Nigeria produces 2,500 films yearly — UNESCO
United Nations Educational, Scientific and Cultural Organisation (UNESCO) says Nigeria alone produces around 2,500 films a year. UNESCO disclosed this on Tuesday in a new report which highlighted the untapped potential in film industry in Africa. The UNESCO report said Africa’s film and audiovisual industries could create over 20 million jobs and contribute $20 billion to the continent’s combined Gross Domestic...
Gospel singer Sinach gets U.S. Congress recognition
Nigerian gospel artist, Osinachi Egbu, popularly known as Sinach, has received a certificate of recognition from the 18th Congressional District of Texas. In a report shared on her verified Instagram handle, the gospel singer stated that she received the recognition letter from a US honourable member representing Texas, Sheila Jackson Lee. Jackson Lee explained that the purpose of the recognition letter was to...
Olu Jacobs is ‘hale and hearty’, says Joke Silva
Veteran Nollywood actress, Joke Silva has reacted to rumours currently making the rounds about the purported passage of her husband, actor Olu Jacobs. The actress clarified that the veteran actor was enjoying a nice meal at the time. "Don’t mind them, they’re just talking rubbish; don’t disturb your head. He is in the living room right now about to have Eba and Ogbono soup....
Oil holds near 3-year highs after OPEC+ keep tight control
Brent crude oil futures stuck near three-year highs on Tuesday, with U.S. benchmark crude close to 2014 peaks. This is coming after the OPEC+ supplier group decided to stick to a gradual output increase plan rather than fully opening the taps. Brent crude was up 51 cents or 0.6 per cent at $81.77 a barrel by 0845 GMT, having risen 2.5...
NBS: Why Nigerian youths can’t access bank loan for businesses
The National Bureau of Statistics (NBS) says that 31.7 per cent of youths in Nigeria lack access to bank loans to finance their businesses due to high interest rates. The bureau said this in its National Youth Survey for 2020, obtained from its website in Abuja during the week. The report is a collaborative effort between the Federal Ministry of Youth...
FG approves zero import duty for vessels
The Federal Government has approved zero import duty for ship owners to acquire vessels. Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, disclosed this in a session at the maiden edition of the Nigeria International Maritime Summit (NIMS) held in Lagos on Tuesday, with the theme, ‘Becoming a Significant Maritime Nation’. He said that for...
Fuel consumption reduced by 132.3m litres in August – PPPRA
About 1,735,624,740 litres of Premium Motor Spirit (PMS) was distributed nationwide in the month of August, according to the Petroleum Products Pricing Regulatory Agency (PPPRA) report on Petroleum Products Supply. The average daily supply of PMS in August was brought to about 55.99 million litres. An analysis of the volume of PMS supplied nationwide in the month of August suggests a...
Estate developers to provide 77,400 housing units for Nigerians
The Real Estate Development Association of Nigeria (REDAN) in collaboration with Shelter Afrique is set to provide 77,400 affordable housing units for Nigerians across the country. President of REDAN, Dr. Aliyu Wammako, who disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja, said this was part of the association’s Rural Urban Housing Initiative (RUHI 774). Wammako...
Lagos demands 1% of Nigeria’s revenue, Special Status
Lagos State Government has demanded for one per cent share in the nation's revenue allocation formula. The state, on Monday, maintained that the special status of Lagos and its prosperity directly or indirectly has multiplying effects on the South-West and the entire country. Lagos State Government also proposed that the revenue sharing formula should be 34 per cent for Federal Government...
Internet Fraud: Court adjourns trial of Naira Marley
A Federal High Court in Lagos on Tuesday further adjourned the trial of popular Nigerian singer Azeez Fashola, alias Naira Marley for alleged internet fraud. The case which was slated for continuation on Tuesday, could not proceed as the court did not sit A new date for continuation of trial is yet to be fixed The Economic and Financial Crimes Commission (EFCC)...
