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COMPANY PROFILE

Towers & Towers Communications Limited was incorporated in Nigeria under the Companies Allied Matter Decree 1990 on December 24, 1997. It is a private company limited by shares. It set out to engage in, among other things, the business of printing and publishing of newspapers, magazines, periodicals, journals, books, cards and all other pulp and paper products. The company certificate number is RC. 328850.

The initial Share Capital of the company was One Hundred Thousand Naira (N100,000.00) divided into 100,000 ordinary shares of N1.00 each, with power to increase the capital and to divide the capital, for the time being, into several classes, and to attach thereto any preferential, deferred, qualified or special rights, privileges or conditions.

The company took off with two Directors namely; Messrs Wasiu Oladipupo Sanusi and Imran Sanusi subscribing to 50,000 and 10,000 shares respectively, leaving 40,000 unissued shares.

 

 

 

YOBE NEWS

The company began business with the establishment of a state-wide newspaper called YOBE NEWS based in Damaturu, Yobe State capital in the North-Eastern region of Nigeria in July 1995, about 3 years before the company’s incorporation.

It is pertinent to add that the newspaper is an initiative of the company’s brainchild and initial sole owner of Towers & Towers Communications Limited - Mr Wasiu Oladipo Sanusi.

Sanusi, a Yoruba man from Ibadan, Oyo State in the South-West of Nigeria was on one year compulsory national youth servive scheme for graduates in far away Yobe State when he designed and produced the newspaper. It was his personal community development service (CDS) project.

CDS is an integral part of the National Youth Service Corps programme aimed at instilling, in Nigerian youths, the spirit of self-help, self-reliance, dignity of labour and selfless service to fatherland.

The young youth corps member, whose idea of creating and promoting a culture of awareness among the people of the rural state, was awarded both state and national laurels, eventually transformed the project to a business venture.

His was a classical example of selfless service to fatherland which literally turned to self help, an idea the government was trying to promote among young graduates to battle the scourge of surging unemployment in the country.

Six years into the business of newspapering, the young entrepreneur, desirous of expanding his scope of operation, succumbed to the pressure from potential investors who were convinced by the steady growth of the humble project. Hence the need for an increase in share capital from its initial 100,000 registered in 1997.

 

 

The MARK

Five new directors joined the company and its share capital increased to 7 million ordinary shares at N1.00 each. All the assets, tangible and intangible, of YOBE NEWS were taken over by the newly registered The MARK Newspaper. The first edition of The MARK hit the news-stand across six states in the North-Eastern Nigeria on January 1, 2002.

The tabloid was planned to be a national newspaper. However, due to paucity of fund all directors agreed to a gradual but steady growth from its regional status. Four years after its birth, The MARK publishes news items, including politics, crimes, sports, education, science, religion, interviews and feature articles from across the country while its circulation covers 24 states of Nigeria.

 

What women do to get extra money from their husbands

Women often devise many ways to get money from their husbands. Since the family’s wants and needs cannot be met in toto, the madams sometimes, in a tricky but harmless  means, look for ways to close the gap. TALKSHOP

          Vol. 5 No. 17 Sept. 27-Oct. 3, 2006

                  

Vol. 6 No. 15 November 17, 2007  EDITION...Of Truth and Excellence