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FIRSTBANK DECEMBERISSAVYBE: TOP 11 EVENTS TO ROCK YOUR DECEMBER

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FIRSTBANK TEAM RETAINS OLUKOYA WOMEN BASKETBALL CHAMPIONSHIP
  • FIRSTBANK DECEMBERISSAVYBE:  TOP 11 EVENTS TO ROCK YOUR DECEMBER

Whenever the conversation is on financial inclusion in Nigeria, FirstBank leads the pack. With over 150,000 banking agents, a full digital banking centre and other innovative solutions, the nation’s premier bank is surely doing a great job connecting Nigerians with access to convenient banking products and services.

But that’s not all. FirstBank is also enabling Nigerians to have the best of the yuletide and holiday season year in year out. The bank is aiding its customers to create exciting memories and enjoy fun time with family and friends through their participation in glamorous musical shows, comedy, dance, drama and other entertainment from A-list superstars and performers.

This is being coordinated via the FirstBank DecemberIssavybe initiative as it bankrolls top entertainment events for maximum pleasure throughout the month of December.

To enjoy the premium concerts, stage plays, fashion and food events; lucky customers and followers of the Bank’s social media pages – Facebook: First Bank of Nigeria Limited, Instagram: @firstbanknigeria should look out for posts on how to participate in the ticket giveaways.

Here are top 11 events that FirstBank is powering to rock your December.

BURNA BOY LAGOS CONCERT

Nigerian Grammy Award winning superstar, Burna Boy will at the Eko Convention Centre on Monday December 27lead other top singers to thrill music fans with many monster hit songs like Kilometre, Questions, Ye, Want It All and others.

DAVIDO 10TH YEAR ANNIVERSARY CONCERT

Davido aka OBO will on Friday December 24, shut Lagos down at his 10th year anniversary concert at the glamorous Eko Convention Centre. David has been in the news for his extreme generosity which has got his fans loving up on him. The show will feature many other superstars.

MAMMA MIA, THE SMASH HIT MUSICAL

A 65 member (All Nigerian) cast and crew licensed adaptation of the global show live in Lagos showing between December 29, 2021 and Jan 2, 2022. It’s a show for the whole family; not just as the Only jukebox musical in Lagos this Christmas; it’s absolutely THE most “Ridiculously enjoyable” show to watch this holiday.

An adaptation of the original musical created in 1998 by British theatre producer Judith Cramer, who engaged British playwright Catherine Johnson, to write a story woven around the multiple hit songs of Swedish pop group ABBA, composed by Bjorn Ulvaeus and Benny Andersson. The original story was carefully and skillfully adapted with a Nigerian nuance by seasoned theatre director Najite Dede. The Nigerian production is woven with shades of cultural colours, which are visible not just in the language and gesture but also in the costume, choreography and characteristics, while the original soundtracks remains the same, this production infuses Abba’s music with local drums and percussions to deliver a distinctive Nigerian edition, resulting in an ecstatic euphoria from the Audience!

A TRUE CHRISTMAS STORY BY LIVE THEATRE

Live Theatre Lagos presents a musical stage play titled ‘A TrueChristmas Story’ which is an adaptation of the popular nativity story. This musical speculates how Joseph met Mary and the events leading to the birth of Jesus situating the story in our contemporary African milieu. The romantic comedy explores the themes of love, commitment, devotion and communality. Christmas is a globally enjoyed holiday that traverses religion, gender and age, and the play, A True Christmas Story captures the essence of the holiday which is love and sharing. This free-to- attend play provides fun for the audience and empowerment for the Cast and Crew.

#ATXS would feature brilliant thespians like Hafiz Oyetoro (Saka), Akah Nnani, NeduWazobiaFM. This epic theatre is interspersed with dance and spectacular music renditions ranging from Ballet to Soul, Acapella, Fuji, High Life, Funk, Galala, Shaku-Shaku and Hip-Hop. It held between 16th and 18th December, 2021.

AFRICA FASHION WEEK

Africa Fashion Week Initiative of Nigeria is a catwalk, exhibition and learning platform designed for the promotion of fresh and emerging designers. Africa Fashion Week Nigeria aims to revive the decline of local textile industries in Nigeria by the opening of the Adire Oodua Textile Hub in Ile-Ife, Osun State Nigeria.

The Adire Hub which was opened in March 2021, facilitates the production of natural dyes, locally sourced materials, old ancient methods, new technology to create Adire pieces. The Hub provides training to low-income women and youth in Ile-Ife and its environs. The Hub enables us to promote circular economies – from farm to fabric to fashion, to financing SMEs.

CULTURATI 2021 – THE AFRICA ENTERTAINMENT FESTIVAL

CULTURATI, is a high-status fusion of cultural event, exhibition and award brand – cleverly tailored toward recognizing the tireless contributions of art luminaries in different creative endeavours. The 2021 edition held on 3 December at the Balmoral Centre, Federal Palace Hotel.

 FIRST VIOLA – BLACK TIE CHRISTMAS

The Black Tie Christmas Concert is a charitable event convened to raise funds for the music education of the underprivileged children in orphanages that are of primary and secondary school age. The event was held on 19th December at the Agip Recital Hall, Muson Centre, Lagos.

THE LIVESPOT X-FESTIVAL XPERIENCE

TheLivespotX Festival is a multi-day hybrid convergence of everything X-traordinary, X-citing and X-clusive, thatcelebratesurban pop-culture.We’re bringing adynamicX-periencethat is fully compliant with the current pandemic era we live in and targeted at a diverse audience with each concert day tailor-made to suit each group of attendees.

The festival includes a string of hybrid events (physical & virtual) that feature headline acts performing live, pristine sound, world-class lighting, immersive experiences, exotic cuisine and much more. It is designed to meet and exceed the entertainment cravings of Nigerians especially during DettyDecember

MAINLAND LAUGHS

In a very crowded entertainment market, Mainland laffs offers a refreshing approach to family entertainment. With this second edition, ML is establishing its number 1 position as the only comedy show in the country that is safe for parents and their wards. Tagged Family Comedy Show, it enables the entire family will enjoy an evening of fun, laughter and entertainment with a variety of children virtuoso and comedic performances, stage plays, comic interludes and much more…. Mainland laffs is a vision of the Trevent Company, and it is one of the fastest growing family entertainment events in Nigeria. The event took place on 5 December at D’Podium International Event Centre, off Adeniyi Jones, Lagos

FUJI OPERA 

Fuji: A Opera explores the music genre and its sub-culture through archive footage, costume, memorabilia, and imagery. Fuji music takes centre stage at the maiden edition of Fuji: A Opera, which kicks off on Monday at the Alliance Francaise de Lagos/The Mike Adenuga Centre, Ikoyi, Lagos. Pioneering Fuji founders such as General Ayinla Kollington, K1 De Ultimate, King Wasiu Ayinde Marshall, and other icons add colour at the commencement of the week-long event.

KOFFI THE GURU, I STAND CORRECTED (ISC)

I Stand to Be Corrected is a stand-up comedy special targeted at the urban audience. Koffi Idowu-Nuel does a solo routine on subjects that relate on family, love, politics, education etc. The event held on the 11th of December at The Terra Kulture in Victoria Island.

Written by Bolaji Israel

Business

Retailer recounts impact of technology on her well-being

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impact of technology

Retailer recounts impact of technology on her well-being

impact of technology

It truly takes time and energy in moving around an open market to source for goods in order to restock, which brings about body aches and fatigue most retailers have shared.

These experiences are fading with ease of shopping and feeling of well-being taking over as retailers conveniently make their orders online, make payment and within a maximum of four hours, their goods get directly delivered to their stores without inclusion of transport charges.

 

 

 

 

Isn’t this pretty cool? Absolutely! Yisau Bolaji who runs a grocery store expresses as he recounts how his life has changed since he discovered Alerzo, an e-commerce platform that enables him carry out his business conveniently.

They do not have to leave their homes to get to the open markets to buy goods. They do not have to face the fear of being worn out, attacked or any mishap in the course of plying the roads.

 

 

 

The emergence of tech firms in e-commerce has been a game changer in the retail sector. More opportunities are being provided to help retailers operate their businesses with ease and maintain healthy lifestyles.

Bolaji who talked about how his health has improved said,”It is a lot of stress going to the market to restock. When I come back from the market, I come back with headache

 

 

 

 

 

“But since I started patronising Alerzo, things are different. Alerzo has a vast assortment of goods. Secondly, Alerzo saves me money on delivery and transportation, aside from the convenience .

“My health has improved because I no longer go through the stress of buying goods in the open market and returning home with a headache. So I’m enjoying the convenience and it is good for my health and wellbeing.”

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Mouka Parent Company, Dolidol International Group, Appoints Dr Adesegun Akin-Olugbade as New Vice Chairman

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Adesegun Akin-Olugbade

Mouka Parent Company, Dolidol International Group, Appoints Dr Adesegun Akin-Olugbade as New Vice Chairman

Adesegun Akin-Olugbade

Dr Adesegun Akin-Olugbade, Mouka’s Vice Chairman

Mouka, the market leader in Nigeria’s sleep industry and a new member of the Dolidol International group, has appointed Dr Adesegun Akin-Olugbade as its new Vice Chairman.

 

The Board of Mouka’s parent company, Dolidol, has given their vote of confidence to the new Vice Chairman, who has an impressive resume of sterling accomplishments.

 

 

 

 

 

According to the Managing Director of Mouka, Mr Femi Fapohunda, the new Vice Chairman’s expertise is in finance, corporate governance and law. As a Non-Executive Board Member, his input and guidance to decision-making by Mouka’s Executive Directors would help propel Mouka to even greater heights.

 

Dr Adesegun is the Founder and Managing Partner of Luwaji Nominees, a legal and corporate advisory services firm and currently serves as Of Counsel at Clifford Chance (CC Worldwide Limited) and International Counsel at ÆLEX.

 

 

 

 

 

He is a graduate of King’s College London (LL. B (Hons) 1983, LL.M 1985) and Harvard Law School (LL.M ’88 and SJD ’91), in addition to being the Overall Best Student at the Nigerian Law School in 1984. He has served for over 30 years in the legal profession and financial services sector; having worked at both the technical and executive management level, in the public and private sector, for leading commercial law firms, multilateral development banks and international financial institutions.

 

He was previously General Counsel and Senior Director at the African Development Bank (AfDB) (2000 -2007) and the first Chief Legal Officer and Head of the Legal Services Department of the African Export-Import Bank (Afreximbank) (1993 – 1997). In December 2018, he retired as Executive Director (Chief Operating Officer), General Counsel and Corporate Secretary of Africa Finance Corporation (AFC).

 

 

 

 

 

Adesegun A. Akin-Olugbade has significant Board level experience. He was a non-Executive Director and former Chairman of the Governance Committee of Ecobank Transnational Inc. (ETI). He was also a Founding Director and Managing Partner of AFC’s wholly owned subsidiary, AFC Equity Investments Limited, Mauritius. He was a founding shareholder and former non-Executive Director of Asset & Resources Management (ARM) Company, a leading financial services company in Nigeria.

 

He is a life member of the Nigerian Conservation Foundation and Trustee of the African Refugee Foundation (AREF) and of the Nigerian Law School Class of 1984.

 

 

 

 

 

In 2003, he was invited to be a member of the Committee on International Monetary Law of the International Law Association (MOCOMILA) and joined the World Trade Board as the first African member in 2019.

 

Adesegun A. Akin-Olugbade is an alumnus of several Executive Management Programs including the Wharton CEO Academy, the IMD Executive Management Program and the HEC (Montreal) Management Development Program (MDP).

 

 

 

 

 

He is an Officer of the Order of the Niger (OON), a national honour conferred on him by the Nigerian Government in September 2012.

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Nigeria Records $2.5bn loss in July as Oil Production Falls to 1.083m bpd

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Oil Production

Nigeria Records $2.5bn loss in July as Oil Production Falls to 1.083m bpd

Oil Production

 

The expectation that Nigeria’s current dollar crunch could subside soon has again been dashed as the country’s crude oil production remained below expectation, slumping to 1.083 million barrels per day in July.

July’s production figure, sourced from the data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), followed the trend in the country’s abysmally low drilling capacity in at least the last 10 months.

 

 

 

 

 

 

 

For the month under review, however, the country’s production allocation by the Organisation of Petroleum Exporting Countries (OPEC) was roughly 1.8 million (1.799) barrels per day.

This means that Nigeria could not produce as much as 717,000 bpd or 22.22 million barrels during July. When valued at a conservative price of $110 per barrel, the 22.22 million barrels were about $2.444 billion for the month.

 

 

 

 

 

 

 

 

While the rest of the oil-producing world and oil majors continue to enjoy high oil prices, Nigeria’s case has been different.
Though the country currently needs every dollar it can get, as pressure on the economy, due to the near non-availability of the greenback continues to mount, the slump in oil production has dashed this hope.

For months, the Nigerian National Petroleum Company Limited (NNPCL) has not been able to remit a kobo to the federation account.
The company blamed the extant subsidy payment regime as well as the massive ongoing oil theft in the Niger Delta.

 

 

 

 

 

In addition, Nigeria has fingered years of declining upstream investment, inability to restart oil wells shut in the wake of the COVID-19 pandemic in 2020 as well as outright sabotage by oil-producing communities for its lack of capacity to raise production.

If there’s no improvement by September, the production deficit is likely to get worse, since OPEC and its allies agreed to an increase in oil production this month, following calls by the United States and other major consumers for more supply.

 

 

 

 

 

 

 

 

In the latest round of distribution of quotas, Nigeria got a modest 4,000 bpd increase, raising its production quota to 1.830 million bpd for September as opposed to the 1.826 million bpd output it got for August and 1.8 million bpd in July.

Nigeria only managed to hit just 1.158 million bpd in the June assessment after it fell to a record low of 1.024 million bpd in the previous month of May.

 

 

 

In the 2022 budget, the federal government pegged the crude oil benchmark at $73 bpd with the projected oil production put at 1.88 million bpd

A recent review indicated that Nigeria produced less crude oil in the first six months of this year compared with the same period in 2020 and 2021.

 

 

 

 

 

 

 

 

It showed that Nigeria’s total of 220.016 million barrels of oil drilled in 2022, is less than the 302.4 million in 2020. That’s roughly a 27.15 per cent decrease.

The NUPRC data further showed that in the first six months of 2021, when the world had started recovering from the pandemic, Nigeria also surpassed this year’s six-month drilling total for the same period by 28.6 million barrels.

 

 

 

 

 

 

Specifically, while the country managed to produce 302.4 million barrels in 2020, it drilled 248.6 million barrels in the same period in 2021, but it quickly degenerated to 220.016 million barrels from January to June this year. That is an 11.29 per cent change between 2021 and 2022.

Of the country’s recorded 35 terminals/streams, the NUPRC data showed that Ajapa, Ima and Anambra Basin remain non-producing, while Tulja-Okwuibome started producing in 2022, after a period of dormancy in 2020 and 2021.

 

 

 

 

 

 

 

The new low production became worse in May when 1.024 million bpd was recorded. In June, it was 1.158 million bpd, according to self-reported data by the government, however, it has fallen again to 1.083 million bpd in July, far from the projection for the period. It was also markedly lower than the production for April, which stood at 1.219 million bpd.

Similarly, Nigeria produced 1.398 million bpd in January, 1.257 million bpd in February and 1.237 in March, according to the NUPRC data.

 

 

 

 

 

 

But despite the huge gulf between expected and actual production, the Minister of State, Petroleum, Mr Timipre Sylva, had recently said the gap would be filled by this August.

Sylva’s comment came after similar assurances by the Group Chief Executive Officer, NNPCL, Mallam Mele Kyari, that the country would drill enough oil to cover the deficit by December last year.

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