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29-September-2023

Mohbad: Sam Larry in Police Custody

By Dipo Olowookere A showbiz promoter, Mr Balogun Olamilekan Eletu, otherwise known as Sam Larry, is now in the custody of the Nigeria Police Force (NPF). The spokesman for the Lagos Command of the police, Mr Benjamin Hundeyin, confirmed this development in the wee hours of Friday. Sam Larry has been linked with the death of a fast-rising musician, Ilerioluwa Oladimeji Aloba, professionally known as Mohbad. The singer died in a controversial manner on September 12, 2023, and was also suspiciously buried in the Ikorodu area of Lagos. His death has generated global interest, with some people using his case

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21-September-2023

Nollytainment Creates NFT Collection for Nollywood Stars

By Modupe Gbadeyanka To immortalise iconic figures in the Nigerian movie industry fondly called Nollywood, a US-based entertainment outfit, Nollytainment Incorporated, is creating an NFT Collection through Nollywood Superstars NFT Collection. A statement from the organisation said three superstars in the industry have been pencilled down for this and they are Kate Henshaw, Richard Mofe Damijo (RMD), and Odulade Adekola. It was disclosed that the NFT Collection would be unveiled on Sunday, October 1, 2023, a day set aside to celebrate Nigeria’s independence. On that day, 1,000 of these exquisite Nollywood super digital NFTs will be distributed for free to

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19-September-2023

2023 GTCO Fashion Weekend Holds November

By Modupe Gbadeyanka The 6th edition of the prestigious GTCO Fashion Weekend has been fixed for November 11 and 12, 2023, a statement from the organisers, Guaranty Trust Holding Company (GTCO) Plc, has disclosed. The event is one of the most anticipated in the African showbiz calendar because it provides an avenue for stakeholders from far and near to network and get the latest trends in the fashion industry. In a statement made available to Business Post on Tuesday, it was disclosed that the GTCO Fashion Weekend would take place at the GTCentre on Plot 1, Water Corporation Drive, Oniru,

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19-September-2023

Sanwo-Olu Invites DSS to Investigate Mohbad’s Death

By Adedapo Adesanya The Governor of Lagos State, Mr Babajide Sanwo-Olu, has invited the Department of State Services (DSS) to join the investigation into the death of Nigerian music star, Mr Ilerioluwa Oladimeji Imole Aloba, otherwise known as Mohbad. The Nigeria Police Force is already looking into the circumstances surrounding the demise of the fast-rising star, whose death is generating reactions across the world. The introduction of the secret police, according to the governor, is to support its sister agency. In a statement on Tuesday morning, Mr Sanwo-Olu said his administration has been closely working behind the scenes with relevant

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12-September-2023

Nigerian Music Star Mohbad Dies at 27

By Modupe Gbadeyanka A Nigerian musician, Ilerioluwa Oladimeji Aloba, otherwise known as Mohbad, has reportedly died at age 27. The death of the fast-rising Afrobeats star was announced on Tuesday, with his colleagues in the music industry reacting to the news of his demise. The deceased was formerly signed by Marlian Records, owned by popular and controversial Nigerian street-hop artist, Naira Marley. He left the entertainment outfit in 2022 after some controversies regarding how he was allegedly treated badly. Before his death, he had hit singles like KPK (Ko Por Ke), Ponmo, and Feel Good. At the time of filing

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12-September-2023

Lagos Shuts Down Eight Nightclubs, Event Centres

By Modupe Gbadeyanka Eight nightclubs and event centres within Ikeja and Victoria Island have been sealed by the Lagos State government over safety violations. A statement by the Lagos State Safety Commission disclosed that the affected facilities were shut down to ensure the safety of lives and properties in the metropolis. A few facilities accused of contravening the state’s safety laws were Hot Box Night Club, Shades Night Club, Buzzbar, and CCX Lounge. The Director General of the agency, Mr Lanre Mojola, said the administration of Governor Babajide Sanwo-Olu has zero tolerance for violation of safety laws and will continually

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11-September-2023

Rema’s Calm Down Hits One Billion Streams on Spotify

By Dipo Olowookere A fast-rising music act in Nigeria, Divine Ikubor, professionally known as Rema, has achieved a remarkable milestone with his hit single, Calm Down. The smash-hit song has recorded one billion streams on the prominent audio streaming platform, Spotify, joining the prestigious Billions Club of the company, the first African artist-led track to achieve such. “It’s a blessing,” Rema enthused, emphasising that, “It’s not just a big win for me, my team and my family; it’s also a big one for the culture.” The singer, who disclosed in March that he abandoned his admission to the University of

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06-September-2023

Airtel Nigeria Proud to be Associated with Asake

By Modupe Gbadeyanka More encomiums have continued to pour in for fast-rising musician, Asake, who was named as the winner of the Album of the Year award at the 16th edition of The Headies. The singer also clinched the coveted Next Rated Award at the event, which took place on Sunday, September 3, 2023, in Atlanta, the United States of America (USA). The headline sponsor of the Headies, Airtel Nigeria, while reacting to the award won by Asake, said it was glad to be associated with him, stressing that his quick rise to fame was commendable. “Considering the amazing quality

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05-September-2023

Nigerian Cinemas Generate N603.59bn in Ticket Sales in August

By Adedapo Adesanya The Cinema Exhibitors Association of Nigeria (CEAN) has confirmed that it generated N603,588,722 from tickets sold across the country in August, 20.1 per cent higher than the N482,528,117 total sales in July. This was disclosed by CEAN National Chairman, Mr Opeyemi Ajayi, on Tuesday. He said patronage at the cinemas in August was quite encouraging as 212,192 viewers were admitted into their facilities within the period under review, noting that there was a sporadic improvement in sales and visitors patronage in August as against figures recorded in July. He said, “August was quite a beautiful month. We

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29-September-2023

FG, States, Local Councils Get N1.1tn As September Allocation

By Adedapo Adesanya The Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion from the revenue generated by the nation in August 2023 for September to enable the three tiers of government; the federal government, states, and local government councils, to have funds to pay salaries and others. The allocation of the funds was confirmed by the Office of the Accountant General of the Federation on Friday following FAAC’s September 2023 meeting. According to a statement by the OAGF’s Director of Press and Public Relations, Mr Bawa Mokwa, there was “N1100.101 billion (N1.1 trillion) total distributable revenue.”

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29-September-2023

Erisco Product Reviewer Fights Back, Threatens 500m Suit

By Bliss Okperan A lady who reviewed a product of Erisco Foods Limited, Nagiko Tomato Mix, Mrs Chioma Egodi, has threatened to demand the sum of N500 million from the chief executive of the company, Mr Eric Umeofia, for violating her fundamental human rights. Mrs Egodi said she purchased the product at the market with the intention of using it to cook stew for her family. However, when she tasted it, according to her, it tasted too much sugar, prompting her to post about it on Facebook. It was reported that Erisco was not happy with the negative review. She

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29-September-2023

Scoring Success: How Data Analytics Revolutionizes Football Predictions Strategies

Data analytics is transforming football predictions as tools and techniques are consistently being designed to enhance accuracy and precision in football betting. In this article, we uncover the huge impact of data analytics in football betting. The Power of Data in Football Predictions In football betting, data analytics is used to collect, analyse, and interpret data to make informed predictions. This includes several metrics, such as player stats, team performance, head-to-head results, and external factors like injuries, fatigue, and weather conditions. Data analytics in football predictions is useful in the following ways:  Transforming Raw Data to Useful Piece of Information

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29-September-2023

Alleged Assault: Manchester United Recall Anthony to Squad

By Dipo Olowookere Brazilian winger, Anthony, is now eligible to make the Manchester United squad again, a statement from the football club has disclosed. A few weeks ago, the footballer was suspended by the English sports outfit over allegations of assault in his home country. His former girlfriend, Rosilene Silva, accused the footballer of assaulting her, prompting the police in Brazil to launch an investigation into the claims. The police in the United Kingdom also took an interest in the matter, forcing the Old Trafford team to ask Anthony to stay away from the team. In an update on Friday,

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29-September-2023

How to Find The Best Marine Insurance Provider For You

For maritime businesses, the stakes are high, and the seas can be unpredictable. Whether you own a shipping fleet, operate a fishing company, or oversee marine logistics, safeguarding your assets with the right marine insurance is prudent. It’s also essential for the sustainability of your enterprise. Here are some tips for how to find the best marine insurance provider. By following these strategic steps, you can ensure your business remains afloat, even in the face of unforeseen challenges. 1. Assess Your Maritime Needs The first crucial step towards securing the ideal marine insurance provider is a comprehensive assessment of your

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29-September-2023

Abdullahi Atewe, Emmanuel Dairo to Relaunch Future Brand Idol

By Adedapo Adesanya After a two-year hiatus, the prestigious Future Brand Idol (FBI), an advertising contest, is making a return on a bigger scale following a new partnership with Forbes Black Member community member, Mr Emmanuel Dairo. The competition, which seeks to discover and breed young creative talents in Nigerian tertiary institutions, has created top talents who have gone to explore new grounds in their respective endeavours. Through this newly forged relationship, the founder of the contest, Mr Abdullahi Ahmed Atewe, and Mr Dairo will be seeking to expand the horizon of the challenge to offer more value. This will

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29-September-2023

Oyedele Clarifies Transfer of Funds for Tax Reform Committee

By Adedapo Adesanya The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has cleared the air regarding recent reports on the transfer of funds to the Joint Tax Board (JTB) by the Federal Inland Revenue Service (FIRS) under the erstwhile chairman, Mr Muhammad Nami, for the tax reform committee. In a statement on Friday, he revealed that N5 billion was paid to the board to fund activities of the team set up by President Bola Tinubu, noting that “The committee’s budget includes provisions for a national Data for Tax project which the JTB had been

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29-September-2023

Lagos Shuts Down Alaba Market

By Bliss Okperan The Lagos State Waste Management Authority (LAWMA) has announced the immediate closure of the popular spare parts market, Ladipo Market, over an “unhygienic environment.” In a statement on Friday, the waste management agency said it shut down the market due to the unwholesome environmental practices by traders who refused to pay for waste services alongside the poor waste management. The Commissioner for Environment and Water Resources in Lagos, Mr Tokunbo Wahab, said the market would remain closed until the mandatory conditions of redress have been met by traders and market stakeholders. “It is imperative that markets in

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29-September-2023

Delisting: Capital Hotels Opens Escrow Account to Pay Off Minority Investors

By Dipo Olowookere The board of Capital Hotels Plc has announced the creation of an escrow account for the payment of about N1.6 billion to minority shareholders of the company. The hospitality firm is leaving the Nigerian Exchange (NGX) Limited after years on the nation’s main stock exchange. In a notice signed by Alex Ugwuanyi, the organisation said the account was created with CardinalStone Registrars Limited and has been sufficiently funded for payment “to shareholders” who “have accepted to exit” the firm by selling their holdings. Recall that in March 2023, shareholders of Capital Hotels approved the request of the

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29-September-2023

VFD Group Quits NASD OTC Securities Exchange After Delisting

By Adedapo Adesanya VFD Group Plc has been officially delisted from the NASD Over-the-Counter (OTC) Securities Exchange months after the proprietary investment company revealed its intention to list its stocks on the Nigerian Exchange (NGX) Limited. The bourse on Thursday confirmed the development in a notice seen by Business Post. “Pursuant to the company’s request to delist from the NASD OTC Exchange, we wish to inform you that VFD Group PLC shares will be delisted with effect from the close of business (COB) today, Thursday, September 28, 2023,” the notice read. Last Friday, after three years of trading on the