Broadcasting
Music Subscriptions Will Dominate Digital Charge, Retail Spending- Ovum

Retail sales of recorded music will see little variation in total spending levels in the years to 2020 despite the rising interest in streaming, according to global analyst firm Ovum’s latest forecasts.
Spending on digital formats and services will overtake physical formats this year and go on to account for almost three-quarters of all sales in just six years.
According to Ovum’s latest research*, the retail value of all recorded music sales is expected to contract this year and next before edging up 0.1% in 2017. However, the slight return to growth is forecast to be short-lived and spending will fall in each of the three years to 2020.
Simon Dyson, music practice leader for Ovum, and author of the report said “2015 is a big year for the music industry with global retail sales of recorded music crossing the digital tipping point.” Dyson added that “For the first time, digital spending will top physical sales, amounting to US$11.7bn this year (compared with US$10.3bn for physical) and reach US$15.7bn in 2020.”
Music subscriptions will lead the digital charge and will dominate retail spending for the foreseeable future.
Record companies are set to benefit most from the streaming gains given the lower costs involved and are expected to register increased earnings annually.
For each of the six years forecast, Ovum has estimated that the overall annual difference in the global retail sales figure will not change by more the one percentage point either way. The biggest annual movement is expected in 2020, with a year-on-year dip of 1%.
That there is no anticipated growth in overall consumer spending on recorded music will make difficult reading for the record companies.
Moreover, the estimated value of recorded music spending in 2020 is expected to be US$3bn lower than it was in 2010. But there is some comfort in the figures.
According to Dyson, “the shift from ownership to access has meant manufacturing and distribution costs have been reduced and, with consumers steadily spending more on access services and less on downloads, costs are going to continue to shrink.”
Dyson said that “the gross income record companies expect to make from physical format sales this year is around US$5.2bn and this will fall to just under US$3bn in 2020. EBITDA is also forecast to decrease, from US$520m to US$300m.”
In contrast, for downloads there are no manufacturing costs and only minimal distribution expenses. The gross record company income from downloads is estimated at US$2.6bn in 2015 and US$1.4bn in 2020, while EBITDA in those years will be US$790m and US$420m, respectively.
The EBITDA share for subscriptions and advertising downloads will be slightly higher than downloads because of lower sales and marketing expenses. Gross record company receipts from subscriptions/streaming are estimated at US$2.4bn in 2015, rising to US$5.4bn in 2020, while EBITDA from subscriptions/streaming is forecast to grow, from US$820m to US$1.9bn
Taken altogether, gross receipts for record companies from the combined sales of physical formats, downloads, and income from access services are forecast to slip, from US$10.2bn this year, to US$9.8bn in 2020. However, as consumer spending on subscriptions rises, EBITDA will grow, from US$2.1bn to US$2.6bn.
Streaming is riding close to the crest of the recorded music wave at the moment with a good number of trade associations reporting high growth figures and rising subscriber numbers.
In some countries, access services are more than offsetting declines in sales of physical formats and music downloads. But, given that physical formats – and to a lesser extent single tracks and digital albums – still account for a sizable share of music retail sales, the streaming sector will be hard pushed to make up for the forecast declines in the buy-to-own formats.
“Assuming consumers don’t make a sudden rush to access services, no decline in total sales in the coming years may well be the best result the recorded music industry can hope for,” concluded Dyson.
Broadcasting
NELFUND Investigates 34 Universities Over Students’ Missing Tuition Refunds

Nigerian Education Loan Fund (NELFUND) says it is investigating about 34 tertiary institutions over allegations that they failed to refund students whose tuition fees were paid twice under the Federal Government’s student loan scheme.

The Managing Director of NELFUND, Mr Akintunde Sawyerr, disclosed this during an interview on Arise Television.
Sawyerr said the agency had deployed a five-member investigative team, including operatives of the Economic and Financial Crimes Commission (EFCC) and internal auditors, to examine the allegations.
According to him, the investigation was prompted by numerous complaints received from affected students.
“As of right now, there are 34 institutions that we are looking at closely with respect to this issue,” he said.
Sawyerr explained that the double payment issue arose because President Bola Tinubu directed that the student loan scheme commence in the middle of an academic session instead of at the beginning.
He said the decision compelled many students to pay their tuition fees to meet registration deadlines while awaiting approval of their loan applications.
“What happened is that a lot of schools got double payment; some from the students and some from us,” he said.
“The refund process is entirely out of our hands. It is the recipient of the double payments that is obliged to make refunds to the students.”
The NELFUND boss noted that many students had borrowed money from family members, friends and other sources to pay their tuition with the expectation of receiving refunds once the loans were disbursed.
He said while some institutions had promptly refunded affected students, others had failed to do so.
“Some have been very good at this. Others haven’t been so good at it,” Sawyerr said.
“I reserve judgement on the intentionality around it because, for some of them, they just didn’t have the process to make refunds.”
Sawyerr disclosed that NELFUND was exploring a tokenised payment system that would enable students to authorise tuition payments directly to their institutions, thereby reducing the likelihood of duplicate payments.
He said the agency deliberately chose not to disburse tuition loans directly to students to minimise the risk of fund diversion.
“Paying the funds to the students could really lead to the temptation for them to divert and do other things,” he said.
The managing director, however, acknowledged that NELFUND lacked the statutory powers to compel institutions to refund students or prosecute officials found culpable.
He added that many frustrated students had submitted complaints not only to NELFUND but also to anti-corruption agencies, including the EFCC and the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
Sawyerr also expressed concern over increases in tuition fees by some institutions following the introduction of the student loan scheme.
He said NELFUND had declined to pay institutions that increased their tuition fees beyond acceptable levels.
“Some schools, because they get paid easily, started to put up their fees. We refused, point blank, to pay institutions who had hiked their fees beyond a certain level,” he said.
He reaffirmed the agency’s commitment to investigating every reported irregularity and strengthening the implementation of the student loan programme through continuous monitoring and internal reviews.
Broadcasting
Obi, NDC Presidential Candidate Faces N50Bn Defamation Claim over Alleged Podcast Remark

Abayomi Arabambi, national vice chairman (South-West) of the Labour Party, has demanded a public apology, a retraction, and N50 billion in damages from Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), over an alleged defamatory statement made during a podcast interview.

The demand was contained in a letter issued by the law firm Neplus Ultra Attorneys and signed by Anderson U. Asemota, Peter O. Asimegbe, and Stanley C. Eziefulle on behalf of Arabambi.
According to the letter, the legal dispute arose from comments allegedly made by Obi during the interview, where he reportedly stated that Arabambi “does not have an address.”
Arabambi’s legal team described the statement as false, malicious, and defamatory, arguing that it portrayed their client as a faceless individual without legitimacy, credibility, or standing in public life.
The lawyers further claimed that the interview was widely circulated on television stations and digital platforms, exposing Arabambi to public ridicule and damaging his reputation.
“Our client has had a known residential and business address, maintains professional and political affiliations within Nigeria, and has never been a person whose whereabouts or identity were unknown,” the letter stated.
The legal team maintained that the alleged publication caused embarrassment and harmed Arabambi’s public image and political standing.
As part of their demands, the lawyers called for an unreserved public apology to be aired on national television, published on Obi’s verified social media platforms, and carried as full-page apologies in national newspapers.
They also demanded the payment of N50 billion as compensation for the alleged injury to Arabambi’s reputation, dignity, political standing, and public image.
Broadcasting
Why We’re Partnering With NIHOTOUR To Bring Nigerians In South Africa Home – Steve Babaeko

When Nigerians began arriving back home on emergency flights following an ultimatum from anti-migrant groups in South Africa, Steve Babaeko, alongside The Nigerian Institute of Hospitality and Tourism (NIHOTOUR), saw an opportunity to step up for his fellow citizens.

Steve Babaeko
The CEO of X3M Ideas explains that he saw a deep obligation, one that had nothing to do with advertising and everything to do with hospitality. For Babaeko, it was a reminder that an agency owes a duty of care to the community it exists within.
That conviction shaped the creative agency’s partnership with the Nigerian Institute of Hospitality and Tourism (NIHOTOUR) for the newly launched ‘Welcome Home’ pilot programme at Murtala Muhammed International Airport (MMIA) in Lagos. Rather than simply crafting a messaging campaign around the crisis, X3M Ideas helped design a tangible, physical system.
“This wasn’t built as a campaign about a crisis,” Babaeko said. “It was a hospitality agency deciding what it owes its own citizens the moment they land.”
For Babaeko, what X3M has built is infrastructure, something returnees can physically walk through, use, and benefit from the instant they clear the arrival gate.
With the MMIA pilot now officially running, NIHOTOUR directs returnees to immediate support services and issues them a Returnee Card. This card grants individuals a free first night at partner hotels, immediate transport assistance from the airport, and fast-tracked business registration support.
Furthermore, the initiative features a dedicated Restart Desk to assist returnee entrepreneurs and tradespeople with job placement referrals and business registration. This operates alongside a public Homecoming counter that tracks the cumulative number of returnees welcomed, businesses restarted, and jobs facilitated.
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