Broadcasting
Aigboje Aig-Imoukhuede Honoured with African Banker Lifetime Achievement Award

Coronation Group proudly congratulates its esteemed Chairman, Mr. Aigboje Aig-Imoukhuede, on receiving the coveted African Banker Lifetime Achievement Award. This prestigious accolade was presented at the African Banker Awards gala dinner and awards ceremony held in Nairobi Kenya on the sidelines of the African Development Bank’s annual meetings.

Mr. Aig-Imoukhuede’s illustrious career in banking and finance spans over three decades, marked by exceptional leadership and transformative accomplishments. As the Group Managing Director and Chief Executive Officer of Access Bank from 2002 to 2013, he led its transformation from a minor player into one of Nigeria’s top five banks, extending its presence to nine other African countries and the United Kingdom. With a vision to democratize wealth creation opportunities for millions in Africa, Aigboje established Coronation Group – a conglomerate encompassing most aspects of investing, lending, and insurance with presence in Nigeria and other African countries.
Speaking on the award, Mr. Aig-Imoukhuede said: “This award honours the collective efforts of over ten thousand talented individuals, mostly Africans whom I have had the privilege to work with throughout my journey. As professionals, recognition spurs us to attain greater levels of excellence.
“The African Banker Awards have been a testament to the potential of African banking and its pivotal role in driving the continent’s economic transformation. I am deeply humbled and motivated to continue contributing to Africa’s growth and development.”
Reflecting further on this honour, Mr. Aig-Imoukhuede stated, “I think the youth have taken over our financial system and I am gladdened by this. From a young age, I have had the opportunity to contribute to Africa’s financial markets in different ways and thankfully, most of my contributions have landed on the right side of the system.
“Today, I ask myself what this quest been about? It is simply this – to write our history and shape the future, we Africans must own our capital”.
In addition to this accolade, Mr. Aig-Imoukhuede’s leadership at Access Bank was previously recognized in 2013 when he received the ‘African Banker of the Year’ Award. His efforts have fostered the development of numerous fintech and finance leaders through the Access Bank Academy, highlighting his enduring legacy and the ‘multiplying effect’ vital for rapid sector transformation.
Mr. Aig-Imoukhuede’s impact extends beyond banking. As co-founder of the Tengen Family Office, he oversees a multibillion-dollar portfolio of investments in banking, finance, insurance, technology, real estate, and energy.
His philanthropic endeavours through the Aig-Imoukhuede Foundation and its subsidiaries focus on building Nigeria’s next generation of government leaders, transforming public sector effectiveness, and improving access to quality primary healthcare.
Wole Onasanya, MD/CEO Coronation Group, expressed his admiration, stating, “Mr. Aigboje’s leadership and vision have been instrumental in shaping the financial landscape of Africa.
“His commitment to excellence and innovation continues to inspire all of us at Coronation Group. We are immensely proud of his achievements and congratulate him on this well-deserved honour.”
Furthermore, Mr. Aig-Imoukhuede recently participated in the International Capital Market Association (ICMA) 56th Annual General Meeting and Conference.
His contributions at this global forum further underscore his influential presence in international financial markets and his dedication to fostering a robust and dynamic capital market environment.
The African Banker Awards, now in its 18th year, is a landmark event celebrating the achievements of institutions and individuals who have significantly contributed to the reform, modernization, and expansion of Africa’s banking and financial sector. With the support of the African Development Bank Group as the event’s Official Patron, the awards bring together key industry players and top government officials from around the globe to honour excellence and best practices in African banking and finance.
Mr. Aig-Imoukhuede’s contributions to sustainable business practices and financial market reform have been widely recognized. In 2012, as a member of Nigeria’s Bankers’ Committee, he led the voluntary adoption of the Nigerian Sustainable Banking Principles, an initiative that has been emulated globally. His role in the Presidential Committee on Fuel Subsidies led to saving Nigeria over $6 billion in fraudulent claims.
Coronation Group extends heartfelt congratulations to Mr. Aig-Imoukhuede on this remarkable recognition and celebrates his outstanding contributions to the financial sector and beyond. His vision and leadership continue to drive a prosperous future for Africa.
Broadcasting
MultiChoice Suspends Yearly DStv Price Hike as Canal+ Pushes Growth

MultiChoice has said that it will not implement its customary yearly price increase on DStv and GOtv subscriptions.

This is the first time the Pay-TV company will not be adjusting its price in April, as it has in previous years, signalling a clear shift in direction under its new owner, Canal+.
The decision, confirmed by David Mignot, group chief executive,MultiChoice in an interview with TechCentral, comes as the pay television operator grapples with steep subscriber losses across its markets.
For many households accustomed to annual April tariff adjustments, the announcement will be a welcome break.
Responding to questions about whether DStv prices would rise in April as they have in previous years, Mignot gave a firm response: there will be no increase.
He explained that the company’s immediate focus is on rebuilding its subscriber base, making this an unsuitable period to adjust prices upward.
He added that while there are no current plans for a price hike, the company has not completely ruled out adjustments later in the year, especially if economic conditions demand it, such as significant currency movements.
MultiChoice has historically reviewed and raised DStv subscription fees in April, often citing inflationary pressures and rising content costs. As recently as April 2025, bouquet prices were adjusted upwards by between 2.1 per cent and 7.9 per cent.
The DStv Premium package rose from R929 to R979 per month, while DStv Access, the entry-level satellite package, recorded one of the steepest increases.
This year’s pause represents a break from that pattern and forms part of a broader reset following Canal+’s acquisition of MultiChoice in September 2025.
Mignot, who brings three decades of experience in the pay television industry, summed up his mission in simple terms: halt subscriber losses and return the business to growth.
The urgency behind the move is evident in MultiChoice’s recent performance.
The group has lost 2.8 million linear broadcasting subscribers in the two years ended 31 March 2025, with roughly half of those losses occurring in South Africa.
In the financial year to end-March 2025 alone, MultiChoice shed 1.2 million subscribers, representing an eight per cent year-on-year decline and leaving the group with 14.5 million active customers.
The previous year saw an even steeper drop of 1.6 million subscribers. By June 2025, Canal+ indicated that the pace of decline had intensified further.
The financial impact has been significant. Revenue for the year ended 31 March 2025 declined by R4 billion to R52 billion, while trading profit fell sharply by 49 per cent to R4 billion.
According to Mignot, the company’s difficulties stem less from its programming slate and more from weaknesses in its commercial execution.
He argued that in subscription businesses, a churn rate of between 12 and 15 per cent annually is inevitable as customers relocate, experience job losses, adjust household budgets, or change priorities. Without attracting a comparable number of new subscribers each year, losses accumulate.
Mignot maintained that the content offering remains strong, particularly in sport and general entertainment. He cited flagship brands such as SuperSport, M-Net and Africa Magic as evidence of sustained investment in programming. However, he stressed that content strength alone cannot offset a weakening subscriber acquisition engine.
He noted that MultiChoice’s commercial machinery had performed robustly across Africa until around 2022, describing the current challenges as relatively recent.
Drawing on Canal+’s experience in French-speaking African markets, Mignot pointed out that pricing there has remained largely unchanged for close to 14 years, supported by a volume-driven approach. He described his strategy as one focused on growing subscriber numbers while maintaining profitability.
While he did not dismiss the possibility of reviewing prices downward in future, he indicated that no such decision has been taken.
Broadcasting
Spotify Marks 5 Years in Nigeria with 163.5% Listening Surge, Afrobeats Boom

Spotify marked five years in Nigeria since its February 2021 launch with dramatic year-on-year listening growth averaging 163.5% through 2025, featuring triple-digit surges early on and sustained momentum, propelled by Afrobeats streams rocketing +5,022% alongside booming genres like Amapiano (+10,330%), Gospel/Praise (+5,499%), Hip-hop/Rap (+3,020%), and R&B (+2,602%).

Spotify
Indigenous language music listening surged +554% in Nigeria in 2024 and +87% in 2025, with global growth at +141% and +41% respectively, underscoring rising demand for local storytelling sounds.
The platform’s Nigerian artist roster expanded +158%, fueling a discovery boom where average listeners (aged 26) streamed 150 different artists recently; users created over 25 million playlists, logged 1.4 million play hours in 2025 alone, and streamed 59 billion podcast hours total.
Top Artists (2021-2025): Asake, Wizkid, Seyi Vibez, Burna Boy, Davido.
Top Songs: “Remember” (Asake), “Dealer” (Ayo Maff & Fireboy DML), “Awolowo” (Fido), “Kese (Dance)” (Wizkid), “Lonely At The Top” (Asake), “Joy is Coming” (Fido), “With You” (Davido feat. Omah Lay), “Terminator” (Asake), “MMS” (Asake feat. Wizkid), “Doha” (Seyi Vibez).
Nigeria’s debut stream was Shiga Lin’s Cantopop epitomizing borderless discovery from day one.
Broadcasting
Pheelz Shares His Journey on Glo-Sponsored African Voices

Nigerian singer, songwriter and producer Pheelz (Phillips Kayode Moses) is set to feature this weekend on African Voices Changemakers, the flagship magazine programme on CNN International.

The 30-minute episode, sponsored by digital solutions company Globacom, premieres on Saturday, February 21, 2026. In a candid sit-down with host Larry Madowo, Pheelz opens up about his journey from church musician to global hitmaker, reflecting on the intersections of faith, fame and the expanding influence of Afrobeats on the world stage.
Now 31, Pheelz began his musical path as a multi-instrumentalist in church before earning widespread acclaim in 2012 as the producer behind the hit tracks “First of All” and “Fucking with the Devil” on Olamide’s YBNL album. His rapid rise saw him named among NotJustOk’s Top 10 Hottest Producers in Nigeria in 2013.
He further solidified his reputation by producing nearly every track on Olamide’s Baddest Guy Ever Liveth, earning nominations at The Headies 2013 and in the Producer of the Year category at both The Headies 2014 and the Nigeria Entertainment Awards. In 2020, he clinched The Headies Producer of the Year award, and in 2021 secured the Soundcity MVP Award for Best Collaboration for “Finesse,” his smash hit with Bnxn (formerly Buju).
On the programme, Pheelz reflects on the experiences that shaped his sound and creative philosophy, discusses landmark collaborations, shares his perspective on artificial intelligence and artistry, and explains why sound, storytelling and culture remain central to African music’s global resonance.
The show airs on DSTV Channel 401 at 8:30 a.m. (WAT) on Saturday, with repeat broadcasts at 12:00 noon the same day; Sunday at 4:30 a.m. and 7:00 p.m.; Monday at 4:00 a.m. and 6:45 p.m.; and Tuesday at 6:45 p.m. The broadcast schedule continues through Monday of the following week.
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