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Germany Expresses Interest in Digitisation of Nigerian Film



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  • Germany Expresses Interest in Digitisation of Nigerian Film

The German Embassy has expressed special interest in a Nigerian film, Shehu Umar, domiciled in the National Film Video and Sound Archive of the Nigerian Film Corporation (NFC).

Shehu Umar was the protagonist in a book written in 1966 about slavery by Nigeria’s Prime Minister in the First Republic, the late Sir Tafawa Balewa, but was published in 1971.

The book was adapted for a film by Adamu Halilu, a former general manager of the Nigerian Film Corporation.

The embassy has, therefore, sought to restore and digitalise the film in line with modern technological advancement, using the expertise of the Arsenal Institute of Film and Video Archives Berlin, Germany, and subsequently screen it at the 2018 Berlin Film Festival, and thereafter across Nigeria.

The German Embassy’s interest in the film stemmed from its storyline, the rich Nigerian culture it portrays in addition to the dexterity and creativity of its production.

Since the film is damaged and in celluloid form, in line with the existing bilateral relationship between Nigeria and Germany, the German Embassy formally expressed interest in it to the Minister of Information and Culture, Alhaji Lai Mohammed.

According to a statement issued by the Public Relations Officer, NFC, Abuja Zonal Office, Mrs. Juliet Archibong, the minister, while demonstrating his keen interest in the creative industry as a potential revenue-generating and job-creating hub promptly approved the release of the film and the attendant terms and conditions attached to its release as recommended by the NFC.

“These terms and conditions include the ultimate protection of the rights of Nigeria to the film, the repatriation of any financial benefit accruing from the screening of the film and the transfer of the restoration and digitisation technology to Nigeria through the training of staff of the archive who would be invited to Germany to witness the rounding off of the restoration and digitisation process and the eventual screening of Shehu Umar.

“During a visit recently by the Arsenal Institute, a representative of the institute, Mrs. Stephanie Schulte Strathaus, informed the meeting that work had started in earnest on the restoration and digitisation of Shehu Umar and announced a donation of a film scanner to the National Film Video and Sound Archive.

“The cost of the scanner which was funded by the German Embassy is put at about 60,000 euros. The cost of shipping the scanner, installation and computer software would be borne by the German Embassy,” the statement added.

It stressed that Markus Ruff, also of the Arsenal Institute, hinted that on their visit to the National Film Video and Sound Archive, they had discovered other films like Kanta of Kebbi, Sand of Pride, Oba of Benin and Kubla No Barna, adding that the institute was interested in getting to know more about these films for possible restoration and digitisation.

Commenting, the NFC Managing Director and custodian of the film, Shehu Umar, Dr. Chidia Maduekwe, thanked the delegates for their visit and interest in the film and the Nigerian culture, adding that he strongly believed that there would be many more areas of collaboration between Nigeria and Germany.

He noted that the NFC would transfer all its celluloid films from the Lagos zonal office to the National Film Video and Sound Archive in Jos for proper preservation and future digitisation.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Dana Motors Ignites a Green Revolution in Nigeria’s Auto Industry with CNG-Powered Vehicles



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Dana Motors Limited, the exclusive distributor of Kia in Nigeria, is leading a groundbreaking charge to revolutionize the transportation landscape in the country.

In response to the escalating fuel prices and mounting vehicle-related expenses, Dana Motors Limited has unveiled ambitious plans to introduce Compressed Natural Gas (CNG) vehicles into the Nigerian market.

This strategic move underscores Dana Motors Limited’s unwavering dedication to innovation and sustainability within Nigeria’s automotive sector, effectively tackling the pressing need for more economical transportation options.

Having previously set a precedent by launching Nigeria’s inaugural electric vehicle, the Kia Soul, Dana Motors Limited is now poised to introduce an array of high-efficiency CNG-powered vehicles.

Francis Ogboro, Vice Chairman of the Group, passionately stated, “At Dana Motors Limited, our ultimate objective is to provide Nigerians with innovative, environmentally-friendly, and budget-conscious automotive solutions. The introduction of CNG-powered vehicles seamlessly aligns with our overarching vision to elevate the quality of life for all Nigerians, while simultaneously mitigating the surging costs associated with vehicle ownership.”

Further amplifying this commitment, Olu Tikolo, Vice President of Dana Motors Limited, emphasized, “Recognizing the transformative potential of CNG vehicles for public transportation, we are steadfast in our dedication to making transit more accessible and affordable. Through this visionary initiative, we aspire to elevate the overall quality of life for all Nigerians.”

The forthcoming launch of CNG-powered vehicles by Dana Motors Limited is poised to make substantial contributions to Nigeria’s emission reduction efforts, foster sustainability, and establish a more economical transportation system. Dana Motors Limited is not just leading but reshaping the trajectory of the Nigerian automotive industry, forging a greener, more cost-effective future for all.

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Nigerian Autotech Startup, Fixit45, Secures $1.9 Million for East Africa Expansion




Nigerian autotech startup Fixit45 has successfully secured $1.9 million in equity and working capital to fuel its ambitious expansion plans into East Africa.

The funding round, spearheaded by Launch Africa Ventures, witnessed significant participation from notable investors, including Soumobroto Ganguly and Dave Delucia, alongside a diverse group of angel investors.

In a press release issued on Wednesday, Fixit45 underscored the significance of this capital infusion as a substantial stride towards broadening its footprint and influence within Africa’s thriving automotive aftermarket industry.

The company revealed that these funds have been earmarked to fuel its strategic expansion initiatives, with a particular emphasis on fortifying its automotive repair business.

Fixit45 also shared its unwavering commitment to enhancing its spare parts distribution capabilities through its online-to-offline platform, With a keen eye on the East African market, Fixit45 has set its sights on Kenya and Uganda.

Co-founded by visionaries Chioma Ahueze-Okochukwu, Goodluck Ikporo, and Pankaj Bohhra, Fixit45 offers a unique platform that empowers car owners to seamlessly connect and engage with a vast network of aftermarket stakeholders.

This extensive network encompasses automobile service providers, specialized technical teams, spare parts suppliers, and end-consumers.

Pankaj Bohhra, one of the co-founders of Fixit45, expressed his enthusiasm, stating, “This funding represents a pivotal moment for Fixit45. We are profoundly grateful to our investors for their faith in our vision and our unwavering commitment to revolutionizing the African automotive aftermarket sector. With this capital infusion, we are well-positioned to advance towards our expansion objectives.”

Fixit45’s strategic move into East Africa holds the promise of ushering in transformative developments in the automotive industry across the region.

As the company intensifies its efforts, the future of automotive repair and spare parts distribution in East Africa appears poised for a remarkable evolution. Stay tuned for more exciting updates as Fixit45 continues to make waves in the autotech sector.

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Payday’s $3 Million Seed Round: From Hope to Headaches



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Six months after securing $3 million in a seed round led by Moniepoint, Nigerian fintech startup Payday finds itself embroiled in controversy and uncertain about its future.

Founder and CEO, Favour Ori, confirmed that the company is actively engaged in discussions with potential buyers.

In March, reports surfaced that Moniepoint was in talks to acquire Payday, with an expected deal closure within three months. However, the deal fell through, reportedly due to Moniepoint’s board’s lack of enthusiasm. Despite this setback, negotiations to sell the company continue.

Payday faced a wave of negative publicity in August after suspending access to customer accounts following fraudulent activities that resulted in customer losses. The company was accused of misappropriating customer funds before acknowledging the account restrictions.

Internal issues further marred the company’s reputation, especially after Payday implemented contentious salary reductions for some Nigerian staff in July and failed to issue promised stock options to affected employees.

This led to dissatisfaction and several employee departures.

Payday’s COO, Ogechi Obike, also departed, citing goal misalignment and clashes with Favour Ori.

Accusations arose that Favour marginalized Obike in crucial meetings and decision-making processes.

Favour Ori’s management style came under scrutiny, with allegations of impulsiveness and a lack of transparency.

Employees claimed that he hired top talent but stifled their input, resulting in customer disruptions, including difficulties creating virtual cards and accessing accounts.

Amid these controversies, Favour Ori has reduced his involvement in the company, focusing on external work with GitHub while the co-founder, Elijah Kingson, is employed at Revolut.

Payday’s future remains uncertain, with the potential sale of the company and the need to regain customer trust and employee satisfaction hanging in the balance.

The company faces the challenge of restoring its reputation and stability while navigating a tumultuous period in its young history.

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