Entertainment
Olaoluwa Denies $200m Entertainment Fund
Contrary to the report
credited to President Goodluck Jonathan that Federal Government had set aside the sum of $200 million as intervention fund to help the entertainment industry, the new Managing director of the Bank of Industry (BOI) Rasheed Olaoluwa has disclosed that no such fund is with the bank.
Speaking recently at the Ministry of Trade and Investment Media Workshop, Olaoluwa disclosed that he was not aware of any fund of such with the bank.
He said, ‘I want to state publicly that there is no such fund earmarked for Nollywood or entertainment industry” adding that he is aware, however of the N3 billion with the finance ministry.
It will be recalled that President Goodluck Jonathan was reported to have publicly disclosed at the Silverbird Group 30th anniversary held at Eko Hotels and Suites that the sum of $200 million has been set aside by the Federal Ministry of Finance for direct investment into the Nigerian Entertainment industry. While the news brought relief to practitioners in the industry, the reality as at now may be that such statement was mere political statement. Corroborating the statement however, in November 2010, the former managing director of Bank of Industry, Mrs Evelyn Oputu revealed that plans to support the Nigerian Entertainment industry popularly known as Nollywood had been concluded by the Federal Government through the Bank of Industry BOI and the African Development Bank (ADP) on a N75 billion Funding facility.
She said the potential of the essential sector of the economy has now led to the arrangement of N15 billion fund that would be targeted at different point in the value chain of the entire entertainment industry from artiste development to video production and editing and then marketing and distribution. The managing Director said this during an annual General symposium organised by the Lagos Chamber of Commerce and Industry (LCCI) adding that the fund was at the verge of disbursement.
Critics claimed that her body makeover was one of the reasons she allegedly left the marriage and noted that she was still out in public with the video of her club outing.
Reacting to the allegations, Ogbodo came to Bambam’s defence. She stated that no woman would leave her marriage simply because she went under the knife. According to her, it is the man who drives a woman to leave.
The mother of three further explained that no woman willingly leaves a marriage she has invested in over many years. If a woman does leave, it is the man’s fault, possibly due to abuse that she chooses not to disclose publicly.
She added that a man must have shown the woman disrespect or failed to nurture the marriage.
Ogbodo emphasised that if a man refuses to love, protect, and give peace to his wife, the responsibility for the breakdown rests entirely with him.
It would be recalled that Uche Ogbodo also recently underwent cosmetic surgery and shared videos with her fans online,
The actress had remained on the lips of many Nigerians following her role in the trending movie Love in Every Word.
Nollywood actress Kate Henshaw has expressed her distaste for individuals who attend events without being invited. The actress in an Instagram video, spoke about the importance of self respect and being considerate.
Nollywood actress Kate Henshaw has expressed her distaste for individuals who attend events without being invited. The actress in an Instagram video, spoke about the importance of self respect and being considerate.
The Tide Entertainment reports that she questioned the popular act of ‘gate crashing’, regarding it as a rude and disrespectful behaviour. Henshaw also urged Nigerians to refrain from attending gatherings where they are not invited.Nigerian Politics Analysis
”I want to talk about something rampant, has been rampant, and is still rampant. I just want to ask those of you who show up uninvited at events and parties, what’s your purpose? What do you aim to achieve? Then, those of you who receive a card that admits only one person and invite all your village people, don’t check with the host; you pack your people and come. What are you doing there? Why don’t you respect yourself and stay away? It’s rude, you’re a gate crasher. Respect yourself enough to stay away from places you aren’t invited to,” she said.
The Academy of Motion Picture Arts and Sciences has unveiled dates for both the 99th Academy Awards and its landmark 100th ceremony. The back-to-back events, set for 2027 and 2028, will mark the final years of the Oscars airing on longtime broadcast partner ABC before a major shift to YouTube.
The 99th Oscars will take place on Sunday, March 14, 2027, followed by the historic 100th edition on Sunday, March 5, 2028. Both ceremonies will broadcast live at 7 p.m. ET from the iconic Dolby Theatre in Hollywood and reach audiences in over 200 territories worldwide. Looking ahead, the Academy has also confirmed a venue change, with the ceremony set to move to the Peacock Theater beginning in 2029, where it will remain through 2039.
The Tide Entertainment reports that the announcement comes amid a shifting broadcast landscape. ABC is gearing up for a packed 2027 schedule, including its debut as the home of the Grammy Awards and its first Super Bowl broadcast in over two decades. Meanwhile, this year’s Oscars telecast saw a dip in viewership, drawing 17.86 million viewers across ABC and Hulu, a 9% decline from the previous year’s five-year high.
Still, excitement around the awards remains strong. The most recent ceremony crowned Paul Thomas Anderson’s “One Battle After Another” as Best Picture, while early buzz for the upcoming season is already building. Anticipated contenders include the Ryan Gosling-led “Project Hail Mary,” Denis Villeneuve’s “Dune: Part Three” starring Timothée Chalamet and Zendaya, and Alejandro G. Iñárritu’s “Digger” featuring Tom Cruise.
No hosts have been announced yet for either ceremony, adding another layer of anticipation to the milestone events.
In addition to confirming the ceremony dates, the Academy also released its full calendar for the 2026–2027 awards season, outlining key milestones from the eligibility period beginning January 1, 2026, to nominations voting in January 2027, and final voting in early March.
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