Exhibitors to Get Free Stalls at 2018 GTBank Fashion Weekend

Veteran Nollywood actress, Joke Sylva, has said Africa Magic heralded a paradigm shift in the entertainment industry when it launched in Nigeria in 2003. The actress in an interview with The Guardian Newspaper, said the platform raised the bar through huge investment in equipment and technology for movie production, which spurred the development and growth of talents in the industry. According to her, the popular series, Tinsel, upped the ante for storytelling and production standards in Nollywood. “There was a comment I sent to Mr Odugbemi recently where I said Tinsel was almost envisioning the future of Nollywood because when

By Adedapo Adesanya  A Nigerian rapper, Oladipupo Olabode Oladimenji, popularly known as Oladips, has died at the age of 28. According to a statement posted on his Instagram page, he passed away at exactly 10:14 pm on Tuesday, November 14, 2023. In the late hours of yesterday, videos made the rounds on social media of the Lalakukulala crooner seeming to have collapsed as his friends surrounded him. Before the video started to circulate, Oladips had taken to his Instagram stories to cry out for help as he mentioned one of his friends, @onlyonelifetime, and asked where he was. The rapper complained

By Dipo Olowookere The Nigerian and African music ecosystem will continue to receive the massive support of Spotify, Ms Jocelyne Muhutu-Remy, the Sub-Saharan African Managing Director of the audio streaming platform, which has recorded about 15 billion streams, has assured. Ms Muhutu-Remy gave this assurance at the event organised by the company last Thursday and Friday in Lagos to celebrate Afrobeats, a genre of music from Africa currently gaining global attention. Spotify held #SpotifyPodcastsLagos on Thursday and #SpotifyAfrobeats on Friday at La Madison Place in Lekki, Lagos, to showcase and celebrate the rich culture of Afrobeats and the remarkable achievements

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 Aduragbemi Omiyale The Association of Bureaux De Change Operators of Nigeria (ABCON) has said foreign exchange (FX) users, especially in the Micro, Small and Medium Enterprises (MSMEs) sector of the economy, are undergoing untold hardship because of the decision of the Central Bank of Nigeria (CBN) not to sell forex to Bureaux de Change (BDCs). The group said the FX funding stoppage was hurting the nation’s economy as many medium and small scale users of foreign currencies were having it tough to process Form M in commercial banks for the importation of items needed to complete their productions. Speaking

By Adedapo Adesanya Market bellwether, FrieslandCampina WAMCO Nigeria Plc, single-handedly returned the NASD Over-the-Counter (OTC) Securities Exchange to gaining ways on Friday by 0.41 per cent. The milk-producing company recorded a 2.4 per cent or N3 increase at the final session of the week, closing at N130 per share in contrast to N127 per share of the previous session. This increased the market capitalisation of the bourse by N2.23 billion to N545.50 billion from N543.27 billion and also boosted the NASD Unlisted Security Index (NSI) by 3.13 points to 767.43 points from 764.30 points. At the market yesterday, Nigerian Exchange Group

By Adedapo Adesanya The pharmaceutical company, GSK, has been awarded a contract to produce the world’s first malaria vaccine so that millions more children will be protected against the killer disease. This was announced by the UN Children’s Fund (UNICEF). The value of the deal is about $170 million and will lead to the production of 18 million doses of the RTS,S vaccine being available over the next three years, potentially saving thousands of young lives annually. Malaria remains one of the biggest killers of children under five. In 2020, nearly half a million boys and girls died from the

By Modupe Gbadeyanka Barely 24 hours after the Nigerian Stock Exchange (NSE) placed an embargo on trading of its shares at the stock market, the board of Conoil Plc has announced the release of the company’s financial results for the first quarter of 2018. On Monday, the stock market regulator announced the suspension of Conoil on its trading platform for not filing its financial scorecard within the required time publicly quoted companies were supposed to do so. In the results, the oil firm grew its revenue by 28 percent to N31.3 billion from N24.5 billion recorded in Q1 of 2017.

By Adedapo Adesanya The Naira continued its price discovery on Thursday in the Investors and Exporters (I&E) segment of the foreign exchange market, looking to close the disparity in its value in the other windows of the market. In the official market, it depreciated against the US Dollar during the session, while it appreciated in the Peer-2-Peer (P2P) and the parallel market at the close of transactions. Business Post reports that the domestic currency succumbed to forex demand pressure yesterday as it lost N1.76 or 0.26 per cent against the greenback to sell at N765.13/$1, in contrast to the preceding

By Modupe Gbadeyanka President Muhammadu Buhari has taken a bold step to avert another strike by the Academic Staff Union of Universities (ASUU), promising to honour agreements with the union. The leadership of the university lecturers had given the federal government till the end of February to fulfil the deal both parties entered, threatening to embark on another industrial action. But on Tuesday, President Buhari, while receiving members of the Nigeria Inter-Religious Council (NIREC), said his administration remains committed to honouring promises made to the union, though he said fiscal pressures were making it look otherwise. He, however, appealed to

By Dipo Olowookere The management of Nigerian Breweries Plc has decided to give multiple award-winning creative marketing communications company, Noah’s Ark Communications Limited, the opportunity to handle its cherished Maltina and Malta Gold brands. This followed a keenly contested pitch involving a number of other leading agencies in Nigeria. At the end of the exercise, the brewery giant was impressed with the presentation of Noah’s Ark. With this, the company will come up with campaigns that will push the two non-alcoholic malt brands of Nigerian Breweries to greatness. “We are very excited to win this pitch and we feel honoured

By Adedapo Adesanya President Muhammadu Buhari has approved the change of name of Ministry of Science and Technology to Ministry of Science, Technology and Innovation. This was announced by Mr Ogbonnaya Onu, the Minister of Science, Technology and Innovation on Friday in Abuja, noting that the change of name was to facilitate economic growth and global competitiveness as well as to make Nigeria a nation of innovators. The Minister said that in 2017, the Federal Executive Council (FEC), under the leadership of Mr Buhari, approved the National Science, Technology and Innovation Roadmap (NSTIR 2017-2030). “This was to use Science, Technology