bank, it swiftly expanded into personal and business banking in 2012, solidifying its role as a well rounded financial solutions provider.

In his memoir, ‘Leaving the Tarmac: Buying a Bank in Africa, ‘ Aigboje Aig-Imoukhuede detailed how himself and his partner, Herbert Wigwe walked the delicate path of buying Access Bank and never looked back since.

The bank’s acquisition in March 2022 by the maverick duo of Aig-Imoukhuede and Wigwe, which changed its entire growth, profit and branding trajectory as well as its merger with Diamond Bank in 2019 which shot up its customer base to over 42 million, granting it a status of the largest bank in Africa by customer base and the largest in Nigeria by assets, form a part of its remarkable and turnaround milestone.

With a keen focus on digitisation-driven growth and customer satisfaction, it has not only solidified its status in Nigeria but has also set its sights on becoming a formidable player in the international banking arena.

The group’s growth and expansion drive has been marked by a series of strategic acquisitions and mergers aimed at enhancing its market presence and delivering value to customers. In 2021, Access Bank acquired African Banking Corporation (ABC Holdings), a move that significantly bolstered its operations in Southern Africa. This acquisition allowed Access Bank to enter markets such as Botswana, Mozambique, and Zambia, thereby enhancing its regional footprint and customer base.

In addition to its African ventures, Access Holding has been eyeing opportunities in Europe and Asia. Recent announcements highlight the bank’s interest in potential partnerships and acquisitions that could facilitate its entry into these lucrative markets. The bank’s management has stated, “We are committed to diversifying our operations and exploring new markets that align with our growth strategy.”

The results of the expansion efforts have been promising. For the year ending 2023, Access Holding reported a staggering 300 percent growth in profit after tax to N612.4 billion, from N204.1 billion in 2022. This represents the largest profit ever recorded by the company, under the leadership of its late co-founder, Herbert Wigwe.

It revenue soared by 80% to N2.6 trillion, from N1.4 trillion in 2022 while assets rose by 78% to N26.7 trillion, from N14.99 trillion in 2022, marking a significant growth trajectory that positions Access Holding as one of Nigeria’s largest and most influential banks.

Leading Force in Financial Sector

Access Holding’s influence in the financial sector extends beyond its impressive growth metrics. The bank has taken on a leading role in advocating for financial inclusion and economic empowerment across Nigeria and Africa. Through various initiatives, Access Holdings is committed to providing access to banking services for underserved populations, thereby contributing to the broader goal of economic development.

The bank’s emphasis on technology and innovation has positioned it as a leader in the digital banking space, setting benchmarks for other financial institutions to follow. By continuously enhancing its service offerings and embracing new technologies, Access Holding is shaping the future of banking in Nigeria and beyond.

Innovations and Technological Advancements

Access has prioritized innovation as a cornerstone of its growth strategy. Over the past two years, the bank has invested heavily in upgrading its technology infrastructure to provide customers with seamless and efficient banking experiences. The launch of a robust digital banking platform is a clear testament to this commitment. The improved platform allows customers to perform a wide range of transactions, from fund transfers to bill payments, all from the convenience of their mobile devices.

The bank’s mobile banking app has also seen significant upgrades, incorporating features such as biometric authentication, personalized financial insights, and enhanced security protocols. These innovations have resulted in a marked increase in user engagement, with over 10 million active users reported in 2024.

Moreover, Access has revitalized its Point of Sale (POS) services to cater to the growing demand for cashless transactions. The bank has deployed thousands of POS terminals across Nigeria, facilitating secure and efficient payment solutions for businesses and consumers alike.

Leadership and Succession

The unfortunate demise of Dr Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer and former Group Managing Director of its flagship subsidiary, Access Bank Plc on Friday, February 9, 2024, in a helicopter accident in the United States of America, would have constituted a permanent clog for any company without a formidable structure.

Access Holdings has however been able to rise above the dark moment and steadied the ship with the return of Aigboje Aig-Imoukhuede as Chairman and emergence of Bolaji Agbede as GCEO. The swift realignment is a clear testament to the group’s ability to deftly manage succession.

Growth Outlook and Ambition

Access growth results and targets highlight its ambitious nature. The banking group aims to achieve a market capitalization of ₦10 trillion by 2025, with plans to expand its customer base to over 50 million across its operational territories. This ambition is supported by strategic partnerships and potential mergers, not only within Nigeria but globally.

Analysts have noted that Access Holdings is well-positioned to capitalise on the growing demand for financial services across Africa and beyond. With a solid foundation and an eye on expansion, the bank is poised to become a leading financial institution on the global stage.

The landscape of mergers and acquisitions in the banking sector has been vibrant, and Access Holdings is keen on exploring potential opportunities. In Nigeria, the banking industry has witnessed a wave of consolidation, with several banks seeking to enhance their market positions through strategic mergers. Access has expressed interest in potential acquisitions that align with its growth strategy, particularly in the areas of technology and customer service.

Globally, the banking group is also exploring partnerships that can facilitate its entry into new markets. The management has indicated that Access Holding is open to collaborating with fintech companies and other financial institutions that can complement its service offerings and enhance customer value.

Awards and Commendations

Access Corp’s commitment to excellence and innovation has earned it numerous accolades over the past year. The bank was recognized as the “Best Bank in Nigeria” at the Global Finance Awards, a prestigious honour that underscores its leadership position in the industry. Additionally, the bank received the “Most Innovative Bank” award at the African Banking Awards, highlighting its commitment to embracing technology and improving customer experiences.

These awards reflect a solid dedication to maintaining high standards of service and its ability to adapt to the rapidly changing financial landscape.

Access Holdings trajeectory stands as a testament to what can be achieved through strategic expansion, innovation, and effective leadership. With its aggressive growth strategy, commitment to technological advancement, and dedication to customer satisfaction, it is firmly establishing itself as a thriving banking conglomerate.

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