NEWS

WATCH: Yemi Osinbajo Talks On Recession, Anti-Graft War And Recent Judges Arrest.

Published

8 years ago

October 19, 2016

Vice President, Yemi Osinbajo was a guest on the maiden edition of Channels Television‘s Hard Copy with Maupe Ogun.

He spoke on the fight against corruption, economic recession, calls for restructuring, and the arrest of judges a couple of days ago.

Speaking on the arrest of judges, Osinbajo said that the federal government is following the law in prosecuting judges alleged of misconduct and corruption, adding that Nigeria is not a society where someone is tied to a stake and shot for having being indicted of corruption.

Source: bellanajia

BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

Published

15 hours ago

October 29, 2024

Reporter

Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

“Our mission is to help our customers solve their challenges by making our platform more innovative, transparent, and secure. The proceeds from this raise will speed up our efforts to drive financial inclusion and support Africa’s entrepreneurial potential. I want to sincerely thank the entire Moniepoint team for making this achievement possible. We’ve been encouraged by the diversity and huge swathe of those who have found value in our platform and the services we provide in helping to create financial happiness. But, we’re just getting started, as it is just day one from here.”

DPI, Google’s Africa Investment Fund, and Verod have participated in Moniepoint’s latest fundraising round, joining the ranks of established investors such as QED Investors, Novastar Ventures, Lightrock, British International Investment, Global Ventures, Endeavour Catalyst, and New Voices Fund.

Get more business updates here.

ENTERTAINMENT

Lights, Camera…Naija! Netflix Unveils Ebuka Obi-Uchendu As Host

Published

2 days ago

October 28, 2024

Reporter

Ebuka Obi-Uchendu Host For Lights, Camera… Naija | fab.ng

Netflix has tapped Nigerian TV sensation Ebuka Obi-Uchendu to host the upcoming second edition of Lights, Camera… Naija! The streaming giant made this official announcement ahead of the November 2, 2024 event.

As an award-winning host, Ebuka will lead the celebration of Nollywood’s brightest stars, industry veterans, and key stakeholders. Additionally, his influence in Nigerian media remains unmatched, as he frequently dominates social media conversations with his impeccable fashion choices and charismatic presence.

This year, the event revolves around the theme “Pioneers, Pillars, and Players.” Subsequently, this theme honors three distinct groups: the legendary founders who built Nollywood’s foundation, the behind-the-scenes experts who maintain the industry’s momentum, and the talented actors who capture global audiences.

Furthermore, the event draws an impressive crowd of industry professionals, musicians, and celebrities. Together, they gather to recognize both on-screen talent and the unsung heroes working behind the cameras.

Meanwhile, Netflix continues to dominate Nigeria’s streaming market. Consequently, their commitment to content diversity shows in their extensive library, which includes short films, feature films, TV series, and even gaming options. Most importantly, they offer these entertainment choices across multiple genres and languages.

Through this event, Netflix demonstrates its dedication to celebrating Nigerian entertainment. As a result, Lights, Camera… Naija! serves as a platform to acknowledge the past, present, and future of Nollywood’s entertainment landscape.

Finally, the collaboration between Netflix and Ebuka Obi-Uchendu promises to deliver an unforgettable celebration of Nigerian cinema and its talented community.

MOVIES

Idris Elba To Relocate To Africa To Support Its Film Industry

Published

6 days ago

October 24, 2024

Reporter

Idris Elba to relocate to Africa to support its film industry | fab.ng

British actor, Idris Elba has revealed his plans to relocate to Africa within the next decade. Motivated by a desire to contribute to the continent’s film industry, Elba expressed his intentions at a film industry event in Ghana. Interestingly, Elba has Ghanaian and Sierra Leonean heritage.

As part of his vision to bolster African filmmaking, Elba teased upcoming projects. This involves the establishment of film studios in Zanzibar, Tanzania, and Accra, Ghana.

“I would certainly consider settling down here; not even consider, it’s going to happen, I think I’ll move in the next five, 10 years, God willing. I’m here to bolster the film industry – that is a 10-year process – I won’t be able to do that from overseas. I need to be in-country, on the continent,” he said.

Idris Elba had previously hinted at his involvement in a TV series adaptation. Consequently, the series is Chinua Achebe’s acclaimed novel, Things Fall Apart. Elba expressed his intention to portray the main character, Okonkwo.

While this announcement sparked concerns among Nigerians, Elba emphasized his commitment. He would use his platform to advance the African film industry.

“I’m here to bolster the film industry—that is a 10-year process. I won’t be able to do that from overseas. I need to be in-country, on the continent,” he said.

He emphasized that staying in one location would limit his freedom. So, he refuses to confine to a single place.

“I’m going to live in Accra, I’m going to live in Freetown Sierra Leone’s capital, I’m going to live in Zanzibar. I’m going to try and go where they’re telling stories – that’s really important,” he added.

Finally, he concluded by emphasising the need to correct wrong narratives about Africa held by non-Africans.

“If you watch any film or anything that has got to do with Africa, all you’re going to see is trauma, how we were slaves, how we were colonised, how it’s just war and when you come to Africa, you will realise that it’s not true. So, it’s really important that we own those stories of our tradition, of our culture, of our languages, of the differences between one language and another. The world doesn’t know that,” he concluded.

Get more updates here.