Archive for nigeriang

Heineken stops production in Egypt

Heineken stops production in Egypt

Dutch brewer,
Heineken NV, said on Monday it had halted production in Egypt as
tension rises in the country in the face of ongoing street protests
against the rule of President Hosni Mubarak.

A spokesman for the
company revealed that it is not immediately clear when production will
be resumed or what the financial impact will be from the production
halt. Heineken had earlier repatriated 29 Dutch nationals from Egypt.

“Regional volumes
and profitability will suffer from the situation, but the contribution
to the group is limited, also implying a limited impact on Heineken’s
bottom-line earnings,” SNS Securities said in a research note.

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South Africa records surplus

South Africa records surplus

South Africa’s
trade account recorded a 10.3 billion rand surplus in December compared
with an 8.4 billion rand surplus in November, the South African Revenue
Service (SARS) said on Monday.

Exports increased
by 10.4 per cent month-on-month in December while imports fell by 15.9
per cent. SARS said the December surplus was “buoyed by higher
commodity exports, specifically iron ore, precious metals, and base
metals.”

Ten economists surveyed by Reuters expected the trade account to register a 2.75 billion rand surplus in December.

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Council plans N20m cashew industry

Council plans N20m cashew industry

Jasper Uche, the
Transition Committee Chairman of Umunneochi Local Government Area in
Abia state, said that the council will soon open a cashew processing
industry in the area.

He revealed this on
Sunday in Umunneochi, that the industry will be sited in Mbala
community.Mr Uche explained that the industry will utilise the abundant
but neglected cashew nuts at Mbala, as the area has the largest cashew
farm in Abia state.

He said the abundant cashew nuts have continued to waste away
because of the non-availablity of industries to process and preserve
it. The chairman said ‘‘we want to take the bull by the horn to check
the wastages of the resources of the people.’’

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Agency decries funding constraints

Agency decries funding constraints

The Executive
Secretary, Nigerian Investment Promotion Commission (NIPC), Mustapha
Bello, on Monday in Abuja decried the commission’s poor state of
funding and said it needs N2 billion annually to function effectively.

Mr Bello revealed
that the commission was not funded in 2010,and this has has not allowed
it to attract investment through awareness. He said that the agency
have had to rely on the support of the private sector to fund most of
its programmes and activities.

He said, ‘‘We have tasked the private sector so much since I came in here, but it appears they are getting tired of helping’’.

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A life in music and electronics

A life in music and electronics

Anjola Aboderin has
been a musician and Electronics Engineer for over four decades. He
devised how to successfully combine both as a primary school pupil in
the 1960s.

“I started to play
music with my brothers and during that period, we realised that
Electronics was the basis of music. We tried to make our own equipment
because it was too expensive to buy.Before I knew it,I had developed a
keen interest in Electronics; almost higher than the interest I had in
music. Electronics would never have come in if music wasn’t there in
the first place,” he explains.

Aboderin eventually
studied Electronics Engineering via correspondence with tutorial
schools in England, obtaining his first diploma in Practical
Electronics well before he completed secondary school.

The artist’s
interest in the two fields further received a boost with his membership
of ‘The Busters’, a band formed by his two older brothers. TV producer,
Laolu Ogunniyi, Niyi Adenuga and Emman Edem amongst others, were also
members of the band which featured regularly on musical programmes on
the Western Nigeria Television (WNTV), Ibadan. Aboderin, who went into
Electronics with his immediate senior brother, Akin, recalls. “We were
always experimenting and making things like loud speakers, amplifiers,
guitars, radio receivers and transmitters successfully. That greatly
impressed my father and he encouraged us.”

The producer

Though he didn’t
know it at the time, his early preparations would later help his music
career. “A lot of promising musicians fail because of lack of
equipment, encouragement and infrastructure. We were lucky because we
could make some of these things ourselves and that gave us an edge over
a lot of others. Today, I still design and construct a lot of
electronic gadgets for music and industry. I help custom design and
construct recording studios with affordable local components, sound
systems for church bands, musicians, night clubs and so on. I enjoy
helping the less privileged get up on their feet where music and ‘high
tech’ electronics are involved,” he says.

Apart from helping
out in the design of clubs including Wichitis in the London West End,
KS and Safari night clubs in Ibadan and recording studios including
Iyanda Studios in Ibadan; Phonodisk in Ijebu Igbo and Saanu Olu Studios
in Ijebu Ode, Aboderin was also a music producer.

“My interest and
abilities in Electronics came in very handy right from the late 60s.
With my Electronics and ability to play the piano and the organ, I was
able to handle complex music synthesisers easily. At that time we had
analogue synthesisers which required a lot of programming. It was very
complex; you had to know some Electronics as well as music to
understand the programming. For a very long time, the ‘MOOG’
synthesiser as it is known was not usable by everybody; I was one of
the very few musicians at that time that could operate that equipment
well. So, I started a part time job as a session musician with EMI
Studios, Lagos. I made weekly trips there to play the synthesiser into
usually already recorded music. Most of the time, I didn’t even get to
meet the musicians at all. I get there, listen to recording and work on
it. Eventually, I started getting involved in the production. I started
having to sit there, rearrange and rehearse music at the very early
stage of each work.”

He discloses that
working with Odion Iruoje, then executive producer at EMI was a unique
experience. “He wasn’t a musician but he had a good set of ears. He
will identify a wrong note. He produced so many artistes of that time
and there was hardly any big artiste that appeared through EMI that
wasn’t produced by Odion Iruoje. I took care mainly of the younger
musicians, they needed the musical expertise to reach the level for
securing the recording contract and that was where he came in.” He also
worked with the Lijadu Sisters, Akeeb Kareem, Ofege, Tabernacle, Dr
Osofisan and Epiphanio Joseph.

Tunji Oyelana’s apprentice

The musician who
backed Highlife maestro, Tunji Oyelana early in the day explains how he
came about the role. “I started playing alongside with him at Mbari
Mbayo (later Kongi) Club, Adamasingba around 1968. It was a cultural
club that was run by the likes of Professor Wole Soyinka. I used to go
there to play with a band I had in secondary school, ‘Cadet Six’. It
was an offspring of the ‘Busters’. We went there often to jam alongside
Uncle Tunji’s band ‘The Freshmen’ (later ‘The Benders’) I also used to
be featured on stage with Uncle Tunji himself.

“I played guitar,
organ; I could play all the instruments available anyway. After a
while, I became a permanent member of Uncle Tunji’s band. Not too long
after that, because band boys were always drifting away, I had to start
recruiting musicians from my own personal musical groups into Uncle
Tunji’s band. Eventually, I became the acting leader of the band too,
practically taking over the affairs of the band from Uncle Tunji. All
he had to do was come in and sing. A responsibility I still carry till
today. If Uncle Tunji has to do any programme today in Nigeria and
abroad, especially if it requires a full musical band, I rehearse the
band as the leader… just bring Uncle Tunji in and we are performing.”

Multi instrumentalist

Not many people
know that Aboderin plays other instruments apart from the saxophone and
that he is not just limited to Highlife music. “In 1966, when I tried
to form my own primary school boy’s band, I had to train everybody. But
first, I had to teach them to play various instruments so I found
myself first mastering practically all those instruments. I started
with the guitar and organ, moved on to piano. Soon after, bass guitar
and trumpet, alto saxophone. Then briefly while I was in England,
violin. At that time I was playing pop music, Beatles’ type of pop
music. When I came back from England in the mid 1970s, I took up all
the other saxophones in that instrument family,of course drum sets too.
Occasionally, I sang when there was nobody else to do it. I don’t think
there is any form of music that has been popular since 1963 that I have
not been involved with. It’s just generally music that I do, not some
particular type of music.” Though he has a Jazz band, Aboderin does not
have any album.

“We have recorded
quite a number of albums but they are not out commercially. They are
for private distribution within musicians as research materials and to
our fans. Our real interest is the development of artistes and music.
It’s more an academic thing, and not yet a commercial thing that we are
doing.”

Like father, like daughter

One of Aboderin’s
aspirations after succeeding at building electronic equipments for his
band and other bands was to design and build a recording studio from
locally available electronics and building components. He realised the
dream years ago with the establishment of a state of the art studio, an
arm of his Square Waves Limited in his Oke Ado, Ibadan, home.

Some parents wouldn’t want their children to take after them but
this is not the case with the old student of Ibadan Grammar School. His
daughter, Folasade, known as Shady Blue has taken after him. “I was
encouraged by my father and mother. When I discovered that my children
were interested in music; from the oldest to the youngest, I felt so
happy that I am opportuned to help my children just as I have been
encouraging others. She is a singer; she has her own band in England.”
Having noticed an old car in good condition in the premises when I
arrived, I could not but ask what the musician is doing with it. “All
my cars are maintained by me. I have a flair for Mechanical
Engineering. That jeep that you saw out there, it’s a 1969 ‘Mini Moke’
that I’ve had for about 30 years. It’s one of the so many antique cars
that I resuscitate and maintain. It still runs very well. The one you
saw outside the house is a 1968 Morris Mini, it still runs well too.”

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Group disputes claim by management of radio stations

Group disputes claim by management of radio stations

It appears the
faceoff between the Copyright Society of Nigeria (COSON) and the
management of Cool FM and Wazobia FM may not end soon going by
development in the saga.

COSON had on
January 17 requested the Federal Government to revoke the licenses of
the two Lagos-based radio stations for their disdain for the country’s
copyright laws and violations of broadcast code.”Owners of Cool FM and
Wazobia FM, who make a fortune annually in advertising revenue, have
shown clearly that despite the provisions of the law, they have no
intention of obtaining authorisation or license to play any musical
work. In other words, Cool FM and Wazobia FM are above the law,” COSON
said in a letter written to President Goodluck Jonathan.

Chair of COSON,
Tony Okoroji, went a step further by requesting agencies that support
Nigerian musicians not to deal with the two radio stations.

“We wish to notify
corporate Nigeria that of the huge amount of money paid by them to
these stations, a small fraction of which is meant to be used to ensure
that the owners of the works broadcast on the stations are paid, not
one kobo is spent by the owners of Cool FM and Wazobia FM to properly
acquire the rights to the music they broadcast daily. We shall
therefore consider any advertising agency or organisation still
advertising on Cool FM and Wazobia FM as an enemy of Nigeria’s creative
talents bent on aiding and abetting infringement of the rights of
Nigerian artistes.” Okoroji had also disclosed that COSON had written
on several occasions to the management of Cool FM and Wazobia FM
inviting them for discussions but that they had never replied.

State of denial

However, the
reported denial by proprietors of the stations that they have never
received any letters from either COSON or its lawyers informing them
that they should obtain copyright license before broadcasting any music
has drawn the ire of the society.

“If that is how the
owners of Wazobia and Cool FM want to frame their narrative, then it is
clear that they are in denial,” Okoroji said while reacting to the
reported denial.

Acting general
manager of the society, Chinedu Chukwuji also said, “I am shocked by
the alleged denial by the owners of Cool FM and Wazobia FM. I have a
file full of copies of the letters to these stations. I also have the
copies of the letters written by our lawyers. It is laughable to learn
that they claim to be unaware of their legal responsibility to obtain
copyright licence for the music they broadcast.

“At the COSON
stakeholders forum held on July 1, 2010 at Protea Hotel, GRA IKeja,
where this issue was discussed for hours, CooL FM was represented by Ms
Alero Eghaghe, their Assistant General Manager, Music. The Nigerian
Copyright Commission (NCC) has published several public notices on the
matter. The subject has been a hot topic across the Nigerian media for
several months. I have called Cool FM on the phone several times asking
them to comply with the law, without any positive response. Who are
they trying to deceive? They want to hide their head in the sand. Their
claim is a joke and an afterthought.”

Manager of Tuface
Idibia and chief executive officer of Nowmuzik, Efe Omorogbe, also
expressed displeasure on the stance of the stations. He said, “These
guys don’t know that the music industry has changed. They think that it
is business as usual. A revolution has taken place before their eyes
and they did not see it. When COSON speaks, it speaks with the mandate
of the industry. All the key organisations in the music industry are
behind COSON. We are united in this cause. The era of free music in
Nigeria is gone forever.”

Weighing in, Onyeka Onwenu said, “Last week, COSON licensed all the
stations of the Federal Radio Corporation of Nigeria all over the
country. If the massive FRCN can subject itself to be licensed by
COSON, who is Cool FM? Who is Wazobia FM? “

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Fela! debuts at New Africa Shrine

Fela! debuts at New Africa Shrine

Prior to its actual
staging in the country later this year, some organisations have
concluded arrangements to screen the musical, ‘Fela!’ in
Nigeria.British Council Nigeria and National Theatre, London, in
association with British Deputy High Commission, Lagos, will screen the
critically acclaimed Broadway Production on Sunday, February 6 at the
New Africa Shrine, Agidingbi, Lagos. The show will start at 4pm.

The production was
filmed live at the Olivier Theatre, London last November when the play
toured the UK. Winner of three Tony awards including best choreography,
‘Fela!’ celebrates the life of Afrobeat legend, Fela Anikulapo Kuti.
Through his pioneering music, ‘Fela!’ unfolds the controversial
musician’s life as an artiste and political activist.

A release from the
British Council explained the organisation’s involvement in the
screening. “The event is part of the British Council’s work in the
Arts; to showcase the best of UK creativity overseas while working with
the best of creative talent to develop innovative events and
collaborations that link thousands of artistes and cultural
institutions around the world, and developing skills and leadership in
the creative sector.”

People interested
in the screening can get tickets at both the British Council office at
Thompson Avenue, Ikoyi or the New Africa Shrine, 1 NERDC Road,
Agidingbi, Lagos for N500.

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The judges’ wild ‘call’

The judges’ wild ‘call’

Today’s episode of
Nigerian Idol ushers in the Top Ten stage of the show. Starting from
the beginning, the holder of the international franchise, Optima Media
Group, has religiously followed the Idol’s bible following the
auditions with the Top 100, Top 50 and this last week, the Wild Card.

Last Sunday, we saw
clips of all 50 contestants performing during the Top Ten stage. This
was a chance for the viewers to either regret or reaffirm their
choices. Personally, after watching the review, I felt no sympathy for
most of the eliminated contestants. Rather, I was forced to wonder how
some of them had managed to make it to the Top 50 with such atrocious
performances.

On the other hand,
it was satisfying to see that the contestants who made the Top Ten once
again proved worthy of that place. The review, sadly, also highlighted
the inevitable ‘also-as-good’ or better contestants who should have
made it but did not. However, by the end of the Sunday show, it was a
relief to hear Misi hint that some contestants may be coming back.

Going by the
original Idol format, the judges get one last chance during the Wild
Card episode to save three contestants they feel deserve to remain on
the show but who, based on viewers’ votes, did not get the opportunity
to move on to the Top Ten. This also serves to put an interesting twist
to the show and shake up the game.

The Wild Card which
aired this last Thursday saw the return of six contestants: Chito, AJ,
Rachael, Toni, Immaculate and Amadi. Going by their performances from
the beginning of the show and judges’ remarks amongst others, AJ,
Rachael and Toni seemed like clear favourites.

But the judges had
a final surprise and along with the other two chose Chito over Rachael.
That this choice is baffling is a clear understatement as Rachael has a
glaringly better vocal range and arguably better stage presence than
Chito. Still, the judges have earned the right to their choices seeing
as they have a better understanding of not only the contestants’
strength but also the overall requirements of the show.

Be that as it may, the Top Ten now becomes the Top-13 and Nigerian Idol is, hopefully, a more exciting show for it.

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EMAIL FROM AMERICA: Please sell the mask

EMAIL FROM AMERICA: Please sell the mask

Let me tell you a
story. Eons ago, the white man came to the great Benin Kingdom and
plundered the place, making away with several artifacts. These
artifacts now enjoy lush air-conditioned exile abroad, where overfed
folks with a lot of time on their hands coo over them in places called
museums. They are now called art pieces. They don’t want to come back
to Nigeria because their siblings who were unfortunate not to have been
stolen now languish in filth, misery and neglect in Nigerian “museums”
and rue the day a monocled idiot did not steal them. Every now and then
they traipse off with half the Nigerian populace and present forged
papers to the Americans who yell at them and their ancestors and send
them back to their hovels from whence they came.

Unfortunately, the
plight of the “art pieces” in London and other fancy places is the
obsession of white liberals and their black sidekicks who truly believe
that these pieces belong back in the great Benin Kingdom, which is no
more. Recently, these idle busybodies got enraged when news came out
that the offspring of the looters were set to sell a stolen Benin ivory
mask for about $5 million. They staged petitions, protests, sit-ins and
made all sorts of noises unto the Lord until Sotheby’s the auction
house halted the sale. Victory? Well, not quite: The looter-owners have
probably realised that the controversy would raise the value of the
mask. Next time, watch for the mask to sell for $10 million. Life is
good.

Are these busybody
petitioners just now noticing that the piece has been missing? One
bleeding heart liberal wailed that the mask needed to return to
“Africa” because it houses a spirit. Arrant racist nonsense. Democracy
is razing through Africa, burning her up more than malaria and AIDS
combined and our people are worried about a mask. I say sell the mask,
who cares? If the Oba of Benin wants his ivory mask back, he should ask
any of our resident leader-thieves to go buy it from their fellow
thieves. The piece was being auctioned for only $5 million dollars;
some of our misrulers steal that every day. Why the drama?

Western liberals
irritate me. They imagine a triumphant return of a mask to a giddy mass
of blacks waiting for the return of their spiritual leader, the Mask.
They see us waiting in broken airports for the return of The Masked
One. I will personally stone anyone responsible for bringing that mask
back to Nigeria. Where are we going to house it anyway? A country that
cannot take care of her citizens has no business wasting time on an
ivory mask carved from the ivory tusk of a cute elephant. These
liberals are the same characters that are up in arms against the
poaching of elephants for ivory in Africa. To follow their logic, we
should return the mask to the king of the elephant kingdom.

To return the mask
to Nigeria is to sentence it to a most unfair future. Teju Cole’s book,
‘Every Day is for the Thief’ describes the fate of another Benin mask
that was actually returned to Nigeria. The then Head of State, General
Yakubu Gowon gave it away as a gift to a visiting Queen Elizabeth of
England. This particular Benin Queen Mother head had been originally
stolen by the British in 1897 and only returned in the 1950s to help
set up the Nigerian National Museum. The British, this time around,
have absolutely no intention of returning the work. I say they have
every right to keep their gift.

Our intellectuals
could start a letter writing campaign to protest the fact that fully a
quarter of our budget goes to supporting the legislative branch (or
something similarly outrageous). How many of these do-gooders have
signed a petition against the wanton abuse and murder of the “witch
children” of Nigeria? That I will sign. I have an idea. Let us start a
petition against the West: Dear West, do not allow any penny to leave
Nigeria (use Nigeria as a test pilot). Our leader thieves may steal but
they must spend the money on and in Nigeria. Do not permit any of our
bastard leaders to go abroad for “medical attention!” Now you are
talking. I will sign that one.

There is a petition against the wanton
murder of the witch children of Akwa Ibom. Please find it online and
sign it. Each child is priceless compared to the price of a mask that
was carved from the ivory tusks of an unfortunate elephant. And I don’t
want the mask back. Somebody may use it to drink gari in our “museum”
because she has not been paid. Please keep the mask abroad until we get
our act together. Have a great life, mask. By the way, if you want to
know the fate of “art pieces” in Nigeria’s museums, and of “flora and
fauna” in Nigeria’s zoological and botanical gardens, please read Teju
Cole’s book and weep. Our leaders should be shot.

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PERSONAL FINANCE: Invest regularly

PERSONAL FINANCE: Invest regularly

Most people are not as disciplined as
they would like to be when it comes to saving and investing. They may
save some money for some months and nothing at all for several others.

Yet for the vast majority of people,
the only way to achieve your financial goals is by earning through hard
work and saving and investing in a systematic and disciplined way over
several years.

Cost averaging, is a simple approach to
saving that helps you to save regularly whilst at the same time
building long-term financial security. It involves investing a fixed
amount on a regular basis rather than a lump sum, even when your
finances are stretched, and no matter what the market is doing. This
could be monthly, quarterly, or whatever suits you; you do not have to
time the market or look for the best entry point, you just invest
regularly.

It is almost impossible to time the
market as it is challenging to anticipate correctly its peaks and
troughs. For the average investor, and particularly for the smaller
investor who does not have lump sums to invest, what is required is an
investment strategy that allows you to maintain an even keel in rising,
fluctuating and falling markets.

Cost averaging accomplishes this and if
you can manage to apply this strategy to even a small amount of money,
with ease and efficiency, you will have a better chance of achieving
your goals.

Cost averaging is a particularly useful
tool in a choppy market as it provides a buffer for volatility. Even
though the value of your overall investments will fall as stock prices
fall, remember that you also bought more shares at lower prices. As you
will bed rip-feeding your funds into the market at different times, you
will be picking up investments at a range of prices; this reduces your
overall average cost.

Pay yourself first

Determine how much you can afford to
set aside each month. The amount you choose will depend on your own
particular situation. This could be a fixed amount each month that will
not change, or you might prefer to invest a percentage of your income,
sothat you invest more as your income increases; try to invest at least
10 percent of your income for your financial future.

What are you saving towards?

One critical factor to saving is,
knowing what you are saving towards. If you aresaving without any clear
purpose, you will eventually be tempted to dip into those savings to
satisfy your wants. If you have no savings whatsoever and currently
live from salary to salary, this is a good place to start. You need
short-term savings so that you are better prepared to deal with
unexpected expenses or emergencies. Start to build enough savings worth
about six months of your routine expenses. You also need to be
investing so that you can meet your medium to long-term goals such as
educating your children or being able to secure a comfortable and
fulfilling retirement for yourself.

Automate your savings

A most effective way to save is to put
it on autopilot so that you don’t have to think about it. If you are in
full time employment, your employer will already be withholding 7.5% of
your salary and transferring it to your Retirement Savings Account
(RSA) with your Pension Fund Administrator (PFA) on your behalf. This
is probably the most popular form of investment automation. And because
the money is removed at source, you are less likely to miss it.

But do not stop there. In addition to
your RSA you may set up a direct debit from your current account each
month and have it credited to an interest bearing account or an
investment account, such as a mutual fund. There are money market
accounts, mutual funds, and a variety of other investments that allow
you to designate a specific amount on a regular basis. Nowadays,
brokerage firms and banks have made the process so simple that you can
easily have your finances automated in a matter of minutes; and you
only need to set it up once. You then determine how much you want
debited each month and how frequently you want the withdrawals to
occur. You can usually even specify the date on which the withdrawal
should occur.

Automatically reinvest your dividends

You can also opt to automatically
reinvest your investment profits or dividends. For example, when you
sign on to a mutual fund account that makes periodic distributions, you
are given the option to re-invest your dividends by acquiring more
units in the fund before it enters your account. The fund manager is
authorised to automatically take that money and use it to buy
additional shares of the same fund instead of making it available for
you to withdraw.

While cost averaging can be a very
effective way to systematically build your portfolio overtime, it is
important to realise that there is no guarantee of profit; neither does
it prevent loss. Take a cursory look at your financial situation and
assess whether you will be able to contribute to your investment
account on a regular basis. If you are able to achieve this, remember
that even though the objective is to automate your finances, you should
continue to monitor your investments and make adjustments as required
and as your financial situation evolves.

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