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Spotify releases documentary To Celebrate “YBNL,” at 10.
Okumu said to celebrate 10 years of the legendary Nigerian label, Spotify took to the streets of Lagos to document its influence.....KINDLY READ THE FULL STORY HERE▶
“Spotify today released a mini documentary to celebrate the 10th anniversary of YBNL, the culture-shifting Afrobeats label founded by Nigerian music icon, Olamide.
“Over the course of a decade, YBNL has developed a reputation for taking the sounds of the street to global ears through showcasing Afrobeats stars and producing definitive hits.
“You can follow the groundbreaking YBNL story through the voices of music lovers on the streets of Lagos here,” she said..
Okumu noted that since 2012, Olamide had discovered, developed and exported some of Nigeria’s brightest music stars through YBNL.
She said from inception to date, some of the talents signed or endorsed included Adekunle Gold, Lil Kesh, Fireboy, Asake, Pheelz, Young Jonn, DJ Enimoney, Zlatan, Naira Marley, T.I Blaze, Ycee, Viktoh, Chinko Ekun, and many more.
She revealed 10 defining moments in YBNL history that had held significance over the years as the release of Olamide’s second studio album, titled YBNL, marked the birth of his independent label.
According to her, “Ghost Mode”, a 2012 rap collaboration between Olamide and rapper Phyno was a cultural phenomenon that inspired a joint album, remembered as one of the best Afrobeats collaborations.
“Led by “Eleda Mi O” and “Durosoke”, “Baddest Guy Ever Liveth” cemented the label’s A-list status. Pheelz, Olamide’s go-to producer, produced all tracks but one.
During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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