- Finance Ministry Releases N420m for Movie Production
The Minister of Finance, Mrs. Kemi Adeosun, has approved the release of the sum of N420.2m, being the final tranche of the project Nollywood Innovative Distribution Fund.
The disbursement of the grant was confirmed in a statement issued by the ministry in Abujaon Friday.
The statement signed by the Deputy Director of Information in the ministry, Mrs. Patricia Deworitshe, said before the current disbursement of N420.2m, the ministry had released the sum of N1.33bn as the first tranche to 105 beneficiaries.
It said the objective of the grant was to sustain the growth of Nigeria’s movie industry, encourage it to realise its potential of being a significant creator of employment and considerable contributor to the Gross Domestic Product, as well as address some of the key challenges facing the industry.
It said the fund aimed to improve and promote key components of the value chain through the provision of grants to support existing or aspiring practitioners in the industry, including those in the Diaspora.
The statement described the initiative as a huge success, adding that during the monitoring and evaluation of the first tranche of disbursement, the Project Implementation Unit recorded a number of achievements in line with the objectives of the programme.
It said through the fund, 15 community cinemas and viewing centres had been established and this had improved the distribution network of movies in Nigeria.
The statement also noted that the scheme had supported 18 firms in strengthening online film distribution platforms, adding that this had helped curb illegal downloads and piracy.
It said that 256 permanent jobs and 544 temporary jobs had been created through the financial support provided to 105 beneficiaries by the scheme.
The statement read in part, “The programme has equally aided the extension of the Nollywood industry to sub-Sahara Africa through the funding of national distributors to expand their distribution capacity and network. The national distributors are expanding their capacity to lip-synch their content in French for onward distribution to the ECOWAS sub-region.
Seplat Appoints Emeka Onwuka as CFO, Executive Director
Seplat Named Emeka Onwuka as CFO and Executive Director
Seplat Petroleum Development Company Plc has appointed Mr. Emeka Onwuka as the Chief Financial Officer (CFO) and Executive Director of Seplat, effective from August 1, 2020.
In the statement signed by Mrs. Edith Onwuchekwa, Company Secretary and Chief Governance Compliance Officer, and released through the Nigerian Stock Exchange, Mr. Onwuka has more than 30 years of experience in financial services within Sub-Saharan Africa.
“He has acted as the voice and face of major financial institutions in Nigeria as former Group Managing Director /CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited. Mr Onwuka is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria,” the Company stated.
“Mr Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka and holds an MBA from the University of Benin. He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, a Fellow of Chartered Institute of Taxation of Nigeria. He has attended executive programs at the Lagos Business School, Wharton Business School and Harvard Business School.
“Mr. Onwuka holds the Nigerian National Honour, Officer of the Order of the Niger (OON). The Board of Seplat is confident that the wealth of knowledge and experience he brings will be a great addition to the Company.
“This announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules.”
TAJBank Joins e-Commerce Giants- Launches Nigeria’s 1st Ethical Online Mall
TaJBank Launches Ethical Online Mall
Abuja Nigeria July 8th, 2020 Nigeria’s most innovative Non-Interest Bank, TAJBank, has announced the highly anticipated launch of TAJMall, the nation’s first ethical online shopping mall.
The highly anticipated launch of the e-commerce site, which held recently, is coming closely on the heels of the commencement of its Agency Banking Network which began in June across thirteen (13) states in the country.
To celebrate this milestone, the brand will be holding a week long TAJMall campaign from 6th – 11th July 2020 to sensitize and also reward its new customers to its platform.
“This is a great milestone as we present a fully customer focused e- commerce platform offering 100 percent authentic brands from highly vetted vendors. Our mission is to rebuild trust in the online shopping niche, hence the emphasis on our platform being an ethical shopping mall. We want to deliver on our promise and make this an enjoyable and safe experience not just for our customers, but also for our numerous trusted vendors as well,” said Founder/COO TAJBank, Hamid Joda.
“Our customers place absolute trust that goods will be delivered exactly as requested, and we do not take that trust lightly, he added.
The brand expressed commitment to continuously deploy technological tools on it’s new e- platform to maintain optimal customer service delivery and ensure shopping on TAJMall remains a productive and hassle free experience.
Customers who log onto the tajmall.ng platform (or download the app), will have the opportunity to enjoy massive price slashes, shopping coupons, free shipping and other incredible offers. The Bank also intends to offer financing to its customers who shop on the mall.
“Well beyond our exciting line up of activities, they are assured the highest level of value each time they make a purchase on TAJMall. Our marketing insights have shown that there is an increasing need to match the kind of variety in product offerings that customers yearn for with the exceptional shopping experience that may at times be lacking. We aim to make that an unmatched experience right from the moment our customers visit our mall to the receipt of their items,” affirmed Co-Founder/CMO, Mr Sherif Idi.
Customers shopping on TAJ Mall are guaranteed 100% authenticity, official warranties from the brands, and a 5 day return policy at no extra cost to the customer.
Warren Buffet to Give Out Another $2.9bn, Total Donations Now $37bn
Warren Buffet Gives Away $2.9bn, Total Donations Now $37bn
Oracle of Omaha, Warren Buffet, has announced his yearly charitable donations to the five philanthropies he picked to donate most of his fortune to.
The billionaire plans to give out 15.9 million class B shares of Berkshire Hathaway worth $2.9 billion to the five philanthropies. This will bring his total philanthropic donations to $37 billion since 2006.
Buffet, who has promised to give away about 99 percent of his fortune, still hold 248,734 Class A shares of Berkshire valued at around $67.5 billion.
However, before he began given out his shares, Oracle of Omaha held 474,998 Class A shares of Berkshire, which would have worth about $129 billion as of today.
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