Fashion, Celebrity Gist

Oil hinders development of Nigeria’s creative industry

The President, Nigerian Academy of Letters (NAL), Prof. Olu Obafemi, said Nigeria’s dependence on oil as major source of revenue had hindered the development of its rich creative industry.

Obafemi, who is a Professor of English at the University of Ilorin, made this known in an interview with the News Agency of Nigeria on the sidelines of a two-day empowerment programme for young filmmakers in Ijebu-Ode, Ogun.

The event was organised by the National Film and Video Censors Board (NFVCB) to enable participants grow viable ventures in the movie industry.

R Kelly and Sony-owned RCA record label end ties

US singer R Kelly and the Sony-owned RCA record label have ended their working relationship, US media report.

Variety website quoted a source as saying no official announcement of the decision was planned.

The reported split follows decades of sexual abuse allegations brought against the 52-year-old Grammy-winning artist, all of which he denies.

The allegations were the subject of a documentary, Surviving R Kelly, released earlier this month.

Michael Jackson’s Tour Jacket for Auction

Michael Jackson’s black “Bad” jacket that the singer wore on his first solo tour is going up for auction in November and could fetch up to $100,000.

Julien’s Auctions said on Friday that the jacket, which Jackson signed on the back with a silver permanent marker, was worn throughout the singer’s “Bad” world concert tour from 1987-89.

The jacket, with multiple zippers, straps and buckles, is one of the late singer’s most iconic costume pieces alongside his red and black leather “Thriller” music video jacket that sold for $1.8 million at auction in 2011.

Masterpiece ‘Tutu’ Sells for Over Half a Billion Naira

Ben Enwonwu’s paint of Ile-Ife princess, Adetutu Ademiluyi, known as Tutu, has fetched in a London auction £1,205,000.00 –four times more than expected.

In naira terms, it was sold for N508, 358, 301, an African record.

The Nigerian masterpiece, initially declared missing was found in a “modest north London flat” recently.

The painting, ranked by arts collectors with Mona Lisa, was done by Nigeria’s renowned artist late Ben Enwonwu in 1974.

Lagos gets $600K for Museum Project from Ford Foundation

Photo/NAN: Ambode with Hilary Pennington, VP of Ford Foundation



Gov. Akinwunmi Ambode of Lagos State on Monday said the Ford Foundation has provided $600,000 for the architectural design of the proposed Lagos Museum to be sited at the old Presidential Lodge, Marina, Lagos.

Ambode made this known when he received the Executive Vice-President of Ford Foundation, Ms Hilary  Pennington, and other top executives of the foundation in Alausa, Ikeja.

Digital TV will generate ₦100b for Nollywood –Mohammed

The Minister of Information and Culture, Lai Mohammed, has said that Digital Television will generate N100bn annually for Nollywood through FreeTV distribution network.

The minister made this known on Wednesday at the launch of digital switch over at the premises of the Nigeria Television Authority (NTA), Ilorin.

He said that Nigerians have watched Nollywood moved from VHS tapes to VCD to DVD, adding that the whole world has moved to digital consumption of content with its attendant benefits and democratisation of distribution.

Creative Industry in Nigeria gets Tax Holiday

The Nigerian Government has granted ‘Pioneer Status’ to creative industry, meaning it is qualified for tax holiday and other incentives, Voice of Nigeria reports.

This is aimed at transforming the industry to a creative economy that can create jobs.

The Minister of Information and Culture, Lai Mohammed, said the decision to grant the industry ‘Pioneer Status’ is in fulfilment of the promise made by the Acting President, Professor Yemi Osinbajo at the opening of the Creative Industry Financing Conference in Lagos in July 2017.

25 Countries for Nigeria’s Art, Craft Expo

National Council for Arts and Culture (NCAC) says it is expecting at least 25 countries and 150 exhibitors at the 10th African Arts and Crafts (AFAC) Expo scheduled for Abuja.

The Director-General, NCAC, Otunba Segun Runsewe, made this known in an interview with the News Agency of Nigeria on Monday in Abuja.

Runsewe said that participants from these countries and the exhibitors were expected to showcase their unique cultural identities at the expo which is holding from Aug. 27 to Sept. 17.

FG Unveils $1m Venture Capital for Creative Industry

Photo R-L: Lai Mohammed with Kemi Adeosun, who represented Acting President Yemi Osinbajo at the unveiling of $1m venture capital for creative industry in Nigeria.



The Minister of Information and Culture, Lai Mohammed, on Monday announced the establishment of one million-dollar Venture Capital to boost the Creative Industry.

The Minister made the announcement at the opening of the two-day Creative Industry Financing Conference holding in Lagos, saying 20 people, each investing $50,000, are expected to help make up the required amount.

Nollywood gets ₦420m Additional Grant

The Federal Government says it has released the sum of N420.2 million to the Nigeria film industry popularly called Nollywood to improve and support aspiring practitioners.

According to a statement issued by the Deputy Director of Information, Federal Ministry of Finance, Mrs Patricia Deworitshe, on Friday in Abuja, the money, which is the second tranche payment will benefit 105 film distributors.

The Federal Government had earlier introduced the “Project Act Nollywood’’, with three primary components aimed at developing the movie making value chain.

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