Nigeria’s Debt Burden Grows: World Bank Exposure Hits $17.1bn
Nigeria's financial landscape continues to be dominated by a mounting debt burden, with the country's exposure to the World Bank's International Development Association (IDA) reaching a significant milestone. As of September 30, 2024, Nigeria's debt to the IDA stands at a staggering $17.1 billion, solidifying its position as the third-largest debtor to the global lender. This represents a substantial increase...
PenOp Raises Alarm Over 18-Month Delay in Federal Government Pension Payments
The Pension Fund Operators Association of Nigeria (PenOp) has raised concerns over the Federal Government's prolonged delay in disbursing accrued pension rights to retired civil servants. This issue, which has persisted for nearly 18 months, has left many retirees facing significant financial hardship. Oguche Agudah, the CEO of PenOp, highlighted the problem during a recent interview. He explained that accrued...
Nigeria’s Chidimma Adetshina Makes History as Miss Universe 2024 First Runner-Up
Chidimma Adetshina, the reigning Miss Universe Nigeria 2024, has made history by finishing as the first runner-up at the 73rd Miss Universe pageant. The electrifying finale, held at the Arena CDMX, saw Adetshina go head-to-head with Miss Denmark, Victoria Kjaer Theilvig, who ultimately claimed the coveted title. Adetshina’s journey to the Miss Universe stage was marked by both triumph and...
FirstBank Powers Lagos International Theatre Festival, Showcasing Nigeria’s Creative Spirit
FirstBank Nigeria Limited has announced its sponsorship of the inaugural Lagos International Theatre Festival (LITF). The bank’s support for this groundbreaking event aligns with its First@Arts initiative, which aims to promote and support the creative arts industry in Nigeria. Olusegun Alebiosu, Managing Director of FirstBank, emphasized the bank’s long-standing commitment to the arts. “FirstBank has a deep-rooted passion for the...
NBC Boosts Female Entrepreneurship, Awards N1 Million Grant to Rising Pastry Chef
The Nigerian Bottling Company (NBC) is making significant strides in empowering female entrepreneurs. As part of its partnership with Women in Management, Business, and Public Service (WIMBIZ), NBC has awarded an N1 million grant to a promising pastry chef and entrepreneur, Achiv Ngusurun. The grant was presented to Ngusurun at the 23rd Annual WIMBIZ Conference held in Lagos. Her innovative...
SILVERBIRD PRESENTS EXCITING END-OF-YEAR EVENTS
The Silverbird Group, Africa's leading media and entertainment organisation, announces two thrilling events to brighten up December as the year winds down. The events, designed to delight Nigerians, are the 'All You Can Eat Competition' and the 'Tiny Tots Tumble' baby contest. 'All You Can Eat Competition' Date: 14 December 2024Location: Silverbird Galleria, Victoria Island, Lagos This high-stake food-eating competition offers food...
Lilian Madubulum Shatters Marathon Dance Record at Silverbird’s World of Records (SWORD)
Silverbird's World of Records (SWORD) proudly celebrates a groundbreaking achievement as 27-year-old Lilian Madubulum sets a new marathon dance record. Dancing tirelessly for 55 hours and 49 minutes, Lilian has surpassed the previous benchmark of 55 hours and 40 minutes set by Kafayat 'Kaffy' Shafau nearly two decades ago. Lilian’s journey to victory began on Friday, November 1, 2024, when...
Silverbird’s World of Records (SWORD) Applauds Lilian Madubulum for Setting New Dance Marathon Record
Silverbird's World of Records (SWORD) is proud to announce that Lilian Madubulum, a 27-year-old dancer from Anambra State, has set a new milestone in the world of endurance dancing. Demonstrating extraordinary determination and resilience, Lilian danced continuously for an incredible 55 hours and 49 minutes, surpassing the previous record set by Kafayat 'Kaffy' Shafau in 2005 by nine minutes. The...
Dangote Refinery Slams Pinnacle Oil’s Importation Plans
Dangote Petroleum Refinery has publicly criticized Pinnacle Oil and Gas Limited for its plans to import and blend petroleum products in Nigeria. The refinery argues that such actions could undermine the country's efforts to achieve self-sufficiency in the oil and gas sector. In a statement, Dangote Refinery expressed its support for deregulation but emphasized the need to protect Nigeria's national...
Nigeria and Morocco Partner to Boost EV Production
The Nigerian government, through the National Automotive Design and Development Council (NADDC), is taking significant steps to boost local electric vehicle (EV) production. The agency is exploring a collaborative partnership with a Moroccan firm, E-move Vehicles Company, to establish EV manufacturing facilities in Nigeria. This strategic move aims to reduce Nigeria's reliance on imported vehicles, create jobs, and contribute to...
