General
Ika Weekly Newspaper and a Catalyst for New Order
By Jerome-Mario Utomi
In the words of Ben Carson, a retired Director of Pediatrics Neurosurgery at John Hopkins Hospital and now a Washington Times Columnist and Fox News contributor, many people use the terms wisdom and knowledge interchangeably.
They are, however, quite different, and have in no way confers the other. Knowledge is familiarity with facts. The more knowledge one has, the more things one is capable of doing, but only with wisdom is one able to discern which of the many things they are capable of doing should be pursued and in what order.
Certainly, the above words/description fittingly captures the clarity of vision and singleness of purpose that set the stage for the advent of Ika Weekly Newspaper, a weekly tabloid published at Agbor in Delta State.
Established in 1989, the Ika Weekly Newspaper which currently operates both print and online, is, for the purpose of clarity, a community newspaper based in Agbor, owned by the Ewuru, Ika South Local Government Area, born publisher, Steven Ekiri-Mekiriuwa Ashien, a former newspaper vendor/bookseller.
Among other objectives, the newspaper was birthed to disseminate across the world news/ information that is Ika nation-specific, act as a vehicle for the propagation and promotion of Ika culture and tradition while recognizing/celebrating Ika sons and daughters that demonstrate uncommon talent in their various fields of endeavours. The newspaper’s interest/attention/focus was neither at war nor in conflict with any state, regional/provisional, or nationally owned newspapers.
While the above information is important as it provides relevant direction for understanding the origin of the newspaper, readers with critical minds may be tempted to put forward the following question; what is the kernel of this piece/ intervention?
Why is the author fixated with a community newspaper and not even a national one, at this critical time when Nigeria as a country is going through the pangs of insecurity and the masses weakened by economic crunch?
One possible answer to the above questions is that aside from the fact that the newspaper’s progress is a reflection of a leader’s search for new fields to increase the wealth, culture and socioeconomic wellbeing of his people, Ika Weekly Newspaper’s odyssey is laced with profound lessons to draw by the generality of mankind.
Media professionals/industry on their part has enough insight to gain from how Ashien’s grappled with the problems of self-reinvention in order to keep the news organization afloat.
Most superficially, similar to the knowledge of history which is useful to the scientist, the economist, or the student of literature or philosophy on the grounds that no science or art is static, the piece in a synoptic manner x-rays the account of problems faced by the publisher in his resolve to build the newspaper house and how he set about solving those problems after pondering on them and the limited options available. To ignore or misstate this account could lead one to wonder in a dilemma.
Let’s take a detailed look at the particulars of the above claim.
Very fundamental is Ashien’s early consciousness/understanding that economic principles of wealth development is very important for the oppressed communities and will go a very long way towards liberating them from the influence of the elite class, even more, is education, he set out to use the media as a vehicle to educate, enlighten and socially influence his people.
Now, this is the first lesson arising from the ‘self-inflicted responsibility’ of educating the people. The task came in double folds. As he (the publisher) bothers to educate the people, he seizes the opportunity to educate himself and exit being educationally disadvantaged.
Says a commentator, the amazing contradiction is that, with little formal education, the man now embodies what it means to be educated. He has read more than the self-acclaimed educated people. His fascination with philosophy has guided his reading habit well. You can be forgiven for doubting his claim of lack of proper education when you consider his proven editing skill and publishing track records. For a man who claims as I remember it, to have started his career as a newspaper vendor in Warri, he has totally reinvented himself and has made his mark in the world of letters.

Before you hastily conclude that things became rosy from this point, wait till you cast a glance at the next paragraph.
But as it is a trademark of many media organizations across the world, 16 weeks of initial publications the newspaper left the newsstand- a factor attributable to macro and uncontrollable reasons.
With the collapse of this effort which Mr Ashien had invested heavily, life again started to become very rough for him. Like many Nigerians at that time, the more he tried his hands on other ventures, the worst it became.
However, as a determined man who always thinks positively coupled with his love for education, he fell back on selling second-hand books, to the extent that he started travelling to Ghana to buy second-hand books which he was hawking from one higher institution in Nigeria to another.
The harder he tried, the more difficult things became.
At this time, Mr Steve Ashien became virtually housebound, lonely, and desolate because finding money to travel out of Agbor became extremely difficult.
But as someone that understands that courage faces fear and masters it while cowardice represses fear, and is thereby mastered by it, he neither allowed himself to be overwhelmed by the uncertainties of life nor lost the will to live.
Rather, on one particular day in 2007, he did something theatrical.
He suddenly decided to go back to Ika Weekly Newspaper publishing. The surprising things about this decision were that at that time, Mr Steve Ashien did not have any money to invest in his dream newspaper publishing.
Though a faith-based man who always put God first in all he does and whose habit of giving/generosity, many characterized as legendary. That notwithstanding, people who knew about his intention gave him neither the needed support nor a chance to succeed. They were sceptical about how possible it would be for him to do magic this time around.
But as native wisdom proclaims, ‘the protestation of the innocent chick does not prevent or stall the sacrifice. If anything, the protestations enriched the sacrifice and hasten its value and efficacy.
Likewise, the flood of oppositions did not stop Mr Steve Ashien from plunging into Ika Weekly Newspaper publication.
Rather, such doubt and oppositions acted as a tonic. He prayed to God for direction and held on to honesty as his hardest currency while working night and day, sleeping on the floor of his office in order to ensure that the Newspaper hits the newsstand.
As luck will have it, help however came from a few people who were ready to report, highlight, and analyse the current affairs/events and topical issues happening in Ika land that was of interest to the people, especially in the political and community leadership.
He promoted citizens/community journalism.
Clearly, a bracing account particularly as the newspaper has since then, remained uninterrupted at the newsstand for over years with workers’ salaries promptly and dutifully paid. Not even the dreaded outbreak of the coronavirus pandemic which disrupted millions of businesses across the world could halt its publication.
Also alluring is the awareness that the organization has grown into other areas of interest. For example, it established the St. Steven’s Library of congress- a resource centre for research and documentation of critical information, and study of Ika history, people, culture, and tradition. However, this library is no longer functional but the knowledge impacted on the general public is still cherished to date.
Despite these achievements, Ashien has refused to be seen. Instead, he opts to function like a cameraman who records events/successes without getting noticed.
But there exists a difference, and that is the fact that even in his ‘hiding’, he remains not just a shining star but a source of inspiration to the youths, a good ambassador of the Ika nation, and most importantly, a Catalyst for New Order. For its part, the newspaper has become a leading light reputed for filling the information gap in Ika Land.
Jerome-Mario Utomi is the Programme Coordinator (Media and Public Policy), Social and Economic Justice Advocacy (SEJA), Lagos. He could be reached via je*********@***oo.com/08032725374
General
DisCos Collect N196bn in March, Miss N50bn of Billed Revenue
By Adedapo Adesanya
Nigeria’s electricity distribution companies (DisCos) generated N196.13 billion in revenue in March 2026, despite billing customers a total of N246.43 billion during the month, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission (NERC).
The figure represents a slight decline from the N196.68 billion collected in February, highlighting persistent challenges in revenue recovery across the power distribution segment, even as energy supplied to the grid continued to improve.
NERC’s March 2026 fact sheet showed that electricity billing rose by 1.71 per cent from N242.29 billion recorded in February, reflecting increased energy deliveries and customer charges. However, collection efficiency declined to 79.59 per cent from 81.17 per cent in the previous month, indicating that a significant portion of billed revenue remained uncollected.
The regulator disclosed that DisCos received 293.76 million kilowatt-hours of electricity during the review period, representing a 6.02 per cent increase compared to February. The development suggests a modest improvement in power availability across the distribution network.
Despite the increase in energy supplied, revenue recovery remains uneven across the industry. NERC reported that the average approved tariff for March stood at N124.30 per kilowatt-hour, while actual collections averaged ₦100.75 per kilowatt-hour, resulting in an overall revenue recovery efficiency of 81.05 per cent.
Among the eleven DisCos, Ikeja Electric emerged as the strongest performer, posting a revenue recovery efficiency of 99.30 per cent. Eko Electricity Distribution Company followed with 95.73 per cent, while Benin DisCo recorded 85.18 per cent.
At the lower end of the performance table, Kaduna Electric recorded the weakest recovery rate at 35.65 per cent. Jos DisCo and Yola DisCo also struggled, achieving recovery efficiencies of 53.53 per cent and 58.58 per cent, respectively.
Ikeja Electric also led in collection efficiency with 96.38 per cent, ahead of Benin DisCo at 90.97 per cent and Eko DisCo at 87.68 per cent. Kaduna, Jos and Yola remained the poorest performers in this category, underlining the persistent commercial and operational challenges facing power distributors in parts of northern Nigeria.
In terms of billing efficiency, Eko DisCo ranked first with 92.30 per cent, followed by Port Harcourt DisCo at 90.36 per cent and Ikeja Electric at 87.76 per cent. Yola DisCo recorded the lowest billing efficiency at 58.68 per cent.
The latest figures underscore the mixed realities within Nigeria’s power sector. While electricity supply and customer billing continue to improve, revenue collection remains a major obstacle to the financial sustainability of the industry.
Analysts note that stronger metering penetration, improved customer confidence, reduction in energy theft and more efficient collection systems will be critical if DisCos are to close the widening gap between electricity supplied, billed revenue and actual collections.
The March performance report comes as regulators and industry stakeholders intensify efforts to strengthen the commercial viability of the electricity market, attract fresh investment and improve service delivery across the country.
General
Interswitch Adopts Temenos Platform to Deliver Banking Services to African Lenders
By Adedapo Adesanya
Interswitch has entered into a partnership with Geneva-headquartered banking software provider Temenos to offer managed banking services to financial institutions across the continent, deepening its push into banking technology.
The partnership will see Interswitch adopt Temenos’ banking technology across core banking, digital banking, payments, wealth management, and financial crime management.
This will enable the firm to provide cloud-hosted and on-premises managed services to lenders on the continent. The service will initially target Nigeria, Ghana, Côte d’Ivoire, Kenya, and other African markets.
“This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa,” Mr Jonah Adams, managing director for Digital Infrastructure and Managed Services at Interswitch, said in a statement.
By combining Temenos’ software with its existing footprint across the continent, Interswitch is positioning itself as a technology partner that can help banks upgrade critical systems without having to manage the complexity of large-scale technology deployments.
“By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets,” Mr Adams added.
For Temenos, the deal strengthens its presence in Africa through a partner with deep relationships across the banking sector. It lost one of its banking customers, Sterling Bank, in 2024 after the tier-2 Nigerian bank switched to SEABaaS, a new custom-built core banking application.
“Interswitch is an important new customer and partner for Temenos in Africa,” said Mr William Moroney, Chief Revenue Officer at Temenos. “Interswitch’s strong presence across the continent also extends our reach and further strengthens our ecosystem and partner network.”
Founded in 2002, Interswitch built its reputation as one of Africa’s largest payments companies through products such as Quickteller and Verve, its domestic card scheme.
General
TGI Group, Wilmar to Form $12bn West Africa Food Giant in Major Merger
By Adedapo Adesanya
Tropical General Investments (TGI) Group and Singapore-based Wilmar International have agreed to combine their Nigeria and Republic of Benin operations into a 50:50 joint venture aimed at building a dominant integrated food and agribusiness platform across West Africa, targeting a market estimated at $12 billion.
The proposed merger will consolidate operations across several value chains, including agriculture, oil palm plantations, edible oils, edible nuts, rice, food manufacturing, and distribution, creating one of the region’s largest end-to-end food production and supply chains.
Under the arrangement, both firms will integrate their complementary strengths, with Wilmar contributing global expertise in palm oil, speciality fats, and large-scale agribusiness operations, while TGI brings established local manufacturing capacity, consumer brands, and an extensive distribution network across Nigeria and neighbouring markets.
Chairman and Chief Executive Officer of Wilmar International, Mr Kuok Hong, said the partnership would enhance both firms’ ability to serve Africa’s expanding consumer base, describing Nigeria and Benin as strategic growth markets.
“For more than four decades, TGI Group has built a leading position in Nigerian food manufacturing and distribution. This partnership will leverage Wilmar’s global scale and expertise as well as TGI’s local knowledge to deliver innovative food solutions across Africa,” added TGI Group founder and chairman, Mr Cornelis Vink.
On his part, Vice Chairman of TGI Group, Mr Farouk Gumel, said the deal reflects confidence in Nigeria’s long-term economic prospects, adding that it would deepen domestic value addition, strengthen food security, support smallholder farmers, and create jobs.
Adding his input, Wilmar’s Africa Head, Mr Santosh Pillai, described the transaction as a strategic fit, noting that the combined entity would have the scale, local insight, and operational depth needed to better serve consumers in the region.
The companies said the transaction is expected to be completed in the 2026 financial year, subject to regulatory approvals and other customary conditions.
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