Broadcasting
Dragons Emerge from Den, Make Offers
Akaku Ugochukwu, an entrepreneur has requested for the sum of N10 million to expand his food processing business in exchange of 22.5% equity in his company.
He planned to process locally sourced food ingredients into highly nutritive easy-to-cook food concentrates.
This is part of the highlights of first episode of Dragon’s Den Nigeria show which aired on Sunday, August 27.
Nwaji Jibunoh; the presenter had made a charming introduction of the dragons, thereby creating a desire for success in the would-be entrepreneurs.
Though Femi Tejuoso objected to being offered only 22.2% equity in a company that the entrepreneur expected the dragons to fully fund, he seemed interested in the business, especially when Ugochukwu mentioned that the equity was negotiable.
Alex Amosu then discovered that Ugochukwu’s customers comprised about 20 local caterers who baked Akara and Moi Moi. Ugochukwu professed to having made N800 thousand in the past one year, of which N600 thousand was his profit.
Ibukun Awosika told him, "with such a profit margin, your business is a cash-cow, you don’t need us, all you need to do is just plough back your profit into the business". But Chris Parkes wanted to know how Ugochukwu intended to market this product, to which he had no ready answer. His business proposal soon crumbled under heavy intellectual fire which saw all the Dragons opting out.
The second entrepreneur approached the Dragons brandishing two coconuts and a bottle. He asked for N35 million, but had no clear business plan on how to use the money. He fell under Alex’s fire which sealed his fate in the den.
The third entrepreneur who had a misconceived idea of the media industry faced the dragons with an idea to set up a one-stop entertainment and media training facility where he would train applicants to become actors, producers, and directors in one week through seminars.
This elicited negative reactions from Chris Parkes and John Momoh who pointed out that his idea was not feasible and not quite long after, he crashed out of the race.
The fourth entrepreneur, David Okafor wanted N25.5 million for his mobile enquiry service business and was ready to give up 20% equity. He talked about designing a mobile directory which would offer a bouquet of services from corporate organizations, and making it available to the public through dedicated short SMS codes.
This attracted Alex Amosu’s attention, who invested some money on the idea but later withdrew it because David’s idea lacked commercial viability. He lost out.
The fifth entrepreneur came with hopes of expanding his auto-refurbishing and auto-refinishing business with N10 million. He boasted of a turnover of N5 million for the past 3 years, with a profit of N2 million each year. Momoh’s attack came first, followed by Awosika’s and before this entrepreneur knew it, he lost out and went home with nothing.
The sixth entrepreneur, Modupe walked into the den, fidgeting with a piece of paper in her hands from which she read her name and business details, stuttering through her presentation, to the Dragon’s dismay.
She asked for N5 million for a business that aimed at empowering women through paid seminars, offering 15% equity to the dragons. She lost out however, for her lack of composure and on the premise that her proposed services were offered free by churches around Lagos, according to Awosika.
The last entrepreneur on this episode, Mohamed Umar, the proprietor of Cute Suites in Zamfara state asked for N50 million and offered 33.3% equity. His idea seemed promising at first but Ibukun Awosika’s observations revealed that his clientele base was narrow and coupled with the fact that he had no clear plan for revenue generation; he left the den with nothing but a pat on the back.
The highlight of his presentation however, was when he presented the Dragons each with a Cute Suits crested fez cap and T-shirt, despite the fact that they had turned down his proposal.
Broadcasting
Fela Makes History as First African to be Inducted into Rock and Roll Hall of Fame

Fela Anikulapo-Kuti, simply known as Fela, legendary Nigerian musician, has made history as the first African artist to be inducted into the Rock & Roll Hall of Fame.

Fela
This is coming after he was posthumously honored with the 2026 Grammy Lifetime Achievement Award, becoming the first African artist to receive this prestigious special merit recognition.
Fela will be honoured in the early influence category this year, along with Queen Latifah, rapper MC Lyte, country rocker Gram Parsons, and Cuban singer Celia Cruz at this year’s Rock and Roll Hall of Fame event.
The honorees were revealed on Monday night in the US, during an airing of American Idol.
Sade Adu, Nigerian-born British singer, will be honoured in the performance category.
However, Shakira, Mariah Carey, Lauryn Hill, New Edition, and Pink, missed out on the final cut despite being nominated.
Over 1,200 artists, historians and music industry professionals voted to decide the honorees.
The induction ceremony will be held on 14 November at the Peacock Theatre in Los Angeles.
Broadcasting
FG to Gift Nigerians over 100 Free TV Channels from May 15

National Broadcasting Commission (NBC) is set to launch so-called FreeTV, with over 100 channels for news, sports, education, entertainment and children’s programming in multiple Nigerian languages.

The launch is scheduled for May 15.
Charles Ebuebu, director-general, NBC, who disclosed this, said the new platform will offer free-to-air access with no carriage fees, leveraging hybrid satellite and internet delivery via NigComSat-1R.
The new plan is not an upgrade, the NBC stressed. This is a rebuild, according to Ebuebu .
FreeTV will be true free-to-air – no encryption, no set-top box barrier.
Any DVB-T2/S2 television will work. A mobile app will extend reach to phones and tablets.
The platform will launch with over 100 national, regional and state channels across sports, news, children’s programming, education, entertainment and cultural content in Hausa, Yoruba, Igbo, Tiv, Ijaw, Edo, Fulfulde, Ibibio, Efik and Nupe – all in HD.
Crucially, the NBC has partnered with a Bulgarian firm, GARB (operating since 2006 and recognised by the European Broadcast Union), to deliver a 94 per cent-accurate audience measurement system using return-path data, app analytics, demographic panels, and Artificial Intelligence (AI).
To qualify broadcasters, must commit their channels, produce a minimum of 60 per cent local content, and promote FreeTV until January 2029.
After that, a regulated tiered rate card takes effect.
According to NBC, the strategic rationale is simple: build viewers first, monetise later.
The document further revealed that six regional production hubs in Lagos, Abuja, Port Harcourt, Enugu, Kano and Benin would function as local content factories, expected to generate 500 to 1,000 jobs per zone within two years.
Broadcasting
What Adekunle Gold’s Support Means for ‘The Gathering on 100

Popular Nigerian artist Adekunle Gold has lent his support to the growing youth-driven movement behind The Gathering on 100, further amplifying conversations around what is fast becoming one of the most talked-about upcoming experiences among young Nigerians.

Adekunle Gold
Known for his music and his strong connection with youth culture and evolving creative expression, Adekunle Gold’s involvement signals a deeper alignment between the event and the kind of audience it is attracting, a generation that is bold, expressive, and constantly redefining what community looks like.
While details of his involvement remain understated, his visible support adds a new layer of support and cultural relevance to the movement. In a landscape where attention is currency, endorsements from artists of his stature often act as a signal, drawing more eyes, more curiosity, and ultimately, more participation, but beyond visibility, the significance lies in what it represents.
The new father has, over the years, built a reputation for embracing creativity in its many forms, from music to visual storytelling, fashion, and digital engagement. His brand has consistently resonated with young Nigerians navigating similar spaces of self-expression and identity.
From interactive experiences like live music sessions and open performance moments to fashion runways and content creation spaces, the event is designed to blur the lines between audience and participant. It invites attendees to move beyond observation and become part of the moment.
This is a concept that closely mirrors the kind of cultural shift Adekunle Gold has been part of, one where boundaries between creator and consumer continue to dissolve.
His support also reflects a broader trend within Nigeria’s entertainment industry, where artists are increasingly engaging with youth-led initiatives that go beyond traditional performances. Rather than simply appearing on stage, they are aligning with movements that foster community, creativity, and shared experience.
For fans and attendees, this adds another dimension to what The Gathering on 100 represents.
As registrations increase and conversations expand across social platforms, the movement is gradually taking shape through the collective interest of those drawn to it.
Head to gathering.com to register.
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