NAIJAFEED

Wednesday, June 3, 2009

SONY to invest in Nigeria

SONY Corp and Well Trade Services UK limited have announced plans to invest £30 million in Nigeria's broadcast and audiovisual production industry. Creazoni Communications Limited of Nigeria is partnering with SONY and WTS to target Nigeria's broadcast and film industries.

This announcement could mean a HUGE facelift for future Nollywood movies and other media productions based in Nigeria. So lets keep our fingers crossed and hope Naija big wigs behave themselves and don't try any 419 Shenanigans!

Trade Invest Africa

Related stories: Nollywood in Retrospect

Interview with the father of Nollywood

Nigerian drug Kingpin to testify

After the Liberian Government confiscated $500,000 from Nigeria's drug trafficking Czar Mr. Valentine Ayika. Looks like the Nigerian government might have to extradite Valentine back to Liberia. According to Liberia's supreme court, they may order the Liberian Government to produce the living body of Valentine so that he may be tried in the country.

Check out AllAfrica for more details.

Video report on Nigeria's war on drugs

Monday, June 1, 2009

UK hostage now MEND Advocate

Today is Matthew John Maguire's Birthday. Matthew was one of 27 oil workers kidnapped by members of the Movement for the Emancipation of the Nigera Delta (MEND) in September of last. All of the other hostages have been released except for him.

MEND announced earlier today that they will be realising Matthew as a birthday gift to him. But later in the day an email from MEND was recieved stating:

"Matthew Maguire has declined the gift of a release from captivity with an argument that he is now an advocate for change in the region."

UK man held for 6 months by MEND released

Super Eagles $200,000 bonus to beat Kenya

It's been announced that the Nigerian Super Eagles will be paid $200,000. to beat Kenya in the 2010 World Cup qualifying match that will be played this coming Sunday in Abuja.

One particular condition has been put in place before they get the bonus though! They must score three goals and keep a clean sheet against Kenya or else they'll only get their regular bonus of $5,000. each...enough for Obi Mikel to spend with his friends at a london pub!

10 years of democracy = $162 billion in Nigeria

Privately owned Sunday Vanguard Newspaper has reported that 10 years of successive democratic rule has brought Nigeria revenue of 30 trillion naira which is equivalent to about $162 billion. Most of this revenue generated has unfortunately not been used to improve the living conditions of Nigerians but has apparently been only enough to pay salaries and allowances of civil and public servants.

But we all know what's really up don't we. The reasons why most Nigerians haven't seen this $162 billion make any improvements in their lives is because most of that revenue has been lost to them by the corruption and incompetence of the people in power.

More details on why most Naijas aren't getting a piece of the pie here . A very interesting read!