Who says “short black boys” cannot become successful artists and music executives? Recording artist & Vice President of Chocolate City Music, M.I Abaga, two days ago, led a team of fellow Chocolate City artists to the Nigerian Stock Exchange (NSE). The rapper also hit the closing gong (bell) to officially close the trading at the NSE.
Last month, during the third annual Nigerian Entertainment Conference, current Chocolate City Music CEO & founder Audu Maikori announced he would be stepping down as CEO. I have said the next person to occupy that position is clearly M.I.
Part of the speculation with M.I.’s visit to the Nigerian stock exchange is the hope that a Nigerian record label, preferably, Chocolate City records, will one day trade on the NSE.
Rather interesting. On the U.S. end, we saw Warner Music Group trade n the New York Stock Exchange until May 2011, when it announced its privatization and sale to Access Industries, a deal completed in 2011.
Interesting times ahead. Let’s keep close watch.
To get a feel or idea for the Chocolate City Label, listen to my interview with Audu Maikori below.
~Ms. Uduak
Ringing the Gong/Closing “Bell”
His View on Record Label Being Listed on the NSE
Africa Music Law Interview with current Chocolate City label CEO Audu Maikori
[app_audio src=”http://traffic.libsyn.com/africamusiclaw/AML027AuduMaikoriMusicIndustryIssues.mp3″]
