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Debt Management Office
The federal government has offered for subscription by auction N150 billion worth of bonds in its Sept. 25 auction, the Debt Management Office (DMO) said.
Governor Dapo Abiodun of Ogun State, has written the the state House of Assembly seeking approval to access a concessionary loan of N1.5billion from the Central Bank of Nigeria (CBN) for the Anchor Borrowers’ Programme with a single-digit interest rate.
The Debt Management Office (DMO) says that the September savings bonds’ offer of the Federal Government has opened for transactions.
The 36 state governors under the umbrella of Nigeria Governors’ Forum (NGF) are meeting in Abuja to discuss update on recent directive of the Nigerian Financial Intelligence Unit (NFIU) on local government funds.
President Muhammadu Buhari may be among the very few Nigerians with the blood of nationalism running in their veins, but his Democracy Day pledge to lift 100 million citizens out of poverty over the next 10 years appears empirically doubtful going by the realities of the nation’s economic fundamentals.
Governor Ayade inaugurates taskforce to strengthen state loans, deep seaport, super-highway projects
The Cross River State Governor, Professor Ben Ayade, has today the 31st day of July, 2019 inaugurated the Task Force Committee on Loans Review, with a mandate to review all loans taken by the State and those indebted to the State.
The Ekiti State chapter of the Peoples Democratic Party National New Media Group (PDP-NNMG) has accused the State Governor, Dr. Kayode Fayemi, of plotting to plunge the State into another round of debt, disclosing that the governor was about taking N5 billion loan from a new generation bank.
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.
Dr. Jonathan Nnaji, chairman board of trustees of Igbo speaking community in Lagos State, has said that Nigerians who have chosen to remain in South Africa than return to the country should not be blamed because the country has refused to set its priorities right.
Coach of Nigeria’s women senior Christopher Danjuma has stated that his attention is solely on ensuring Nigeria qualify for the Tokyo 2020 Olympic Games.
Portuguese star Cristiano Ronaldo has revealed that he was a step away from joining Arsenal prior to signing for Manchester United in 2003.
Legendary boxing trainer Ronnie Shields believes that Efe Ajagba can rule the heavyweight division in the near future.
A number of Egyptian weightlifters were included in the entry list for the world championships, which begin in Thailand tomorrow.
Dr Yinka Ayandele, Permanent Secretary, Education District 3, Ikoyi, says more attention will be given to the study of technology in schools across the state to engender digital economy.
Everton winger Alex Iwobi has said that he left Arsenal this summer in part because he had become too comfortable at the club.
Spokesman, Rivers Police Command, Nnamdi Omoni, confirmed that the latest incident, fifth in recent time, happened in a hotel in Omoku, headquarters of Ogba, Egbema, Ndoni Local Government Area of the state.
The Nigerian Liquefied Natural Gas Company on Wednesday announced the SCD Group as preferred bidder for the $10bn NLNG Train 7 project.
The Nigeria Football Federation has reinstated Salisu Yusuf to the national team after serving a one-year ban for receiving bribe.