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Terra Kulture Receives Netflix Support For Its Creative Industry Programmes

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Leading educational and recreational organisation, Terra Kulture, has received a financial donation from the global streaming platform, Netflix.

A statement on Friday by the Lagos-based firm said the donation follows the recent announcement by Netflix to extend the Creative Equity Scholarship Fund for film and television students to select West and Central African countries to study at partner universities in Nigeria, Ghana, Benin and Gabon.

The donation received will further the organisation’s effort to promote the richness and diversity of the Nigerian arts and culture sector.
“The support fund will be directed to industry and community-focused areas of engagement which include academic training, theatre, gallery, and bookstore. It is also intended to ensure cultural programming in Nigeria while promoting the various artistic and cultural projects led by Terra Kulture,” the said.

Commenting further on the philanthropic gesture, Bolanle Austen-Peters, the Chief Executive Officer of Terra Kulture, said: “We’re delighted to receive this donation from Netflix. It would be helpful to take our ongoing projects to the next step.”

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According to her, since 2003, Terra Kulture has been at the forefront of promoting Nigeria’s art and culture through exhibitions; indigenous restaurant; and storytelling through its award-winning plays and movies. “Over these years, we have developed an in-depth understanding of arts, culture, and languages to impact the next generation most effectively. With the financial support received, Terra Kulture Academy for the Arts aims to fulfil its mission to support, upskill and inspire Nigeria’s creative youths through educational and recreational programs that will yield multiplicative benefits to themselves, their families, communities, and the overall Nigerian creative economy.”

Terra Kulture has trained more than 2,000 youth in theatre lighting design, sound design, costume design, batik, tie and dye, makeup, hairstyling, production, acting, directing, production management, props management, and set design, animation, choreography, and motion graphics for stage plays.

In a bid to formalize the skilling efforts, the organization launched Terra Academy for the Arts (TAFTA), which is a free-to-attend training created to formally empower young creatives with relevant skills across key sub-sectors in theatre. The programme is designed to provide training on key technical production skills for the creative industry as well as an entrepreneurial module for students to learn about the industry’s business side.

Quoting a new report on Nigeria’s creative industry, the statement said the creative industry is now positioned as Nigeria’s second-largest employer of labour and has the potential to produce 2.7 million additional jobs by 2025. Also, it is projected to contribute 5 trillion Naira to the country’s GDP, thereby making the sector a significant contributor to the economy of Nigeria, which is Africa’s largest economy.

According to the statement, the intervention is aligned with Netflix’s commitment to supporting artistic and cultural projects, and a part of their creative industry support fund in Nigeria.

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Recently, the global streaming giant extended its Creative Equity Scholarship Fund to include academic institutions in Central and West Africa. The CESF will be distributed to various initiatives over the next five years to build a strong, diverse pipeline of creatives around the world.

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Business

Dangote Refinery Sets ₦525 Share Price for Landmark IPO

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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.

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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.

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MultiChoice Freezes DStv, GOtv Prices in Rare Relief Move

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MultiChoice

MultiChoice price freeze halts DStv and GOtv subscription hikes in 2026, offering relief as Canal+ targets growth and customer retention (more…)

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Business

Awareness Committee commences early-bird registration for Rotary Day Celebration

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Rotary

Rotary District 9112 has opened early-bird registration for the 2026 Rotary Day Celebration in Lagos. Fees run N25,000 until February 28, 2026

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