Author: Ifetayo Adeniyi
Ifetayo Adeniyi
Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.
World Bank Mobilises $5bn Private Capital, Commits $2.5bn To Nigerian Suppliers In 5 Years By Elegbede Abiodun Vincelette said Nigerian companies have already benefited significantly from the Bank’s procurement activities. The World Bank Group said it had committed more than $2.5 billion to Nigerian suppliers over the past five years, funding projects spanning infrastructure, healthcare and education, as its private sector arm, the International Finance Corporation, mobilised $5 billion in private capital into the country last year to support businesses and job creation. Speaking at a seminar on procurement and investment opportunities under World Bank Group-financed projects, vice president,…
Cost of Imported petrol lower compare to Dangote Elegbede Abiodun Megastarmagazine reported that the landing cost of imported Premium Motor Spirit (petrol) is now lower than the gantry price of the commodity from the Dangote Petroleum Refinery, following the refinery’s decision to hike prices. According to data from the Major Energies Marketers Association of Nigeria the landing cost of imported petrol was N728.88 per litre as of last week. On Monday night, the Dangote refinery announced an increase in its gantry price of petrol from N699 to N799 per litre. The new price increase means that Dangote’s gantry price…
CBN approves temporary use of expired NAFDAC licences for imports Central Bank of Nigeria has approved a temporary window allowing importers to use expired National Agency for Food and Drug Administration and Control licences for import documentation, offering short-term relief to businesses affected by system changes in Nigeria’s trade processing framework. In a circular issued on January 26, 2026, by its Trade and Exchange Department and published on the bank’s website on Tuesday, the CBN said authorised dealer banks may continue to process Form M applications with NAFDAC licences that expired on December 31, 2025. The approval, which takes…
Facebook to showcase opportunities, presenting creator tools at Lagos summit Elegbede Abiodun The event provides a platform to demonstrate that Facebook is all about connecting people. Facebook will take centre stage at the 2026 African Creators Summit, offering on-ground experiences aimed at connecting with the continent’s expanding digital talent. The summit, scheduled for Thursday, 29 January, at Lagos’s Federal Palace Hotel, brings together creators, storytellers, innovators, and digital entrepreneurs. This year’s theme, “Building a Sustainable Ecosystem Where Africa Trades Its Swag”, dovetails with Facebook’s push to equip creators with tools that foster audience growth, monetisation, discovery, and community engagement.…
Manny Ita In a structural shift that has redefined the regional entertainment landscape, Nollywood has officially surpassed Hollywood to become the primary revenue driver in the West African cinema market. Data released by FilmOne Entertainment in January 2026 confirms that for the first time in recorded history, local Nigerian productions accounted for 49.4% of the total box office gross, narrowly edging out Hollywood’s 48.8%. This milestone represents a significant leap from 2024, when Hollywood maintained a majority share of 52% against Nollywood’s 46%. The regional box office closed the 2025 calendar year with a historic ₦15.6 billion (approximately $10.4 million)…
Manny Ita Nigerian designer Toluwani Wabara, the creative force behind Wanni Fuga, debuted a high-profile sustainable collection at the 8th edition of Nairobi Fashion Week (NFW) this week in a landmark moment for West African fashion on the continental stage. Representing Nigeria as a headline international designer, Wabara’s showcase aligned with the 2026 event theme, “Decarbonize,” which challenged creators to merge high-end aesthetics with environmental accountability and circular design principles. The collection, showcased at the Sarit Expo Centre in Nairobi, received critical acclaim for its “polished craftsmanship” and signature “soft-structured” silhouettes. Industry analysts noted that the pieces successfully translated Wanni…
Manny Ita The Nigerian fashion industry witnessed a pivotal moment on Tuesday, January 27, 2026, as the elite of Nollywood gathered in Lagos to celebrate the 40th birthday of actress Bisola Aiyeola. The event, which transitioned from an intimate celebration to a major industry fashion statement, served as a definitive showcase for 2026 red-carpet trends. Guests abandoned traditional subtle elegance in favor of “unapologetic” style choices, characterized by bold architectural cuts and highly saturated color palettes that have come to define the current season. Leading the fashion vanguard were industry heavyweights Funke Akindele and Mimi Onalaja, whose appearances ignited immediate…
Manny Ita The 2026 edition of the Creative Retail Weekend concluded recently in Ikoyi, Lagos, marking a significant milestone for the “Made-in-Africa” movement through a high-profile exhibition of fashion, beauty, and lifestyle products. Held at the British Council premises, the two-day event served as a strategic marketplace designed to connect indigenous creative entrepreneurs with global retail standards and a diverse consumer base. Organized by Coconut Africa with the formal backing of the British Council, the showcase featured over 50 homegrown brands, emphasizing the intersection of traditional African craftsmanship and modern commercial viability. The event focused heavily on circularity and sustainability,…
Manny Ita The Federal Government of Nigeria has announced a strategic shift in its approach to national tourism, with preparations for the 2026 festive season—widely known as “Detty December”—set to commence as early as March. Minister of Art, Culture, and the Creative Economy, Hannatu Musawa, confirmed this week that the early start is intended to transform the year-end celebrations from a social trend into a structured “national asset.” By initiating the planning phase ten months in advance, the Ministry aims to present a comprehensive proposal to the Federal Executive Council that coordinates inter-ministerial efforts across aviation, security, and infrastructure. A…
Manny Ita In a significant shift within the African digital landscape, Nigerian content creators have officially claimed the majority of spots in the 2026 rankings of the continent’s most-followed live streamers. According to industry data released in late January, Nigerian streamers now occupy six out of the top ten positions across platforms like Twitch and Kick, signaling a decisive move of the continent’s “streaming capital” to West Africa. Leading the Nigerian contingent is Carter Efe, who has successfully transitioned from comedy and music to become the most-followed Africa-based creator on Twitch with over 560,000 followers. His growth was bolstered by…