Connect with us

Broadcasting

Njoku,iROKOtv Boss Bags CNBC AABLA West Africa Young Business Leader of the Year

Published

on

Kindly share this post

Jason Njoku, co-founder and CEO of iROKOtv, has won the acclaimed title of CNBC Young Business Leader of the Year2013 -West Africa.

The accolade was awarded to him last night at the Intercontinental Hotel, Lagos, Nigeria and was attended by captains of industry and government leaders.

The annual ‘All Africa Business Leaders Awards – West Africa  (AABLA – WA) honours business excellence in the West Africa region that has had a considerable impact on their industry and the community that they serve.

Njoku said from his London offices: “This is an incredible honour, to be recognised by my peers and notable business leaders from across West Africa. I enjoyed going through the rigorous judging process as it helped me put into context the achievements iROKO has reached, as well as consider the challenges we have for the future.

“Being an entrepreneur is the hardest thing someone can ever do; it consumes every second of your day and will challenge and push you to your absolute limits. It is both brutal and sublime and as many of my peers will testify, doing business in Africa comes with its own set of unique challenges. That being said, there’s nothing else I would want to be doing with my life and I’m extremely proud of what we’ve been able to build with iROKO giving the African internet scene the global platform it so rightly deserves.

“I am thrilled with this award and would like to thank CNBC, Forbes Africa, ABN 360 Productions, the esteemed judging panel and everyone else involved with the event. I would also like to take this opportunity to congratulate my fellow finalists and winners on the evening.”

The judging panel for AABLA West Africa included; Seyi Bickersteth – national senior partner of KPMG Professional Services, Nigeria; Oscar N. Onyema -chief executive officer, The Nigerian Stock Exchange; and Bismark J. Rewane – economist and banker.

In December 2010, Njoku launched a YouTube site dedicated to streaming Nollywood movies called Nollywood Love, which attracted the attention of US-based Hedge Fund Tiger Global who led on two rounds of funding totaling $8 million.

This was invested into building a dedicated movie platform and purchasing more movie content. Today www.irokotv.com is the world’s largest online distributor of Nigerian movies, with a catalogue of over 5,000 and has been dubbed by the world’s media as the ‘Netflix of Nollywood’.

It records close to 1million unique visitors a month with Nollywood fans logging in from 178 countries in the world.

The company has disrupted the Nollywood movie industry and has successfully reorganised the global distribution of one of Nigeria’s most prized exports.

Njoku concluded: “I cannot receive this award without mentioning the unfaltering love, support and patience of my wife, Mary, who has recently brought our first son into the world, making me the happiest man alive. I must also thank my best friend, business partner and iROKO co-founder, Bastian Gotter, whose initial investments into my ‘crazy Nollywood internet project’ have helped us to grow our business into a market leader. Without the combined help and support from Mary and Bastian, the company simply wouldn’t exist.”

In 2012, Njoku was touted by Forbes Africa as one of Africa’s Top Young Millionaires to watch and earlier this year, he was named by New African Magazine as one of Africa’s Top 50 African Trailblazers. He is also an official Growth Ambassador for the Alternative Securities Market (ASeM) with the Nigerian Stock Exchange (NSE).


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Broadcasting

Obi, NDC Presidential Candidate Faces N50Bn Defamation Claim over Alleged Podcast Remark

Published

on

Kindly share this post

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.

Obi, NDC Presidential Candidate Faces N50Bn Defamation Claim over Alleged Podcast Remark

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.

 


Kindly share this post
Continue Reading

Broadcasting

Why We’re Partnering With NIHOTOUR To Bring Nigerians In South Africa Home – Steve Babaeko

Published

on

Kindly share this post

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.

Why We’re Partnering With NIHOTOUR To Bring Nigerians In South Africa Home - Steve Babaeko

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.


Kindly share this post
Continue Reading

Broadcasting

Spotify partners Afro Nation Portugal to expand African music experience

Published

on

Kindly share this post

Spotify has announced a partnership with Afro Nation Portugal as the festival’s official sponsor and exclusive streaming partner for the 2026 edition, in a move aimed at bringing African music and festival experiences to a wider global audience.

Spotify partners Afro Nation Portugal to expand African music experience

The collaboration will provide fans with a dedicated Afro Nation destination on Spotify, featuring official festival playlists, participating artists and selected performance videos after the event.

The 2026 edition of Afro Nation Portugal is scheduled to hold from July 3 to July 5 in Portimão, Portugal.

Spotify said the partnership would enable fans to engage with the festival before, during and after the live event, regardless of their location.

The streaming platform noted that the initiative aligns with its continued investment in promoting African music and supporting its growing international audience.

Speaking on the partnership, Spotify’s Content Marketing Manager for Sub-Saharan Africa, Mr Rifumo Mdaka, described Afro Nation as a global showcase for African music and culture.

“Afro Nation is more than a festival; it is a global expression of African music, fan culture and creative influence.

“Our partnership is about helping that moment travel further through our first collaboration with Afro Nation of this nature.

“By bringing the festival to Spotify, we are giving fans a place to connect with the artists, performances and stories that define the festival long after the final set,” he said.

According to Spotify, the collaboration will also include exclusive festival content, artist discovery features, curated playlists and fan-focused storytelling.

The company said it would document the journey of a selected fan travelling to the festival as part of efforts to showcase the growing global appeal of African music.

Also speaking, Director of Global Partnerships at The Malachite Group and Afro Nation, Ms Clémence Blum, said the partnership represented a major step in expanding the festival’s global reach.

“Afro Nation has always been more than a festival. It is a platform built to celebrate African music, support artist breakthroughs and connect a global community through culture.

“Our partnership with Spotify reflects the shared role we both play in helping artists reach new audiences and giving fans deeper ways to engage with the music they love,” she said.

Spotify said selected live performances from the festival would be made available on the platform after the event, allowing fans around the world to relive the performances on demand.

The company added that the partnership reinforces its commitment to promoting African music, supporting artists and strengthening connections between creators and audiences across the globe.


Kindly share this post
Continue Reading

Trending