Connect with us

NEWS

Bill Gates To Pay Nigeria’s $76m debt

Published

on

Bill Gates To Pay Nigeria’s $76m debt

Nigeria has authorised Bill and Melinda Gates Foundation to start the repayment of $76 million polio eradication loan to Japan. Bill Gates The Minister of Finance, Mrs Kemi Adeosun, made this known in Abuja on Tuesday when she received a delegation of Japanese House of Councillors Parliamentarians. She said that the delegates were in Nigeria to assess the level of usage of Overseas Development Assistance (ODAs) extended to Nigeria since 2014.

She added that the authority to trigger repayment was given to Bill and Melinda Gates Foundation following the eradication of polio in the country. She noted that the eradication of polio was made possible as a result of the ODA facility provided by the Japanese Government valued at $76 million in 2014.

She recalled that the ODA was structured for repayment after four years and that by this development, Bill and Mellinda Gates Foundation would start repaying the facility to Japan this year. Adeosun while marketing Nigeria to the Japanese delegation noted that Nigeria was fast growing and evolving from negative areas to positive areas through its determined fight against corruption.

She added that “because Nigeria is a middle income country, we will require the expertise of Japanese companies for infrastructure development. “Nigeria is a good place to invest because it is a rising investment destination. “I promise that the government will make life easy for Japanese investors wishing to do business in Nigeria.”

In his address, the leader of the delegation, Mr Kiyoshi Ejima, described Nigeria as a power house with rich natural resources with which Japan tried to strengthen relationship with. Nigeria, he said, had set the target of becoming one of the top 20 economies by the year 2020 and he assured that “Japan will support Nigeria toward realising its 2020 target.”

MOVIES

Queen Lateefah Earns N333.7 Million, Ascends To Nollywood’s Top Box Office Rankings

Published

on

'Queen Lateefah' earns ₦333.7 million | fab.ng

First and foremost, Wumi Toriola’s film ‘Queen Lateefah‘ has achieved remarkable success, surpassing ₦300 million at the box office and securing its position among Nollywood’s top-performing films.

Subsequently, the film joins other blockbuster successes such as ‘Ajosepo’ (₦257.2 million) and ‘Ajakaju’ (₦252.8 million). Moreover, ‘Queen Lateefah’ now stands as the seventh highest-grossing Nollywood movie to date.

Additionally, it holds the distinction of achieving the highest earnings for a non-December release, a period typically known for peak box office performance.

Throughout its theatrical run, the film has consistently broken records. Initially, it garnered ₦57 million in its opening weekend.

Furthermore, within just three weeks of its premiere, the film exceeded the ₦200 million milestone. By mid-October, consequently, the box office receipts had accumulated to ₦216 million.

Queen Lateefah' grosses enters Nollywood's top box office rankings | Pulse  Nigeria

Under the distribution of Cinemax and the direction of Adeoluwa Owu, the film presents a compelling narrative. Specifically, it follows Lateefah Adeleke, a 30-year-old businesswoman who portrays herself as a world traveller with high social status.

However, her encounter with Jide Rhodes, a 35-year-old businessman, eventually exposes her carefully constructed facade.

In contrast to her claims, Lateefah emerges from a background of extreme poverty as the only child of an illiterate mother.

Finally, the film features a stellar ensemble cast including Kunle Remi, Femi Adebayo, Nancy Isime, Bimbo Manuel, Elvina Ibru, Enioluwa, and Gbugbemi Ejeye.

As a result of these combined elements – compelling storyline, strong performances, and strategic release timing – ‘Queen Lateefah’ continues to demonstrate the growing commercial potential of Nollywood productions.

Continue Reading

FOREIGN

Bruno Mars Breaks All-Time Spotify Monthly Listener Record For The Second Time

Published

on

Bruno Mars Breaks Spotify Monthly Listener Record | fab.ng

Bruno Mars now commands 130 million monthly Spotify listeners, shattering the platform’s previous record.

The Grammy winner achieved this milestone following the release of his recent collaborations: ‘Die With A Smile‘ featuring Lady Gaga and his appearance on Rose’s track ‘APT’.

These new singles mark Mars’ first musical releases since his collaboration with Anderson Paak on their Grammy Album of the Year-winning project ‘An Evening With The Silk Sonic’ in 2021.

The stellar performance of these tracks has propelled him past The Weeknd’s previous record of 120 million monthly listeners.

The Weeknd had previously made history as the first artist to attract 100 million monthly listeners on Spotify. The Canadian superstar then broke his own record by reaching an impressive 120 million listeners.

As of November 13, 2024, Bruno Mars leads the Top 20 highest Spotify monthly listeners, demonstrating his enduring appeal and growing global fanbase.

His achievement reflects both the success of his recent releases and his consistent ability to connect with audiences worldwide.

The record-breaking numbers showcase the expanding reach of streaming platforms and Mars’ commanding presence in the digital music landscape.

Top 20 highest Spotify monthly listeners as of November 13, 2024.

Continue Reading

MUSIC

Burna Boy Makes Spotify History With Record-Breaking Albums

Published

on

Burna Boy Spotify history with record-breaking albums | fab.ng

Burna Boy has achieved another milestone by becoming the first Nigerian artist with two albums exceeding 1 billion Spotify streams. His album ‘African Giant‘ recently crossed the 1 billion stream mark, joining ‘Love, Damini‘ which commands 1.3 billion streams.

The release of ‘African Giant’ in 2019 followed Burna Boy’s global breakthrough, sparked by his viral hit single ‘YE’ from his 2018 album ‘Outside’. The album cemented Burna Boy’s position as Africa’s musical ambassador on the world stage.

‘African Giant’ produced several standout hits, with ‘On The Low’ and ‘Gbona’ earning platinum certifications in France. The album showcases other powerful tracks including ‘Anybody’, ‘Dangote’, ‘Omo’, ‘Killin Dem’ featuring Zlatan, and ‘Gum Body’ featuring Jorja Smith.

On Spotify, ‘On The Low’ leads the album’s streaming numbers with 304 million plays. ‘Gbona’ follows with 185 million streams, while ‘Anybody’ has accumulated 90 million streams.

‘Love, Damini’ stands as Burna Boy’s most commercially successful album to date. The breakout hit ‘Last Last’ dominates with 451 million Spotify streams, while ‘For Your Hand’, the collaboration between Burna Boy and Ed Sheeran, has gathered 289 million streams.

These streaming achievements strengthen Burna Boy’s position as Nigeria’s and Africa’s leading musical export. He continues to break new ground for African music on the global stage, setting records and expanding the reach of the continent’s sound worldwide.

The artist’s success demonstrates the growing global appeal of African music, with Burna Boy leading the charge in bringing Nigerian and African sounds to international audiences. His achievements pave the way for future African artists to reach similar heights on global streaming platforms.

Continue Reading

Latest

2025 AFCON: Nigeria secures qualification | fab.ng 2025 AFCON: Nigeria secures qualification | fab.ng
SPORTS8 mins ago

Nigeria Seal Qualification For 2025 AFCON As Osimhen Equals Odegbami’s Goal Tally

Nigeria has secured its qualification for the 2025 Africa Cup of Nations (AFCON) with two games to spare. This is...

Kese (Dance): Wizkid raises anticipation for 'Morayo' | fab.ng Kese (Dance): Wizkid raises anticipation for 'Morayo' | fab.ng
FAB FRESH46 mins ago

Wizkid Builds Anticipation For “Morayo” With New Single “Kese (Dance)”

Wizkid showcases his musical versatility on “Kese (Dance),” masterfully blending English, Pidgin, and Yoruba languages over energetic Afrobeats production. Furthermore,...

Denzel Washington to star in ‘Black Panther 3’ | fab.ng Denzel Washington to star in ‘Black Panther 3’ | fab.ng
INTERNATIONAL2 days ago

Hollywood Veteran Actor, Denzel Washington To Star In “Black Panther 3”

Hollywood legend Denzel Washington has announced his intention to star in the highly anticipated third instalment of Marvel’s “Black Panther”...

'Queen Lateefah' earns ₦333.7 million | fab.ng 'Queen Lateefah' earns ₦333.7 million | fab.ng
MOVIES2 days ago

Queen Lateefah Earns N333.7 Million, Ascends To Nollywood’s Top Box Office Rankings

First and foremost, Wumi Toriola’s film ‘Queen Lateefah‘ has achieved remarkable success, surpassing ₦300 million at the box office and...

Bruno Mars Breaks Spotify Monthly Listener Record | fab.ng Bruno Mars Breaks Spotify Monthly Listener Record | fab.ng
FOREIGN2 days ago

Bruno Mars Breaks All-Time Spotify Monthly Listener Record For The Second Time

Bruno Mars now commands 130 million monthly Spotify listeners, shattering the platform’s previous record. The Grammy winner achieved this milestone...

Solo: Reekado Banks drops new single | fab.ng Solo: Reekado Banks drops new single | fab.ng
FAB FRESH2 days ago

New Music: Reekado Banks – ‘Solo’

In “Solo”, Reekado Banks crafts a unique sound and heartfelt lyrics that came from his journey of resilience and creativity....

Burna Boy Spotify history with record-breaking albums | fab.ng Burna Boy Spotify history with record-breaking albums | fab.ng
MUSIC2 days ago

Burna Boy Makes Spotify History With Record-Breaking Albums

Burna Boy has achieved another milestone by becoming the first Nigerian artist with two albums exceeding 1 billion Spotify streams....

Charles Okocha Ties The Knot With Fiancé | fab.ng Charles Okocha Ties The Knot With Fiancé | fab.ng
EVENTS3 days ago

Fairytales Do Come True – Actor Charles Okocha Ties The Knot With Fiancé

On November 12, 2024, Nollywood actor Charles Okocha celebrated his marriage to his long-time partner after seven years together. The...

Enioluwa on why Nollywood uses the same actors | fab.ng Enioluwa on why Nollywood uses the same actors | fab.ng
ENTERTAINMENT3 days ago

Enioluwa Replies X User Questioning The Use Of Same Actors In Nollywood

Nollywood actor and social media personality Enioluwa explained why the Nigerian film industry uses the ‘same faces’ in movies. It...

John Njamah Says Actors Should Be Cast Based On Talent | fab.ng John Njamah Says Actors Should Be Cast Based On Talent | fab.ng
ENTERTAINMENT3 days ago

John Njamah Says Actors Should Be Cast Based On Talent Not Instagram Followers

Nollywood filmmaker John Njamah recently voiced his concern about the prevailing casting practices in the industry. He argued that casting...

-Ad-

under40ceos-starting-a-business
under40ceos-starting-a-business

Trending