Entertainment
Popoola Banks On Nollywood To Boost Capital Market Retail
The Chief Executive Officer of the Nigerian Exchange Limited (NGX), Temi Popoola, is of the view that the domestic entertainment sector, Nollywood, can play a vital role in boosting retail investor activities in the capital market.
The capital market boss, shared his thoughts in a statement made available to Biztellers in Lagos and based his opinion on Nollywood’s appeal to Nigeria’s younger generation.
Popoola expressed his thought at the Closing Gong Ceremony commemorating the final trading day of the year, which was used to celebrate the achievements of Nollywood stalwart and CEO RMD Productions, Richard Mofe Damijo (RMD).
He said, “Nollywood plays a critical role in selling the Nigerian economy and can help to catalyse increased retail investor activity by educating the younger generation to further crowd them into the market.
“Nollywood stakeholders can also leverage the market to raise the capital to fund their businesses and projects, deepening the synergy between the creative sector and the capital market.”
On his part, Damijo noted that it was important that the business community and the creative sector stimulate interactions as both sides had tremendous value to offer each other in the bid to drive the growth of the Nigerian economy.
“We cannot promote Nigeria or attract foreign investment without integrating our art and culture into it,” Damjo said.
He pointed out that other countries who promote their economies on international platforms ride on the wings of their art and culture.
Eloswag, a former contestant on Big Brother Naija Season 7, has broken his silence following the release of his private video online.
The reality star reportedly uploaded a clip featuring himself and an unidentified woman on his Snapchat account at approximately 3 a.m. on Sunday.
Though Eloswag swiftly deleted the video, it had already caught the attention of the internet.
The explicit content quickly gained traction after being reposted by the controversial gossip blog, Gistlover, sparking widespread conversations across social media platforms.
In response to the incident, Eloswag took to X (formerly Twitter) to express his frustration and consider possible legal action.
In a now-deleted post, he wrote, “I mistakenly posted a video on my Snapchat by 3am and deleted it immediately, guess who has the video? GISTLOVER? How? Please, can I sue? Because it doesn’t make sense.”
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The reality star’s reaction highlights the challenges celebrities face when intimate content finds its way online.
While some supporters have shown empathy, others have engaged in heated debates about the responsibility of public figures in handling their digital content.
Eloswag’s predicament places him alongside other Nigerian celebrities who have dealt with similar scandals, such as Moyo Lawal, Tiwa Savage, Oxlade, and James Brown, whose private videos have previously surfaced online.
Legal experts have weighed in on Eloswag’s potential case, noting that while pursuing legal action against individuals or platforms that share such content can be complex, it is not impossible.
The development has reignited discussions on digital privacy and the ethical responsibilities of content-sharing platforms.
As Eloswag’s fans and critics await further updates, the incident underscores the precarious nature of online privacy and the far-reaching consequences of a single momentary lapse.
Nigeria’s Chidimma Vanessa Adetshina has claimed the No. 2 spot on the Miss Universe Pre-Arrival Hot Picks, solidifying her position as a top contender in the upcoming November 16, 2024, pageant.
As excitement builds for Miss Universe 2024, Adetshina’s ranking has sparked national pride and optimism in Nigeria, with many hopeful she could secure the title.
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Adetshina arrived in Mexico last month to prepare for the competition and has since captured widespread attention.
However, her path to Miss Universe has been marked by challenges.
Initially competing as Miss Taraba in Miss Universe Nigeria, she withdrew from the Miss South Africa pageant following online backlash regarding her nationality and accusations of fraud by the South African Home Office.
This setback, however, did not deter her ambitions.
Her current standing as a top pick underscores her growing international recognition and support, positioning her as a formidable contender ahead of the competition.
Many have taken to social media to voice their support, with some declaring her Nigeria’s best chance yet to secure the Miss Universe crown.
Nigerians have been ranked among the top social media users globally, with 2024 data positioning the country fifth in the world for average daily time spent online.
According to figures from Cable.co.uk and We Are Social, shared by World of Statistics on X, Nigerians spend an average of 3 hours and 23 minutes per day on social media.
Leading the global list is Kenya, where users spend the most time on social media at 3 hours and 43 minutes daily. South Africa follows closely with 3 hours and 37 minutes, Brazil with 3 hours and 34 minutes, and the Philippines at 3 hours and 33 minutes.
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With an average of 3 hours and 23 minutes, Nigeria ranks just behind these top four countries in social media engagement.
Other nations with notable social media usage include Colombia at 3 hours and 22 minutes, Chile and Indonesia both at 3 hours and 11 minutes. Completing the top ten are Saudi Arabia and Argentina, with daily averages of 3 hours and 10 minutes and 3 hours and 8 minutes, respectively.
By comparison, some countries report lower social media usage. Ghana averages 2 hours and 43 minutes, Egypt 2 hours and 41 minutes, and Thailand 2 hours and 30 minutes.
Among European countries, social media engagement is generally lower, with Portugal averaging 2 hours and 23 minutes, Romania 2 hours and 20 minutes, and Italy 2 hours and 17 minutes, highlighting significant regional variations in social media usage.
Full list:
Kenya – 03:43
South Africa – 03:37
Brazil – 03:34
Philippines – 03:33
Nigeria – 03:23
Colombia – 03:22
Chile – 03:11
Indonesia – 03:11
Saudi Arabia – 03:10
Argentina – 03:08
Mexico – 03:04
Malaysia – 02:48
Ghana – 02:43
Egypt – 02:41
Thailand – 02:30
Bulgaria – 02:26
Vietnam – 02:23
Portugal – 02:23
Romania – 02:20
Italy – 02:17
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