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By Aduragbemi Omiyale A veteran Nollywood actress, Cynthia Okereke, has been reported dead by one of her colleagues, Joseph Okechukwu. The thespian, who was kidnapped some months ago along with another actor, Clemson Cornel, reportedly breathed her last night. “Rest in peace, Nwanyi oma. I’m shattered beyond words. The fact that I was about to pay for your flight ticket to come to finish what we started only to hear you went to be with Lord just last night is one of the toughest things I’ve ever had to deal with in recent times. “I pray I’m able to recover

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

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

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

By Dipo Olowookere The Nigerian Stock Exchange (NSE), as at the close of business on Tuesday, October 8, 2019, has lost 14.70 percent of its value since the beginning of this year, Business Post is reporting. The local equity market has been facing very difficult challenges since the start of 2019 and predictions that things would get better after the general elections never came to pass. At today’s session, the market depreciated by 0.21 percent as President Muhammadu Buhari presented the 2020 budget to a joint session of the National Assembly. Business Post reports that the decline posted by the

By Dipo Olowookere Last week, the trio of FBN Holdings, United Bank for Africa (UBA) and Guaranty Trust Holding Company (GTCO) dominated trading on the floor of the Nigerian Exchange (NGX) Limited. The three equities accounted for 627.0 million units worth N5.8 billion in 2,526 deals, contributing 48.58 per cent and 41.42 per cent to the total trading volume and value respectively. Business Post reports that in the week, investors transacted 1.3 billion shares worth N13.9 billion in 16,745 deals in contrast to the 856.3 million shares valued at N10.752 billion transacted in 15,663 deals in the preceding week. A

By Dipo Olowookere The local currency performed well on Tuesday at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market. According to data from the FMDQ website, the Naira gained 0.15 percent against the US Dollar on a day the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retained the benchmark interest rate at 14 percent. The local currency, which was quoted at N364.28/$ the previous day, closed yesterday at N363.72/$ after appreciating by 56 kobo. Business Post gathered that the value of total transactions at the I&E FX window on Tuesday was $264.04

By Nneka Okumazie Assuming capitalism is not the most important air, the most important language and the most important place, how easier would life have been? If people were not directly or very directly under the rule of capitalism, in how many more ways could life be harder? It is possible to not believe in creationism, but prelapsarian life of sorts seems to be what many continue to desire, away from the contractions of capitalism. The COVID stay at home situation in many countries opened some to see differently the weight that capitalism routine placed on them. It is possible

By Dipo Olowookere Deposit Money Banks (DMBs) operating in Nigeria have been advised by the Speaker of the House of Representatives, Mr Femi Gbajabiamila, to set realistic targets for their marketers. The number four citizen of the country gave this advice when he received the board and management of Standard Chartered Bank, led by the Chief Executive Officer, Mr Lamin Manjang, in his office in Abuja recently. The lawmaker from Lagos State lamented the current situation where commercial banks send out their employees to get new customers who must deposit a huge among of money within a specific period of

By Adedapo Adesanya The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with the Bankers’ Committee, will soon float a national card scheme to improve the payment system in Nigeria. Speaking on Thursday at a Bankers’ Committee press briefing, Mr Premier Oiwoh, Managing Director, NIBSS, said the national payment card, which has been approved, was the brainchild of the apex bank. “Part of the proposition of the bank is that this National Domestic Card scheme will be created to help drive acceptance and efficiency and reduce operating cost of cards in the country. “This

By Adedapo Adesanya Central Securities Clearing Systems (CSCS) Plc and NASD Plc extended the bullishness of the NASD Over-the-Counter (OTC) Securities Exchange into the second day as it closed 0.17 per cent higher on Tuesday, November 9. The performance in the stock prices of these companies increased the market capitalisation of the OTC exchange by N1.05 million to N621.84 billion from N620.79 billion it quoted on Monday. This movement was also seen at the NASD Unlisted Security Index (NSI), which added 1.27 basis points to end the day at 752.67 points as against 751.40 points it recorded at the previous

By Dipo Olowookere Investors renewed their interests in the shares of Multiverse Mining and Exploration Plc last week, pushing the price higher by 30.85 per cent to N3.69. Another stock that attracted attention in the week was the Nigerian Exchange (NGX) Group Plc, as investors pushed aside the recent corporate governance issues raised in the media and keyed into the company’s dividend policy. At the close of the five-day trading week, its price rose by 17.65 per cent to N20.00. Jaiz Bank grew last week by 15.38 per cent, Cadbury Nigeria expanded by 14.77 per cent, while Eterna improved by