NLNG Corporate Teamwork banner First bank FinTech summit Fidelity bank card banner Emerald Energy Institute Camano banner

Jimoh Ibrahim’s Daily Newswatch unveiled

By News Express on 13/11/2012

Gmail icon

Views: 8,577


Those wondering what Daily Newswatch would look like need not wonder anymore. News Express can report this morning that the paper wears a soft look, with generous use of photographs and visuals, including on the front page. (Please see photo, courtesy of ThankGod Ofoelue’s Facebook page.)

Though Newswatch ran as a serious weekly magazine for 27 years (from January 28, 1985), News Express exclusively reported on November 1 that core investor Jimoh Ibrahim who bought 51 per cent of the shares last year but suspended operations last August 7, has turned it into both a newspaper and a magazine.

News Express can report this morning that – just as is the case with Ibrahim’s other newspaper, National Mirror, Newswatch newspaper shall appear seven days a week with the names Daily Newswatch, Saturday Newswatch and Sunday Newswatch.

The newspaper is currently under production and is expected to hit the market soon. It is operating from Broad Street on Lagos Island, where Ibrahim has his business headquarters and to which he transferred Newswatch after closing its erstwhile head office in Oregun, Ikeja, on Lagos Mainland, three months ago.

As previously reported by News Express, staffers of the newspaper assumed duties on November 1 while those of the magazine are to start later.

Newswatch, which blazed a trail in Nigeria and became an icon, was founded by four of the country’s finest journalists, namely, Dele Giwa, Ray Ekpu, Yakubu Mohammed and Dan Agbese. It fell on hard times years after Giwa’s death via parcel bomb (on October 19, 1986, apparently from the military government in power at the time), culminating in the decision to invite a core investor.

The founding directors (including Soji Akinrinade, a founding senior staff member who was later promoted to the board) however lost out in the deal after Barrister Ibrahim forcibly took full control of the enterprise in his capacity as the controlling shareholder.

The ownership tussle remains in court but Ibrahim can afford to continue operations having obtained a court order to restrain Ekpu and co from interfering in the running of the company.

Source News Express

Posted 13/11/2012 09:56:14 AM

 

 

CLASSIFIED ADS

 

You may also like...
Ghanaian President defends controversial U.S. military deal

Microsoft surges toward trillion-dollar value as profits rise...

Manhunt for cop who killed Malaysia returnee 2...

2019: CSO develops GPS tracker, app to monitor...

NSE market indices record 2.27 per cent growth...

Insecurity: Senate makes fresh demand from President Buhari...

Pharmacists Council seals 178 drug stores in Rivers...

APC’s axe dangles over Ex-Governor Kwankwaso

Damning revelations the beginning of the end of...

Fraud Trial: Supreme Court disappointed me —Saraki •Vows...

State of the Nation: No evidence Buhari is...

Army ceases fire as Zamfara Govt. dialogues with...

 

Latest News Why we can’t make public asset declarations of President, others — CCB Fear grips students as killers lay siege to Otuoke Varsity Notorious kidnapper, 16 others nabbed in Plateau Ihedioha, Okorocha in pension figure battle 3 fake journalists arrested in National Assembly trying to extort Petroleum Minister Sanwo-Olu, Okonkwo parley ASPAMDA, Trade Fair market leaders on infrastructure development Senate investigates N2.5bn NDDC contract inflation Magodo collapsed building: Lagos Govt marks over 100 houses for demolition Buhari orders forensic audit of NDDC operations from 2001 Oyo Governor unveils details of state security architecture •Set to launch vigilante services 35 killed in Saudi Arabia bus crash Delta NLC suspends minimum wage strike

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (551,284 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (447,481 views) Shameless Genevieve Nnaji exposes breasts in public (395,044 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (330,823 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (299,078 views) 10 cars more expensive than Jets (264,710 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (256,144 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (253,436 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (234,932 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (221,123 views) Lagos plane crash: Journalist releases victims’ names (198,620 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (195,831 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (105) Business & Economy (4,498) Business Verdict (85) Columnists (1,130) Complaints & Requests (96) Enterprise & Opportunities (217) Entertainment (690) Features (833) Global Business Monitor (466) ICT Monitor (66) International (4,086) Interview (204) Live Commentary (30) Love Matters (174) Maggie's Blog (448) News (52,761) Opinion (1,396) Pidgin (17) Politics (11,582) Religion (1,111) Sports (2,196) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera