October 23, 2026

Stella Adenekan

Life & Culture

Funke Akindele’s ‘Behind The Scenes’ hits ₦2.4 billion at Nigerian box office

Funke Akindele’s Behind The Scenes has climbed to ₦2.4 billion at the Nigerian box office, strengthening its position as the country’s biggest cinema film this season.  The distributor, FilmOne Entertainment, said the figure makes the film the highest-grossing release of the year and the top-grossing film of the weekend. The update follows an earlier milestone

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Explainers

What you should know about 7.5% VAT on bank transfers from January 19

Effective Monday, January 19, 2026, many Nigerians will see a 7.5% value-added tax (VAT) added to certain banking service charges, including fees for mobile/app transfers, USSD transactions, and some POS-related charges. The key point is this: VAT is applied to the bank’s service fee, not to the amount of money you send, withdraw, or receive.

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Builders

Oritsemeyiwa Eyesan is reshaping Nigeria’s oil regulation

Eight months into the job, NUPRC says permit approvals have fallen from 72 hours to under 24. Nigeria has also met its OPEC quota for three straight months, but the 3 million-barrel target remains far away. Oritsemeyiwa Eyesan spent nearly 33 years inside Nigeria’s state oil company. She worked on strategy, commercial agreements and upstream

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Life & Culture

BON Awards 2025 and the business reality of Nollywood

On the surface, the 17th Best of Nollywood (BON) Awards 2025 was about trophies, red carpets, and spectacle. Look closer, however, and the ceremony offered something more consequential, a snapshot of an industry at a critical inflection point, that’s balancing rising creative ambition with unresolved structural constraints. Nollywood’s biggest night of rewarding artistic excellence held

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Builders

Collins Okeke went from apprentice to managing a £16 million UK grant

He left local market in Lagos with a fraction of the startup capital he expected from his boss, returned to school and later moved to Britain. His route into finance began with an accounting qualification after months in an Amazon warehouse. Collins Okeke was 16 when his father sent him into the Igbo apprenticeship system

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POV

Why ‘Item 7 Lagos’ might be the best thing since sliced bread

Back in April 2025, Item 7 Lagos opened its doors in Lagos; no dine-in, no frills, just take-out vibes. Located at 56 Allen Avenue, Ikeja, it immediately caught people’s eyes and appetite, especially via social media and delivery apps. Folks couldn’t stop ordering from them, mainly because the portions are generous, the prices are reasonable,

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Power & Wealth

Why Shoprite is closing Nigerian stores 4 years after Tayo Amusan took over

When Nigerian businessman Tayo Amusan led Ketron Investment Limited’s acquisition of Shoprite Nigeria in 2021, the move was hailed as a commendable step, finally bringing Africa’s biggest supermarket chain under local control. Four years later, the promise has dimmed. Shoprite is now shutting down outlets across key cities, struggling to survive in a market it

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Life & Culture

Spyro is officially off the market: How love found him in Lagos

Nigerian musician Oludipe Oluwasanmi David—better known as Spyro has officially announced his engagement to Janet Atom, a makeup artist. The “Who’s Your Guy?” hitmaker revealed on September 19, 2025, that he’s preparing to marry Janet, in what has become one of the most heartfelt moments making the rounds in Nigerian pop culture. He says their

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Tech Power & Wealth

What the iPhone 17 Costs Across Africa in 2026

The same 256GB iPhone sells at very different prices across African markets. Taxes, distribution, exchange rates and local retail structures explain much of the gap. Apple sells the 256GB iPhone 17 in the United States from $799. African buyers rarely see that price. In Nigeria, iStore currently lists the 256GB model at ₦1.399 million. In

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Life & Culture

Nigeria’s foreign minister drops his top 10 rap songs – but Nigerians aren’t having it

Nigeria’s Foreign Affairs Minister, Yusuf Maitama Tuggar, has sparked controversy on social media after releasing his top 10 rap songs of all time, and not a single Nigerian artist made the list.  Let’s go back to what led to this controversial list. The minister, who some have described as Nigeria’s coolest minister, was fielding questions

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