Dipo Olowookere
By Dipo Olowookere
A prolific filmmaker and showbiz personality, Ms Kemi Adetiba, has expressed optimism that in the nearest future, entertainment companies will be on the Nigerian Exchange (NGX) Limited.
According to her, the platform has done well to provide an avenue to attract entertainment outfits and expose them to an array of investors, including institutional and offshore investors, to raise funds to finance their projects.
Ms Adetiba is one movie maker that has enjoyed the benefits a global platform offers to promote her works. Her flicks have enjoyed massive views on the global streaming channel, Netflix, and this has raised her status among local filmmakers.
Business Post reports that n the last trading session of 2022 at the stock exchange, she was invited to close the market at a closing gong ceremony.
During the event, which had in attendance a veteran actor, Sola Sobowale, she disclosed that the Nigerian showbiz industry was big enough to have at least a member on the stock exchange, noting that she looks forward to the “day when players in the entertainment industry get listed on the NGX.”
The director of King of Boys and Wedding Party used the occasion to commend the bourse for maintaining its strong performance and “a vibrant capital market that continues to provide individuals and government with the capital that is required for business, investment, and economic growth.”
In his remarks, the chief executive of the NGX, Mr Temi Popoola, showered praises on the founder of Kemi Adetiba Visuals for her exceptional contributions to the entertainment industry.
“Kemi Adetiba has truly put Nigeria on the map with her incredible movie successes.
“We’re excited to explore partnerships with the entertainment industry to catalyse its growth and bring even more success to the country,” he said.
In the year, which was laced with several economic challenges, the local stock exchange closed with a positive 19.98 per cent return, partly boosted by “several landmark listings in equity and fixed income, including BUA Foods and Geregu Power, which have played a key role in driving growth in the market this year,” according to Mr Popoola.
