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The Importance of Clarity as Dragons and Pitchers Meet

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The first entrepreneur on Episode 11 of dragon’s Den was Makojuola, a 58 year old Agricultural veteran who came seeking 9.6 million naira to expand his agricultural business while offering 25% equity to the dragons.

He was pitching a profitable way to put agricultural waste to better use, whilst protecting the environment. Unable to convince the dragons enough to part with their money but being able to make them see the viability of the business idea earned him the interest of the dragons who opened up a window for further discussions with him.

Tony Samuje, the second entrepreneur who came with an idea that could make the production of entertainment and media content more cost effective in Nigeria, was seeking a 30 million naira investment in Entertainment Warehouse – a soundproofed audiovisual facility designed to encourage indigenous filmmakers to produce their feature length films in a world-class environment located in the city of Lagos.

As brilliant as his idea was, he however could not get the dragons to invest owing to the fact that he was ill-prepared and lacked the necessary facts required to establish and run such a facility. But they encouraged him to go back to the drawing board and really work out the logistics of this business.

The third entrepreneur, Osainde Edmond Alohan was in the den seeking 30 million naira to import some computer-related boards used in the assembly of mobile phones and computers; offering 50% in equity. But the dragons felt it would not be prudent to invest in such a potentially competitive trading business and all opted out.

Oluwafemi Clothings, the fourth entrepreneurs came seeking a 4.6 million naira investment in exchange of 30% equity in their fashion retail company. While they were advised to create a unique afro centric style and identity for their brand to make it more appealing, the dragons however, could not be convinced to invest in an already saturated industry. 

The fifth entrepreneur was a website developer who came seeking a 7.7 million naira capital investment in his already existing web-related solutions company and was ready to part with 15% equity to the dragons.

But the dragons, not convinced on the viability of this business idea opted out.

Capitalizing on the growing need for alternative fuel for both industrial and domestic purposes, Ayodele Michael, the sixth entrepreneur came to the den seeking 11.9 million naira to invest in the development of a bio-diesel product and was willing to give up 25% in equity.

But his inexperience with bio-chemicals and inability to communicate his expertise in the field of biotechnology did very little to convince the dragons, coupled with the absence of a sample and proof of the product’s functionality.

The dragons backed out.


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Yobe Gov Approves Employment of Staff @ State Owned Broadcasting Stations

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Mai Mala Buni, governor of Yobe State has approved the appointment of experienced casual staff working at Yobe Broadcasting Corporation (YBC) and Yobe State Television (YTV).

Yobe Gov Approves Employment of Staff @ State Owned Broadcasting Stations

This is as part of efforts to ensure enough manpower for the on-going digitization of the two stations.

Abdullahi Bego, commissioner for Information, Home Affairs, and Culture revealed this when the officials of the Radio, Television and Theatre Art Workers Union (RATAWU) paid him a courtesy visit at the office in Damaturu.

Bego said the governor had after approving millions of naira for the total overhauling of the two stations directed for formulation of all strategies that will ensure effective implementation of the digitization process.

The commissioner also said, “His Excellency Hon. Mai Mala Buni is passionate about the digitization process of the media organizations in the state especially when it comes to equipment, staff strength and capability.

“The next step is the training and retraining of the staff of the two media organisations for efficiency in the execution of their job,” Bego disclosed.

He said the casual staffs billed for employment were serving at the stations for more than eight years while others five to six years without permanent appointment letters.

“We feel it is good to employ them taking into cognizance their experience in the system and dedication to duty.”

Bego commended RATTAWU among other members of the organization for their effort in informing, enlightening, and entertaining the public at all times.

Comrade Nasiru Illiya, chairman of RATTAWU, while speaking, said they were at his office to register their gratitude to the giant stride of Governor Mai Mala Buni, especially on the digitization of the two media organisations in the state.

“Sir, we are equally very grateful to note that within your short stay as commissioner of Information, we have started witnessing a positive transformation in the sector through the award of contracts worth millions of naira for upgrading YBC and YTV from analogue to digital transmission

“As I am speaking to you now, YBC is online transmission live,” Illiya disclosed


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FirstBank Supports Author on New TV Series

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First Bank of Nigeria Limited has announced its partnership with Arese Ugwu for the television adaptation of her best seller, Smart Money Woman.

FirstBank Supports Author on New TV Series

The weekly show – in its first season – is billed to premiere on Africa Magic Showcase this Wednesday.

The Smart Money Woman is a programme that shows the experiences, sacrifices, struggles and vigour of women in society as they carry out their day to day activities in spite of the gender imbalance in the society, especially in Africa.

The series is an adaptation of Smart Money Woman written to tackle debt, providing tips on inculcating the right savings culture of the African middle class (why don’t we say – every individual – as against limiting to African middle class), the fear and misconceptions surrounding money and the lack of it, love, friendships, cultural and societal pressures and the roles they play in success.

The half hour 13-episode series which is directed by Bunmi Ajakaiye and Co-, produced by Kemi Lala Akindoju, Akin Marinho and Arcadia Tv Africa would have viewers exposed to financial literacy nuggets. Its cast include; Osas Ighodaro, Toni Tones, Ini Dima-Okojie, Eby Eno, Eso Okolocha, Timini Egbuson, Karibi Fubara, Tope Tedela, Seun Ajayi and Temisan Emmanuel.

According to Arese Ugwu, author and executive producer, Smart Tribe Media; “The Smart Money Woman is a love letter to every modern and upwardly mobile African women who are exploring life opportunities and experiences to find that right balance in their day to day activities especially in their career, friendship, relationship and of course, family.”

“We thank First Bank of Nigeria Limited for being the first corporate sponsor to believe in my dream and take a chance on a first-time producer. This is a partnership we are pleased to reckon with, whilst we recognise how they have successfully empowered women across the geo-political zones in Nigeria through its various initiatives, especially the FirstGem product. They have provided mentoring, support and capacity building opportunities for all to create a new generation of financially literate women thereby contributing to the continued growth and development of the country.”

Speaking on the TV show, Folake Ani-Mumuney, group head, Marketing & Corporate Communications, First Bank of Nigeria Limited, said: “FirstBank has been at the forefront of promoting female empowerment and we understand the role financial literacy plays in deepening financial inclusion, whilst promoting female independence.

The essence of the TV programme is to raise financial awareness to inspire every individual in the society, especially women, to make informed choices and take effective actions for their financial wellbeing, she concluded.”


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OurTv Secures LaLiga Broadcasting Rights for Nigeria

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OurTV, a DTH free TV broadcast satellite service provider, has secured broadcast rights for Laliga matches in Nigeria.

OurTv Secures LaLiga Broadcasting Rights for Nigeria

OurTV will broadcast Laliga Santander matches live on its Sports Channel 120.

Commenting on the development, Olushola Peters, Head of Marketing of OurTV, said: “This is one major milestone for OurTv and we want to thank our esteemed users, who have always believed and supported us. We value your input and suggestions as it is a core culture in OurTv to listen and please our viewers as much as we can.”

OurTv is a Direct-To-Home (DTH) TV broadcast satellite service with onetime payment of set-up boxes that offers over 18 unique and exciting channels with the use of homegrown services.


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