What Nigerians watched on TV during festive season

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What Nigerians watched on TV during festive season

MultiChoice Nigeria’s DStv and GOtv platforms have emerged as Nigerians’ preferred Pay-TV service providers for home entertainment during the festive season of November and December 2019, into January 2020. This was revealed in a newly published independent report which surveyed hundreds of Nigerians from various walks of life in 27 states across the country.

According to the report published by Nigerian Entertainment Today (theNETng), 52% of respondents say that watching some form of TV at home is their preferred festive season activity, while over 48% of Cable TV customers say that DStv is their preferred service provider throughout the festive period, including during the Christmas and New Year holidays. 33% chose GOtv as their primary source of TV content.

The survey which had over 80% of its respondents under the age of 35 also suggests that watching TV was the overwhelmingly most popular activity amongst young people during the festive season. Only about 30% of respondents say they spend most of the festive season going out to visit family and friends or to party. The report also provides some insight into the most popular programming types among young pay-TV subscribers in Nigeria. 47% of respondents say they watch mostly foreign movies on their pay-TV services, while 12% watch mostly Nigerian movies on channels such as Africa Magic. 16% of respondents watch mostly football and sports, while 11% spend most of their time watching music shows during the holiday season.

While highlighting the consumption behaviour of content consumers in the country during the end of year festive season, this report has further reconfirmed the acceptance of DStv and GOtv amongst Nigerians. With the recent launch of new DStv packages; DStv Confam and DStv Yanga which are specially customized for Nigerians, MultiChoice aims to unlock a new level of entertainment and value for customers, giving them improved choices and a brand new, more-value-for-money experience. During the festive season, some of the main attractions on DStv included live broadcast of sports and events. Football fans were glued to their screens watching a number of Premier League fixtures with the top English clubs all playing through Boxing Day and into the New Year. Also, Nigerians were able to enjoy the country’s biggest festivals; Calabar Carnival, The Experience and Lagos Countdown from the comfort of their homes on DStv Channel 198.

What is an Authentic Scotch Whisky? MacArthur’s has the Answer

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What is an Authentic Scotch Whisky? MacArthur’s has the Answer

MacArthur’s have been making Scotch Whisky for over 140 years, so if anyone knows what a Scotch Whisky is, it must be MacArthur’s!

What Is a Scotch Whisky?

  • By law, it must have been distilled in Scotland (the birthplace of Whisky)
  • It must mature for a minimum of 3 years in wooden casks in Scotland

MacArthur’s Blended Scotch Whisky has officially launched in Nigeria and is available at stores such as Shoprite and Spar.

To deliver that unmistakable taste of authentic Blended Scotch Whisky, MacArthur’s selects single malt whiskies from the four major whisky-producing regions of Scotland which have been aged in oak casks in Scotland for a minimum of 3 years. These are then expertly blended with superior grain whiskies, to bring you the light, smooth, flavoured and satisfying taste of MacArthur’s Scotch Blended Whisky.

Don’t be confused by the fantastic introductory price, those that know, understand that MacArthur’s is a genuine Scotch Whisky, the equal of any Blended Scotch Whisky you can buy.

Are you one of those that know?

Join The Mac Vibe and Win Cash Prizes!

There are six cash prizes of N50,000 to be won For those that know how to enjoy the superior taste of MacArthur’s Blended Scotch Whisky!

To Win:

  • Share a cool photo of yourself enjoying an opened bottle of MacArthur’s Blended Scotch Whisky with friends on our Facebook or Instagram page.
  • Mention or tag us with the hashtag #TheMacVibe, we’ll repost it on our page.
  • Get your friends to like your entry on our page.
  • The 6 posts with the most likes and comments will each win a bottle of MacArthur’s and a N50,000 cash prize!

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Union Bank of Nigeria Plc Announces Issuance of Up to N20 Billion in Series 3 and 4 Commercial Paper

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Union Bank of Nigeria Plc Announces Issuance of Up to N20 Billion in Series 3 and 4 Commercial Paper

LAGOS, NIGERIA – January 17, 2020 – Following the successful registration of its N100 billion Commercial Paper (“CP”) Programme in 2018, Union Bank of Nigeria Plc. (“Union Bank” or “The Bank”) is set for its Series 3 and 4 CP issuance.

This follows the debut issuance of the Series 1 and 2 offer in the domestic capital markets, which successfully raised N24.3 billion in January 2019.

The 180-day and 268-day offer for the Series 3 and 4 respectively, opened on January 16, 2020, and is scheduled to close on January 21, 2020, with a target issuance size of N20 billion across both tenors. The CP offer is targeted at institutional investors including pension and non-pension asset managers, as well as eligible high net-worth investors.

The new funding is expected to provide the Bank with further working capital as it delivers on its promise to be Nigeria’s most trusted and reliable banking partner.

Union Bank is one of Nigeria’s leading financial service institutions, with approximately 5.6 million active customers serviced across 280 branches and cash centres nationwide, an asset base of over N1.8 trillion and total equity in excess of N240 billion as at September 30, 2019.

The Bank has been assigned ratings of A- (Agusto & Co.); A- (DataPro); BBB+ (GCR).

Stanbic IBTC Capital Limited and Union Capital Markets Limited are the Dealers on the Commercial Paper Issuance by the Bank. The Commercial Paper will be listed on the FMDQ OTC Securities Exchange platform.

Access Bank acquires Kenya’s Transnational Bank

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Access Bank acquires Kenya’s Transnational Bank

Nigerian lender, Access Bank Plc, has announced receiving approvals from regulatory authorities in Kenya for the acquisition of Transnational Bank (TNB) Plc.

TNB is a medium-sized commercial bank based in Kenya with great focus on the agricultural sector and significant retail footprints.

In October 2019, the board of Access Bank, via a notice to the Nigerian Stock Exchange (NSE), had said it has obtained a ‘no objection’ of the Central Bank of Nigeria (CBN) to a majority equity stake in TNB.

On Friday, January 17, 2020, the tier-one financial institution, in a disclosure, said it has “now secured the final approvals of all relevant regulatory authorities in Kenya in respect of the acquisition.”

According to the lender, the deal will help in providing cutting edge financial solutions to its clients by leveraging its presence in key payment corridors, strong partnerships in non-presence countries, robust technology platform as well as world-class risk management.

Access Bank said the acquisition of TNB was in line with its strategic objective of becoming Africa’s gateway to the world and ties into its strategy to establish footprints in key African markets, noting that the new development will further complement the bank’s franchise in Rwanda, Congo DRC and Zambia.

“This acquisition aligns with our strategy to become Africa’s gateway to the world and we are excited about the potentials that reside in the East African market,” Group Managing Director of Access Bank, Mr Herbert Wigwe, commented.

“We will leverage our presence in key payment corridors, strong partnerships in non-presence countries, robust technology platform as well as world-class risk management to provide cutting edge financial solutions to our clients,” he said further.

He also said, “We will build on TNB’s existing expertise in agricultural financing and deploy our resources to optimise other business segments. We are committed to supporting the growth and development of our host community in line with our sustainability ethos and are certain that this acquisition will deliver great value to our shareholders.”

Concluding, he expressed optimism that, “Following the receipt of regulatory approvals, we are very confident that the transaction will be completed shortly.”

Afreximbank Signs Term Sheet for $190 Million Facility to Made in Africa Inc.

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Afreximbank Signs Term Sheet for $190 Million Facility to Made in Africa Inc.

Kigali, 17 Jan. 2020: – The African Export-Import Bank (Afreximbank) today in Kigali signed a term sheet with Made In Africa Inc. (MIA) to provide the company with a $190-million facility to finance the acquisition of a company involved in designing, producing and distributing African fashion fabrics.

The facility, broken into two tranches, will also be used to provide working capital following the acquisition.

Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, signed on behalf of the Bank while Kojo Annan, Chairman and Founder of MIA, signed for the company during a ceremony held on the sidelines of the Creative Africa Exchange Weekend (CAX WKND) taking place in Kigali.

CAX WKND, which is featuring more than 2,000 participants and 250 exhibitors from 68 countries, is organised by Times Multimedia and sponsored by Afreximbank and other partners, as the opening act of activities planned under the CAX Programme to bring together African creative talents from the music, arts, design, fashion, literature, publishing, film and television sectors.

Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative (left), and Kojo Annan, Chairman and Founder of Made in Africa Inc., exchange documents following the signing of the term sheet in Kigali.

Afreximbank Announces $500-Million Creative Industry Support Fund as CAX WKND Opens

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Afreximbank Announces $500-Million Creative Industry Support Fund as CAX WKND Opens

Kigali, 17 Jan. 2020: – The Creative Africa Exchange Weekend (CAX WKND), Africa’s first continental event dedicated to promoting exchange within the creative and cultural industry, kicked off in Kigali today with Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) announcing a $500-million envelope to support the production and trade of African cultural and creative products over the next two years.

Afreximbank President Prof. Benedict Oramah speaking at the opening of the CAX WKND in Kigali.

Prof. Benedict Oramah told guests at the opening that the funds, which would build on what the Bank was already doing, would be accessible as lines of credit to banks, direct financing to operators and as guarantees.

He said that the creative economy was increasingly recognized as a significant sector and meaningful contributor to Africa’s gross domestic product and that the cultural and creative industries catalysed economic growth by fostering more inclusive, connected and collaborative societies.

“Creative industries can be potent vehicles for more equitable, sustainable and inclusive growth strategies for African economies,” stated President Oramah.

He, however, noted that, while Africa had a deep pool of talent, it lacked the infrastructure and capacity to commercialize its creative talent and reap the vast fortunes lying in wait.

“Because of underinvestment in the creative and cultural industries, Africa is largely absent in the global market of ideas, values and aesthetics as conveyed through music, theatre, literature, film and television. African countries import overwhelmingly more creative goods than they export or trade amongst themselves,” he noted.

He commended Egypt’s “astronomical growth in creative exports over the last decade” and the Nollywood industry’s increasing importance which had prompted the Nigerian government, in its Economic Recovery and Growth Plan, to forecast export revenues of $1 billion from the industry by 2020.

Prof. Oramah described the African market as the lowest hanging fruit for African creative products but noted that, until recently, “that market was fragmented and balkanized, such that a Senegalese knew more about creative products in France than in Ghana”.

“But today, change has come!” he said. With the African Continental Free Trade Agreement in force and trading starting in July, Africa would begin to break down the borders and a single market for creative products would emerge.

Also speaking, Dr. Ramson Owan, Managing Director of AITEO, stressed the need to focus on the commercial side of Africa’s creative talents and to begin to monetise them.

Rosemary Mbabazi, Minister of Youth and Culture of Rwanda, said that the creative industry would enhance collaboration and cooperation among African countries. The government of Rwanda had envisioned the creative and cultural industries as a key part of its economic strategy.

CAX WKND, which is featuring more than 2,000 participants and 250 exhibitors from 68 countries, is organised by Times Multimedia and sponsored by Afreximbank and other partners, as the opening act of activities planned under the CAX Programme to bring together African creative talents from the music, arts, design, fashion, literature, publishing, film and television sectors.

The consolidated marketplace is providing the opportunity to buyers and sellers of the services of the creative and cultural industries to meet and explore business opportunities, enabling exhibitors and participants to network, consider investment proposals and increase customer base.

The CAX programme is aimed at facilitating investments in the creative and cultural sector through education, trade, industrialisation and provision of critical infrastructure to support economic transformation in alignment with continental initiatives, such as the AfCFTA and the Intra-African Trade Fair (IATF) rolled out by Afreximbank to stimulate trade among African countries. Launched during the inaugural IATF in Cairo in December 2018, CAX is the first exchange of its kind in Africa. CAX WKND will be followed by CAX Week to be held on the sidelines of IATF2020 in Kigali from 1 to 7 September.

Afreximbank Tops Bloomberg 2019 Book Running League Table

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Afreximbank Tops Bloomberg 2019 Book Running League Table

The African Export-Import Bank (Afreximbank) has emerged on top of the Bloomberg 2019 Africa Capital Markets League Tables as the leading Bookrunner in Africa.

The 2019 Africa Capital Markets League Tables released today by Bloomberg showed that Afreximbank was the top Bookrunner for Africa Borrower Loans, ahead of Mitsubishi UFJ Financial Group Inc. and Standard Chartered Bank.

Afreximbank recorded a loan transaction volume of over $2.79 billion or 8.7 per cent of the market share while Mitsubishi UFJ Financial Group Inc. and Standard Chartered Bank accounted for 6.8 per cent and 6.4 per cent of the market shares respectively.

Afreximbank also ranked second among the Mandated Lead Arrangers for Africa Borrower Loans on the League Tables, moving up one place from last year’s ranking. Its market share was 6.7 per cent on a volume of $2.51 billion.

Afreximbank came in behind the Standard Bank of South Africa, which accounted for 8.1 per cent of the market share but was ahead of Eastern and Southern African Trade and Development Bank whose market share stood at 4.5 per cent.

In the Administrative Agent ranking category, Afreximbank came in ninth with a 5 per cent market share and a volume of $1.85 billion. The category leader was Standard Chartered Bank, with a market share of 14.3 per cent, followed by BNP Paribas with 8.4 per cent market share and the National Bank of Egypt with 8.1 per cent market share.

Bloomberg Africa Capital Markets League Tables rank the top arrangers, bookrunners and advisors across a broad array of deal types in Africa.

NSE Delists Continental Reinsurance From Its Daily Official List NSE After Acquisition

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NSE Delists Continental Reinsurance From Its Daily Official List NSE After Acquisition

We refer to our market bulletin of 28 November 2019, wherein the Market was notified of the full suspension placed on the shares of Continental Reinsurance Plc (CRE or the Company) to prevent trading in the shares of the Company beyond the Effective Date of the Scheme of Arrangement by which CRe African Investments Limited (CRE Investments) will acquire all the shares of CRe Nigeria.

Following the conclusion of the above-referenced Scheme of Arrangement, and sequel to the approval of the Company’s application to delist its entire issued share capital from The Nigerian Stock Exchange (The Exchange), please be informed that the entire 10,372,744,312 ordinary shares of Continental Reinsurance Plc were today, Friday, 17 January 2019, delisted from the Daily Official List of The Exchange.

Stop Taking Online Courses for Certifications ONLY!

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Stop Taking Online Courses for Certifications ONLY!

Many people who have taking Google digital marketing skills for Africa have ended up not knowing how to run simple ads and don’t even know what to do next.

Look for courses that will teach you practical steps to doing things. Go to YouTube and search for “how to run Facebook ads from beginner to expert” or “how to run Twitter ads” you will get practical ways to run ads.

Stop taking courses that are theoretical in nature. I remember when I took the Google digital marketing skills for Africa, I did it only for certification and out of curiosity.

Don’t do it for the certification, except you know you can defend your certificate.

Gathering certificates without the ability to apply it in the real world, is not only bad, but you may also get opportunities you can not be able to utilize and that I will say is bad for your reputation.

Written by: Samuel Aboki, Google Certified Digital Marketer | YouTuber | Agricultural Economist | I Promote Nigerians

This week in numbers (January 13 – 17, 2019)

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This week in numbers (January 13 – 17, 2019)

With inflation at 11.98% and Federal Government signing the 7.5% VAT into law. We give a snapshot of leading activities in the Nigerian economy in the 2nd week of 2020…

 

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