Osinbajo to Commission Eko MSMEs Fashion Hub-1

By Ncebakazi Manzi The rise of Afrobeats over the past decade or so has been nothing short of remarkable. From the streets of Nigeria and Ghana, it has become a global phenomenon, with some of the world’s biggest artists collaborating with Afrobeats icons and emerging artists alike. In a sign of how rapid the ascent of Afrobeats has been, Spotify recently held events in Nigeria celebrating 13 billion streams of the genre. The growth of Afrobeats is unlikely to slow down anytime soon either, especially as streaming continues to grow across Africa. According to research firm Statista, the continent’s streaming

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

Get ready to dive into a world filled with love, laughter, competition, and captivating stories. Experience an exclusive glimpse into the lives of one of Nigeria’s prestigious families, the Irabors. Engage in lively discussions on hot and trending topics with the dynamic radio duo, Gbemi and Toolz and you can also join the ultimate family game show hosted by the delightful Stephanie Coker and rising sensation Darasimi Nadi on Indomie Love Bowl. Whether you’re a fan of romance, reality, or pure entertainment, there’s something for everyone. So, grab your remote, get comfortable because your weekend is about to get a

By Adedapo Adesanya Comedy and crime-based American TV show, Only Murders in The Building, has been ranked as the most anticipated TV show of the Fall of 2023, according to a new study shared with Business Post. Experts at ARKA conducted extensive research to uncover the most anticipated TV shows of Fall 2023. Google Keyword Planner was used to analyze search data, providing valuable insights into the level of interest in the upcoming TV series. The research also offers information on the genre, reasons behind their popularity, and their streaming platform. Only Murders in The Building, which features Steve Martin,

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) has arrested a suspect wanted for attempts to ship illicit drug consignments to the United Kingdom. This was made known in a statement signed by the NDLEA spokesman, Mr Femi Babafemi, on Sunday. He further disclosed arrests made by NDLEA operatives through interdiction operations that led to the seizure of four tons of illicit substances in the past week. According to the agency, the suspect, Mr Obiorah Chigozie, had been on its wanted list since September 15. This, he said, was when a consignment of 1.500kg skunk concealed in flour

By Adeniyi Ogunfowoke For those who find water boring and scarcely drink it, you can drink Cucumber water. This is because it gives you additional nutritional and health benefits compared with water. Hence, there is no need to down soft drinks daily anymore. Jumia Travel, the leading online travel agency shares reasons you should drink Cucumber water daily. You can buy Cucumber at any market in Lagos. Keeps you hydrated Cucumber water will satisfy your desire for water and keep you hydrated round-the-clock. It regulates your body temperature as well as kills toxins that have infested your body. You will

By Modupe Gbadeyanka A Lagos-based company known as CRC Credit Bureau (CCB) has come up with a unique three-digit number credit rating system to assist financial institution make quick and informed credit decisions. Some weeks ago, the Central Bank of Nigeria (CBN) mandated banks to increase their loan to deposit ratio to 60 percent by the end of September 2019. This policy is to spur the economy by making funds available to small business owners, who are the main driver of the economy. Lenders have been very careful in giving out credit facilities to customers because issues with repayment and

By Aduragbemi Omiyale Veteran actor and filmmaker, Mr Adebayo Salami, otherwise known as Oga Bello, has been given interest-free loans worth N200 million alongside 38 other movie makers. The funding support was given to them by the Lagos State government to support the creative industry and boost the economy. The disbursement was coordinated by the Lagos State Creative Initiative (LACI) under the Ministry of Tourism, Arts and Culture. Last year, the state government constituted a nine-man committee comprising veteran movie-makers and some senior government officials headed by the Commissioner for Tourism, Arts and Culture, Mrs Uzamat Akinbile-Yussuf. The team was

By Dipo Olowookere One of the regulatory agencies in the nation’s capital market, the Nigerian Stock Exchange (NSE), will hold its 58th Annual General Meeting (AGM) in less than two weeks’ time. A notice from the NSE said the meeting is precisely scheduled to take place on Monday, September 30, 2019 by 11am at the Stock Exchange House on Customs Street, Marina, Lagos. During the meeting, according to the notice, the board will present the bourse’s audited financial statements for the year ended December 31, 2019 and the reports of the national council and the auditors. The board will expect

By Modupe Gbadeyanka Equity market in Nigeria finished the week positive on Friday with the major market indicators pointing to the green zone, Business Post reports. The lead indicator, the all-share index, closed at 26,328.22 points after adding 38.27 points and growing by 0.15 percent, while the market capitalisation advanced by N13.2 billion to end at N9.05 trillion. Also, the volume of shares traded on the floor of the Nigerian Stock Exchange (NSE) relatively improved today with investors exchanging a total of 237.8 million units in 2,725 deals worth N2.2 billion compared with the 146.5 million units transacted the previous

By Adedapo Adesanya  Kenya has announced a 15 per cent reduction in power costs, handing relief to thousands of homes and industries burdened by the high cost of living and production. The East African country’s Ministry of Energy in a statement released in the capital Nairobi said the reduction takes effect immediately and would cover the entire 2022 period. “The tariff reduction is a fulfilment of a commitment made by President Uhuru Kenyatta to the nation, that the first tranche of reduction, 15 per cent, will be reflected in the bills covering the end of the year in 2021,” said

By Dipo Olowookere The average money market rates marginally depreciated on Wednesday as the recent raising of Cash Reserve Ratio (CRR) by the Central Bank of Nigeria (CBN) continue to have effect on the market. Business Post observed that the squeeze in financial system liquidity caused by this policy as a result of the debit funding further shrank the funding rates by 0.09 percent to 14.83 percent during the session from 14.93 percent at the previous trading day. This followed the 0.17 percent decline in the Open Buy Back (OBB), which closed at 14.33 percent against its previous level, 14.50