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May and Baker Nigeria Plc appoints Daisy Danjuma as a Director

Phamaceutical firm, May and Baker Plc has disclosed the appointment of Senator Daisy Ehanire Danjuma as its new Non-Executive Director.



Senator Danjuma, May and Baker Plc

Senator Daisy Ehanire Danjuma has joined a pharmaceutical firm, May and Baker Nigeria Plc as a Non-Executive Director. The company resolved to appoint Danjuma at its Board Meeting held on Thursday, May 30, 2019.

Danjuma’s appointment was disclosed in a notification addressed to the Nigerian Stock Exchange (NSE), the company’s shareholders and the investing public at large.

[READ MORE: May and Baker Plc says it could pay dividends despite difficult year]

Profile: Senator Danjuma was born on the 6th of August 1952 in Benin City, Edo State. She is a law graduate of the Ahmadu Bello University, Zaria, with almost 40 years post-call experience.

Senator Daisy Ehanire Danjuma, May and Baker Plc

Senator Daisy Ehanire Danjuma

Danjuma worked as a State Counsel in the Lagos State Ministry of Justice’s, Directorate of Public Prosecutions (DPP), a pioneer legal counsel to the Legal Aid Council. She was the Company Secretary/Legal Adviser of Nigerian Television Authority (NTA) from 1982 to 1992.

The newly appointed Director of May and Baker Plc was elected Senator of the Federal Republic of Nigeria, and served from 2003 to 2007. While in the Senate, she was a member of the Commonwealth Parliamentary Association (CPA) and Chairman, Women and Child Rights Committee of the Economic Community of West African States (ECOWAS Parliament).

She also served as the Chairman, Senate Committee on Women Affairs and Youth Development. She was a Member, Senate Committees on Health, Education, Finance, Land and Transport of the National Assembly.

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Danjuma served as the Chairman of South Atlantic Petroleum Limited from 1999 to 2003.

[READ ALSO: NAHCO Aviance Plc appoints new Chairman]

She is an alumnus of the Lagos Business School, a member of the International Bar Association (IBA), a member of the Nigerian Bar Association (NBA) and the International Federation of Female Lawyers (IFFL).

Danjuma is a Trustee of the Obafemi Awolowo Foundation and H.I.D Awolowo
Foundation. She is the Chairman, Board of Trustees of Lagos Public Interest Law Partnership, and currently the Executive Vice Chairman of South Atlantic Petroleum Limited.

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ).Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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Tech News

Twitter CEO auctions his first-ever tweet on Twitter, bidding at $2.5 million

Jack Dorsey is auctioning his first-ever tweet on a website that sells tweets as non-fungible tokens.



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Twitter CEO, Jack Dorsey is auctioning his first-ever tweet on Twitter “just setting up my twttr” on a website that sells tweets as non-fungible tokens (NFTs).

The tweet was listed for sale on ‘Valuables by Cent’ – a tweets marketplace that was launched three months ago. The tweet was first made in March 2006

The tweet received offers as high as $88,888.88 within minutes of Jack tweeting a link to the listing on” Valuables by Cent” on Friday.

Currently, bidding has reached $2.5 million (€2.1 million) indicating the potential in selling virtual objects that have been authenticated through blockchain technology.

The highest bid for the tweet — $2.5 million — came from Bridge Oracle CEO Sina Estavi. It topped cryptocurrency pioneer, Justin Sun’s $2 million bid.

The final buyer of the tweet will receive a certificate, digitally signed and verified by Jack Dorsey, as well as the metadata of the original tweet. The data will include information such as the time the tweet was posted and its text contents. Most of this information, however, is already publicly available.

According to Valuables by Cent’s terms, 95% of a tweet’s sale will go to the original creator while the remainder will go to the website.

What you should know

  • NFTs is a unique digital certificate that states who owns a photo, video, or other forms of online media.
  • Dorsey’s 15-year-old tweet is one of the most famous tweets ever on the platform.
  • Bidding had reached $2.5 million (€2.1 million) on Saturday, indicating the potential in selling virtual objects that have been authenticated through blockchain technology.
  • More people are currently bidding their tweets on the platform.

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Stock Market

Bamboo’s current rate for buying U.S Stocks weakens to N492/$1

Bamboo is currently offering its users a premium of more than 20% compared to the official exchange rate.



The fast-rising Nigerian stock broking application, Bamboo, is currently offering an exchange rate of N492 to the dollar.

About two weeks ago,  the Nigerian stock trading app offered an exchange rate of about N484 to $1.

The green-colored trading app known for allowing local-based Nigerians to invest in stocks listed on the world’s biggest stock market (New York Stock Exchange and NASDAQ) is currently offering its users a premium of more than 20% compared to the official exchange rate set by the Nigerian apex bank.

READ: Nigerian Bitcoin P2P surges by 15% since CBN Crypto ban

That being said, Nairametrics’s most recent research observed Chaka. ng offers the lowest exchange rate charge of N480 to 1$, other Nigerian-based stock trading apps that include Trove and Risevest currently offer their clients N491.68 and N486 to $1 respectively.

In addition, other leading fintech platforms reviewed by Nairametrics also presently offer exuberant rates as high as about N519 to a dollar, thereby adding more transaction costs on a significant number of Nigerians hoping to trade such financial assets.

A growing number of Nigerians are currently increasing their exposure to the U.S stock market taking to the current bearish trend that is being witnessed in the Nigerian Equity market and growing urge in hedging against the weakening local currency.

Consequently, a lot of Nigerians are flocking the New York Stock Exchange (NYSE) on the account it has about 2,800 companies listed, while the NASDAQ has about 3,300 stocks listed. This gives Nigerian investors numerous options where they can invest their money. It is also why the US economy attracts billions of dollars in portfolio investments annually.

READ: Many Nigerians are trooping into foreign stock markets

Bamboo is an investment platform that gives Africans real-time access to invest in or trade over 3,500 stocks listed on the American and Nigerian exchanges right from their smartphones or personal computer.

In partnership with US-based Drive Wealth LLC, Bamboo provides seamless, secure access to US and Nigerian securities.

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