NEWS

FG Disburses 2nd Batch Of ₦5 Billion Creative Fund To Nollywood

Published

4 days ago

June 28, 2024

FG disburses 2nd batch of ₦5b creative fund to Nollywood | Fab.ng

The Nigerian government just gave another round of creative fund to support the country’s creative industries. This money comes from a special fund called the Creative Fund, which was set up in December 2023 with the help of Providus Bank.

Fegho-x Umunubo, who works for the Vice President’s office and focuses on digital and creative businesses, announced the news on Instagram this week. This is the second batch of money to be given out from the ₦5 billion (around $12 million) total fund.

“Update: ₦5 Billion Creative Fund Second Batch Launch. Under the renewed Hope Agenda of Mr. President, Bola Ahmed Tinubu (GCFR), we successfully launched the second batch of the N5Billion Creative Fund in partnership with Providus Bank at Eko Hotels and Suites last week Friday,” he said.

“Following the successful disbursement of ₦1.5 billion to four actors/producers for their movie projects, we are excited to support even more creative projects. If you know someone looking for funding for their creative project, share this email address: [email protected],” he added.

View this post on Instagram

A post shared by Rahama Sadau (@rahamasadau)

The financial world hasn’t always paid much attention to Nigeria’s creative industries, like filmmaking. But things are changing. Afrobeats music has exploded in popularity worldwide. Streaming services like Netflix and Prime Video are putting big money into creating new Nigerian content.

This new interest is a double-edged sword.

On the one hand, it means more money is flowing into Nigerian creativity. This is especially good news for Nollywood, Nigeria’s giant film industry. The Creative Fund is a great example – it can help filmmakers and actors make even better movies.

But there’s a flip side. Some filmmakers might feel pressure to make movies that appeal to a global audience instead of focusing on stories Nigerians themselves want to see. The hope is that the Creative Fund can help filmmakers create content for Nigerians, while still attracting attention from around the world. If managed well, this fund could be a game-changer for Nollywood!

Get more updates here.

Related Topics:creative fund FG Movies Nollywood

Up Next

Olamide’s New EP, ‘Ikigai’ Sets Record For Opening Day Streams On Spotify Nigeria

Don't Miss

NFVCB Warns Filmmakers, Skit Makers Against Production Of Same-Sex Relations Contents

Click to comment

You must be logged in to post a comment Login

ENTERTAINMENT

Gospel Singer Peterson Okopi Announces His Engagement

Published

9 hours ago

July 2, 2024

Reporter

Peterson Okopi Announces His Engagement | Fab.ng

Peterson Okopi and Prudent Gabriel‘s engagement has got social media busy since it happened. The Nigerian gospel singer recently proposed to his girlfriend. This was an exciting moment for the two of them.

On July 1, 2024, Peterson shared this happy news with his fans. He did this by posting on Instagram.

In these pictures, Peterson can be seen standing in a special area he had set up for the proposal. There were many flowers around him, making the setting look beautiful and romantic. Behind Peterson, there was a sign that said “Will you marry me?” This is a common phrase used when someone is proposing marriage.

The pictures show Peterson waiting for Prudent to arrive at this special setup.

He was likely feeling nervous and excited as he waited to ask her this important question.

His caption read, “IN THE BEGINNING… Happy New Month, Family.”

View this post on Instagram

A post shared by PETERSON OKOPI🇳🇬 (@okopi_peterson)

Also, Peterson shared a post that his fiancée had made. In this post, Prudent showed a picture of her new engagement ring. She looked very happy and excited in the picture.

Prudent wrote a message with her picture. She said, “I Said Yes To The One That God Purposed Specially For Me. I love you so much, babe.” This shows how much she cares for Peterson.

View this post on Instagram

A post shared by Prudent🦋 (@prudent_gabriel)

Peterson also posted a video on YouTube. It showed the romantic moment when Prudent walked in and saw Peterson’s proposal setup. It captured their emotional reactions during this special time.

In the video, Peterson talked about the first time he met Prudent. He said that when he saw her for the first time, his heart leapt. The video and posts show how happy Peterson and Prudent are about their engagement. They wanted to share their joy with their fans and followers.

“The very first day I met Prudent, my heart leapt, and I called her Ohi, which means beauty, and for every day I have spent with her, I have gotten to see the beauty in life with God. We have always trusted in God to be the major factor in our relationship while we trust him for a beautiful future,” he confessed.

Peterson talked about the things he loves most about his fiancée, Prudent.

He said that she has all the qualities he had always hoped for in a partner. Indeed, she matches everything he had prayed for in a life partner.

He said, “Prudent has a heart for God and for people, and she is a giver, and I’ve always prayed to God to bless me with a giver, and the Lord presented me with Prudent. Prudent is a prayer answered; she is my friend, and she is everything.”

When Peterson shared the news of his engagement, many people were very happy for him. His fans, the people who follow him on social media, and other famous people all showed their excitement.

These people expressed their happiness in the comment section.

Actress Juliana Olayode commented, “July never even start….. Fada Lord!!!!!!!! Congratulationssssssssss Just send my aso ebi please and show us awa wife thank you😂😂😂🎉🎉🎉🎊🎊🎊 #kingdommarriage everywhere 2024 choke😂”

Check out more updates here.

MUSIC

Burna Boy Sets African Spotify Record For Opening Day Streams For A Solo Song

Published

1 day ago

July 1, 2024

Reporter

Burna Boy sets Spotify record for opening day streams | Fab.ng

Burna Boy, a Nigerian musician, has become one of the world’s biggest artists since 2018. That year, his song ‘YE’ became very popular internationally. Since then, his songs, albums, and concerts have set many records for African music.

Recently, Burna Boy has set another record. His new song ‘Higher’ has achieved the most streams on its first day for a solo single on Spotify Nigeria. This information comes from TurnTable Charts, a company that tracks music popularity.

On its first full day after release, ‘Higher’ was played 530,792 times on Spotify Nigeria. This number is higher than the previous record. The old record was held by another Nigerian artist, Wizkid, whose song ‘Diamond’ was played 518,000 times on its first day.

.@burnaboy’s “Higher” sets a new record for the biggest opening day streams on Spotify Nigeria for a solo single

The song tallied 530,792 streams on Spotify Nigeria in its first full day of release— surpassing the previous record of @wizkidayo’s “Diamonds” 518K and @davido’s… pic.twitter.com/o9IrMf5eCY

— TurnTable Charts (@TurntableCharts) June 29, 2024

Burna Boy’s ‘Higher’ also set a new record for the most streams on the first day for a solo song by any African artist. This information was shared by Chart Data, a platform that reports on music chart news. Before ‘Higher’, Burna Boy held this record with his 2023 song ‘City Boy’, which was nominated for a Grammy award.

.@burnaboy‘s “Higher” earns the biggest streaming debut for a solo song by an African artist in Spotify history, surpassing his own “City Boys”. pic.twitter.com/SPZcfmoudX

— chart data (@chartdata) June 29, 2024

These achievements show that Burna Boy is a global superstar. His music is setting new standards for African artists and is becoming more popular worldwide.

Burna Boy has been setting many records throughout the year.

One of his biggest achievements was his concert at the London Stadium. He became the first African artist to sell out all tickets for this venue twice. He was also the first African artist to headline two stadium concerts in the United Kingdom.

In addition to his success in the UK, Burna Boy has set records in North America. He now holds the record for the highest-grossing concert by an African artist in the United States. This means his concert made more money than any other African artist’s concert in the US. He also set a record in Canada, achieving the highest-grossing tour by an African artist in that country.

All these accomplishments demonstrate Burna Boy’s growing popularity and influence in the global music industry. He is not only succeeding as an African artist but is competing at the highest levels of international music. His continued success is helping to bring more attention to African music on the world stage.

Burna Boy’s journey from his breakout hit ‘YE’ to his current status as a record-breaking global star shows his growth as an artist and the increasing global appeal of African music. His achievements are opening doors for other African artists and changing perceptions of African music worldwide.

MOVIES

“Lakatabu” Leads Nollywood As Hollywood Dominated Box Office In June

Published

1 day ago

July 1, 2024

Reporter

'Lakatabu' leads Nollywood in box office all through June | Fab.ng

Nigerian movie lovers and “Lakatabu” lovers get ready for exciting news! The Cinema Exhibitors Association of Nigeria (CEAN) has released new data about movie performances in Nigerian cinemas for June 2024. This information shows an interesting trend in the Nigerian film industry.

Throughout the entire month of June, Hollywood movies were the most popular at Nigerian box offices. They consistently earned more money than Nigerian-made films, known as Nollywood movies. This pattern highlights that many Nigerian moviegoers prefer American films over local productions.

However, one Nollywood film did particularly well during this period. From June 21 to June 27, 2024, a movie called “Lakatabu” was the highest-earning Nigerian film. It made almost 65 million Naira at the box office, which is a significant amount. In fact, “Lakatabu” was the second-highest-grossing movie overall during this time, with a total of 64.8 million Naira.

“Lakatabu” is mainly in the Yoruba language, one of Nigeria’s major languages. It was both directed and produced by Odunlade Adekola, who is also an actor. Adekola plays the main character in the movie as well.

The story of “Lakatabu” is quite intense. It follows the main character, Lakatabu, who is an armed robber with magical powers. He causes a lot of fear and harm, terrorizing, kidnapping, and even murdering people. However, the plot takes an unexpected turn when Lakatabu starts receiving threats from his rivals. The film explores the challenges Lakatabu faces, the fear he creates in others, and what happens as a result of his power.

View this post on Instagram

A post shared by CEAN (@ceanigeria)

Despite “Lakatabu’s” success, it wasn’t the top-earning movie overall. That honour went to a Hollywood action comedy called “Bad Boys: Ride or Die”. This movie, starring famous actors Martin Lawrence and Will Smith, earned 62.2 million Naira.

The last time a Nollywood movie was the highest-grossing film in Nigeria was back in May 2024. During the week of May 17 to May 23, a movie called “Funmilayo Ransome-Kuti“, directed by Bolanle Austen-Peters, earned almost 47 million Naira.

Three other Nollywood movies also made it onto the list of top-earning films, though they didn’t make as much money as “Lakatabu”. These were “Muri and Ko” (directed by Biodun Stephen), which earned 22.3 million Naira; “Criminal” (directed by first-time filmmaker Dolapo Adigun), which made 4.1 million Naira; and “Offshoot” (directed by Ayeny T. Steve), which brought in 2.7 million Naira.

Several other Hollywood movies were also popular in Nigerian cinemas during this time. These included action and animated films like “Furiosa: A Mad Max Saga”, “Inside Out 2”, “The Watchers”, “Kingdom of the Planet of the Apes”, and “The Garfield Movie”.

This data from CEAN provides valuable insights into the current state of the Nigerian film industry and the preferences of Nigerian moviegoers.