Author: Ifetayo Adeniyi

Nigeria, South Africa to lead strong entertainment, media revenue growth– PwC The recently released PwC Africa Entertainment and Media Outlook 2023-2027 report has predicted that Nigeria will experience the most substantial growth in Entertainment and Media (E&M) revenue, with revenue expected to more than double from 2022 to 2027. Additionally, South Africa’s E&M market growth is expected to outpace the global average, despite stabilizing in 2022. The report highlights the challenges faced by the E&M industry in 2022, including the impact of the global economy struggling to return to normalcy. Factors such as falling stock markets, rising interest rates, and…

Why I rejected marriage proposals from 3 actresses at AFRIFF – Bovi Why I rejected marriage proposals from three actresses at AFRIFF-Bovi Renowned Nigerian comedian and actor, Bovi has shared the reasons behind his decision to decline marriage proposals from three prominent actresses. Despite being already married with children, Bovi disclosed that these women approached him during the Africa International Film Festival (AFRIFF) and expressed their interest in marrying him for a year. However, Bovi had to reject the proposals as they came with additional responsibilities. In a social media post, he wrote, “Last night @afriff 3 actresses offered me…

INEC declares Diri winner of Bayelsa Governorship election Gov. Douye Diri of Bayelsa State The Independent National Electoral Commission (INEC) has declared Governor Douye Diri of the Peoples Democratic Party (PDP) winner of Saturday’s governorship election in Bayelsa State. INEC’s Returning Officer, Prof Faruq Kuta, who is the Vice Chancellor of the Federal University Of Technology, Minna, Niger State, said Diri, having polled the majority of votes and satisfied the requirement of the law, is now declared elected. Diri polled 175,196 votes to defeat Timipre Sylva of the All Progressives Congress (APC), who scored with 110,108 votes to come second…

2023 AEUSA:Portable grabs ‘Best New Artiste’ award Portable Omolalomi Controversial Nigerian musician, Habeeb Okikiola, widely known as Portable, has clinched the Best New Artiste title at the 2023 African Entertainment Awards, USA (AEUSA). This marks Portable‘s inaugural international music accolade, triumphing over competitors such as Blaq Bones, Odumodublvk, and Seyi Vibez, among others. The announcement was made on Monday by the esteemed chart recorder, ChartsAfrica, in an official post on its X platform. “Congratulations #Portable on winning the Best New Artist Award at the 2023 African Entertainment Awards, USA (AEUSA),” the post declared. Overflowing with joy, Portable shared the news…

Nigerian lawyer Zannah Bukar Mustapha receives prestigious Global Citizen Award Mr. Mustapha played a critical role in mediating the release of over 100 of the Chibok school girls who were kidnapped by Islamic insurgency group Boko Haram in a remote part of Nigeria in April 2014, giving rise to the international #BringBackOurGirls campaign Mr. Mustapha played a critical role in mediating the release of over 100 of the Chibok school girls who were kidnapped by Islamic insurgency group Boko Haram in a remote part of Nigeria in April 2014, giving rise to the international #BringBackOurGirls campaign • Mr. Mustapha played…

Shareholders Commend Sterling HoldCo Financial Performance, Leadership Photo: L-R: CEO, Sterling Bank LTD, Abubakar Suleiman; Group CEO, Sterling Financial Holdings Company, Yemi Odubiyi; Chairman, Sterling Financial Holdings Company, Yemi Adeola; Company Secretary, Temitayo Adegoke; and Executive Director/Chief Operating Officer, Sterling Financial Holdings Company, Olayinka Oni, at the Statutory General Meeting for Sterling Financial Holdings Company held in Lagos recently. Shareholders of Sterling Financial Holdings Company Plc have commended the board and management of the company for its performance in its operations and earnings, and the diversification of the group’s business lines since completing the transition to a holding company structure.…

Coastal erosion: Netherlands extends helping hands to Lagos Lagos State Government has applauded the readiness of the Kingdom of Netherlands to partner with the state in checking coastal erosion, rapidly ravaging coastal areas, through the Public-Private-Partnership (PPP) investment model. The Commissioner for Waterfront Infrastructure Development, Hon. Ekundayo Alebiosu, made this known while playing host to the trade delegation led by the Consular General of the Netherlands in Lagos, Nigeria, Michel Deleen. The trade delegation came to express their readiness to invest in Makoko, Okunde, Okun Ajah, and other Lagos coastal areas. Alebiosu said coastal erosion is a serious issue that…

Nigerian tech company X-agon taps into $40.80bn African e-commerce market With the revenue of Africa’s e-commerce predicted to hit $40.80 billion by the end of this year, Nigerian tech company, X-agon Digital Solutions Limited, has position itself to key into the market. The company during the weekend launched its first product AnyworkX, an e-service ordering app that connects verified service providers to verified customers. The executive director, product and strategy, X-agon Digital Solutions Limited, Bolaji Abdullahi Bayo Tijani, at a media briefing, in Lagos, said e-service market is huge, stating that AnyworkX app will be deployed in five African countries…

Defense Minister says oil production to reach 1.9 million bpd by year-end Nigeria’s Defense Minister has said that oil production will reach 1.9 million barrels per day by year-end. He said this during a recent interview with the News Agency of Nigeria (NAN).   According to the Minister, Bello Matawalle, the federal government is committed to the fight against crude oil theft as a solution to increasing crude oil production in the country. He stated further that as a result of the efforts by the government, crude oil theft is not as active as it used to be. He said: •…

UBA’s impressive ROAE reflects profitability, efficiency, and boosts investor confidence In its 9-month financial results for 2023, UBA achieved 125% year-over-year growth in return on average equity, reaching 44.37%. Combined with a return on average assets of 4.42% and a year-to-date share price gain of 173%, the highest in the banking sector, it reflects improved profitability and efficiency, and is likely to sustain positive investor sentiment. UBA’s impressive ROAE AND ROAA indicate that shareholders are realizing a significant return on their investment in assets or equity. The bank attributed this performance to the growth in profit before tax. The Group…