Music Business

M.I Abaga Rings NSE Closing “Bell,” Optimistic Chocolate City will be Listed on the Nigerian Stock Exchange

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MI Abaga Nigerian Stock Exchange
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
MI Abaga Nigerian Stock Exchange 2

Africa Music Law Interview with current Chocolate City label CEO Audu Maikori

[app_audio src=”http://traffic.libsyn.com/africamusiclaw/AML027AuduMaikoriMusicIndustryIssues.mp3″]

African Business Weekly: Nigerian Stock Exchange Strategy For 2015

Business of Music North Africa Roundtable

Listen to the Latest AML Podcast Episodes

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Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law blog and podcast show by Fashion and Entertainment Lawyer Ms. Uduak Oduok empowering the African artist and Africa's rapidly evolving entertainment industry through brilliant music business and entertainment law commentary and analysis, industry news, and exclusive interviews.

Credited for several firsts in the fashion and entertainment industry, Ms. Uduak is also a Partner and Co-Founder of Ebitu Law Group, P.C. where she handles her law firm’s intellectual property law, media, business, fashion, and entertainment law practice areas. She has litigated a wide variety of cases in California courts and handled a variety of entertainment deals for clients in the USA, Africa, and Asia.

Her work and contributions to the creative industry have been recognized by numerous organizations including the National Bar Association, The American University School of Law and featured in prestigious legal publications in the USA including ABA Journal and The California Lawyer Magazine. She is also an Adjunct Professor at the prestigious Academy of Arts University in San Francisco.
For legal representation inquiries, please email (uduak@ebitulawgrp.com). For blog related inquiries i.e. advertising, licensing, or guest interview requests, please email (africamusiclaw@gmail.com). Thank you for visiting Africa Music Law™.

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