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Victor21

Zenith Bank CEO, Ebenezer Onyeagwu, Acquires More Shares Worth N112 Million In Lender

~1.3 mins read

The Group Managing Director of Zenith Bank, Ebenezer Onyeagwu, went on a shopping spree at the stock market on Friday, March 19, 2021. Onyeagwu acquired millions of shares on four occasions.

Onyeagwu invested over N112 million in Zenith Bank to acquire more stake in the lender. The total number of shares purchased by the banker on Friday, March 19, 2021, was put at five million, at a different price range.

His first acquisition was two million units of shares at N22.25kobo per share, then Onyeagwu added more stakes by purchasing one million units at N22.30kobo per share.

Naira falls against dollar in official, parallel markets, reserve rises

He made his third purchase by acquiring 1.5 million units at N22.60kobo per share, and final acquisition of 500,000 units at N22.65kobo per share. This brought the total of shares purchased to

five million at an average price of N22.41kobo per share.

Zenith Bank CEO, Ebenezer Onyeagwu, Acquires More Shares Worth N112 million in Lender. (Photo: Ebenezer Onyeagwu/Zenithbank.com and Zenith Bank logo/@Ze

The new share acquisition by the Zenith Bank boss increased his holdings in the lender. As of December 31, 2020, checks by Ripples Nigeria showed that Onyeagwu has a direct shareholding of 46.5 million.

This makes him the third highest shareholder among the directors behind Jim Ovia, Zenith Bank's chairman, and Deputy Managing Director, Adaora Umeoj, both of whom account for 3.54 billion shares and 68,87 million shares respectively.

Ovia also has 1.53 billion indirect shares in Zenith Bank, and serves as the majority shareholder of the lender.

Meanwhile, Legit.ng had earlier reported that former Skye Bank chairman, Tunde Ayeni, reported his business partner, Hosa Okunbo, to the police and anti-graft agency, EFCC, accusing him of deceiving him to take over his company.

Ayeni also stated that Okunbo mismanaged the funds of the company and also diverted the company's money.

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Investopedia

Google Could Be Teeing Up Its Largest Acquisition Ever

~0.8 mins read

Google parent Alphabet (GOOG) is reportedly gearing up for $23 billion acquisition, the largest in the company's history.

Alphabet is near to a deal with Wiz, a cybersecurity software provider for cloud computing, according to thewhich cited anonymous sources close to the deal Sunday. The deal would shore up Alphabet's presence in the cyber security and cloud computing space.

The tech giant has spent big money to catch up to its peers in that sector. If the deal goes through, Wiz would join Mandiant in Alphabet's cybersecurity business. The Mandiant deal was another record-breaking deal for the tech giant, clocking in at $5.4 billion and second only to Alphabet's purchase of Motorola Mobility for $12.5 billion.

Alphabet's cloud business accounted for $9.5 billion of revenue in its first fiscal quarter and CEO Sundar Pichai said the company's cloud business is "now widely seen as the leader in cybersecurity."

The company will report earnings for the second quarter on July 23.

Do you have a news tip for Investopedia reporters? Please email us at [email protected]

Read more on Investopedia

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Emmie

How To Make Money Using Facebook For Free! Very Simple But Works!!

~1.5 mins read

There are so many ways you can make money online by using facebook for free, but i will just reveal one of the methods in this article today.

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I know some questions reflecting in your mind right now. You probably must be asking yourself, does this method work it my country? Do I need any skill to get started? what if it requires initial income? Don't worry yourself the good news is that it works for all the country, it does not require any difficult skill to get started the only skill needed here will be thought in this article as you continue reading it. For me, i call it tricks and not skills. And lastly, it requires no initial income and all you need is just a mobile phone or a computer with an internet access.

This method of making money online by using facebook will require steps to follow and get it done and i will discuss it in this article one-by-one.

Step 1: visit IDPLR.COM and signup for free membership plan, it is a website the offer free downloadable ebooks and courses.Download any ebooks or courses of your desire niche.

Step 2:visit payhip.com and signup for free, it is a page that offers digital marketers with free e-store to sell their digital downloads. signup too and design it as you like it and upload your digital downloads, then set a price for it get a link.

Step 3:signup to your facebook page and join groups that are related to your eBooks niche. Then start posting, comment, provide values to the groups and link to your digital downloads for more information. A lot of people will review your eBooks and some Will Buy it. You can also advertising your products on social media and Google Ads (ie. PPC) to get more clicks and more sales.

Step 4:You get paid via paypal account.. many Nigerians have been complaining that the don't know how to create a business paypal account that works (send and receive money to Nigeria local banks). If you don't then, search our channel (Global Online Money TV) on youtube and learn it yourself.

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Thankgodma

New Chinese Space Plane Landed At Mysterious Air Base, Evidence Suggests

~3.7 mins read

A commercial satellite photo may reveal a new Chinese space plane just moments after it landed at a remote site on the western side of China.

The photo, which is too low resolution to be conclusive, was snapped by the San Francisco-based company Planet. It shows what could be the classified Chinese spacecraft on a long runway, along with several support vehicles lined up nearby.

Terse statements by China's official Xinhua news agency said only that a Long March 2F rocket had carried a "reusable experimental spacecraft" into orbit and that the launch and landing were successful. The landing took place on Sept. 6 at almost the exact time the photo was snapped by the passing satellite.

A photo snapped by a passing commercial satellite shows objects on the airstrip at 10:11 a.m. local time on Sept. 6, just minutes after a scheduled landing would have occurred.

Photo by Planet Labs Inc. Annotations by NPR.

"I'm reading a lot into a few little dots," admits Jonathan McDowell, an astronomer with the Harvard-Smithsonian Center for Astrophysics, who diligently tracks spacecraft and satellites. But, he says, the photo, combined with other circumstantial evidence, such as the new spaceship's orbital path, strongly suggests that China has launched and landed a small, uncrewed, space-shuttle-like vehicle. "The information sort of all hangs together now that this was a test of something, probably a space plane, that made a winged reentry and landed on the runway," he says.

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The new spaceship took off on Sept. 4 under unusually heavy secrecy compared with other recent Chinese space missions.

China Becomes First Country To Land On Far Side Of Moon, State Media Announce

SPACE

China Becomes First Country To Land On Far Side Of Moon, State Media Announce

"They didn't give a launch time. They didn't give any more details," McDowell says. The U.S. military picked up the new spacecraft on its tracking network, and McDowell and others quickly plotted its orbit. When they did so, they found that China's new craft passed over a secretive military facility: an area called Lop Nur where China once tested its nuclear weapons.

In 2016, China constructed an enormous 5-kilometer (3.1-mile) runway at the site. The new spacecraft's orbit passed directly over the runway, which was aligned with its path.

On Sept. 6, China announced that the spacecraft had returned to a "scheduled landing site."

"The ground track around the time of landing suggested that it might have landed at this mysterious new air base," McDowell says.

Sure enough, McDowell found that the spacecraft would have been able to land on the runway at around 10 a.m. local time (2 a.m. UTC). The fuzzy Planet image, snapped at 10:11 a.m. local time, would have been taken just moments after such a landing.

The new spacecraft is likely much smaller than the U.S.'s space shuttle, which launched using rockets and then glided back to Earth. Instead, McDowell and others think the new Chinese vehicle probably resembles a robotic spacecraft called the X-37B. The X-37B has been operated by the U.S. Air Force for about a decade.

So why might China now be getting into space planes?

"It's a great question," says Brian Weeden, director of program planning for the Secure World Foundation, which advocates for the peaceful use of space. "We're not even really sure why the U.S. military is pursuing a space plane."

The U.S. X-37B program remains highly classified. Weeden says he believes it is being used to test new sensors and systems for the military.

"If you can fly some of that technology in space, let's say in the payload of a reusable space plane, that could give you a better feel for how it might react [once it's in orbit for good]," Weeden says. Other possibilities include the ability to launch satellites quickly and to test robotic systems for autonomous maneuvers and landings.

The U.S. Air Force has been sending the X-37B robotic spacecraft into space for over a decade. Its missions remain classified.

U.S. Air Force

McDowell says that space planes, which reenter Earth's atmosphere at many times the speed of sound, could also potentially aid the development of hypersonic weapons. But he believes China's motivation could be as simple as wanting to duplicate U.S. military capabilities.

" 'If the Americans have one of those, there's got to be a good reason for it, so we better get one too,' " he says. Such thinking drove the Soviet Union to develop a copy of the U.S. space shuttle in the 1980s, though it never got much use.

The landing of this space plane — or whatever it was — is just the latest success for China. It recently completed its own satellite navigation system, and it has a robotic mission going to Mars and several probes on the moon.

"China is firing on all thrusters in space," McDowell says. "I think that this is just one more reflection of that."

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Zenith Bank CEO, Ebenezer Onyeagwu, Acquires More Shares Worth N112 Million In Lender

Google Could Be Teeing Up Its Largest Acquisition Ever

How To Make Money Using Facebook For Free! Very Simple But Works!!

New Chinese Space Plane Landed At Mysterious Air Base, Evidence Suggests