6th AFRIMA Receives Highest Entries with 8157 Submissions

By Bliss Okperan One of Nigeria’s leading digital retail banks, Polaris Bank, is collaborating with Eventful Limited for the 2023 edition of Fashion Souk 9.0. According to a statement from the lender, the event is scheduled for the Harbour Point in Lagos on Saturday, December 2 and Sunday, December 3. Business Post reports that Fashion Souk is Nigeria’s premier marketplace where smart Small and Medium Enterprises (SMEs) in the industry gather to display and market their variety of goods and services to a large audience. “Over 140 established SMEs in Nigeria’s fashion industry, leather and jewellery/accessories sectors, spanning across manufacturers,

By Adedapo Adesanya Comedy and crime-based American TV show, Only Murders in The Building, has been ranked as the most anticipated TV show of the Fall of 2023, according to a new study shared with Business Post. Experts at ARKA conducted extensive research to uncover the most anticipated TV shows of Fall 2023. Google Keyword Planner was used to analyze search data, providing valuable insights into the level of interest in the upcoming TV series. The research also offers information on the genre, reasons behind their popularity, and their streaming platform. Only Murders in The Building, which features Steve Martin,

By Modupe Gbadeyanka A popular Nigerian movie actor, Mr Sylvester Made, has returned to Nigeria after he survived a fatal attack in Cameroon some days ago. The Nollywood star had travelled to the neighbouring country for a movie job when some hoodlums attacked a fun spot where he had gone after shooting a film in the Bamenda region of Cameroon on Monday, November 25, 2023. It was gathered that the attackers stormed the location where the actor had gone to have fun after the day’s job and were asking for a settlement for bringing the Nigerian into the country. A

In the vibrant tapestry of African music, gospel holds a special place. Its soulful melodies and uplifting messages resonate deeply with listeners across the continent. American gospel music might have taken the forefront as a preferred source of inspiration for Gospel music lovers but African listeners are increasingly rediscovering and embracing their homegrown gospel sounds. African gospel music is deeply rooted in the cultural overtones and spiritual aspirations that arise from local communities. It incorporates local languages, traditional rhythms, and music styles that create an authentic sound that deeply resonates with African audiences. In recent years, African gospel music has

By Dipo Olowookere Chelsea FC star, Victor Moses, has been appointed as the brand ambassador for popular web browser, Opera, in Africa. This coincides with Opera’s recent announcement to invest $100 million in Africa over the next two years with the goal of strengthening the internet ecosystem in countries such as Nigeria. Opera recently launched its first nationwide TV and radio commercials to announce a faster and more affordable internet experience with the Opera Mini browser. Already airing in South Africa and Kenya, there will be a special version for Nigeria. Victor Moses will be challenging his on-field speed against

It is no secret that the Nigerian economy is in crisis. In the last six months, the official Nigerian currency, Naira, has fallen by almost 50% and there has been an increasing change in the price of goods and services. With pay increases lagging behind and the inflation soaring, the wallet of most Nigerians continue to take a beating as the cost of living increases in just about every aspect of daily life. Jumia Travel, Africa’s No.1 online hotel booking portal, lists the top 5 ways the crisis is affecting the everyday life of Nigerians. Decreased job opportunities From prospective

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and its allies led by Russia known as OPEC+  on Monday agreed to a marginal cut in crude oil production, ignoring calls for increases to tackle recent surges in energy costs. The oil producers will reduce output by 100,000 barrels per day, amounting to only 0.1 per cent of global demand, for October. The alliance also agreed they could meet any time to adjust production before the next scheduled meeting on October 5. OPEC+ said in a statement that Monday’s decision to revert back to August levels of production was

The Africa Property Investment (API) has released the top 10 deals that have taken place in Africa in the year 2019. The organisation is planning to hold a significant annual gathering of capital investors in African real estate at its 10th annual Africa Property Investment (API) Summit slated for October 2 and 3 in Johannesburg, South Africa. In a release, API listed the top property transactions carried out this year already and claiming the number one spot was Growthpoint Investec African Property Fund to acquire malls in Ghana & Zambia     Deal Size: Undisclosed     Centum RE & Nedbank ±$75M

By Adedapo Adesanya The Nigerian electricity improvement scheme between Siemens and the Nigerian government moved a step closer to being realised as the Federal Executive Council on Wednesday approved the payment of N8.6 billion to the company. A breakdown of the money shows that the sum of N6.9 billion (€15.21 million) as offshore and N1.7 billion onshore component represent Nigeria’s counterpart funding for the power deal with Siemens AG, signed by the Nigerian and German governments in 2019. The council also ratified the air transport agreement between Nigeria and the United States at its virtual meeting presided over by the

By Modupe Gbadeyanka The controversial MMM Ponzi scheme is presently being investigated by the Economic and Financial Crimes Commission (EFCC). This followed an order given to the anti-graft agency and the Central Bank of Nigeria (CBN) few days ago by the House of Representatives to crackdown on promoters of the scheme in the country. In a chat with Daily Post in Port Harcourt, Rivers State, spokesman of the EFCC, Mr Wilson Uwujaren, disclosed that the Commission has placed surveillance on the activities of MMM Nigeria investment scheme in the country. Mr Uwujaren, who spoke with Daily Post on the sidelines

By Modupe Gbadeyanka Visa has announced results of an independent study conducted by Roubini ThoughtLab and commissioned by Visa examining the economic impact of increasing the use of digital payments in major cities around the world. The study estimates that relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up to $470 billion per year across the 100 cities studied – roughly the equivalent to 3% of the average GDP for these cities. “Cashless Cities: Realizing the Benefits of Digital Payments”, is a unique study that quantifies the potential net benefits experienced

**Affirms Bank at ‘B-‘ With Outlook Stable By Modupe Gbadeyanka Renowned global rating company, Fitch Ratings, has disclosed that the financial metrics of Nigeria-based Wema Bank has remained weak despite meeting its strategic goals over the last three years. Fitch made this disclosure in a statement last week when it announced affirming the lender’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ and National Long-Term Rating at ‘BBB-(nga)’ with the outlook stable. The rating agency noted that Wema Bank’s core earnings remain low but are improving gradually, adding that its net interest income has benefited from Nigeria’s high-interest-rate environment (the policy