In the last six months, a number of exotic car dealers have smiled to the bank; making millions of naira as some celebrities changed their status by acquiring luxury automobiles.
While things are currently falling in pleasant places for most of our superstars, it is somewhat advisable that they should invest more in assets than liabilities; without ruling out the need to reward one’s effort as occasion demands.
Behind the highly visible world of artists and performers who touch people’s lives are less visible record label owners who invest their time and money in discovering, nurturing and promoting artistic talents.
The roles record companies play in music business is so crucial that no other parties in the music industry take such responsibilities and risks for supporting artistes –seeking the benefits of shared success and also accepting the financial consequences of failure.
The number of private jets being acquired by Nigerians –oil magnates, business moguls and pastors – in the last five years has grown exponentially from about 20 jets in 2007 to the current level of more than 150 jets, making Nigeria and China rank as the fastest growing private jet markets in the world.
Stand-up comedy is a big talent business around the world today because laughter is therapeutic. Medical science has proven that amusement can be a source of healing to a depressed heart. Laughter reduces pain, increases job performance, connects people emotionally, and improves the flow of oxygen to the heart and brain.
With over 20 years experience in the fashion industry, Nigeria’s foremost designer, Clement Mudiaga Enajemo, owner of Pan-African clothing line, MUDI Africa, says Nigeria is yet to tap into the big resources in the fashion world. The celebrity designer, who designs clothes for artistes, fellow celebrities and powerful people in the society, in an exclusive interview with FinIntell shares top secrets to his success.
You have been in the fashion industry for long. Would you say Nigeria is tapping the full potential in this sector?
Movie productions in Nigeria started over fifty years ago with the likes of Latola Films and Calpeny Nigeria Limited anchoring the escapade. As far back as 1980, most movies produced in Nigeria were either short plays or culled from a book. The major difficulty was inadequate resources. Despite all of that, the Nigerian film industry thrived. It scurried away from one constraint to another until the birth of Nollywood –the umbrella body covering the movie industry in Nigeria.
Before hip hop came into full limelight in Nigeria, a little over a decade ago, different styles of music including Afro, Juju, Fuji, and Highlife were created locally and it brought fame and fortune to many of the artists. The old music legends recorded remarkable hits but most of them lived modestly as their kind of music does not sermonise endless noticeable spending. Those who could afford it, built one or two houses and own regular cars; not huge mansions and glittering wonders-on-wheel.