ArticleBy Bolarinwa Akande Sequel to what could be said to be an ‘edutaining’ television drama on HIV/AIDS awareness, MTV Base and the MTV Staying Alive Foundation have joined forces to give the hit series entitled Shuga a radio drama version. Tagged ShugaRadioNaija, the show is said to have new characters and plotlines complementary to the TV version. Set in the fictional rural location of “Chikota”, Nigeria, ShugaRadioNaija uses Shuga’s “edutainment” philosophy to tell the interlinked stories of a group of young students, their friends and families, as they try to figure out life, love, sex and emotions against a background of conflicting advice and prejudice. Over eight 12-minute episodes, ShugaRadioNaija will address…
Author: Pride Team
ArticleBy Bolarinwa Akande Telecommunications company, Etisalat, has announced highlife legend, Bright Chimezie and trending reggae/dance hall artiste, Patoranking as the lead acts in the next edition of its music platform, Etisalat Cloudnine, scheduled to take place Port Harcourt on Saturday, June 21. Described as an exclusive, never-before-seen performance, acting Chief Executive Officer of Etisalat Nigeria, Matthew Willsher explained that the Etisalat Cloudnine platform was created as an avenue for the company’s customers to access exclusive music content, while also promoting home grown talent in the music industry. He added that Etisalat Cloudnine uses music to deepen customer engagement. “Etisalat Cloudnine is a…
ArticleBy Bolarinwa Akande Signed to America-based label, Big A Entertainment, Teddy A, a popular Nigerian singer in Dallas, United States, has today, released his much publicized single, entitled Ije Love. “It’s takeover season! Teddy-A is back with a new refreshing tune titled Ije Love,” says label boss, Anderson Obiagwu. Reports has it that the talented singer/songwriter who has released songs that could be described as ‘total Nigerian’, as evident in his smooth delivery of English, Igbo, Yoruba and Pidgin, is planning to relocate to Nigeria, to further his music career. “There’s definitely more to come from this talented young icon in-the-making,” said…
ArticleBy Alex C The Asset Management Corp. of Nigeria, set up by the West African nation to buy bad debts from banks, is set to repay $4.9 billion (N800 billion)of bonds expected to be due in August 2014. This development leaves N3.8 trillion of remaining debt after N1 trillion was redeemed last year. Nigeria, Africa’s largest economy, established AMCON in 2010 to buy bad debt from banks and save the industry from collapse as lenders reeled when loans to stock speculators and fuel importers soured after the global financial crisis in 2008. The agency spent N5.6 trillion in…
Article By Alex C Dangote Flour Mills Plc, through its Board, has notified the Nigerian Stock Exchange (NSE) that it has executed a Share Sale and Purchase Agreement (SSPA) with Dangote Industries Limited in respect of sale of the company’s 84,150,000 ordinary shares of N1.00 each in Dangote Agrosacks Limited representing 99% of the total issued ordinary share capital of Dangote Agrosacks Limited. The execution of the SSPA followed the receipt of approvals from the board and shareholders of Dangote Flour Mills Plc, as well as requisite regulatory approval from the Securities & Exchange Commission (SEC). This…
Article By Alex C Honeywell International says it eyes a market for readymade mobile refineries in oil producing countries such as Nigeria. Assembling the equipment off-site, experts say, may help energy companies solve the critical challenge of keeping large construction crews out of harm’s way while erecting infrastructure to tap oil fields in often unstable locations. Nigeria, a member of the Organisation of Petroleum Exporting Countries (OPEC) is among markets where Honeywell eyes sales potential. The daily production capacity is expected to be about 10 percent of a big refinery that would have to be built on location.…
Article By Alex C The Nigeria Liquefied Natural Gas (NLNG) Limited has generated over $50billion for the Nigerian economy since October 1999, when it exported its first LNG cargo, Pride Magazine investigations reveal. The company which exported its 1000th cargo in December 2006, exported its 2000th cargo in October 2010 and 3000th cargo in January 2014. In a bid to diversify the nation’s revenue base and monetise gas resources in Nigeria, NLNG now owns $14 billion of assets in Bonny Island of Rivers State. These revelations, contained in the company’s ‘2014 Facts and Figures’ report, reveal that…
Article By Alex C The Central Bank of Nigeria (CBN) has said that the cashless programme would formally take effect in the remaining states of the Federation from July 1, 2014. The Apex bank had in January 2012 rolled out a pilot scheme of the programme in Lagos state. This was followed by Federal Capital Territory (FCT), Rivers and Anambra states. In a memo to the money deposit banks signed by the director banking and payment system department, Dipo Fatokun, the CBN urged retail banks to commence enlightenment of their clientele on the policy in the remaining 31 states…
Article By Alex C Tingo Mobile, a Nigerian mobile-phone manufacturer has agreed to buy a majority stake in Mass Telecom Innovation Nigeria Plc (MTI) for about $25 million (N4 billion) to develop rural broadband in Africa’s most populous country. While Tingo will acquire 51 percent of cable-network operator MTI, the company is set to be rebranded as it remains listed on the Nigerian Stock Exchange (NSE). Telecommunications companies such as China’s Huawei Technologies Co. (002502) and Johannesburg-based MTN Group Ltd. are expanding in Nigeria, Africa’s most populous countries, to tap a growing market for mobile and data…
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