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FG commends Heritage Bank commitment to entertainment industry

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 L-R: Tilewa Adebajo, CEO of The CFG Advisory; Jeff Kalligheri, TV/Film Producer; Dike Dimiri, Ag. Chief Risk Officer, Heritage Bank and Hafeez Giwa, Managing Partner, HC Capital Properties, at a two-day Creative Nigeria Summit held in Lagos recently with the theme: Financing the Film, Television and Music Industries; which was co-sponsored by the Bank.


L-R: Tilewa Adebajo, CEO of The CFG Advisory; Jeff Kalligheri, TV/Film Producer; Dike Dimiri, Ag. Chief Risk Officer, Heritage Bank and Hafeez Giwa, Managing Partner, HC Capital Properties, at a two-day Creative Nigeria Summit held in Lagos recently with the theme: Financing the Film, Television and Music Industries; which was co-sponsored by the Bank.

 
 Federal Government has commended Heritage Bank Limited, Nigeria’s Most Innovative Banking Service Provider, for its commitment to the development and growth of the creative industry.
The Minister of Information and Culture, Alhaji Lai Mohammed gave the commendation at a two-day Creative Nigeria Summit held in Lagos recently with the theme: Financing the Film, Television and Music Industries; which was co-sponsored by the Bank.
He remarked that the conference which was jointly organized by the Federal Ministry of Information and Culture and the Think Tank Media and Advertising was to take the industry into a golden era with smooth access to short and long term financing, world class management and local and international distribution.
In a plenary session on Alternative Sources of Financing for the Creative industry, Mr. Dike Dimiri, Acting, Chief Risk Officer of Heritage Bank, articulated some issues that have continue to plague the entertainment industry over the years.
According to him, the industry is being hindered by lack of infrastructure such as studios, equipment and talented manpower, adding that at a time when some international universities are offering cinematography as a course in mass communication, Nigeria’s educational system is still skewed towards the print industry which is dying rather than electronic industry that is widening, so there is deficiency that needs to be corrected.
Other issues he cited as hindrances to the creative industry are legal framework around which the industry runs its business, especially how intellectual property is protected as well as the right type of finance for the industry.
The Chief Risk Officer also touched on the need to have value chain in the industry, instead of one person being involved in every stage of the business as well as the need for operators to package their works into libraries and use them as collaterals to access money from banks.
Dimiri said Heritage Bank was committed to the development and growth of the entertainment industry because one of the easiest ways to solve the unemployment issue in the country is to get as many people as possible involved in the entertainment industry, because manufacturing, banking and other sectors cannot do it alone.
He said the music industry has done so much for Nigeria in terms of employment and foreign exchange earnings and if more resources could be put into it and also de-risk it, the country would be better for it.
Dimiri said Heritage Bank was therefore concerned on how to find a framework through which it could get funding to the players in the industry.
The two-day summit attracted who is who in the industry and the Minister of Information and Culture, Alhaji Lai Mohammed announced the establishment of a $1 million venture capital to boost the industry.
He said the Federal Government has held discussions with about 20 foreign/local investors who were expected to invest a minimum of $50,000 each to raise the $1 million, adding that five investors have already indicated interest to invest $50, 000 each and expressed the hope that more were also expected to show their firm commitment in due course.
The minister said the $1 million venture capital would provide seed money for young and talented Nigerians to set up businesses in the creative industry.
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ZENITH BANK EMPOWERS NIGERIAN SMES, PARTNERS FACEBOOK ON SME DIGITAL WORKSHOP

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Zenith Bank

 

Nigeria’s leading financial institution, Zenith Bank Plc, has reaffirmed its commitment to support local Small and Medium Scale Enterprises (SMEs) with the introduction of the ‘Zenith Bank SME Digital Workshop’ to provide free digital training for business owners.

The initiative, which is being organized in partnership with social media giant Facebook, will provide free training on how SMEs can use digital platforms such as Facebook, Instagram and WhatsApp to grow their businesses.

Commenting on the initiative, the Group Managing Director/Chief Executive, Mr. Ebenezer Onyeagwu, noted that the SME ecosystem is a very important component of the Nigerian economy and the digital workshop is expected to assist participants optimally use digital channels to engage potential customers, market their products and increase sales.

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The workshop is scheduled to hold on Wednesday, January 29th and Thursday, January 30th, 2020 by 08:30 a.m. at the following Zenith Bank branches: 23, Oba Akran Avenue, Ikeja, Lagos; 201, Ikorodu Road, Obanikoro, Ilupeju, Lagos; and 2, Aromire Road, Ikoyi, Lagos.

The Zenith Bank SME Digital Workshop is free for everyone. To register, send an email with the subject “Zenith Bank SME Digital Workshop” to smepartnership@zenithbank.com. The email should state the name of the participant and preferred venue of attendance.

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Zenith Bank Plc is recognized as one of the most innovative financial institutions in Nigeria and was voted the most customer-focused bank in Nigeria for the Retail and SME segments in the 2018 KPMG Annual Banking Industry Customer Satisfaction Survey (BICSS). Most recently, the bank won the Best Bank in Retail Banking and the Bank of the Year at the 2019 BusinessDay Banks and Other Financial Institutions (BOFI) Awards and was ranked as the Best Digital Bank in Nigeria 2019 by Agusto & Co.

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Ugo Set To Take Music Industry By Storm

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Ugo

 

German-based Nigerian music artiste, Ugo, has started the year with a bang, as he recently dropped a new single titled ‘Life Is Banana’.

The song is currently receiving positive reviews among Afrobeat music lovers.

Off the current rave from ‘Life Is Banana’ single, he has also revealed plans for future collaborations.

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Known to have consistently dropped singles since making his debut in 2014, the Ihitenansa, Imo State-born artiste is proud of his roots, as he maintains his real name, “Ugonna” and plays a vibe which crisscrosses between local and international vibes.

Already working on an RnB song likely to be released on 14 February, there is no doubt that lovers of good music will be hearing more from the artiste this year through his thrilling melody and sensational rhythm that has seen him maintaining his consistency.

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Galaxy Of Stars As Adenuga, Otedola, Wigwe Shine

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goods

 

The trio of Mike Adenuga, Femi Otedola, and Herbert Wigwe share one thing in common, they are excellent in their individual businesses.

Over the years, Adenuga has turned Globacom into one of the leading telecommunication outfits in Africa, while Otedola has gone from being a success in the oil and gas industry to forging new frontiers in the energy industry.

Mike

Otunba Mike adenuga, CEO Globacom Limited

On his part, Wigwe has led Access Bank from a mere middle-level bank to an enviable financial institution providing support for the most elitist businesses.

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Such is the achievements of these men that they couldn’t have gone unnoticed.

philanthropist

The business and personal excellence of the trio got celebrated recently when they picked up medals at the prestigious Thisday Award presentation.

While Adenuga was celebrated as Entrepreneur of the Decade, his firm, Globacom won the brand category. Otedola and Wigwe were celebrated with the former emerging Philanthropist of the Decade. Access Bank’s Wigwe emerged Banker of the Decade as his financial institution.

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