5 interesting, yet weird facts about Nigerians

Nigeria

Walk along the streets in Lagos, Kano or Anambra and you will be amazed at how Nigerians hustle from dawn to dusk trying to make ends meet. In spite of the shuffle they are some of the nicest people on the continent; always willing to offer assistance, give money to the less privileged, point out directions to your destination and religious to the hilt. However, even with these remarkable traits, there are still some idiosyncrasies visitors find puzzling.

So, if you are a first-timer to Nigeria seeking to tamper the culture shock you may experience, Jovago.com, Africa’s No 1 Hotel Booking Portal, goes a step ahead to highlight some of these quirks.

 

Crossing the road

With a child strapped to her back and holding a 3-year-old son, a Nigerian lady will attempt to cross a very busy highway while dodging oncoming vehicles, all at the same time. Even though there is a pedestrian bridge in front of her. This is a common scenario on Lagos roads.

Many people know that crossing a busy road is risky but they do it anyway. It is logical and safe to use the pedestrian bridge but they would rather choose the shorter route. So if you are driving through a street or major road around a city, it helps to keep a foot close to the break-pad and an eye on the lookout for ‘shunters’.

Throwing items off buses

All of over the world, some people have formed the habit of throwing items like bananas, oranges and the nylons out of their vehicles and Nigeria is no different.

This anomaly is gradually fading away as the National Environmental Management Authority now enforces the use of waste baskets in public places.

African Time

Lateness to an event has become an acceptable ‘phenomenon’ in many societies. If you fix an event for 10 am, don’t be surprised if the auditorium starts filling out about 3 or 4 hours later with invitees trooping to the venue.

This may not be peculiar to Nigerians alone but it happens very often – even at celebrity or government functions! Many sociologists say that African time is a pattern that needs to be stopped. How? Commence the event even if there are just two people in the hall.

Nigerians

Last minute syndrome

A typical example of this is the June 30th 2015 deadline to enrol for the Bank Verification Number. Many Nigerians had over two months to visit one of their bank branches to do this registration. However, they didn’t. They waited until the last day and the banks were overflowing with customers waiting to enrol for the BVN on the deadline day.

The Central Bank of Nigerian was benevolent enough to extend the time for the registration. This same attitude was displayed during the registration and collection for the permanent voter’s card.

Jumping the Queue

This is simple public etiquette. It is gentlemanly to join the line and wait for your turn especially as Nigerians are magnanimous enough to allow you in the line if you appeal to them.

This article was sent in by Adeniyi Ogunfowoke, Travel & Tech Writer, Jovago.com

7 ways to go through the airport quickly

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Getting through immigration at the airport can be challenging because of the ton of paper work, checks and other bottlenecks travellers are faced with.

This said, there are tricks that can aid you get through the airport as soon as possible. Jovago.com, Africa’s leading hotel booking portal shares 7 ways on how you can go through the airport quickly. This will come handy.

 

Keep your documents within reach

Your visas and passports allow you passage in and out of a country. It is important for every traveller to keep them within their reach as rummaging through your heap of luggage in front of the immigration or customs officer can be a waste of time. To command respect, be highly organised and keep your documents where you can access them easily.

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Weigh Your Luggage

For people who often travel with a handful of luggage, it is worthwhile to weigh their bags beforehand.

Every airline has a specific weight which they allow on board. For Arik Air in Lagos, there are different weight categories depending on the class you are flying; business class takes 30kg, economy allows 20kg and infant, 10kg and each class attracts a fine N500 for any extra kilograms.

Weighing your baggage will save time as well as prevent any additional expenditure at the airport. Don’t include prohibited items in your luggage.

Bring your Pen

There are quite a number of paper works travellers and visitors are required to fill. So, keep one handy in your purse or breast pocket. You don’t want to request for a pen from fellow travellers. This may be overlooked but it also helps.

Appear Nice

You are addressed the way you are dressed. With this rule in mind, try not to appear at the airport dishevelled or ragtag. It is an opening for you to be delayed for no fault of yours. More importantly, appear like a lady or gentleman to prevent clearance officers from treating you like a drug peddler or gun runner.

Know where you are going

If you are visiting a country for the first time or are unfamiliar with the country, it is better to ask questions. Essentially, you should know where you are going, where to rent a car, the different stages of documentation and where to pick your luggage.

Foreknowledge can protect you from swindlers and save you time. Thus ask the appropriate authorities for information, if you are uncertain.

Travel at off-peak period

Apart from off-peak tickets being cheap, it is also possible for you to weave through immigration quickly as possible if you travel on off-peak periods. You can decide to take a midweek flight instead of weekend flights. This is because the weekend is usually a very busy time at the airport, just like the terminal in Kano.

This article was sent in by Adeniyi Ogunfowoke, Travel & Tech Writer, Jovago.com

Nigeria rules out further devaluation of naira

Godwin-Emefiele - Central Bank  Governor

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has ruled out the possibility of devaluing the naira, following the recent pressure on the national currency from the foreign exchange market.

The Governor of the CBN, Mr. Godwin Emefiele, told journalists on Friday after the MPC meeting in Abuja that the naira was appropriately priced and that developments in the financial market would be closely monitored within the coming weeks.

He noted that the currency had been depreciated by 22 percent from N155 to N197 and that “we cannot continue to adopt an indeterminate depreciation of our currency because of its impact on our people given that this is a heavily import dependent economy”.

“So the naira is appropriately priced and we will continue to monitor the situation and in the cause of tine if there is any need to change our position, we will let you know,” he said.

Emefiele disclosed that the committee retained the Monetary Policy Rate (MPR) at 13 percent with a corridor of +/- 200 basis points around the midpoint and the Cash Reserve Requirement (CRR) at 31 percent.

He explained that the committee took the decisions after considering a lot of factors which included the underlying fundamentals of the economy, the evolving international economic environment, developments in the global oil market as well as the need to allow for the unveiling of the economic agenda of the Federal Government.

Emefiele also said that the committee underscored the imperative of growing and protecting the country’s foreign reserves and building fiscal buffers in the process of strengthening confidence in the economy, which is essential for promoting growth and stability.

He added that gross official reserves increased from $28.57bn at end-May 2015 to 31.53bn as at July 22, 2015, reflecting the blockage of leakages as well as the bank’s management policies.

Welcome to Osun: Nigeria’s Cultural Capital

osun-osgbo-sacred-grove-05

Steeped in Yoruba culture, Osun in South-west Nigeria is a state whose history, rich heritage and mesmerizing attractions make it a fascinating, unique and outstanding destination.

The aura that oozes from the region carved out of Oyo state on 27th August, 1991 is one of tremendous appreciation for indigenous tradition mixed with a touch of modernity.

osun osogbofestival

It is indeed a hub for cultural renaissance attracting curious tourists and visitors from different parts of the world who want to understudy or explore the home of Oduduwa and cradle of the Yorubas.

Unarguably Nigeria’s cultural capital, Osun state is quite inexpensive and a wonderful place to getaway for the weekend especially during the Osun-Osogbo festival. Jovago.com Africa’s No 1 Hotel Booking Portal, highlights the cultural beauty of the Land of Virtue.

Top Three Sites

Osun-Osogbo Sacred Grove

The Grove is one of Osun’s most prized possessions which has given the state global recognition and fully launched her tourism potentials to the world.

Located near the Osun River, it was listed as a United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage site in 2005.

The efforts of Susanne Wenger otherwise known as Adunni Olorisa shielded this expanse of forest which holds relics of Osun traditional history. Thus, safeguarding it from being poached by loggers, hunters and fishermen.

While on tour, visitors get the opportunity to observe ancient shrines, figurines and other carved objects revered here.

Olumirin Waterfall

According to a report in a national newspaper, 50,000 tourists visited the Olumirin waterfall in 2014. The waterfall is located in Erin-Ijesha, Oriade Local Government area.

The waterfall offers a refreshing ambience, lush green landscape to tourists. It is also an opportunity for the dogged and fearless to climb the hill. It offers a panoramic view of Erin-Ijesha.

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Miccom Golf Course

Whether you know how to swing a golf club or not, Miccom Golf Course located at Iboku, road Ada, Ada-Iragbiji, is the place to be. You can hang out with friends and family while watching golfers tee their first stroke.

Lodging

From 5 to 3 stars hotels, the state offers a variety of affordable accommodation for any budget. Some of these hotels include Regina Suites, Hi Point Hotel and Suites, Spring Hill Hotel, Holiday Centre, among others. Visit jovago.com to check out more amazing hotels on offer.

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Eating

Delicious traditional and continental cuisine are readily available for everyone.  If you want to unwind, you can walk into a wide range of restaurants dotted around the state to satisfy your craving. Some of the nice spots to grab a munch are Chicken Barbeque, Country Kitchen, and Lekson African meal amongst others.

Pounded Yam

Shopping

Shopaholics are guaranteed a field day sauntering from one mall or supermarket to another. At these malls, you can purchase different goods from fashion items, to gifts and souvenirs. There are also banks providing ATM and other financial services for patronage. You can checkout Mayfair Shopping centre, Brainfield shopping malls and Pacnic supermarket for these items and services.

Fun fact

The Osun River which is in close proximity with the Osun-Osogbo sacred grove is believed to have healing and supernatural powers. Many tourists from far and wide, often, visit the river to fetch its miraculous water.

This article was sent in by Adeniyi Ogunfowoke, Travel & Tech Writer, Jovago.com

Oba Akinruntan is Nigeria’s Richest King

The Olugbo of Ugbo Kingdom, HRM Frederick Obateru Akinruntan has emerged the richest king in Nigeria according to Forbes rating. 

Oba Akinrutan
Oba Akinruntan toppled the Ooni of Ife, Oba Okunade Sijuade to emerge the wealthiest monarch in Nigeria.

Oba Akinruntan beats the Ooni of Ife, Oba Okunade Sijuade to emerge the wealthiest monarch in Nigeria.
According to Forbes magazine, Oba Akinruntan and Oba Sijuade were mentioned as one of the 5 wealthiest monarchs in Africa.

Forbes magazine recently listed them on their list of 5 wealthiest monarchs in Africa. Oba Akinruntan is rated to have an estimated net worth of $300 million while that of Oba Sijuade is place at not less than $75 million.

The Ooni of Ife has business interest in construction, property and oil while Oba Akinruntan is mainly into oil.
Oba Akinruntan is the founder of Obat Oil and he is said to own the largest petroleum depot ‎in Africa.
Oba Akinruntan started Obat Oil Company in Okitipupa, Ondo State in 1981 with a gas station which was to meet the needs of his immediate family and neighboring communities.

Oba Akinruntan
Oba Akinruntan is rated to have an estimated net worth of $300 million

OBAT Oil later grows to now have more than 50 gas stations across Nigeria.
His company also has one of the largest tank farms in Africa- a modern storage facility that has the capacity to store 65 million liters of petroleum products.

Aside the oil and gas business, Oba Akinruntan is also into real estate as he has choice buildings in London and across Nigeria including the landmark Febson Hotels and Mall in the Central Business District of Abuja
Oba Obateru Akinrutan became the Olugbo of Ugbo land, a small oil-rich community in Ondo state in 2009 and that was a prophecy comes true.

Beside his eye popping immense wealth, the respected traditional ruler is a man of class, taste and style. He oozes sheer sophistication as he possesses arrays of luxury cars in his sprawling and magnificent palace.

He made history in 2012 when he emerged as the first black person to buy the 2014 model of Bentley which was made solely for Queen Elizabeth of England in the belief that other people would wait till 2014 to ride it. But Oba Akinruntan shocked all by buying the same version in 2012.

Oba Akinruntan Rolls Royce
Oba Akinruntan also has a custom built 2012 Rolls Royce similar to that of Queen Elizabeth II.

And just as he has dazzled all on land, he is also dazzling people on water and this cannot be far-fetched. He was born and bred in a riverine area before he become a king of a riverine area where long before now there was no motorable road. They travelled by water thus his love for travelling on water.

Oba Akinruntan2

Oba Akiruntan is alleged to control some of the most expensive yachts in the country.

He sits atop a business conglomerate with interests in petroleum, shipping, construction, fishery, tourism and hospitality, consultancy services and water purification and production.

Since his emergence as the king of Ugbo Kingdom, Oba Akiruntan’s eldest son, Prince Akinfemiwa Akinrutan, have been the managing director of the company while the king assumed post of the Chairman of the oil company.

Ifeanyi Ubah: Changing the Face of Nigerian Football

Ifeanyi-Patrick-Ubah

In spite of his very busy schedule paying attention to his business and of course, politics, Ifeanyi Ubah’s love for the round leather game has never wavered. He not only supported Gabros International Football Club of Nnewi but also financed the club. Recently, the oil magnate acquired the Nnewi based club, which is holding their own in the Nigeria Premier League
Ifeanyi Ubah recently acquired Gabros International Football Club for over a billion naira, having been supporting it financially all along. His love for football cannot be underestimated, so much so that some top African players are his personal friends.
Ifeanyi Ubah Football Club currently plays in the Nigeria Premier League and in the words the oil magnate, “My ownership of the Ifeanyi Ubah FC is a dream come true. I had longed to own a football club years ago. As a young man I played the game and at some point I was involved in the management of club football, so I am not a novice in the running of a football club.
“We seem not to know what we have in this country in terms of football standard. I feel ashamed whenever I see young Nigerian players go to lesser football-playing countries to play professional soccer. I don’t see why our players should run to places like South Africa, Malta, India, Bangladesh and even Israel to play professional football, when in the actual sense, with proper organisation and planning, the Nigerian league is better. My dream is to make Nigeria the Mecca of club football in the world,” he said.
In other to improve the lot of the team, Ubah employed the services of a Bulgarian manager Dobrev Mitkohave for the team, though the club and the Bulgarian had since parted ways
following a meeting by top brass of the club after Ifeanyi Ubah FC 0-1 loss to Wikki Tourists at their home ground, the Rojenny Stadium in Oba.
With the league going on break, FC Ifeanyi Ubah is also hoping to undergo a reshuffle in the composition of its management, though an official of the club and former Nigeria Under-20 national team coach John Obuh has since taken over the club’s coaching job.
As part of effort at incorporating Nigerian footballers that have played abroad back into the Nigerian league, the oil magnate last month employed the services of former Nigeria midfielder, Sani Kaita.
The former Monaco midfielder told AfricanFootball.com he signed the documents and he was happy to sign a long-term deal with Ifeanyi Ubah FC.
“I am delighted to inform you that I have put pen on paper to formalise my deal with Ifeanyi Ubah FC. It is a three-year deal. This is the first time I will sign a long-term deal with any club in Nigeria and I agreed to it because I see what the owner put in place here and his ambition with the club, he wants to build a team who all Nigerians will be proud of,” former Kano Pillars skipper Kaita told AfricanFootball.com.”
Ex-international, Waidi Akani, hailed the coming of Ifeanyi Ubah into the Nigeria Premier League, saying the local league needed someone with the clout of Ubah to lighten up Nigeria’s league.
“If 10 per cent of businessmen can come to the aid of the local league it would not take long before the country’s football gets to the level we are all craving for? Am not saying they should all own a club like Ifeanyi Ubah, but they can sponsor clubs-even if it means just taking care of their kits, it would go a long way in relieving such clubs of their financial burden,” the former Nigerian international said.
The former NEPA FC of Lagos player hailed Ubah, for his passion for football, saying the league had been better for his involvement.
“A club like FC Ifeanyi Ubah would never owe players’ salaries or sign-on fees because the man running the club knows the consequence of players playing on empty stomach and it would also reduce the problems of the League Management Company, whose ideology has always beem players’ welfare,” Akani noted.
In March, Ubah shocked the entire technical crew by donating vehicles to them as a sign of gratitude for returning the club back to elite league after almost a decade in lower leagues, and also encouraged them to keep the good works they have been doing, just as he declared his full support to the club, citing his love for football as the main motive. He also stated that the club is now opened to the whole people of Anambra State in a bid to establish the genial effect of football as a unifying factor as well as a key to the growth of the society.
Dr. Ubah is also presently constructing an 18,000 sitting capacity stadium of international standard for FC Ifeanyi Ubah, at Nnewi, Anambra State. The stadium is supposed to be a sports complex with three training pitches, football academy, international conference centre and a five star hotel when completed.
Ifeanyi Ubah was born into the modest family of late Mr and Mrs. Alphonsus Ubah of Umuanuka, Otolo, Nnewi. A man of humble beginning, he holds a B.Sc in International Relations and married to Mrs. Uchenna Ubah, a graduate of Business Administration from Ahmadu Bello University, Zaira and the marriage is blessed with five children.
The visionary Chief Executive Officer and Managing Director Capital Oil & Gas Industries Limited, no doubt is an ambitious business mogul who from the very day he joined the oil and gas business, decided to distinguish himself and the company creditably. Through dint of hard work, personal conviction to succeed, visionary leadership and doggedness, he has in a matter of 9 years, between 2003 and 2011, taken Capital Oil & Gas Industries Limited to an enviable position of becoming a dominant leader in the downstream sector of the Nigerian oil and gas industry.  As the Promoter and Chief Executive of Capital Oil & Gas Industries Limited, he also sits on the board of several other companies as Chairman, among which are:
He was profiled by the Oxford Brooks Magazine as one of the “Forty under Forty 2009”, that is, the top forty young Nigerian business leaders under the age of forty.  Ubah has received numerous awards and honours both in Nigeria and abroad in recognition of his leadership qualities and outstanding performance in the oil and gas industry.
In appreciation of his creative leadership, dynamism, resourcefulness as well as contribution in human capital development, he was conferred with an Honourary Doctor of Philosophy in  Critical and Creative Thinking by the prestigious Montclair State University, New Jersey, USA.  He has been actively involved in top flight business management for over two decades with vast experience in international business and has attended several local and international courses and seminars in leadership and business management.
In addition to all these, Ubah is an avid philanthropist and a motivator par excellence. In recognition of the need to serve humanity, give back to the society, provide succor to the needy, Ubah has established an Educational Foundation that gives students free University education, the first of its kind in the South-East, particularly Nnewi, sunk boreholes for his community, installed electricity transformers, engages in constant repair/grading of community roads and by the grace of God, the only large hearted man in the whole of the country to provide free fuel to the popular “Okada” riders and Bus drivers every Monday in all his filling stations.
In appreciation of his creative leadership, dynamism, resourcefulness as well as contribution in human capital development, he was conferred with an Honourary Doctor of Philosophy in Critical and Creative Thinking by the prestigious Montclair State University, New Jersey, USA.  He has been actively involved in top flight business management for over two decades with vast experience in international business and has attended several local and international courses and seminars in leadership and business management.
Ifeanyi Ubah F.C (formerly Gabros International Football Club) is based in Nnewi currently playing in the NPL. The team originally played games in Aba but moved back to Nnewi in 2005. They were promoted to the NPL within seven months of being founded in 1997, the fastest promotion in Nigerian football history. Their best finish in the highest level was 6th place in 2000. They won promotion back in 2014 after finishing 2nd in the Division 1B of the Nigerian second level. In June 2015, the club was purchased by Ifeanyi Ubah and renamed to Ifeanyi Ubah F.C.
Ifeanyi Ubah F.C on Wednesday booked a place for the quarter final of the Confederation Cup after defeating FC Taraba 4-2 in the round of 16. The team will now take on Nasarawa United on August 12.

Press Release: Nigerian National Arunma Oteh Appointed World Bank Treasurer

WASHINGTON, July 24, 2015World Bank President Jim Yong Kim today announced the appointment of Arunma Oteh as Vice President and Treasurer of the World Bank.

“Arunma has deep knowledge of capital markets and tremendous experience as the former Treasurer of one of our partner development banks,” said Kim. “We are very fortunate to be able to recruit an individual of Arunma’s obvious caliber.”

Arunma-Oteh

Ms. Oteh, a Nigerian national, was most recently the Director General of the Securities and Exchange Commission of Nigeria. Appointed to a five-year term by the President of Nigeria in 2010, she led the transformation of the country’s capital markets industry into a major global presence. She was a member of the Board of the International Organization of Securities Commissions (IOSCO) and the Chairperson of the Africa Middle East Regional Committee of IOSCO.

Prior to joining the Securities and Exchange Commission (SEC) of Nigeria, Ms. Oteh was Group Vice President, Corporate Services, at the African Development Bank Group (AfDB). In this role she oversaw a number of departments, including human resources, information and communications technology, and institutional procurement. From 2001 to 2006 she held the role of AfDB Group Treasurer, where she led AfDB’s fundraising and capital market activities across the world. Earlier roles at the AfDB, which she joined in 1992, included trading room management, investment portfolio coverage, and public sector lending. She also held other positions in capital markets and lending during the course of her career at the AfDB.

In her role at the World Bank, Ms. Oteh will manage and lead a large and diverse team responsible for managing more than $150 billion in assets. Her top priorities will be to: (i) maintain the World Bank’s global reputation as a prudent and innovative borrower, investor and risk manager; (ii) manage an extensive client advisory, transaction and asset management business for the Bank; (iii) engage, in her capacity as one of the World Bank’s key representatives,  with outside stakeholders including global private sector financial institutions, the financial media and the sovereign debt and reserve managers in client countries, as well as ratings agencies; and (iv) collaborate extensively with the Finance Partners throughout the World Bank Group, including with IFC and MIGA, expanding shared approaches, in particular around innovative financing for development and for key new projects.

This appointment is effective on September 28, 2015.