General News
Half-baked Reality TV, Count me Out – Murray Bruce
Guy Murray-Bruce, president of Silverbird Entertainment, a novel and stylish multi-functional unit, exudes passion for broadcasting
His exposure to radio management has exposed him to the challenges of a competitive growth in an emerging market, and he knows more than most that competition is a healthy part of business.
Silverbird Expansion Programme
Yes it is. We’ve been given licenses to operate in four cities: Awka, Benin, Jos and Yenogoa; both radio and television and we are in the process of setting up these stations in these regions before the end of the year.
Cost of Expansion
I can’t discuss facts and figures with you but it’s a lot of money and we are spending prudently.
Differentiation
Well, some of the programmes will be on re-transmission. Some would be daily broadcasts; some would have its own local content depending on the region where they are.
Establishing Own Pay TV Platform
No, we’re just focusing on terrestrial for now. Pay TV is a different ball game entirely.
And we just want to expand our terrestrial across the nation first before we go into any other side of business.
Silverbird TV Stands Out From Other Channels
It depends on who’s watching. I think good quality programming be it foreign or local, gets the eyeballs, gets the viewers attached to their TV sets and that’s critical. As a result, gets a fair market share. That’s what’s paramount in the business. If you establish a station just specifically for glamour and no financial rewards, you’re just there for entertainment only, nothing else and that’s a different story. But we’re here for both reasons: for entertainment and also to get a huge market share; which I’ve explained, of course.
Major Challenges
The big challenge we have, I think would be power supply. I think that affects everybody in the whole nation, in all walks and parts of life. Power is critical in one’s existence and certainly affects our business. Right now you hear the hum in the background. It’s the generator. As a result, we are polluting air and I don’t like it but we have no choice. When you the pollute air, it affects the lives of younger and older people who have respiratory problems and could easily die from it. You see, when there’s no power we’re indirectly killing people without even knowing it; the elderly, the young who have respiratory problems. You have pollution in the air. What for? Because, there’s no power. Look at the long term result of this problem; it’s a serious hazard to our health. It’s not just a financial drain; it’s a health drain too. So, that’s a huge challenge for us.
Other Challenges
I think human resource too is a challenge and that’s a challenge in any industry. You want to get the best professionals in the broadcasting industry, you have to train and groom them. There’s a dearth in resources and where you want to get the talents from. I think we need to train our people to be the best in the industry. It is a problem, a challenge; every country has been through this and Nigeria should not be any exception. We are going through a phase. America went through this after the great recession, I would imagine, in the 30s. So we’re coming out of that here too. But all the same, Nigeria is a very strong country. People here have the zeal and enthusiasm. They make sure they go the extra mile to get the job done. That’s what’s lovely about Nigeria, its fantastic!
Raising the Workforce
Well, first of all, don’t forget we’re just one TV station here in Lagos, Silverbird TV. The next step for us now is to embark on heavy training of staff for our expansion. That’s the only way we can go forward; that’s where we’re going now, we’re going to commence heavy training; we’re going to get the best consultants in the world to train our guys so we can move forward and set the standards for the industry.
Editorial Control
Well, we have an editorial board here in the station and I think our guys are diligent and careful in what they put out there for people to hear. The editorial challenges are no different from power challenges in the country; to me they’re all the same. They’re all of different levels of whatever you think of it. But we have great broadcasters here who are decent and understand the industry and they make sure they take good care; whatever they put out to the people is what’s best for the people. They have to sift through a lot of things before they put out.
Really
Yes, they have to because if you’re not careful, your jaws will kill you too
Boosting Productions
First of all, we’re coming up with independent programmes like the one you’re watching right now; it began on STV six months ago. Believe it or not, it has staff strength of about 60 people; all the way from the guy at the top to the guy at the bottom. It’s very costly to produce a programme; it doesn’t look like it’s costly but it is. Cost of production is very high in Nigeria and when you look at it; it doesn’t tally with what you get in return. You just ask yourself is it worth it? And that’s what independent producers go through and I feel for them. If you’re to run the studio every single day and have no returns back, you go bankrupt and that’s what the average independent producer goes through. We’re fortunate, it’s ours. Imagine if you have to rent it everyday; you pay for everything everyday and no revenue coming in. Those are one of the challenges in the industry that we’re faced with. Luckily, that’s not our only business; we have a radio station, so that’s part of our business but production in Nigeria’s getting very expensive and it’s going to get more expensive-the quality of our presenters, the quality of our actors are getting better. They’re getting paid more a lot more as a result; cost of production is a lot higher. Unfortunately, the revenue is not coming up high as the production is coming up high . So, when you have that scenario you ask yourself, what do I do next? But you’re there for the long call; you’re not there for the short run. If you’re a long distance runner, you’ll achieve it.
Local Content
It’s come a long way from what they were 10 years ago; still not where it’s supposed to be; it can get a lot better. Nigerians produce a lot of content for television and radio and movie industry. Look at Nollywood, that’s an example of how it is. How do you make a movie in one week; you get all the actors and everybody and in one week done? But the point is, you have to start from somewhere. They’re doing it the way they can, eventually they’ll get there; they’ll be as big as Hollywood and Bollywood. Bollywood wasn’t that great some years back but now they’re better than most countries. Bollywood has come a long way from what it was 20 years ago; it was probably like Nigeria’s Nollywood or worse. Now, it’s (Bollywood) second best. So there’s still an opportunity here for the broadcasting or entertainment industry in Nigeria to get a lot better like their foreign counterparts. I don’t think we’re far apart now; we just need to pull our resources together to make that happen.
Too Many Reality Shows on TV
Well, that’s a different story entirely. The reality shows here; some of them are okay and some of them are crap, that’s the bottom-line. I’m not going to be specific. Everything’s called reality and then, nothing’s real. I don’t know, I guess I’m not much of a reality TV fan except its well produced. If it’s half-baked, I’m not interested. But I see the enthusiasm for it. I guess it’s like anything else; it’s got to be nurtured. We’re trying to be like Hollywood, at the same time we’re not there. So, it is an imitation of something that’s not quite what it’s supposed to be. Most reality shows I see on TV are half-baked but as a matter of fact, in time they’ll get better. It’s a waiting game.
What Do You Enjoy Watching?
I like watching STV, I won’t lie to you. That’s the honest truth. I’m not trying to be biased because I run the station but I just find the programmes, especially prime time, very interesting. I like it because it fits my profile; I guess that’s what it is. People like different things, that is why they tune to other stations. It’s a choice you make in life. I just love my STV; it’s comfortable. I feel comfortable watching STV, I feel relaxed, I feel in tune, I feel entertained. It rejuvenates me, it gives me hope. I look forward to the next day when I watch STV funny enough, because I’m looking forward to the next day’s show. You know, feel like you’re in a comma and it wakes you up.
Broadcasting and Promoting Peace in the Niger Delta
I think, first of all there must be unity in the country. There’s a marked disparity between the rich and the poor. Once the people start having an income, all these problems would stop. The reason why I believe, there’s so much problem in the Niger Delta is the haves and the have-nots. The have-nots are complaining basically because they don’t have. They are being deprived of what’s rightfully theirs and when this happens, they take extreme measures because they don’t have anything at all. And this problem’s as a result of lack of education and I won’t say laziness but they just think it’s theirs just for the asking. It’s wrong but I think with education, all these things will come to an end. With education and good employment, we shouldn’t have these problems. When you start educating the people, give them the right infrastructure to live in, supply them with water, electricity, good roads, educate the people and create employment for them; why would anybody else go out and look for havoc? It’s a simple solution. If you’re educated and have a good job, you won’t be looking for mischief. I think the people there have been deprived for so long; they really need to be rescued. It’s not their fault because they’ve been neglected for so long; they really need to be looked after. The only way you look after them is not by giving them hand-outs; by educating them and teaching them how to make money.

General News
MSMEs Paucity of Funds Receives Boost as Senate Backs Bill Seeking to Unlock Cash for them

Businesses across Nigeria, particularly micro, small and medium enterprises (MSMEs), may soon be able to convert unpaid invoices and credit sales into immediate cash without relying on conventional bank loans following the passage of the Factoring, Assignments and Receivables Financing Bill for second reading in the Senate.

The bill, which seeks to establish a legal framework for factoring and receivables financing, is expected to improve access to credit, boost liquidity for businesses and enhance domestic and international trade.
It also seeks to provide legal certainty for the assignment of receivables through factoring, promote transparency, modernise assignment laws and facilitate greater access to credit for businesses across the country.
Leading debate on the bill which was sent from the House of Representatives for concurrence, Senate Leader Opeyemi Bamidele said on Tuesday that the proposed legislation would create an enabling environment for debt factoring to thrive in Nigeria while defining the rights and obligations of creditors, factors and debtors involved in such transactions.
He explained that the bill provides for factoring contracts between sellers and factors and clarifies the legal relationship among parties in receivables financing arrangements.
According to Bamidele, the legislation has already passed all legislative stages in the House of Representatives and has complied with the Senate’s procedural requirements under Order 78(3) of the Senate Standing Orders.
He told lawmakers that the Senate Ad Hoc Committee on Compliance, chaired by Abdul Ningi, had scrutinised and cleared the bill for concurrence.
“The committee confirmed that all procedural requirements for consideration and concurrence by the Senate have been fully met,” he said.
Seconding the bill, Adetokunbo Abiru said the legislation would provide businesses with an alternative source of financing by enabling them to turn credit sales into cash and improve their working capital.
Abiru noted that factoring has become increasingly popular across Africa over the last decade, largely through initiatives supported by the African Export-Import Bank (Afreximbank).
He disclosed that the African factoring market is currently valued at over $50 billion, but Nigeria’s participation remains below one per cent.
According to him, countries such as Egypt and Morocco have benefited significantly from the financing model, adding that Nigeria risks missing out on the growing market without a clear regulatory framework.
“I think that passing this major legislation will help support our micro, small and medium enterprises in terms of converting most of their credit sales into cash without going through the normal borrowing arrangement,” Abiru said.
In his remarks, Ningi also assured lawmakers that the compliance committee had reviewed the bill and found no legal impediments to its passage.
Following a voice vote, the Senate approved the bill for second reading and subsequently referred it to the Committee of the Whole for clause-by-clause consideration.
General News
IMF Warns Nigeria of Risks in $5Bn Swap Deal with First Abu Dhabi Bank

The IMF on Tuesday warned of risks surrounding Nigeria’s plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, saying such transactions are often opaque and complex.

Recall that the Senate in April gave its approval to the agreement, joining other Africa borrowers like Senegal and Angola who have tapped similar arrangements over the past year.
“Our view is that the transaction in these types of structures carry risks. Usually they are opaque so the terms are not always very transparent when we reviewed these instruments across countries,” Christian Ebeke, IMF resident representative in Nigeria, told reporters.
Ebeke said Nigeria could instead issue eurobonds to finance its deficits or other means to raise funding, including on concessional terms.
Nigeria intends to use proceeds from the total return swap, or TRS, to refinance expensive debt and pay for infrastructure.
In its latest Article IV review, the Fund praised Nigeria’s sweeping reforms, saying they had strengthened economic stability and investor confidence, but warned that the benefits had yet to reach millions of citizens and could be undermined by global shocks, including the Middle East conflict.
The reforms since 2023 under President Bola Tinubu – including fuel subsidy removal, tighter monetary policy and exchange rate liberalisation – had rebuilt buffers and improved macroeconomic management, the IMF said.
However, it cautioned that the reforms were also contributing to social strain, with poverty levels at 63% and millions facing food insecurity, underscoring a widening gap between macro gains and household realities.
The IMF said improved policy credibility and forex reforms had helped Nigeria regain access to international capital markets and attract portfolio inflows, while reducing risk premiums. The central bank says gross reserves are at $50 billion, the highest in 17 years.
But reliance on volatile foreign portfolio investment poses rollover risks, the IMF said, urging a shift towards more stable, long-term capital such as foreign direct investment.
General News
SSDC Warns Businesses against Cyber, Election-Related Risks

Security Skills Development Company (SSDC) has released its 2026 Security Outlook, highlighting four major security challenges expected to shape Nigeria’s business and operating environment as the country moves closer to the 2027 general election.

The report, developed from a nationwide survey and expert contributions at the recently concluded Security Thought Leadership Roundtable, identifies internal security threats, protection of national assets, cyber risks and election-related instability as the most significant concerns facing organisations and institutions in the coming year.
According to SSDC, findings from the survey and stakeholder discussions reveal growing concern over the increasing complexity of security challenges and their potential impact on business continuity, economic stability and public confidence.
A substantial number of respondents identified internal threats within organisations as an emerging risk, pointing to the need for stronger corporate governance, workforce integrity measures and structured risk management systems.
Security experts at the roundtable noted that weaknesses in critical public infrastructure and national assets could have far-reaching consequences for the economy and national development if not adequately addressed.
The report also highlights cybercrime as a persistent and evolving threat to both public and private sector institutions.
Participants stressed the importance of strengthening cyber resilience through proactive monitoring, investment in technology-driven safeguards and improved security awareness.
Another key concern raised in the outlook is what SSDC described as the “2027 Election Shadow.” Many respondents expressed concerns about the possibility of heightened political tension as the election season approaches, warning that uncertainty and security disruptions could affect business operations, investment decisions and overall economic confidence.
Speaking on the report’s findings, Mike Igbodipe, managing director, SSDC, called for a more strategic approach to security management across both public and private sectors.
He said organisations must move beyond reactive security measures and integrate security considerations into their broader strategic planning and decision-making processes. He also advocated the development of a gold-standard, locally certified training programme for security professionals tailored to Nigeria’s unique security environment.
SSDC, a security training and consulting firm focused on advancing professional standards in Nigeria’s security sector and strengthening industrial resilience through capacity building and strategic expertise, said the Security Outlook forms part of its ongoing thought leadership initiative aimed at promoting informed dialogue on national security, institutional resilience and risk management.
The company reaffirmed its commitment to supporting stakeholders through research, training and strategic advisory services designed to improve preparedness and response to emerging security challenges.
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