Tag: Nigerias

Biography of Michelle Alozie, Nigeria’s most beautiful female football player
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Biography of Michelle Alozie, Nigeria’s most beautiful female football player

Michelle Chinwendu Alozie (born 28 April 1997) is an American-born Nigerian professional soccer player who operates as a forward for National Women’s Soccer League club Houston Dash and the Nigeria women’s national squad. Michelle Alozie is undoubtedly the ‘most glamorous’ Super Falcons star. The 25-year-old forward made her debut for the senior national team in 2021 and has quickly become an integral part of the squad. Her graceful physique captivates more often than not when she decides to showcase her stunning figure. It’s as if she is aware that she’s an absolute darling, frequently reminding her supporters of that unique truth, reflected in her impressive fashion on her social media accounts. Many may not perceive the ‘melanin radiating’ when she’s playing, but the momen...
Davido’s Journey: The Rise of Nigeria’s Afrobeat Superstar and His Impressive Net Worth
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Davido’s Journey: The Rise of Nigeria’s Afrobeat Superstar and His Impressive Net Worth

David Adedeji Adeleke, commonly referred to as Davido, stands out as one of Africa’s most prominent and accomplished musicians. With his infectious Afrobeat rhythms, remarkable vocal skills, and engaging presence, Davido has evolved from a budding star in Nigeria to a global music icon. Apart from his musical endeavors, his business savvy and endorsements have contributed to accumulating considerable wealth, positioning him as one of the wealthiest artists on the continent. Childhood and Origin Born on November 21, 1992, in Atlanta, Georgia, USA, Davido was raised in an affluent household. His father, Adedeji Adeleke, is a billionaire entrepreneur and philanthropist, while his late mother, Veronica Adeleke, was a well-regarded university professor. Davido spent the majority of h...
Muhammadu Buhari: Biography, Life, and Legacy of Nigeria’s Former President
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Muhammadu Buhari: Biography, Life, and Legacy of Nigeria’s Former President

Muhammadu Buhari, a previous general in the Nigerian Army and former president, was among the most significant and contentious personalities in Nigeria’s political and military narrative. He was born on December 17, 1942, in Daura, Katsina State, and was raised by his mother following his father's demise when he was only four years old. Early Life and Education Buhari entered the world as part of a devout Muslim family and was named after the famous Islamic scholar Muhammad al-Bukhari. He was the 23rd offspring of Mallam Hardo Adamu, a Fulani chieftain, and Zulaihat. His upbringing was overseen by Waziri Alhassan, the son of Emir Musa dan Nuhu, after the passing of his father. His education began at a Qur'anic institution, and he completed his primary schooling in Daura and Mai’...
E-Naira: All you need to know about CBN Nigeria’s digital currency
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E-Naira: All you need to know about CBN Nigeria’s digital currency

A number of countries across the world over the past months have considered creating their digital currencies, which has been on the increase with the coming of cryptocurrencies. One of the features of cryptocurrencies that have been seen as a disadvantage by different governments across the world is the lack of control; this has made many countries resorted to creating a digital currency they can monitor and have control over it. For this reason, Nigeria, through the Central Bank of Nigeria CBN, joined 80 other countries in the quest to have its digital currencies. According to the records, the Bahamian Sand Dollar is the first Central Bank Digital Currency CBDC to become widely available; it has also been revealed that more than 14 countries are in the beginning stage while fi...
Babatunde Ogunnaike’s bio: Everything to know about the co-author of Nigeria’s national anthem
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Babatunde Ogunnaike’s bio: Everything to know about the co-author of Nigeria’s national anthem

Babatunde Ogunnaike’s bio: Everything to know about the co-author of Nigeria’s national anthem For those conversant with the history of Nigeria, the name Babatunde Ogunnaike would surely ring a bell. This is because he is a part of the long history of Nigeria as he contributed to the country’s national anthem, which is still in use to date. Ogunnaike was among the four people, including P.O. Aderibigbe, John Ilechukwu, Sota Omoigui, and Eme Etim Akpan, who dropped their compositions to form the new national anthem, which has been in use since 1978. However, on the 20th of February 2022, the report disclosed that Babatunde Ogunnaike had passed away at the age of 65 years. The news of Ogunnaike’s death came as a shock to many Nigerians who have taken to the various platform ...
Fitch Ratings downgrades Nigeria’s credit rating
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Fitch Ratings downgrades Nigeria’s credit rating

Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) has been lowered from “B” to “B-” by Fitch Ratings. Using Ecuador and Angola as benchmark examples, Nigeria is now rated six levels above default. In a release disseminated on Friday, Fitch announced that the nation has a stable forecast. Despite elevated crude prices in 2022, the downgrade was attributed to the expenses linked to servicing government debt and deteriorating external liquidity, among other elements. As stated in the Fitch report, “Diminished oil production and the costly subsidy on petrol have absorbed most of the fiscal advantage of high oil prices in 2022 and will persist in exerting pressure on already low government revenue levels.” Public finances would improve if subsidies were removed in 2...
Oil firm to sign FEED agreement for Nigeria’s first FLNG facility
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Oil firm to sign FEED agreement for Nigeria’s first FLNG facility

An indigenous petroleum corporation, UTM Offshore, will formalize a front-end engineering design (FEED) contract for Nigeria’s inaugural floating liquefied natural gas (FLNG) facility today. Reportedly, UTM Offshore, Technip Energies, KBR, and JGC Corporation will formalize the FEED contract in London. The project will automatically transition to the execution phase once the contract is finalized. The African Export-Import Bank (Afreximbank) disclosed in July 2022 that it had formalized a contract with UTM Offshore for financing a project preparation facility. Initiatives aimed at propelling the company’s FLNG project towards financial viability will receive partial funding from Afreximbank. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), previo...
IMF lowers Nigeria’s 2022 growth projection to 3%
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IMF lowers Nigeria’s 2022 growth projection to 3%

Because of Nigeria’s diminished oil output and the significant consequences of flooding, the International Monetary Fund (IMF) has revised Nigeria’s anticipated GDP growth for 2022 from 3.4% to 3%. After the completion of an official staff visit to Nigeria, the IMF disclosed this in the report for the 2022 Article IV Consultation. The IMF also forecasted a pronounced economic downturn for the country, leading to GDP growth decelerating to merely 3%. The statement indicated, in part: The second quarter of 2022 experienced output growth of 3.4% (y/y), representing the seventh consecutive quarter of growth primarily fueled by the services sector and specifically the trade, finance, and information technology segments. Cause of the deceleration Nigeria’s oil output has been on...