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Debt Management Office
Governor Emeka Ihedioha of Imo State says his predecessor, Rochas Okorocha, operated 250 bank accounts as opposed to the Treasury Single Account being implemented by the Federal Government and many other states.
Former Vice President Atiku Abubakar, has called on the Federal Government to halt the nation’s descent into another era of unsustainable domestic and foreign borrowings which he said has become the hallmark of the Muhammadu Buhari administration.
Nigeria’s total public debt rose to N24.947 trillion as at March 31, from N24.387 trillion as at December 31, 2018, growing marginally by 2.30 per cent, the Debt Management Office (DMO) said.
About 22 sectors capable of generating foreign exchange for the federal government in place of crude oil have been identified, the Executive Director, Nigerian Export Promotion Council (NEPC), Segun Awolowo, has said.
The Executive Director, Nigerian Export Promotion Council ( NEPC), Mr Segun Awolowo, says plans are on by the Council to raise 150 billion dollars revenue from sources outside the nation’s oil sector in the next 15 years.
The Federal Government has offered for subscription two-year savings bond at 11.19 per cent and three-year savings bond at 12.19 per cent per annum, the Debt Management Office (DMO) said.
Following media reports insinuating that the Federal Government has no plans to issue Eurobonds as part of its external borrowing in 2019, the Debt Management Office (DMO) on Wednesday clarified that there was no such foreclosure.
A statement from the Debt Management Office (“DMO”) on Thursday said: “The proceeds of the Green Bond will be used to finance projects in the 2018 Appropriation Act, which will contribute to Nigeria’s commitments to the Paris Agreement on Climate Change.”
The federal government has offered for subscription two-year savings bond at 11.41 per cent and three-year savings bond at 12.41 per cent per annum.
The Bayelsa State Government on Tuesday said the state remained the least indebted among other states in the South-South geopolitical zone.
The Rivers State Government has declared that the administration of Governor Nyesom Wike is not indebted to any Bank in Nigeria.
The long awaited results from the forensic audit into Oando PLC, was finally released on Friday, May 31, 2019 on the website of the Securities and Exchange Commission (SEC) indicating weighty infractions with attendant sanctions leveled against the Company.
The convoy of the Minister of Finance, Mrs Zainab Ahmed, was on Tuesday night blocked by angry pensioners of the defunct Nigerian Airways.
The Federal Government of Nigeria (FGN), is set to issue a second Green Bond up to N15 billion following the successful debut Green Bond Issuance of N10.69 billion in December 2017 – by which Nigeria became the first African country to issue a Green Bond.
Finance Minister, Mrs. Zainab Ahmed, has revealed that the sum of N649 billion, the final tranche of the Paris Club Refund, is available to be shared by the 36 States of the federation.
Petitioners’ Witness 60, Joseph Gbenga, called by Peoples Democratic Party and its presidential candidate, Alhaji Atiku Abubakar, as an expert witness admitted before the Presidential Election Petitioner Tribunal, on Friday, that he had not been certified.
The Presidency has enjoined El-Zakzaky-led Shiite members to desist from needless violent street protests and await the decision of the court in Kaduna where their leader is currently being tried.
Gov. Aminu Masari of Katsina State says, for dialogue and amnesty programme for cattle rustlers and bandits in the Northwest to succeed, it must involve all state governments in the zone.
A 47-year-old tailor, Popoola Abolade, was on Friday brought before a Yaba Magistrates’ Court in Lagos, for allegedly defrauding a company of N1.48 million.
The All Progressives Congress (APC) stakeholders Kogi State chapter, have taken legal action against the party’s National Working Committee (NWC) over the indirect mode of primaries adopted by the national leadership for the election of candidates for the November 16 Kogi State governorship poll.
Some football enthusiasts in Awka, Anambra, on Thursday expressed mixed reactions on the future of Super Eagles coach, Gernot Rohr, with the team.
The decision to appoint Senegalese Fatma Samoura as a General Delegate to CAF is unprecedented in the 115-year history of FIFA, which has never had recourse before to help guide the administration of a confederation.
The Coalition Against Terrorism and Extremism (CATE) has reacted to the recent promotion of two senior officers of the Nigerian Army.
Captains of industries, airline owners, professionals, and other stakeholders in Nigeria’s aviation sector are gathering in Lagos to brainstorm on how to develop the right policies to spur major investments in the sector.
Paris Saint-Germain have signed Abdou Diallo from Borussia Dortmund, the French side announced on Tuesday.