Tag: fundraising

  • Halima Abubakar Seeks Urgent Financial Aid for Life-Saving Surgeries

    Halima Abubakar Seeks Urgent Financial Aid for Life-Saving Surgeries

    According to Olori Supergal, veteran Nollywood actress Halima Abubakar has reached out to the public for urgent financial assistance to undergo critical medical procedures. The actress, who has been battling health challenges for an extended period, reportedly requires surgery on both her brain and spleen to address deteriorating conditions.

    The plea has sent shockwaves through the Nigerian entertainment industry, as fans and colleagues react to the news of her declining health. Abubakar has been a staple in the film industry for years, though her career has been frequently interrupted by recurring medical issues that have sparked various public conversations.

    The request for support highlights the ongoing struggle many veteran entertainers face regarding healthcare funding and long-term insurance within the industry. This public appeal follows a series of cryptic posts and health updates from the actress over the last few months, indicating that her condition has reached a stage requiring immediate intervention.

    Supporters and well-wishers have begun mobilizing on social media to raise the necessary funds. The actress’s representatives have emphasized the gravity of the situation, urging the public to verify donation channels to avoid falling victim to fraudulent accounts capitalizing on the crisis.

    * Legit.ng reported on the development, quoting a representative: “Halima is in a very fragile state and the surgeries are her best chance at recovery.”

    * PM News Nigeria confirmed the urgency, stating: “The actress is crying out for help as her medical bills have become overwhelming.”

    Echotitbits take: This development is a sobering reminder of the lack of robust welfare structures for Nollywood veterans. While the public response is often swift, the recurring nature of these “SOS” calls suggests a systemic issue with medical security for stars. Expect a massive celebrity-led fundraising drive to dominate Nigerian social media over the next 48 hours.

    Source: Facebook — https://web.facebook.com/guardianng/posts/nollywood-actress-halima-abubakar-has-once-again-gone-public-with-appeal-for-fin/1472744827546276/?_rdc=1&_rdr#February 10, 2026

    Photo Credit: Facebook

  • CBN warns bank recapitalisation could crowd out other capital-market fundraising

    CBN warns bank recapitalisation could crowd out other capital-market fundraising

    Reporting by Punch indicates the Central Bank of Nigeria (CBN) is warning that the ongoing bank recapitalisation drive could tilt capital-market funding even more heavily toward banks, leaving other issuers struggling to attract investor attention.

    The concern is not that recapitalisation is unnecessary, but that liquidity could become concentrated in bank equity and related offers if multiple large fundraises hit the market around the same time.

    CBN’s outlook describes a generally bullish capital-market tone, but stresses that momentum can become fragile when one sector dominates deal flow, raising concentration risk.

    For corporates outside banking, the implication is tougher pricing and slower book-building if banks keep taking the front seat through 2026.

    Elsewhere, ThisDay quoted the apex bank warning the market could face “higher concentration risk” and that recapitalisation may “crowd-out other issuers.” Premium Times also noted the central bank’s caution that rising non-performing loans and concentration risks could weigh on growth outcomes.

    Echotitbits take: The sequencing of bank offers will matter. If multiple tier-1s fundraise in the same quarter, expect wider discounts and weaker demand for non-bank IPOs and bonds. Timing discipline and a deeper investor base are the pressure valves.

    Source: BusinessDay – https://businessday.ng/companies/article/cbn-sees-capital-market-extending-bullish-streak-on-bank-recapitalisation/ January 7, 2026
    BusinessDay  January 7, 2026

    Photo Credit: BusinessDay

  • Oluremi Tinubu’s @65 Education Fund closes at ₦25.52bn for National Library project

    Oluremi Tinubu’s @65 Education Fund closes at ₦25.52bn for National Library project

    2026-01-01 07:50:00
    According to The Nation, the Oluremi @65 Education Fund—set up around Nigeria’s First Lady’s 65th birthday—closed after raising ₦25.52bn, tied to education support and the National Library project.

    The disclosure puts a hard figure to a fundraising drive that drew attention for both its scale and the stated goal of moving a long-delayed national institution toward completion.

    Execution is now the key issue: procurement transparency, governance structure, and clear milestones that show the money translates into measurable progress.

    The Guardian Nigeria also reported the fund “has closed after raising” ₦25,520,708,074.35.

    BusinessDay similarly stated the appeal “had reached a total of ₦25,520,708,074.35” as of December 31, 2025.

    Echotitbits take:

    Nigerians will support public-good projects when trust is high. Watch for an auditable dashboard, published milestones, and transparent contracting—otherwise the story risks ending as a headline without delivery.

    Source: The Nation — January 1, 2026 (https://thenationonlineng.net/oluremi-65-education-fund-raises-n25-52bn-for-national-library-project/)

    The Nation 2026-01-01

    Photo Credit: The Nation