AFRIMA Expands Award Categories for 2021 Edition

From the battle of power and dominance in Slum King to the thrilling heists and betrayals in Chronicles and the heartwarming tales of friendship and ambition in Moments, the new series on Africa Magic Showcase has everyone in a chokehold with their compelling stories. To make this entertainment extravaganza even more exciting, MultiChoice in celebration of Africa Magic’s 20th anniversary is providing GOtv Supa subscribers unrestricted access to GOtv Supa+ throughout November. Here are some of the shows to watch out for. Slum King: Edafe, who has spent 15 years in prison and is now facing a death sentence following

By Adedapo Adesanya  The African Export-Import Bank (Afreximbank) is establishing a $1 billion African Film Fund in 2024 to support the continent’s movie industry. This information was disclosed by the Executive Vice President for Intra-African Trade Bank at Afreximbank, Mrs Kanayo Awani, in Cairo, Egypt, during her address at the opening of the 2023 Creative Africa Nexus (CANEX) Summit held as part of the third Intra-African Trade Fair (IATF2023). IATF2023 is Africa’s largest trade and investment fair opened yesterday and will run till November 15, 2023. Mrs Awani said that the fund would oversee film financing, co-finance with large studios,

By Bliss Okperan The Edo State Governor, Mr Godwin Obaseki, has wished Afrobeats singer, Divine Ikubor, popularly known as Rema, a speedy recovery. In a message via his X (formerly Twitter) handle on Thursday, the Governor said the people of Edo State, where the singer hails from, are proud of him and remain behind him every step of the way. “We are extremely proud of you and remain behind you every step of the way,” a part of his post read. Mr Obaseki said the remarkable achievements of the artiste “over the years fill us with immense pride and joy.”

Afro-pop songstress Abigail Chams (real name Abigail Chamungwana) continues to collect accolades. Following her nomination in 2022 for the Emerging Artist award at the Tanzania Music Award, she closes 2023 as the Spotify EQUAL Africa ambassador for the month of December. The prodigiously talented Abigail, or Abby, as she is often referred to, is a multilingual singer who performs in Swahili, French and English. She is also a multi-instrumentalist who plays five musical instruments, the violin, piano, guitar, flute and drums. The Nani hitmaker was born into a family with a musical heritage where her grandfather directed an orchestra and

By Dipo Olowookere Publisher of Premium Times, Mr Dapo Olorunyomi, has been granted bail by the police after he was arrested on Thursday evening at the paper’s office in Abuja. Mr Olorunyomi was apprehended today alongside the newspaper’s judiciary correspondent, Ms Evelyn Okakwu, over their stories on the Nigerian Army and the Chief of Army Staff, Mr Tukur Buratai. They were taken away by plain-clothed policemen based on petition to the police reportedly by the army chief. But later in the evening, the two journalists were granted bail by the police and told to report at the FCT Police Command

By Investors Hub The major U.S. index futures are pointing to a mixed opening on Thursday, as the Dow futures are up by 58 points but the Nasdaq futures are down by 53 points. A notable decline by Facebook (FB) is likely to weigh on the Nasdaq after the social media giant reported better than expected second quarter earnings but weaker than expected revenues. Stocks showed a strong move to the upside during trading on Wednesday, as traders reacted positively to a report about President Donald Trump securing concessions from Europe. The major averages climbed to new highs for the

By Modupe Gbadeyanka Treasury bills worth N294.5 billion will mature this week via the secondary market, which are expected to bring relative ease in the financial system liquidity with resultant moderation in interbank rates as primary market auction by Central Bank of Nigeria is not expected this week. Last week, the CBN auctioned treasury bills worth N206.94 billion via the primary market and the stop rates for the auctioned T-bills increased for all maturities: the 91-day, 182-day and 364-day stop rates rose to 11 percent from 10 percent, 12.30 percent from 10.50 percent and 13.05 percent from 11.22 percent respectively.

By Aduragbemi Omiyale The Nigerian Communications Commission (NCC) has confirmed the payment of $547.2 million by the duo of MTN Communications Nigeria Plc and Mafab Communications Limited for a 5G spectrum licence. Recently, the industry regulator auctioned the 3.5 Gigahertz (GHz) spectrum licence, which was won by MTN and Mafab, with Airtel Nigeria Limited bowing out. They were given some weeks to make payment for the licence. In a statement issued on Friday, the Director of Public Affairs of the NCC, Mr Ikechukwu Adinde, it was disclosed that the two companies paid the full fee of $273.6 million each. “I

By Dipo Olowookere The National Council of the Nigerian Stock Exchange (NSE) has given Transcorp Hotels Plc till October 2023 to comply with the 20 per cent free float. The three-year extension is to avert the possible banning of the shares of the company on the exchange’s trading platform because of the violation of one of the listing rules. Business Post reports that companies trading their stocks on the NSE are required to allow 20 per cent of their shares to be with the investing public. According to the rules, failure to adhere to this can force the exchange to

By Modupe Gbadeyanka No fewer than 12 criminal operations trading in counterfeit cartridges for HP printers have been closed down by security operatives in Nigeria. This was made possible by the determination of HP, the trusted name in the printing industry, in pinpointing these criminals to police for appropriate action. Recently, police officers raided many premises across Nigeria, including Abuja, Lagos, Edo State and Rivers State. The sites raided included outlet stores and hidden manufacturing sites for fakes. In total, the authorities confiscated 67,000 illicit printer cartridges. Speaking on the development, Director of Global Anti-Counterfeit Programme at HP, Mr Glenn

By Modupe Gbadeyanka The sum of N774 million has been disbursed to no fewer than 310 beneficiaries of the Youth Innovative Entrepreneurship Development Programme (YIEDP). The money was given by the Central Bank of Nigeria (CBN), Heritage Bank Plc and the National Youth Service Corps (NYSC). Heritage Bank, which is Nigeria’s most innovative banking services provider, was lauded for its painstaking effort to buy into the vision of job creation and piloting the programme to a successful stage. Governor of the CBN, Mr Godwin Emefiele, speaking at the flag-off ceremony for the disbursement of funds to young entrepreneurs under the