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Top 10 African countries with the highest beer production

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Top 10 African countries with the highest beer production

The list is courtesy of BarthHass.

South Africa stood out as the largest beer producer on the continent in 2023, with an impressive output of about 35.1 million hectoliters.

Beer, one of the world’s oldest and most beloved beverages, holds a special place in African societies. Beyond its role as a drink shared at celebrations, ceremonies, and social gatherings, beer has become a cornerstone of thriving industries across the continent.

 

Across the continent, beer production has seen remarkable growth, driven by increasing demand, youthful populations, and evolving tastes. However, the beer industry is not without its challenges. Rising production costs, raw material shortages, and regulatory pressures often test its resilience.

 

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Inflation and currency devaluation have also impacted the market, while in some regions, cultural and religious restrictions limit beer consumption. Yet, these hurdles also highlight the industry’s potential for growth and diversification

 

Craft brewing is gaining momentum, and regional exports are expanding, underscoring the sector’s resilience. Global brewing giants and local producers alike are investing heavily, recognizing Africa’s potential in the global market, where the continent accounts for nearly 8% of beer consumption.

 

Among the leading contributors, South Africa stood out as the largest beer producer on the continent in 2023, with an impressive output of about 35.1 million hectoliters. Nigeria followed as the second-largest producer, contributing approximately 17.73 million hectoliters.

 

Below are the top 10 African countries with the highest beer production:

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Rank Country Beer production (In million hectoliters) Global rank

1 South Africa 35.1 10th

2 Nigeria 17.73 23rd

3 Ethiopia 12.67 31st

4 Angola 12 32nd

5 Cameroon 9.1 36th

6 Democratic Republic of the Congo 5.2 46th

7 Tanzania 4.69 49th

8 Ivory Coast 4.6 50th

9 Kenya 4.5 51st

10 Mozambique 4.1 55th

Wema Bank concludes Hackaholics 5.0, increases total prize pool from N75 million to N145 million

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Wema Bank concludes Hackaholics 5.0, increases total prize pool from N75 million to N145 million

Wema Bank concludes Hackaholics 5.0, increases total prize pool from N75 million to N145 million

 

Wema Bank Plc wrapped up the fifth edition of its Hackaholics program, a flagship innovation challenge aimed at empowering tech-savvy youth to develop groundbreaking solutions for societal impact.

 

The event marked a bold step in fostering youth-driven innovation and entrepreneurship with a bold commitment to advancing youth-driven innovation.

 

The 5th edition of Hackaholics was held in Lagos state, themed “Meta Idea: Catalysing Africa’s Growth Through Innovation,”

 

At the grand finale, the MD/CEO, Moruf Oseni, announced an increase in the prize pool from N75 million to N145 million.

 

He highlighted Wema Bank’s vision of not just banking the youth but empowering them to shape their future.

 

“Our aim is to go just beyond banking the youth, to helping them write the success stories of their lives and of the future,” he said

 

 

This year’s Hackaholics featured:

 

 

3,517 applications

9 pitch centers across Nigeria

35 teams selected for the finale

Initial Prize distribution includes:

 

Winner: N30 million

First runner-up: N20 million

Second Runner-up: N15 million

Women-led team: N10 million

University Stem Endowment: N15 million

Doubling the prize pool

In a surprise move, Oseni doubled the prize pool during the event, increasing the total from N75 million to N145 million. He emphasized that Corporate Nigeria must focus on initiatives that will sustainably power the nation

 

“So for me, Corporate Nigeria, we need to start putting money behind what will power our nation sustainably. Looking at this figure of N75 million, I think before this event is over… I wouldn’t stop at that today, because we just need to work harder.

 

With the right investments in STEM, I have no doubt that the superlative youth of Nigeria will keep focusing on entertainment and sports but also embrace what is the catalyst that will take Nigeria to greatness.”

 

Oseni added that platforms like Hackaholics can help Nigeria leapfrog challenges and achieve greatness

 

“We don’t have to go the path of other great nations. We could use this platform, which I call ThingsOut, to leapfrog and get Nigeria to where it needs to be.”

 

The revised prizes

 

Winner: N50 million

1st runner up: N35 million

2nd runner up: N20 million

3rd runner up: N10 million

4th runner up: N10 million

Women winners

 

1st runner-up: N8 million

Winner in women’s finalist- N12 million

Investment in STEM

Oseni emphasized the vital role of STEM(Science, Technology, Engineering, and Mathematics) in Nigeria’s journey toward sustainable development. He argued that no country has advanced without prioritizing science and technology, calling on leaders to align their intentions with concrete actions.

 

“I must say that this is not enough, for no nation has made a successful transition from third, second to first world status without significant investment in science, technology, engineering, and mathematics. As such, there is a huge responsibility on leaders across both the public and private sectors to put our money where our mouths are, and align noble intention with action.”

 

Oseni added that the aspirations for national growth will remain unattainable unless investments are made in core sciences, as they are the foundation of innovation and nation-building.

 

The event highlighted the bank’s dedication to fostering tech-driven solutions across diverse sectors, with 35 teams competing for top prizes in a groundbreaking display of creativity and innovation.

 

Top ten finalists recognized for their groundbreaking ideas

 

Universityx

Empayment AI

Bloom Beauty

Accetde

Feegor

Northino

Nimsy Agro

My Therapist

Gbaleprime

Myitura

Call for partnership and collaboration

 

Oseni called on private and public stakeholders to collaborate in creating an enabling environment for tech-driven innovation.

 

“Some of the biggest companies in the U.S. started in universities. Nigeria can emulate this by putting money behind our youth’s ideas to create world-class solutions that power our economy,” he stated.

 

Nigerian gospel singer Osinachi Egbu, popularly Known As Sinach sued N5 billion over ‘Way Maker’

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Nigerian gospel singer Osinachi Egbu, popularly Known As Sinach sued N5 billion over ‘Way Maker’

Nigerian gospel singer Osinachi Egbu, popularly known as Sinach, is facing a ₦5 billion lawsuit over her internationally acclaimed song, ‘Way Maker.’

 

The suit, filed by music producer Michael Oluwole, known as Maye, alleges copyright infringement and seeks a declaration of co-ownership of the song.

 

In suit number FHC/L/CS/402/2024, Maye claims he worked as a studio engineer on ‘Way Maker,’ released in December 2015.

 

The Guardian reports that the producer, through his counsel, Justin Ige of Creative Legal, claimed that his contributions included recording, mixing, mastering the song and creating instrumental accompaniments such as piano, strings, and synthesisers.

 

Co-ownership

Maye argues that Sinach released the song commercially without formalising an agreement or compensating him, thus violating his performer’s rights. He demands general damages of N5 billion for alleged cumulative infringements of his rights.

 

Through his counsel, Maye is seeking several reliefs mandating that in the absence of a written agreement between him and the defendant, all fees accruing from licenses or assignments of copyright in ‘Way Maker’ should be divided equitably between them as co-owners.

 

In the suit, Maye describes Sinach’s alleged failure to share proceeds from the song’s licensing as “deliberate and oppressive.”

 

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The plaintiff also requests the court to: “Determine an equitable division of fees as either an equal share or another division the court deems appropriate. Compel the defendant to disclose all licenses and copyright assignments related to ‘Way Maker’, account for all accrued fees, and pay the plaintiff his due share. Declare that the defendant failed in her statutory obligation to conclude written agreements with the plaintiff for his contributions to the sound recording. Affirm that the plaintiff’s performer’s rights were infringed upon. Issue a perpetual injunction restraining the defendant from further reproduction, distribution, or public performance of ‘Way Maker‘ or any adaptations thereof.”

 

Sinach’s Defence

Represented by Emeka Etiaba (SAN) of Etiaba Chambers, Sinach denied the allegations, maintaining that she is the sole author of Way Maker. The award-winning musician said the song was composed, arranged, and performed in collaboration with other artists, including Nwabude Chude Arinze, before Maye’s involvement.

 

 

The defence contends that Maye’s role was limited to mixing the master recording, a service for which he was paid ₦150,000 (approximately $300).

 

The singer’s legal team argues that this payment absolves her of any obligation to grant him copyright or performer’s rights.

 

Court hearing

The Federal High Court in Lagos began hearing the case on Tuesday. Maye provided testimony and affirmed his claims under cross-examination.

 

Sinach’s legal team strongly opposed the plaintiff’s assertions, questioning the legitimacy of his claims to co-authorship and ownership.

 

The trial has been adjourned to 29 and 30 January 2025 to allow the defence to present its case.

 

‘Way Maker’ isn’t the first copyright dispute in the Nigerian music industry. In 2016, Afrobeat singers Tuface and Blackface disagreed over the song “African Queen.” Blackface claimed the song was his, and Tuface sued him. They eventually settled out of court, with Blackface agreeing to stop accusing Tuface of stealing the song and Tuface agreeing to pay Blackface royalties.

 

A similar conflict occurred between the Afrobeat duo Danfo Drivers and singer Tekno over the 2018 song “Jogodo.” Danfo Drivers claimed that Tekno had sampled their song “Kpolongo,” which they had released years earlier. Like the previous case, this was also resolved with an out-of-court settlement.

 

Way Maker

“Way Maker” became a global anthem, transcending cultural and religious boundaries, and was released on 30 December 2015.

 

The song has been performed by notable Christian singers such as Michael W. Smith, Mandisa, and Leeland. In 2016, Sinach included the song in her live album Waymaker – Live, which became a commercial success and earned a gold certification from South Africa’s Recording Industry Association.

 

In May 2020, Sinach became the first African artist to top the Billboard Christian Songwriters chart. By June 2020, the song was ranked #1 in the Christian Copyright Licensing International Top 100 for its frequent use in church worship. “Way Maker” won Song of the Year at the 2020 GMA Dove Awards, making Sinach the first Nigerian to achieve this. In 2021, it became the first African gospel song to win the BMI Song of the Year award.

 

The music video, released on 30 December 2015, shows Sinach singing outdoors and was directed by Ose Iria. By March 2019, it surpassed 100 million YouTube views, making Sinach the first Nigerian gospel singer to reach this milestone.

 

During the COVID-19 pandemic, the song gained global attention as people sang it in solidarity with healthcare workers. It was also sung at George Floyd protests in the US, symbolising hope and unity. The song has been covered by many artists, including Michael Smith and Leeland, and translated into over 50 languages, making it a global anthem in churches worldwide.

 

Sinach holds a physics degree from the University of Port Harcourt. The Ebonyi-born singer’s musical career began at Christ Embassy Church in Lagos, where Pastor Chris Oyakhilome mentored her.

 

Her famous songs, such as “Way Maker,” “I Know Who I Am,” and “The Name of Jesus,” have inspired millions. She has released nine studio albums and won numerous awards, including the GMA Dove Song of the Year, making her the first Nigerian to achieve this. In 2023, she was honoured as a global ambassador by the Commonwealth of Dominica. Sinach is married to a pastor, Joseph Egbu, and they have a daughter named Rhoda.

 

MultiChoice Triumphs as Nigerian Court quashes NBC’s 2.5% Annual Gross Income demand

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MultiChoice Triumphs as Nigerian Court quashes NBC’s 2.5% Annual Gross Income demand

The Federal High Court in Abuja on Wednesday struck down Section 2 (10) (b) of the National Broadcasting Code, 6th Edition, which required broadcasters to pay 2.5% of their “Gross Annual Income” as an Annual Operating Levy.

This judgment followed a suit filed by MultiChoice Nigeria Ltd and Details Nigeria Limited (GO TV) against the National Broadcasting Commission (NBC).

Justice James Omotosho, while delivering the judgment on Wednesday, ordered that the provision be struck down and replaced with ‘Net Annual Income’ instead of the existing ‘Gross Annual Income.’

The court also barred the National Broadcasting Commission (NBC) from demanding the plaintiffs’ VAT remittance, FIRS reports, bank statements, audit adjustment journals, trial balances, and general ledgers for the purpose of computing the plaintiffs’ annual income, other than the annual audited accounts of the companies as stipulated in the NBC Code.

The judge stated that the NBC can only access the other financial documents of MultiChoice through sister agencies such as the Federal Inland Revenue Service (FIRS).

Facts of the Case

In suit number FHC/ABJ/CS/652/2024, the plaintiffs’ counsel, Moyosore Onigbanjo, SAN, sought several reliefs, including a determination of whether the NBC had the authority to demand any financial documents other than the annual audited accounts.
He also sought clarification on whether the term “gross annual income,” as used in the NBC Code, was fair and equitable.
“Income, as provided by the NBC Code 6th Edition, is not defined, nor is it defined in any previous editions or in the NBC Act of 2004,” the counsel submitted in court.

Onigbanjo also asked the court to determine whether the waiver or agreement between the plaintiffs and the NBC to pay a flat rate of N800,000,000 (Eight Hundred Million Naira) as Annual Operating Levy for the years 2020–2023, including certain previous years, was binding on both parties.

Counsel to the NBC, Victor Ogude SAN, argued before the court that the agreement was not binding on the NBC, as the NBC’s acting Director-General who entered into the agreement on its behalf acted beyond his powers.

He contended that the NBC was entitled to the full amount payable.

Ogude also urged the court to uphold the NBC’s oversight role over MultiChoice and Details Nigeria.

What the Judge Said

Delivering his verdict on Wednesday, Justice Omotosho, said with his experience as a trained economics teacher, running a business like the one operated by the plaintiffs requires significant capital and expenses. It is only fair, he said, that these expenses be deducted before the Annual Operating Levy is paid.

He stated that net income is the actual profit after subtracting all business expenses, adding that the taxable amount cannot be determined when calculating gross profit but should be based on net profit.

The judge emphasized that the Annual Operating Levy charged by the NBC is a form of tax imposed on broadcasters.

He held that it would be unjust to impose it on their gross income.

“The proper and lawful income to impose a levy on is the net income,” he said, adding that this aligns with tax laws and global best practices. “In the United States, for instance, companies pay a flat rate of 21% on their profits, determined after all expenses have been deducted. Similarly, in the United Kingdom, a 25% corporation tax is imposed on company profits.”

“From this Court’s knowledge of economics, gross income implies all money that accrues to a person or business within a specific time. This gross income typically does not account for company expenditures such as production costs, rent, vendor payments, staff salaries, taxes, and other costs. It is only after all these payments are made that the company determines its profit, known as net income.”

“Consequently, this Court holds that Section 2 (10) (b) of the National Broadcasting Code, 6th Edition, which demands 2.5% of Gross Annual Income from broadcasters as an Annual Operating Levy, is unconscionable, unfair, and stifling to the plaintiffs,” Omotosho ruled.

Furthermore, Omotosho noted that the plaintiffs had provided credible and documentary evidence showing they had faithfully paid their Annual Operating Levy (AOL) without fail, and the defendant did not challenge these documents.

He said the NBC’s claim that it was entitled to N4 billion, as stated in its letter dated August 15, 2023, was unsupported by any evidence.

“Simply basing its claim on the fact that the plaintiffs increased their subscription fees is grossly insufficient. First, there is no evidence before the court that subscription fees were increased.

Second, the defendant failed to consider that the plaintiffs may have increased their production costs or incurred additional expenses. This Court refrains from speculation as the defendant has invited it to do,” Omotosho added.

Regarding the agreement, Omotosho ruled that when parties express their intention and enter into a binding agreement, neither party is allowed to abandon the agreement simply because one or more of its terms are unfavorable.

The judge declared that the agreement between the defendant and MultiChoice, or the waiver on the payment of N800,000,000 (Eight Hundred Million Naira) throughout their current “DTH license”, is binding on both parties.

He also restrained NBC from demanding any additional sum from the plaintiffs as AOL for the years in which they have already made payments.

He issued a perpetual injunction restraining the NBC, its servants, agents, or privies from sanctioning, fining, or suspending the plaintiffs’ license, contrary to the court’s judgment on the issues raised.

What You Should Know

Nairametrics reports that MultiChoice has faced accusations from various agencies and Nigerian customers.

Over the years, the Pay-TV provider has been scrutinized by lawmakers and consumer protection tribunals over its pricing practices.

This year, a tribunal fined MultiChoice 150 million Naira and mandated a one-month free subscription for violating interim orders. However, MultiChoice appealed and filed for a stay of proceedings.

The tribunal rescheduled the case to November, but the lawyer who sued the Pay-TV company chose to withdraw the suit, which the tribunal approved without awarding costs.

Kemi Badenoch warns UK over migration rate, pledges stricter policies

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Kemi Badenoch warns UK over migration rate, pledges stricter policies

UK Conservative Party leader Kemi Badenoch has pledged to enforce stricter immigration policies, warning that the current pace of migration risks overwhelming public services and undermining social cohesion.

 

Speaking at Westminster on Wednesday during a speech and Q&A session, Badenoch acknowledged past failures by successive Tory governments to manage immigration effectively. However, she vowed to take decisive action to address the issue.

 

“Immigration is at a pace too fast to maintain public services,” Badenoch stated.

 

“For decades, the political class has presided over mass migration… The system that replaced free movement is not working.”

 

As part of her proposed reforms, Badenoch revealed plans to introduce a hard annual cap on legal immigration, though she did not specify a figure.

 

She stressed that this measure is crucial to prevent the overflow of public services such as housing, healthcare, and wages.

 

“Without a shared national identity, our country will suffer,” she warned, highlighting the strain mass migration places on essential services and the labour market.

 

Badenoch also signalled that the European Convention on Human Rights would not obstruct the UK’s plans to tighten immigration laws. She emphasised the need for immigrants to integrate into British society by adopting its values, fostering a cohesive national identity.

 

LASU department suggests ways to curb japa

British workplaces among worst in Europe – Report

“Those who come here must embrace British values to build a united and resilient society.”

 

Badenoch further announced plans to review existing immigration policies, treaties, and laws to close loopholes and prevent abuses of the system. She underlined the importance of transparency and stricter visa regulations as key aspects of her strategy.

 

Although upcoming migration figures are expected to show a decline, Badenoch urged against complacency.

 

“We must remain vigilant and proactive. Reforms are necessary to ensure that our immigration system works in the best interest of the British people.”

 

Badenoch’s remarks mark a significant shift in the UK’s immigration stance, as she positions the Conservative Party to adopt tougher policies aimed at safeguarding public services and fostering national unity.

Nigerian Petroleum Company NNPCL Denies Selling Products From Port-Harcourt Refinery To Marketers

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Nigerian Petroleum Company NNPCL Denies Selling Products From Port-Harcourt Refinery To Marketers

The Nigerian National Petroleum Company Limited (NNPCL) has claimed that only its retail outlets are receiving products from the reopened Port-Harcourt refinery in Rivers State.

 

@goldmynetv had on Wednesday reported that the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) said that the Port-Harcourt refinery was selling to oil marketers at N1045 per litre.

 

In a statement released late Wednesday, NNPCL spokesperson Olufemi Soneye denied the allegation, stating that the company had not commenced bulk sales to other marketers.

 

“We have not yet commenced bulk sales, and we have not yet opened the purchase portal as we are still finalising the necessary processes,” Soneye stated.

 

He explained that the company’s current product stock, which includes fees and levies, was procured from the Dangote Refinery.

 

Soneye reiterated that NNPCL retail stations remain the sole recipients of products from the Port-Harcourt refinery for now.

 

“At present, the products we are selling are what we bought from the Dangote Refinery, which includes NMDPRA fees. The product from PH is currently for our retail stores. Our prices are regularly reviewed and adjusted as required, Soneye added.

FBI arrests notorious fraudster Bola ‘Bobo Chicago’ over $2.8 million business email ramp, money laundering

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FBI arrests notorious fraudster Bola ‘Bobo Chicago’ over $2.8 million business email ramp, money laundering

 

Oluyomi Omobolanle Bombata ‘Bobo Chicago’ Bombata mugshot [Credit: Peoples Gazette]

The U.S. FBI last week arrested notorious fraudster Oluyomi Omobolanle Bombata alias Bobo Chicago for allegedly scamming several companies and individuals of monies going up to $2.8 million.

 

Bobo Chicago, also known as ‘Bola Flexx’ due to his extravagant lifestyle, was arrested on November 20 in Illinois, Chicago based on an arrest warrant issued in Oklahoma following several criminal complaints filed against him and corroborating an investigation that deemed his activities suspicious.

 

Bobo Chicago, 25, was said to have terrorised Nigerians living in the Houston metro area before fleeing to Chicago to take up residency.

 

From Chicago, he was transferred to Oklahoma, where he allegedly committed the fraud and faced a five-count charge of criminal consequences, which the FBI listed as wire fraud, conspiracy to commit wire fraud, money laundering, conspiracy to commit money laundering and unlawful monetary transactions, committed between June 2023 and October 2023.

 

His co-conspirator was also being held in custody by law enforcement agents.

 

Federal agents already identified $2.8 million that Bobo Chicago collected by hacking into multiple companies and individual accounts located in the Eastern District of Oklahoma jurisdiction.

 

The agents further found that he transferred over $300,000 of alleged fraudulent funds to a popular liquor store in the U.S., implicating the store owner.

 

Judge Beth Jantz of the United States District Court for the Northern District of Illinois in Chicago signed paperwork for him to be transferred to Oklahoma to face charges.

 

Bobo Chicago was assigned a public defender after claiming he had no financial resources to fight the case on his own, a move that suggests he would rather do time than spend a fortune to argue his innocence.

 

His arrest adds to a list of Nigerians languishing in jail as convicted criminals or facing criminal charges.

 

FBI has tracked down dozens of notorious Nigerian fraudsters, including Hushpuppi and Mr Woodberry, serving jail terms in Fort Dix correctional facility for scamming millions of dollars from U.S. companies.

 

Arrested in June 2020 in Dubai and extradited to the U.S. to defend himself against Internet scam charges, Hushpuppi was convicted and sentenced to 11 years in prison in 2022 by United States District Judge Otis D. Wright II.

 

Judge Robert Gettleman of the U.S. District Court for the Northern District of Illinois in Chicago convicted and sentenced Mr Woodberry to eight years and three months in jail over one count of fraud in July 2023.

 

He was handed a lighter sentence that shaved off seven other counts in a plea bargain.

 

Credit: Peoples Gazette

EXCLUSIVE : AYOKUNLE OKUNEYE, THE VISIONARY BEHIND GRILLFEST GIDI-OWAMBE; THE OUTDOOR EDITION 2024

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EXCLUSIVE : AYOKUNLE OKUNEYE, THE VISIONARY BEHIND GRILLFEST GIDI-OWAMBE; THE OUTDOOR EDITION 2024

Exclusive Interview with Ayokunle Okuneye, CEO of Mediatank Entertainment and the convener Grillfest Gidi

Ayokunle Okuneye, the CEO of Mediatank Entertainment, is a name synonymous with innovation and excellence in the entertainment industry. Holding a Bsc. and MSc. Degrees in Computer Science from the prestigious Olabisi Onabanjo University, Ago Iwoye, Ayokunle has successfully hosted four editions of Grillfest Gidi, cementing his position as a visionary leader and entertainment enthusiast.

 

In this exclusive interview, Ayokunle shares his journey into the entertainment industry, the inspiration behind Grillfest Gidi-Owambe: The Outdoor Edition 2024, and his vision for Mediatank Entertainment.

 

A Journey into the Entertainment Industry

Ayokunle’s journey into the entertainment industry began several years ago as an up and coming artist with the stage name “Project SirAy” (PSA) which has given him an edge to become a record label owner, event and entertainment management company. He has been fortunate to have worked with some of the biggest names in the industry. “The idea for Grillfest Gidi-Owambe; The Outdoor Edition 2024 came about as a way to create a unique and exciting experience that combines music, food, and culture,” he reveals.

 

What to Expect from Grillfest Gidi Owambe The Outdoor Edition 2024

Attendees can expect an unforgettable experience that showcases the best of Nigerian music, food, and culture. With an exciting lineup of performances, including some of the biggest names in the industry, delicious food options, and games and activities for all ages, Grillfest Gidi-Owambe; The Outdoor Edition 2024 is set to be an event to remember.

 

Aligning with the Vision of Mediatank Entertainment

At Mediatank Entertainment, the vision is to create innovative and exciting experiences that bring people together and showcase the best of Nigerian talent. Grillfest Gidi-Owambe; The Outdoor Edition 2024 is a perfect example of this vision in action.

 

What Sets Grillfest Owambe Edition 2024 Apart

What sets ‘Grillfest Gidi-Owambe; The Outdoor Edition 2024 apart is its unique blend of music, food, and culture. By creating an immersive experience that celebrates the best of Nigerian culture, Mediatank Entertainment is pushing the boundaries of what’s possible in the world of entertainment.

 

The Future of Mediatank Entertainment and ‘Grillfest Gidi-Owambe; The Outdoor Edition

 

Mediatank Entertainment is always looking for ways to innovate and improve its events. With plans already underway for next year’s Grillfest Gidi-Owambe; The Outdoor Edition, attendees can expect even more exciting experiences in the future.

 

Promoting Nigerian Culture and Entertainment

 

Events like ‘Grillfest Gidi-Owambe; The Outdoor Edition 2024 play a crucial role in promoting Nigerian culture and entertainment. By providing a platform for showcasing our rich cultural heritage, as well as the talents of our musicians, dancers, and other performers, Mediatank Entertainment is helping to promote Nigerian culture and entertainment to a wider audience with music, culture and owambe vibes.

 

Advice for Up-and-Coming Event Organizers and Promoters

 

Ayokunle’s advice to up-and-coming event organizers and promoters is to always strive for excellence and to never be afraid to take risks. With the right vision and dedication, anything is possible in the world of entertainment.

 

The Impact of Grillfest Owambe Edition 2024

 

‘Grillfest Gidi-Owambe; The Outdoor Edition 2024 is expected to have a significant impact on the entertainment industry in Nigeria. By providing a platform for emerging artists to showcase their talents, the event is helping to promote new and exciting music, as well as provide opportunities for artists to connect with industry professionals.

 

The Role of Sponsors and Partners

 

‘Grillfest Gidi-Owambe; The Outdoor Edition 2024 is proudly supported by several sponsors and partners, including Crown Flour Mills, Budweiser, Bigi, Crown Flower, Onburd Tickets Partner. These partnerships are crucial to the success of the event, and Ayokunle is grateful for their support.

 

What’s Next for Mediatank Entertainment?

 

With ‘Grillfest Gidi-Owambe; The Outdoor Edition 2024 just around the corner, Ayokunle and his team at Mediatank Entertainment are already looking forward to the future. With plans to expand the event to other cities in Nigeria, as well as explore new and exciting concepts, the future looks bright for Mediatank Entertainment.

 

 

Don’t miss out on the excitement! Join us at Amore Gardens on December 7, 2024, for an unforgettable experience.

GTBank apologises to customers after weeks-long disruption

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GTBank apologises to customers after weeks-long disruption

Guaranty Trust Bank, Nigeria’s cost-efficiency leader in commercial banking, has apologised to customers for a seven-week service disruption due to its core banking application switch in October. Customers have been unable to access their funds and complained about erroneous debit and credit alerts.

 

“Your patience and support during this recent transition to a new core banking system, has been nothing short of extraordinary,” the bank said in a statement on Wednesday. The bank also confirmed TechCabal’s earlier reporting that it migrated to Finacle, a core banking application built by Infosys.

 

It is the first time the bank has publicly apologised for the extended disruption that have caused considerable frustration to its 32.8 million retail customers. The scale of GTBank’s retail customer base and deposits—₦7 trillion—meant the disruption left many Nigerians unable to access their funds or complete transactions.

 

“I could not access my funds for seven weeks. The banking app did not work at all and I had to use the web app which was inconvenient,” Oyegbile, a GTBank customer, told TechCabal.

 

GTBank did not immediately respond to a request for comments.

 

GTBank picked Finacle as its new core banking application in the fourth quarter of 2023 after some of the bank’s top management and tech team visited India to broker a direct partnership with Infosys, TechCabal previously reported.

 

While the core banking change is critical to improving the bank’s service delivery, the service disruption has broken the fundamental promise of banking—ensuring customers can access their money whenever they need it.

 

TechCabal

P’Harcourt refinery: Marketers threaten boycott as NNPCL juggles petrol price

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P’Harcourt refinery: Marketers threaten boycott as NNPCL juggles petrol price

Dealers insist PMS must be cheaper than Dangote’s, NNPCL delays price portal opening, restricts product

 

Oil marketers have outlined the conditions that will make them patronise the newly rehabilitated Port Harcourt Refinery Company in Rivers State.

 

PHRC, under the management of the Nigerian National Petroleum Company Limited, must dispense its refined petroleum products below the prices of the Dangote Petroleum Refinery, the dealers stated.

 

But the NNPCL, in reaction to claims on Wednesday that its petrol price was about N1,045/litre, stated that the refinery had yet to release its prices, as products from the plant were currently dispensed to only NNPCL stations.

 

The oil firm’s spokesperson, Olufemi Soneye, revealed that the company was still reviewing its prices and had yet to commence bulk sales, as its purchasing portal remained closed.

 

Meanwhile, it was also gathered on Wednesday that oil marketers imported 105.67 million litres of petrol into the country in five days.

 

Marketers confirmed that NNPC was selling petrol at N1,045/litre, stressing that they may be compelled to opt for petrol importation as a means of meeting local demands.

 

The PUNCH exclusively gathered that a total sum of 78,800 metric tonnes representing 105.67 million litres of petrol was imported into the country in the last five days spanning November 23 and November 28.

 

On Tuesday, the 60,000-capacity Port-Harcourt refinery resumed operations after years of inactivity, drawing initial praise from Nigerians and industry stakeholders.

 

The NNPC said the newly rehabilitated complex of the old Port Harcourt refinery, which had been revamped and upgraded with modern equipment, is operating at a refining capacity of 70 per cent of its installed capacity.

 

NNPC added that diesel and Pour Fuel Oil would be the highest output from the refinery, with a daily capacity of 1.5 million litres and 2.1 million litres, respectively.

 

This is followed by a daily output of Straight-Run Gasoline (Naphtha) blended into 1.4 million litres of Premium Motor Spirit (petrol), 900,000 litres of kerosene, and low-pour fuel oil of 2.1 million litres.

 

It was stated that about 200 trucks of petrol would be released into the Nigerian market daily.

 

However, claims that the national oil firm’s PMS price was higher than that of Dangote triggered diverse reactions from marketers.

 

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, told one of our correspondents that though NNPC had yet to release any price for the products from the refurbished Port Harcourt refinery, a high price would discourage marketers.

 

Dangote currently sells his petrol at N970/litre, while imported petrol is around that price.

 

Ukadike, however, noted that there was the possibility that the NNPC would review its prices downward when the Port Harcourt refinery comes fully on stream.

 

He confirmed that the state-owned oil company sells a litre of PMS at N1,040 or N1,045 while the Dangote refinery just reviewed its price from N990 to N970 for marketers buying a minimum of two million litres.

 

Ukadike did not mince words when he said independent marketers would only buy from the NNPC if its price is cheaper than that of Dangote or vice versa.

 

“With the Port Harcourt refinery now working, we are anticipating that any moment from now, NNPC will give us its price. Once NNPC releases its price, we will start loading from NNPC. That is subject to if it is cheaper than that of Dangote.

 

“The last NNPC price was N1,040 and N1,045 per litre. But I know there will be a review of prices because there has been a crash in prices globally. So, we are expecting a review. Once that review is done, I will be able to give you the actual price. I know they are reviewing it. They are on top of the matter,” the IPMAN spokesman said.

 

The latest development also indicates that oil marketers may commence the importation of fuel if the prices set by both domestic refineries surpass their profit margins, thereby making it more financially viable for them to rely on imported fuel rather than locally produced stock.

 

The National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria, Dr Joseph Obele, had earlier said NNPC petrol was N75 higher than the N970/litre offered by Dangote refinery.

 

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However, PETROAN’s President, Billy Gillis-Harry, in a statement denied the claim, stressing that no price has been released by the national oil firm.

 

He explained that members of the association bought PMS based on the old pricing structure and are still waiting for the updated prices.

 

The statement read, “The National Headquarters of Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN Abuja would Like to Inform the media and the general public that no new price for PMS has been released by the NNPC port Harcourt refinery.

 

“Members of PETROAN only bought PMS with the old pricing template awaiting

 

new prices. We are excited that the production and loading of refined petroleum products have commenced at the Port Harcourt Refinery and we are expectant that soon the price of PMS will be stated by NNPC to the benefit of Nigerians.”

 

NNPC reacts

 

But in a message sent to journalists on Wednesday night, the NNPC spokesperson said the national oil firm had not started selling its products from the Port Harcourt refinery to other oil marketers.

 

He was reacting to an earlier claim by the Petroleum Products Retail Outlets Owners Association of Nigeria that the newly rehabilitated Port-Harcourt refinery was selling at N1,045/litre to oil marketers.

 

He noted that only NNPCL retail stations are receiving products from the refinery.

 

He said, “We have not yet commenced bulk sales, and we have not yet opened the purchase portal as we are still finalizing the necessary processes.”

 

He further stated its current stock was procured from the Dangote Refinery and includes fees and levies.

 

“At present, the products we are selling are what we bought from the Dangote Refinery, which includes NMDPRA fees. The product from PH is currently for our retail stores. Our prices are regularly reviewed and adjusted as required.”

 

PMS imports

 

Meanwhile, fresh findings by The PUNCH have revealed that a total sum of 78,800 metric tonnes representing 105.67m litres of petrol have been imported into the country in the last five days spanning November 23 and November 28.

 

The product was conveyed in four vessels with the latest to be received today (Thursday, November 28, 2024), according to documents obtained from the Nigerian Ports Authority on Wednesday.

 

An analysis of the document showed that 38,500 metric tonnes of petrol imported on Monday, November 25 berthed at the Lagos Apapa port (Bulk Oil Plant).

 

Similarly, a Bedford ship conveying 10,000mt of PMS will berth at the Ebughu jetty, Calabar port in Cross Rivers on Thursday, November 28.

 

Two vessels that arrived on Saturday, November 23 is still waiting to berth. The ships are carrying 30,300mt of fuel.

 

It also revealed that 11,000 metric tonnes of base oil was imported while the 20bn Dangote refinery received crude oil worth 133,986 metric tonnes on Monday, November 27, 2024.

 

Last week, oil marketers and the NNPCL had stated plans to stop the import of fuel to focus on off-taking from domestic sources.

 

This was a fallout from a high-level meeting organised by the NNPC Group CEO Mele Kyari, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority. In attendance were representatives of the Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria, and key stakeholders from companies such as 11 Plc, Matrix, and AA Rano, among other stakeholders at the NNPCL towers in Abuja.

 

The meeting was in growing confidence in Dangote Refinery’s ability to meet the nation’s domestic fuel demand and the need to cut fuel imports.

Credit – Punch Newspaper

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