Business

How Omotola Ekeinde, Stephanie Linus and others denied Kunle Afolayan’s Anikulapo movie an Oscar

Published

4 years ago

October 5, 2022

Earlier today, news made the rounds online that the highly rated “Anikulapo” movie, by ace producer, Kunle Afolayan, was rejected by the Nigerian Oscars committee.

Despite the positive reviews Anikulapo has gotten in countries all over the world since its premiere, the Academy Awards do not think it merits being nominated.

The Oscars, also referred to as the Academy Awards, are prizes given for artistic and technical excellence in the domestic and worldwide cinema industries. Many people consider the awards to be the most prestigious and important ones in the global entertainment industry.

Expressing his disappointment on his Instagram page moments ago, Kunle Afolayan wrote “I am so pleased and delighted that the whole world has decided to tag ANIKULAPO film a masterpiece even though the Nigeria Oscar selection committee think its not worth submitting for the Oscars. Will keep doing my own thing”

Kemi Filani News has gathered more details on how the movies was rejected for the prestigious award.

It has been gathered that eight (8) members out of the 15 member committee of the Nigerian Official Selection Committee (NOSC) of the 2023 Oscar awards rejected all three movies sent in for consideration, including Anikulapo.

“Although the committee received three epic films following its call for submissions in August, it turned out that none of them will advance to the next stage owing to the voting patterns of members.”In a session that lasted two hours on September 3, 2023, the NOSC recorded a voting chart of ‘8:5:1:1’ from its 15 members- with ‘no film is eligible’ taking the lead.”

As a result of “No film is eligible” taking the lead, all the movies were turned down.

Members of the NOSC for Oscars

Members of the committee are; CHINEZE ANYAENE – ABONYI (Chair person), Ego Boyo, Omotola Jalade Ekeinde, John Njamah, MAHMOOD ALI-BALOGUN, Stephanie Linus, Shaibu Husseini, BRUCE AYONOTE, Izu Ojukwu, ODUBAWO ADETOKUNBO, Moses Babatope, Yibo Koko, Meg Otanwa and Kenneth Gyang.

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Business

Dangote Refinery Sets ₦525 Share Price for Landmark IPO

Published

1 month ago

September 5, 2026

Basit Saba

Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.

The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.

The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.

The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.

The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.

The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.

The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.

The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.

The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.