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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.
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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.
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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.
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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
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Vol. 5 No. 17 Sept. 27-Oct. 3, 2006
Vol. 6 No. 15 November 17, 2007 EDITION...Of Truth and Excellence
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