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The Nigerian multi-billion-naira sport betting industry is growing astronomically to confirm a 2016 report of PwC, which projected that the industry would grow at an annual rate of 16 per cent each year to $147 million in 2019. Raheem Akingbolu writes on the new culture of betting and its impact on the nation’s economy
Four things have helped the nation’s betting industry to soar in the last five years – economic instability, increasing sports culture, large population and the unbridled growth in internet penetration and widespread use of mobile phones. Specifically, the online gambling industry has flourished in recent years, adapting their brick-and-mortar presence to the internet scene, and spawning popular sites such as Bet9ja, Merry bet or Nairabet… More details through: https://www.thisdaylive.com/index.php/2019/06/06/examing-growing-culture-of-sports-betting
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In a bid to enhance digital life, Chinese Government in partnership with StarTimes Nigeria, a provider of digital satellite has commenced the installation of satellite TV to some villages in Lagos to kick-off the second phase of connecting Nigerian rural communities to digital television.
Two years after piloting the first phase of the program in rural communities in Abuja, and being satisfied with the outcome, StarTimes commenced the second phase of the program by installing satellite TVs to some villages in Lagos… More details through: https://businessday.ng/technology/article/chinese-government-commences-second-phase-of-free-satellite-tv-to-nigerian-villages/ In December 2018, EbonyLife Films, a studio in Lagos, Nigeria, premiered Chief Daddy, a feature-length drama about an eccentric billionaire who dies suddenly, touching off a madcap scramble among his relatives over his estate. The movie was an immediate hit with audiences in Nigeria. By the end of the month it had emerged as the country’s most popular theatrical release of the year.
Not long ago the economic life cycle of Chief Daddy might have ended there. Nollywood, the nickname for Nigeria’s robust film industry, has long been hamstrung by piracy. For years filmmakers have watched with frustration as swarms of illegitimate DVDs quickly overwhelmed their promising cinematic efforts, slashing potential profits and making it difficult to raise money to produce future films… More details through: https://www.bloomberg.com/news/articles/2019-05-24/nollywood-is-ready-to-go-global-thanks-to-netflix Startimes in collaboration with the Nigerian Television Authority (NTA-Star TV Network) says it has invested $220 million in Nigeria, even as its subscriber base reached the four million mark.
Chief Executive Officer of Startimes, David Zhang, disclosed this during a visit by a group of journalists to the Abuja office of the Chinese pay satellite TV network, stressing that the $220m went into setting up over 80 transmitting stations, satellite and digital infrastructure, programmes, software and hardware… More details through: https://businessday.ng/news/article/startimes-invests-220m-in-nigeria-as-subscribers-reach-4m The Nigerian music industry is set to grow by a Compound Annual Growth Rate (CAGR) of 13.4 per cent by 2021, estimated at about $73 million; the Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, has said. Hajiya Aisha said this at the inaugural edition of Creative Business Cup (CBC) in Nigeria themed: “Cashing in on Your Creativity”, which held in Lagos…
More details through: https://www.dailytrust.com.ng/nigerias-music-industry-to-hit-73m-by-2021-minister.html Global report on the advertising industry has projected that Media and Entertainment (M&E) will drive growth of advertising (ad) in Nigeria by 12.1 per cent.
The report released by Group M, a WPP media investment group, a British advertising and public relations company, made this projection while updating its 2018 and 2019 ad investment forecasts… More details through: https://www.vanguardngr.com/2019/04/entertainment-media-projected-to-drive-nigeria-ad-growth-by-12-1-3/ Global report on the advertising industry has projected that Media and Entertainment (M&E) will drive growth of advertising (ad) in Nigeria by 12.1 per cent. The report released by Group M, a WPP media investment group, a British advertising and public relations company, made this projection while updating its 2018 and 2019 ad investment forecasts…
More details through: https://www.vanguardngr.com/2019/03/entertainment-media-projected-to-drive-nigeria-ad-growth-by-12-1/ Movie lovers across the country spent a total of $1mn (N359mn) in cinemas between December 21 and 27. This is according to data provided by the Cinema Exhibitors Association of Nigeria, TheCable reported on Friday.
The five top-grossing movies in the cinema during the period were Aquaman, Chief Daddy, Bumblebee, Animated Spider-Man and God Calling. Aquaman grossed N168,434,137 while Chief Daddy grossed N101,979,343… More details through: https://punchng.com/yuletide-nigerians-spent-n359m-in-cinemas/ Nigeria leads in the amount of revenue it generated from gaming activities between January and October 2018 ahead of its peers on the continent, a latest report on the Global Games Market for the period under review has shown.
Analyses of the data in the report showed that Nigerian ranked second on the continent having generated about $180m revenue while Egypt led the whole continent with $286m in revenue for the same period… More details through: https://punchng.com/nigeria-generates-180m-from-gaming-activities-report/ Plans for a mutually beneficial working relationship in film production and distribution between Nigeria and France have reached an advanced stage…
More details through: https://www.thisdaylive.com/index.php/2018/11/13/france-nigeria-to-sign-film-production-distribution-agreement/ |
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