City People Magazine Celebrates Islamic Singer Rukayat Gawat

Nollywood has numerous actors and actresses who wear different characters to entertain us in movies. The steady rise of Nollywood talents in recent years is remarkable, and this is down to the investment of platforms like Africa Magic in talent discovery and commissioning/licensing of movies and series that cast budding talents. In celebration of Africa Magic at 20, here is a list of renowned Nollywood telnets who rose to stardom on the Africa Magic platform: Tobi Bakre: He’s no doubt one of the hottest talents around at the moment. Tobi rose to stardom on one of Africa Magic’s reality TV

By Africa Magic 20 years, 7 channels and about N622.5 billion in investment in local content development. In 2003 we began our journey of telling authentic Nigerian stories with the launch of Africa Magic. We were intent on creating a platform where the everyday Nigerian could see themselves represented in relatable stories reflecting our cultures and life in Nigeria, told ‘by us, for us’ – the Naija way. Now, we celebrate an iconic milestone – celebrating 20 years of creating and telling original Nigerian stories, producing and licensing over 25,000 hours of authentic Nigerian content. Africa Magic launched as a

By Modupe Gbadeyanka A foremost pay-tv service provider in Africa, MultiChoice, has raised an alarm that its over $85 million investments in local content through Africa Magic are under threat from piracy. The Africa Magic channel airs movies produced by local filmmakers across the continent. MultiChoice said it pumped that amount of money into domestic content over the last few years to create opportunities for young creators to earn a living from their work and for Africa to tell its authentic stories. It noted that this was done through the production and acquisition of films promoting the African culture, but

People are finding new ways to live healthier, happier lives by addressing the various aspects of their health that they feel need improvement. Cannabis is slowly becoming more mainstream, and more people are seeking ways to reap CBD oil’s benefits. This oil, which stands for cannabidiol, has been proven to bring relief from several health conditions, including anxiety, neuropathic pain, chronic pain, and seizures. With that in mind, it states that CBD oil could get used as an effective treatment for acne! It can be used for topical applications, ingesting it orally as edibles or capsules, and even put on

By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated by 0.40 per cent last with the All-Share Index (ASI) rising to 47,328.42 points and the market capitalisation growing to N25.507 trillion. In the week, all other indices also finished higher with the exception of Asem, Meri Value, consumer goods, Lotus II, industrial goods and sovereign bond indices, which depreciated by 1.17 per cent, 0.34 per cent, 1.06 per cent, 0.07 per cent, 0.01 per cent and 0.02 per cent respectively, while the growth index closed flat. During the five-day trading week, investors transacted 1.7 billion shares worth N19.5 billion in

By Dipo Olowookere Nigerian Exchange (NGX) Limited has reviewed its market indices for half-year, with some companies exiting and joining a few of the newly rebranded key market indicators. Analysis of the results of the review showed that United Capital was included in the NGX 30 index, while 11 Plc was removed following its voluntary delisting from the exchange. In the NGX oil & gas index, 11 Plc was also removed as well as in the NGX pension index, which had Vitafoam Nigeria joining the fold. As for the NGX Lotus Islamic index, Presco and Nigerian Aviation Handling Company (NAHCO)

By Dipo Olowookere The Debt Management Office (DMO) has said Nigeria’s total public debt stock now stands at N22.38 trillion or $73.21 billion. The nation’s debt stock comprises external and domestic debts of the federal government, the 36 states of the federation and the Federal Capital Territory (FCT). In a statement issued by the debt office, it was disclosed that these figures were about the same recorded in June 2018. It was stated that the external debt declined by 2.02 percent to $21.592 billion largely due to the redemption by Nigeria of a $500 million Eurobond which matured on July

By Adedapo Adesanya The International Islamic Trade Finance Corporation (ITFC) has granted the sum of €20 million as part of efforts to continue its ongoing commitment to strengthen private sector development in Burkina Faso through its latest Murabaha financing agreement with Coris Bank International (CBI). ITFC, a member of the Islamic Development Bank Group, said the agreement is part of the West Africa SMEs Program, a flagship program of ITFC aimed at improving access to finance for SMEs in the region by providing them, as well as partner banks, with credit and capacity building facilities. It is estimated that SMEs

By Dipo Olowookere It was another day in red for the Nigerian Stock Exchange (NSE) as selloffs in highly capitalized stocks like Dangote Cement and MTN Nigeria pushed the market downward further by 0.66 percent on Thursday. The announcement of a N1 per share interim dividend by Stanbic IBTC Holdings for the half year ended June 30, 2019 did nothing to push the market northwards and at the close of day, the All-Share Index (ASI) went down by 181.45 points to settle at 27,425.57 points, while the market capitalization decreased by N88.3 billion to close at N13.342 trillion. Dangote Cement

By Adedapo Adesanya The Vice President of Nigeria, Mr Yemi Osinbajo, alongside Mr Mahamudu Bawumia, his Ghanaian counterpart, will appear as Special Guest at the premiere of Airtel Touching Lives Season 5 to be hosted on January 25 by Nigeria’s leading telecommunication service, Airtel Nigeria. Also expected to be featured is the Lagos State Governor, Mr Babajide Sanwo-Olu, and top government officials, captains of industry and top media executives. The event will showcase Airtel’s Corporate Social Responsibility (CSR) initiative, Airtel Touching Lives, which is aimed at alleviating the less privileged members of the society. Airtel Touching Lives, which is in

By Aduragbemi Omiyale The debut bond issuance of the Development Bank of Nigeria (DBN) may have come and gone; the exercise was very successful because of the inputs of organisations like DLM Capital Group. Business Post reports that on July 13, 2023, DBN issued the first batch of the debt instrument to investors, who cut across various segments. The Series 1 paper under its N100 billion Medium Term Note Programme registered with the Securities and Exchange Commission (SEC) had N23 billion allotted to bond investors at 14.40 per cent with a maturity of five years. The bond was designed to