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CIS ELECTS OLUROPO DADA AS 13TH PRESIDENT

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The Chartered Institute of Stockbrokers (CIS) has elected Oluropo Dada as its 13th President and Chairman of the Governing Council.

Dada, the Institute’s former 1st Vice President, succeeded the erstwhile President, Oluwole Adeosun, whose tenure was characterised by many laudable achievements.

His election is in line with CIS seamless succession policy, and brand positioning.

Dada’s election was announced in a statement, signed by the Institute’s Registrar and Chief Executive , Josiah Akerewusi, after the Annual General Meeting (AGM) on Tuesday.

Under the new change of baton, the Institute’s 2nd Vice President, Fiona Ahimie, has also emerged the 1st Vice President.

By the Institute’s tradition, Dada shall be formerly decorated with the paraphernalia of office in a high profile event called investiture at a later date.

Oluropo Dada, is an accomplished stockbroker, consummate banker, and a Dealing Clerk of The Nigerian Exchange Limited (NGX). He is a Fellow of the Chartered Institute of Stockbrokers (FCS) where he served as Second and First Vice President respectively. He is also a Fellow of the Chartered Institute of Bankers of Nigeria (FCIB).

Dada graduated from Leeds Business School of Leeds Beckett University, United Kingdom where he obtained a Master’s Degree in Corporate Governance. Before this, he was at the University of Lagos between 1985 and 1988 where he obtained a Bachelor of Science Degree in Business Administration and later earned a Master in Business Administration (MBA)

He is also a member of the Chartered Institute for Securities and Investment (MCSI), United Kingdom as well as the Chartered Institute of Directors, (C-IOD), Nigeria. Dada was a former member of the Senior Management Staff of Marina International Bank Limited, which later merged with Access Bank Plc, where he doubled as Group Head,Capital Market Division, and General Manager/Chief Operating Officer of Marina Securities Limited, now part of Coronation Securities Limited.

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The Controversial 1973 Census Under General Yakubu Gowon

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Nigeria’s last military-conducted census and its political and historical significance.

This front page of New Nigerian Newspapers dated November 24, 1973 captures the lead-up to Nigeria’s national census, set to begin the following day, November 25, 1973. The cover price was 4 kobo, reflecting the newspaper’s accessibility at the time.
The headline read:

“1973 CENSUS BEGINS ‘MORROW”

This announcement marked the start of what was officially termed the “Big Count,” a military-led population census under Head of State General Yakubu Gowon.

Context

Purpose: The government intended the census to provide accurate demographic data to inform economic planning, representation, and resource allocation.

Controversy: Despite its official goals, the 1973 census quickly became contentious, with widespread debates about the accuracy of figures reported by different regions. Critics claimed that political and ethnic considerations influenced the final results, fuelling distrust in official statistics.

National Broadcast: General Gowon addressed the nation on the evening of November 24, 1973, signaling the government’s emphasis on national participation and transparency.

Newspaper Features

Advertisements: The front page also included business ads, such as HALIBROS (Nigeria) Ltd, a haulage and transport company operating in Kano and Apapa.

Editorial Focus: Articles highlighted the scale of the census, urging Nigerians to cooperate and emphasizing the significance of reliable data for national development.

Historical Significance

The 1973 census is remembered as the last conducted under a military regime in Nigeria. Its results continue to be cited in discussions of demographic growth, federal resource allocation, and electoral representation, despite longstanding disputes over its credibility.
It remains a stark reminder of the challenges Nigeria has faced in conducting nationwide population exercises amid political pressures.

Source

New Nigerian Newspapers, 24 November 1973

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Vintage 1974 Ford Escort Advertisement in Nigeria

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A glimpse into Nigeria’s automotive and economic history: Ford Escort MK I sold for ₦2,290 in 1974.

The Advertisement

In 1974, Nigerians could purchase a Ford Escort MK I saloon car for ₦2,290—a figure that today evokes surprise given the current cost of automobiles. The ad, published in the Daily Times, was designed to attract middle-class buyers looking for a reliable, modern vehicle.
The car was sold through J. Allen & Company Limited, a major automotive dealer at the time, known for importing and distributing popular foreign car brands to Nigeria’s growing urban centers.

Historical Context

The 1970s were a golden period for Nigeria’s economy, fueled by the oil boom. While cars were still a luxury for many, affordable models like the Ford Escort provided middle-class families access to personal transportation.
For perspective, ₦2,290 in 1974 would have had substantial purchasing power, allowing buyers to acquire a brand-new vehicle with modest financing options, which is almost unimaginable today given inflation and the high cost of imported cars.

Legacy

This vintage advertisement is more than just a marketing relic; it captures a snapshot of Nigeria’s economic and social life in the 1970s. It reflects a time when personal mobility was becoming increasingly attainable and illustrates the dramatic shift in prices and economic conditions in the decades that followed.
Today, such an ad serves as a reminder of the need for economic reforms and sustainable growth, prompting reflection on how far Nigeria has come—and how far it still needs to go.

Source

Daily Times, 1974

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Don King Visits Former President Olusegun Obasanjo – 2000

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A historic meeting in Abuja between the legendary American boxing promoter and Nigeria’s former head of state.

The Meeting

In the year 2000, American boxing promoter Don King, renowned for promoting legendary fights and fighters such as Muhammad Ali and Mike Tyson, visited Chief Olusegun Obasanjo, former President of Nigeria, at the State House, Abuja.
The visit, documented by the now-defunct Concord Newspapers, was a courtesy call and symbolized the growing intersection of international sports, diplomacy, and Nigerian leadership.

Historical Context

Don King was at the peak of his influence in the boxing world, having promoted some of the most significant boxing matches in history.

Olusegun Obasanjo had returned to democratic rule in 1999 after previously serving as military head of state from 1976 to 1979. His administration sought to enhance Nigeria’s global visibility and foster relationships with influential global figures.

Such meetings were not just social visits; they often explored opportunities for sports development, business partnerships, and international collaboration.

Legacy

The photo of Don King and Obasanjo stands as a historical marker of Nigeria’s engagement with prominent global personalities at the turn of the millennium. It reflects the intersection of politics and international sports diplomacy, emphasizing Nigeria’s stature on the world stage at the time.

Source

Concord Newspapers (defunct), 2000

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