Broadcasting
NEPC, NFC, Others Team up to Export Entertainment Industry
The Nigerian Export Promotion Council (NEPC), World Bank, National Film and Video Censors Board (NFVCB), Nigeria Film Corporation (NFC) and Nigerian Copyright Commission (NCC) have joined forces to ensure that the Nigerian entertainment industry is taken to the international market.
Already, the World Bank has set aside a whopping $20 million for the project termed, “Harnessing the Nigerian Entertainment industry for Formal Export,” which they believe will earn Nigeria huge revenue in foreign exchange.
David I. Adulugba, NEPC Executive Director/CEO of NEPC said that the agency noted that “part of the NEPC strategy was to facilitate opportunities for entrepreneurs who wish to go into exports.”
He said the NEPC is doing collaborarative efforts as well as partnering with relevant agencies and stakeholders to see how “our music producers can be granted access to finance their productions.”
The NEPC boss also criticised the activities of pirates, whom he said have rubbished the success the music industry has recorded, adding that “piracy has affected the careers of many Nigerian musicians that could have contributed to the global music industry, which value he put at about $40 billion.
Adulugba said he believed that collaboration would mark the beginning of milestone towards the development of the entertainment industry as one of the products that can increase the basket of exportable products from Nigeria.
M. O. Ibrahim, area controller, South, also said the NEPC had identified entertainment industry as one with huge potential in terms of generating foreign exchange earnings for Nigeria.
He said with cooperation, the collaboration effort would be able to uplift the fortunes of the entertainment industry to the benefit of the nation.
He pointed out that since the works of Nigeria’s entertainment industry have a global audience, such should spur the collaborating efforts opportunity to take a closer look at the industry and work out strategies to move it ahead.
NEPC explained that the Nigerian music industry produces an average of 550 albums of different types of music annually, adding that an estimated 1,200 concerts and musical shows take place every year and account for a combined annual turnover of US$105.5 million.
While the mapping of the creative industries of Nigeria still has not been done, it is time that the Federal Government should consider the contribution of the creative industries to the gross national product very seriously.
The United Nations’ Creative Economy Report 2008 demonstrates that creative industries are powerful engines for economic growth and trade development in developing countries. This is true not only in terms of direct economic impact from the sale of goods and services but, importantly, also as a multiplier in other sectors by stimulating new business opportunities and enhanced capacity.
The global market for traded goods and services of the creative industries has enjoyed unprecedented dynamism in recent years. Their global export value reached $424.4 billion in 2005, accounting for 3.4% of world trade, compared with $227.4 million in 1996, according to the United Nations Conference on Trade and Development. Over the period from 2000 to 2005, creative industries’ share of global markets grew at an annual rate of 8.7%, a trend that is likely to continue, given the positive prospects for global demand. Exports of creative services increased by 8.8% annually, rising from $38.2 billion in 1996 to $89 billion in 2005.
While developed countries have dominated both export and import flows, developing countries year after year have increased their share in world markets for creative products, and their exports have risen faster than those from developed countries.
Exports of creative goods from developing economies accounted for 29 per cent of world exports of such goods in 1996 and reached 41 per cent in 2005, with China alone accounting for 19 percent.
University of Lagos (UNILAG), Akoka, has officially banned skitmaking, content creation and other video recording activities within its campus and hostels without prior authorization.
Mrs. Adejoke Alaga-Ibraheem, head of Communication, UNILAG, in a statement, said that the ban followed growing concern over the increasing use of university facilities for unapproved video productions, including comedy skits, vox pops and film shoots.
“The attention of the University Management has been drawn to the rising use of the University premises, including hostels and other facilities, for shooting of films, videos, skits, and similar cinematographic activities without proper authorisation,” parts of the statement read.
According to UNILAG, the decision aims to safeguard the institution’s image, maintain decorum within the academic environment, and ensure that its premises are not misrepresented in online or public content.
The university emphasized that any individual, whether a student, staff member, or external party, must seek and obtain formal approval from the institution’s Communication Unit before carrying out any form of recording or production on campus.
While acknowledging the importance of creative expression and media engagement, UNILAG maintained that all such activities must comply with its established rules and procedures to preserve order and safety.
The statement also appealed to members of the university community and the general public to strictly adhere to the new directive “in the interest of order, safety, and collective responsibility”.
Multichoice Nigeria Limited has been been ordered by Lagos Court to pay damages for breaching consumer rights, in rulings hailed by regulators as victories for consumer protection.
In Lagos, the High Court presided over by Justice R. O. Olukolu awarded ₦5 million in damages against Multichoice for unlawfully disconnecting a paid DStv subscription belonging to Mr. Ben Onuora.
The court held that the disruption caused undue hardship to the subscriber and his family, and ordered the company to reconnect the service and extend the subscription to cover the lost period.
The judgment cited Sections 130, 136, and 142–145 of the Federal Competition and Consumer Protection Act (FCCPA) 2018.
Reacting to the judgments, the Federal Competition and Consumer Protection Commission (FCCPC) described them as landmark decisions that reinforce Nigeria’s consumer protection framework.
In a statement signed by Mr. Ondaje Ijagwu, director of Corporate Affairs for Mr. Tunji Bello, executive vice chairman, FCCPC, said the rulings demonstrate the effectiveness of judicial enforcement under the FCCPA.
“These outcomes strengthen consumer confidence and marketplace accountability,” Bello said, commending the judiciary and encouraging consumers to continue seeking redress through lawful channels.
Between March and August 2025, the FCCPC facilitated recoveries exceeding ₦10 billion for consumers across 30 sectors, according to the Commission.
The FCCPC reiterated its commitment to promoting fair markets and protecting consumer rights nationwide.
MultiChoice Group is set to delist from the Johannesburg Stock Exchange (JSE) on December 10 2025, after Canal+ secured control of more than 90% of its shares, effectively completing its takeover of the African pay-TV giant.
The Group, in a notice to shareholders at the weekend, announced that trading of its shares on both the JSE and A2X will be suspended from Monday, October 27, 2025.
The official delisting date of December 10 is pending regulatory approvals from the JSE, A2X, and the Financial Surveillance Department of the South African Reserve Bank.
Canal+, a French media conglomerate and subsidiary of Vivendi, crossed the 90% shareholding threshold, enabling it to invoke Section 124(1) of South Africa’s Companies Act.
This legal provision allows Canal+ to compulsorily acquire all remaining MultiChoice shares from shareholders who did not accept its offer.
According to the notice, Canal+ will acquire the remaining shares on the same terms and offer price presented during the takeover bid.
“The Remaining MultiChoice Shareholders are reminded of their rights to apply to a court of competent jurisdiction within 30 business days after receiving the Notice in terms of section 124(2) of the Companies Act (“Section 124(2) Rights”).” The notice read.
If no legal challenges are raised, Canal+ will complete the compulsory acquisition six weeks after the notice date, finalising MultiChoice’s transition into a wholly owned subsidiary of the French media group.
The delisting will mark the end of MultiChoice’s 6-year presence on the JSE, where it was listed in 2019 following its spin-off from Naspers.
PalmPay Supports Nigeria Police Force National Cybercrime Centre 2025 Cybersecurity Awareness Walk
Research ICT Africa Develops AI Framework for Africa
BlueNoroff Targets Eecutives on Windows and MacOS Using AI-driven Tools
The Alternative Bank, Utiva Partner on Scholarships to Boost Digital Skills for Women
Moniepoint Unveils Nigeria’s First Informal Economy AI Chatbot, As FG Lauds Fintech Giant for Powering Business Growth Across the Country
Telecom3 days agoUNICEF, GSMA Unite with Partners to Launch Africa Taskforce on Child Online Protection to Safeguard Children in the Digital Age
Broadcasting3 days agoNCC Calls for Professional Guidelines on Software Use, Support for Copyright Enforcement
General News3 days agoFG to Train One Million Youths under TVET for Entrepreneurship, National Development
E-Business3 days agoNOTAP to Crackdown on Unregistered Technologies in Nigeria
Broadcasting2 days agoMultiChoice to Delist from JSE after Canal+ Takeover
E-Financial3 days agoSEC Puts Nigeria’s Cryptocurrency Transactions in One Year @ Over $50Bn
E-Financial2 days agoLotus Bank Drags 45 Banks to Court over Alleged ₦1.1Bn Fraudulent Withdrawals
E-Financial3 days agoPolaris Bank restates support for SMEs, commissions EveryDay Supermarket in Yenagoa