Excitement As Nigerian Breweries Lights Up Beer Festival

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

By Adedapo Adesanya The House of Representatives has summoned controversial singer, Mr Azeez Fashola, popularly known as Naira Marley, to appear before it as part of moves to secure proper compensation and royalties for late singer, Mr Ilerioluwa Aloba (Mohbad) for his musical works. The deceased died on September 12 at the age of 27 over unclear circumstances. Following his death, documented history from the singer showed he had historically been threatened and suffered violence after his split from Mr Fashola’s Marlian Music last year. This sparked outrage, leading to government and security agencies’ involvement. Through its Committee on Justice,

By Dipo Olowookere Directors, managers and other high-ranking members of staff of Fidelity Bank Plc as well as their related persons have been asked to stop the trading of the company’s equities on the floor of the Nigerian Stock Exchange (NSE) for now. These set of people have been prohibited by the financial institution to stop buying and selling of the stocks from Thursday, October 17, 2019 until the third quarter earnings of the bank are released to the NSE and the investing public. This is to prevent insider trading by these people because of the company’s vital information at

By Modupe Gbadeyanka Leading provider of trusted identity and security solutions and one of the longest established Certificate Authorities in the world, GMO GlobalSign, has announced the inauguration of its new office in Dubai. The local entity, GMO GlobalSign FZ-LLC, based in Dubai Internet City, is strategically located to cater to further strengthen GlobalSign’s presence in Asia, particularly in the Middle East. The company already has a strong presence in the Americas, Europe and Asia. With a growth rate of more than 13 percent, the Middle East’s cyber security market presents a landscape of promising opportunities. By 2019, the regional

By Dipo Olowookere The Nigerian Senate has thrown its full weight behind the forensic audit of Oando Plc, a leading oil firm in the country. The Securities and Exchange Commission (SEC) had made efforts to conduct the audit, but the company ran to a Federal High Court in Lagos to stop the process. However, it lost this bid at the court because the presiding judge, Justice Mohammed Aikawa, threw out the case for lack of jurisdiction, advising Oando to take the matter to an Investment and Securities Tribunal (IST), which has the powers to hear disputes arising from the capital

By Dipo Olowookere The United States Agency for International Development (USAID) and the Ghana Grains Council held the sixth annual Pre-harvest Agribusiness Forum in Sunyani on October 20. The event brought together more than 1,000 farmers, buyers, processors, equipment dealers, transporters, financial institutions and others who work in agriculture and agribusiness. The aim of the annual event is to foster long-term business relationships, discussions, and the exchange of ideas in order to drive economic growth in Ghana’s agriculture sector. The event featured a conference, an exhibition, and break-out sessions centred on this year’s theme of “profiting together.” The theme highlighted

By Modupe Gbadeyanka The Nigerian currency appreciated against the Euro at the parallel segment of the foreign exchange market on Monday. At the close of transactions yesterday, the local currency chalked up N4 against the European Union’s currency to exchange as N421 compared with N425 it was traded last Friday. The gain came as the Central Bank of Nigeria (CBN) released the sum of $195 million into the forex market yesterday. The intervention helped in sustaining the steady supply of forex in the market, easing the pressure on the Naira. At the close of business, the local currency remained unchanged

By Adedapo Adesanya The Nigerian Football Federation (NFF) has announced the beneficiaries of the N772 million ($2 million) COVID-19 relief funds given by the Federation of International Football Association (FIFA) alongside sponsors like Nike and Coca-Cola. The palliative serves as a booster for the preparation of the 2020/2021 league season, following the devastating effects of the coronavirus pandemic. In a communiqué issued after the NFF Executive Committee meeting via a video conference on Monday, the total sum to be disbursed is made up of $1,000,000 (being FIFA’s support for restarting the football season); $500,0000 (being FIFA’s dedicated support for women’s

By Adedapo Adesanya The Union of the European Football Association (UEFA) has scrapped the away goals rule for their Champions League and Europa League competitions 56 years after it was first introduced. The European football organising body made the announcement on Thursday and it said the decision will apply to the men’s, women’s and youth tournaments. The away goal rule has been an integral part of European football and could swing a tie if a team managed to bag a goal at their opponent’s ground. Introduced in 1965, the rule was used to determine the winner of a two-legged knockout

By Modupe Gbadeyanka At least three persons were feared dead in the early hours of Friday in Damboa area of Maiduguri, the capital of Borno State. The dead victims were reported to be suicide bombers, who carried out multiple bomb explosions in the area. It was learnt that a filling station on the Damboa road was attacked by one of the suicide bombers on Friday morning while many residents were fast asleep. According to reports, the suicide bombers were two males and a female. During the attack, fuel trucks were completely destroyed. It is still not certain if there were