Champion Breweries Plc has received shareholder approval to raise ₦20 billion to expand its operations and boost growth. The decision was made at an extraordinary general meeting, the company announced on Thursday. The funding plan includes issuing up to 1.58 billion ordinary shares to meet the Nigerian Exchange Limited’s (NGX) free float requirement. This move … Read more
Kunle Afolayan popular Nollywood filmmaker has asked the government to provide grants to help the Nigerian movie industry grow. He said this during the 2024 Zuma Film Festival, organized by the Nigerian Film Corporation and the Federal Capital Territory Administration. Need for Grants Kunle Afolayan explained that grants would allow filmmakers to focus on creating … Read more
Australian lawmakers have approved a landmark bill banning under-16s from accessing social media platforms, including Facebook, Instagram, and X. Social media companies will be required to take “reasonable steps” to prevent young teens from creating accounts. Non-compliance could result in fines of up to AU$50 million (US$32.5 million). Tech companies have criticized the legislation, describing … Read more