Business
Sprite Partners Filmhouse in West African Premiere of ‘Black Panther’ Sequel
By Edozie Obasi-Eze
In the spirit of celebrating African history through entertainment, Coca-Cola Nigeria’s beverage brand, Sprite, has partnered with Filmhouse Cinemas for the West African premiere prior to the global premiere of the ‘Black Panther: Wakanda Forever Film, the follow-up to the Chadwick Boseman-starring original, at Filmhouse IMAX in Lekki, Lagos.
Biztellers reports that the premiere will adopt an ‘afro-celebratory’ theme that promises to be a grandiose showcase of African culture through costumes, venue decor, food, and music.
In his remark, Marketing Director, Coca-Cola Nigeria, Yusuf Murtala, reiterated the importance of celebrating history in a fashion that inspires and fuels ambition. He explained saying, “Coca-Cola alongside its other brands like Sprite would continue to support entertainment, globally and locally, especially those that resonate with youths and promote Africa’s rich culture and heritage”.
Sprite seeks to connect with its consumers through music and film that speaks to the heat in their lives, as it provides platforms with content from fearless artists/producers who take on the heat, using their creativity to make pieces that fans love and that speaks to them to create refreshing moments of clarity.
On his part, the Chief Cinema Operating Officer of Filmhouse Cinemas, Dr. Onamari Horsefall said, “Black Panther is a story carved out of African culture and history. It illustrates the heights Africa can reach if its economic and technological strategies are sound”. He praised Sprite for the sponsorship and noted how much the brand has done to promote fun times and refreshments for its consumers.
Recall that Sprite recently announced the launch of a new campaign, Sprite Limelight, which sought to bring to realization, the purpose, and aspirations of youths and support them at the apex of their heat period by cooling them down through music.
The new music program was part of Sprite’s new global brand narrative, Heat Happens, which positions the brand as the drink that helps the youth cool down in the face of everyday heated moments. It was one musical starting point reinterpreted through different creative and cultural lenses and was released in collaboration with top artists and headlined in Nigeria by youth sensation, Omah Lay.
Filmhouse Cinemas, the sole distributor of the sequel in West Africa, pledges to continuously play facilitatory roles in delivering memorable premieres to the Nigerian audience, with Horsefall stating that “‘Black Panther: Wakanda Forever’ will not be an exception”.
‘Black Panther: Wakanda Forever’ will be the final film in phase four of the Marvel Cinematic Universe (MCU).
Business
CBN Extends Suspension Of Cash Deposit Fees
In an effort to ease financial transactions, the Central Bank of Nigeria (CBN) has extended the suspension of cash deposit processing fees from September 30, 2024, to March 31, 2025.
In a letter addressed to banks and financial institutions, signed by the Director of Banking Supervision, Adetona Adedeji, the CBN referenced its previous directive, which had initially suspended the fees until September 30, 2024.
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The suspension applies to cash deposits exceeding N500,000 for individuals and N3 million for corporate accounts.
Hitherto, individual accounts are charged a 2% processing fee, while corporate accounts incur a 3% fee on excess deposits.
The CBN reiterated that all regulated financial institutions are required to continue accepting cash deposits from the public without any charges during this extended period.
The letter reads, “Further to our letter dated May 6, 2024, referenced BSD/DIR/PUB/LAB/016/023, the Central Bank of Nigeria (CBN) hereby extends the suspension of processing charges on cash deposits above N500,000 for individuals and N3,000,000 for corporates. The previous suspension, set to expire on September 30, 2024, has now been extended until March 31, 2025.”
“This suspension pertains to the 2% and 3% fees outlined in the ‘Guide to Charges by Banks, Other Financial Institutions and Non-Bank Financial Institutions,’ issued on December 20, 2019.”
Recall that in 2019, the Central Bank of Nigeria (CBN) unveiled a plan to introduce fees on cash deposits and withdrawals, set to take effect from September 19, 2019.
The bank explained in a publicly shared circular that the move was part of efforts to limit cash usage and improve the collection of government revenues.
At first, these charges were only applicable to customers in Lagos, Ogun, Kano, Abia, Anambra, Rivers, and the Federal Capital Territory (FCT).
The CBN also outlined that the policy would be rolled out nationwide by March 31, 2020, as part of its cash-less initiative.
In December 2023, the CBN instructed banks and other financial institutions to halt the application of fees on large cash deposits.
This temporary suspension was originally planned to last until September 30, 2024.
Business
Dangote, Gates Headline Relaunch Of Capital Campaign For Africa
The Capital Campaign for the Africa Center was relaunched at the sidelines of the ongoing United Nations General Assembly (UNGA) in New York on Wednesday.
To highlight its importance, Africa’s richest man, President Dangote Group, Alh Aliko Dangote and Co-Chair, Bill and Melinda Gates Foundation, Bill Gates led other notable captains of industry from Africa and the United States of America (USA) graced the event.
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Prominent among those spotted therein include, Chairman, Oriental Energy Resources, Mohammed Indimi; Group Executive Director, Commercial Operations, Dangote Industries Limited (DIL), Fatima Aliko Dangote and Co-Chair, Africa Center, Chelsea Clinton.
Also the elite group are, President/Chief Executive Officer, DIL, Aliko Dangote; Co-Chair, the Bill and Melinda Gates Foundation, Bill Gates; Commissioner for Cultural Affairs, New York City, Laurie Cumbo and Chairman, Afreximbank, Benedict Oramah.
Business
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