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Stanbic IBTC Bank to Provide Funds for More Cinemas, Partners TEFFEST

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Stanbic IBTC Partners TEFFEST

By Modupe Gbadeyanka

One of the financial institutions in Nigeria, Stanbic IBTC Bank Plc, is already in talks with movie distributors and cinema houses like Filmhouse, Genesis and Silverbird Galleria, amongst others, for the provision of funding structure for the construction of more cinemas across the country. This is part of the company’s commitment to the growth of the Nigerian entertainment industry.

Speaking at The Entertainment Fair and Festival Conference (TEFFEST) in Lagos recently, Mr Damian Umeasala, the Enterprise Finance Officer, Enterprise Banking, Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc, stated that the lender partnered with TEFFEST to understand the dynamics of the industry so as to grow its investment in the sector.

“Our support for the creative sector is also in line with a mandate that we have from the Central Bank of Nigeria (CBN) under a special intervention fund called The Creative Industry Financing Initiative (CIFI) in which the regulatory body has mandated all banks to set aside 5 percent of their profit after tax for the purpose of lending to players and professionals in this creative sector at 9 percent interest rate,” Mr Umeasala said at the maiden edition of the programme themed Entertainment is Life: Welcome to the Future.

CIFI is a loan scheme developed in collaboration with the CBN, to provide access to long-term and low-interest financing for entrepreneurs in the creative industry.

Speaking further, Mr Umeasala noted that the bank was prepared to support players in the creative sector with loan facilities either as individuals or as a group; adding that the gesture extends to media content creators for Cable TV Stations.

The convener of TEFFEST, Mrs Omotola Jalade-Ekeinde, said the event was borne out of the need to proffer solutions to the myriad challenges bedeviling the entertainment industry in Nigeria.

While expressing her appreciation to the management of Stanbic IBTC Bank Plc, the veteran thespian mentioned that TEFFEST was partnering with the bank to support the industry and help build the structure needed for growth.

TEFFEST is the first entertainment business festival in Nigeria that promotes and showcases world-class innovations around the entertainment business to Africa. It is a platform that provides structure, improves ease of business and showcase how all other industries can service, improve, relate to, and work with the entertainment industry.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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The Final Chapter of BBNaija Season 10 Begins at the Reunion

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BBNaija Season 10 Reunion

After ten weeks of twists, shifting alliances, emotional confrontations and unforgettable moments, the BBNaija Season 10 house may have closed its doors, but many of the conversations it sparked never truly ended.

Now, months after Imisi emerged victorious and walked away with the ₦150 million grand prize, all 29 housemates are set to return for the Season 10 Reunion, hosted by Ebuka Obi-Uchendu. As anticipation builds for BBNaija Season 11, the reunion offers fans one final opportunity to revisit the stories that kept the 10/10 season at the centre of conversation.

And if there’s one thing viewers know about BBNaija reunions, it’s that they have a way of bringing unfinished business back to the surface.

For starters, fans will be eager to hear from Dede and Kola, whose complicated dynamic generated countless conversations throughout the season. What exactly was happening between them? Was it friendship, attraction, strategy, or a little bit of everything? Months later, many viewers are still searching for answers.

Then there is Victory and Gigi Jasmine, whose rollercoaster relationship became one of the season’s most talked-about storylines. From mixed signals and emotional conversations to unexpected decisions that left viewers divided, theirs was a relationship that rarely lacked drama. The reunion could finally reveal where things stand between them today.

Questions also remain around Faith, one of the season’s most controversial and talked-about housemates. His journey from strong contender to disqualification sparked intense debate among fans and fellow housemates alike. With Sultana and Imisi both playing significant roles in some of the season’s biggest conversations involving him, the reunion may provide long-awaited clarity on one of the defining storylines of the season.

Of course, no look back at the 10/10 season would be complete without revisiting the relationships that captured viewers’ attention. Fans will be curious to know whether connections such as Koyin and Isabella’s survived beyond the house, evolved into something more, or simply became part of the BBNaija experience.

There are also questions surrounding Jason Jae, whose interactions with Joanna, Sultana and Dede kept fans speculating throughout the season. Was he simply playing the game, following genuine connections, or navigating a complicated mix of both? The reunion may finally offer some answers.

Meanwhile, Bright Morgan and Mide’s relationship remained one of the season’s most debated situationships. With emotions, misunderstandings and unanswered questions lingering after the show, viewers will undoubtedly be looking forward to hearing their perspectives now that months have passed.

Beyond the individual stories, the reunion is also an opportunity for housemates to reflect on the alliances, rivalries and decisions that shaped one of the most unpredictable seasons in BBNaija history. Friendships were tested, loyalties shifted, and housemates often found themselves on opposite sides of conversations that dominated social media week after week.

Whether it’s old rivalries, unresolved tensions, surprising reconciliations or long-awaited explanations, fans can expect the conversations they have been waiting months to hear.

The BBNaija Season 10 Reunion premieres on June 8 at 10:00 PM WAT on Africa Magic Showcase and Africa Magic Family. Episodes will be available on DStv Stream and GOtv Stream, ensuring viewers never miss a moment of the revelations, resolutions and memorable conversations that await.

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Nigerian Actor Adesina Okiki Janmole Dies in Fatal Auto Crash

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Adesina Okiki Janmole

By Modupe Gbadeyanka

A fatal auto crash has claimed the life of a Nigerian actor, Mr Adesina Okiki, otherwise known as Janmole.

The death of the thespian was confirmed on Tuesday by the president of the Theatre Arts and Motion Pictures Practitioners Association of Nigeria (TAMPAN), Mr Abolaji Amusan, popularly known as Mr Latin.

In a post on his Facebook page today, the comic actor said, “May the soul of our departed colleague, Adesina Okiki Janmole, who tragically lost his life in an accident, rest in perfect peace.

“May God grant his family, friends, and colleagues the strength and comfort to bear this irreparable loss. He will be greatly missed. Amen.”

The demise of this comedian and filmmaker comes a few weeks after the Nigerian film industry lost Alexx Ekubo to cancer.

During his lifetime, Janmole, who died in a road accident on Monday, acted in several movies. He was known for his humour, screen presence and contributions to the Yoruba movie industry.

About four years ago, he survived a fire incident along the Lagos-Ibadan Expressway, an experience many believed he had narrowly escaped.

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Africa Magic to Air BBNaija Season 10 Reunion June 8

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BBNaija Season 10 Reunion

By Aduragbemi Omiyale

Lovers of the popular Big Brother Naija (BBNaija) reality television show will have the opportunity to watch the BBNaija Season 10 Reunion Show.

The programme, to be hosted by media personality, Mr Ebuka Obi-Uchendu, will premiere on Monday, 8 June 2026, at 10 pm WAT on Africa Magic Showcase (DStv Channel 151 | GOtv Channel 8) and Africa Magic Family (DStv Channel 154 | GOtv Channel 7), with each episode available on the DStv Stream and GOtv Stream apps the following day.

The reunion show will feature all 29 housemates. Fans can follow all reunion updates using the hashtag #BBNaijaReunion across social media platforms and Africa Magic for exclusive clips and behind-the-scenes content.

On October 5, 2025, the BBNaija Season 10 came to an end, with Opeyemi Ayanwale, popularly known as Imisi, emerging champion with 42.84 per cent of the public votes.

The 23-year-old fashion designer and actress from Oyo State walked away with a grand prize of N150 million, including N80 million in cash and a brand-new Innoson SUV.

The reunion is expected to address several unresolved storylines from the season, including the disqualification of housemate Faith in the final week following a physical altercation with Sultana. The season also produced some of its most viral moments in years, including a spoon-related standoff that dominated X for days and a series of romantic entanglements that split fan bases across the continent.

Season 10 was considered one of the most exciting editions of the show to date, introducing the Bag of Big Twists, a red telephone delivering random instructions from Biggie, a restructured Head of House challenge and an Influential Player of the Week feature.

With plans for a new season already in motion, the BBNaija 10 over 10 reunion show is set to officially close conflicts, encourage clarifications and allow the housemates to lay it all bare to the viewers and themselves one last time.

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