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Call for revolution condemnable – APC governors

Governors on the platform of the ruling All Progressives Congress (APC) in the country have condemned the call for revolution, saying it was unpatriotic.
Seyi Makinde

Oyo governor declares assets publicly, worth N48 billion

The Oyo State Governor, Seyi Makinde, on Monday, made good his campaign promise to publicly declare his assets.

DMO denies reports foreclosing raising euro bond in 2019

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.
Debt Management Office (DMO)

DMO: Nigeria may issue Eurobonds if necessary

Nigeria may issue Eurobonds if necessary to help finance its 2019 budget, the debt office said on Wednesday, a day after its head said no such move was planned.
Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

Access Bank threatens to publish names of debtors

The management of Access Bank has threatened to publish the list of all its delinquent debtors.

Report: Nigeria’s rising debt servicing cost unsettles investors

The cost of servicing government debt in Nigeria is dampening foreign investors’ appetite to inject capital into the country.

Ecobank raises $450 million from Eurobond

Ecobank Transnational Incorporated (ETI) in Lomé, which is the parent company of the Ecobank Group, has successfully raised $450 million in its debut Eurobond which was oversubscribed.

Nigeria Eurobond yields rise after surprise election delay

The electoral commission said the postponement, which is due to last a week, was due solely to logistical factors and denied political pressure had played any part in the decision. President Muhammadu Buhari and his rival, former vice president Atiku Abubakar, both urged voters to stay calm.

Kenya set to launch $2.5 billion third sovereign bond

Kenya is planning to launch its third sovereign bond worth $2.5 billion, but the East African country requires the assistance of a financial consultant to advice on the timing, pricing and viability.

Central bank may add more to the 41 items not eligible for forex

The Central Bank of Nigeria (CBN) may increase the number of items not eligible for forex from 41 items to include many others products being produced in Nigeria.

Why Diamond Bank opts for national status

Diamond Bank, a mid-tier lender, has received approval from the Central Bank of Nigeria (CBN) to operate only in the country in a move to lower capital requirements after selling its international units, it was learnt at the weekend.

Federal government urged to review direction of debts to stimulate economic growth

Some economists on Friday called on the Federal Government to review the direction of the country’s debts, in order to spur productivity and economic growth.

House of Reps asks Muhammadu Buhari to sack NEMA chief for alleged mismanagement of...

The House of Representatives has advised President Muhammadu Buhari to immediately sack the director general of the National Emergency Management Agency (NEMA), Engr. Mustapha Yunusa Maihaji for alleged mismanagement and embezzlement of over N33 billion.

Senate confirms Muhammadu Buhari’s nominee after 18 months

The senate has confirmed Lanre Gbajabiamila as director-general of the National Lottery Regulatory Commission (NLRC).
Senate President Senator Bukola Saraki

Senate adjourns plenary session till November 6

The Senate has adjourned plenary session till Nov. 6, to allow the various standing committees to embark on oversight of Ministries, Departments and Agencies (MDAs).

House of Reps approve Buhari’s request for $82 million Eurobond

The House of Representatives on Tuesday approved the request by President Muhammadu Buhari for $82.54 million to refinance the balance of $500 million matured Eurobond in the international capital market.
Acting Finance Minister of Finance Zainab Ahmed

Federal government to pay 50 percent ex-Nigerian Airways staff benefits from next week

The Nigerian government on Wednesday said it will pay 50 per cent of entitlements owed ex-staff of the defunct Nigerian Airways in 2018 and pay the balance next year.
President of the Senate, Dr. Abubakar Bukola Saraki (left) and ex-Minority Leader, Senator Godswill Akpabio during plenary in Abuja.

Senate okays $2.9 billion foreign loan

The Senate yesterday warned the Federal Government to stop taking external loans, urging it to find other means of generating revenue internally, rather than throw the country into a debt trap.

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Kidnap Victim

Gunmen abduct two Catholic priests

Gunmen have reportedly abducted two Catholic priests, Rev Fr Joseph Nweke and Rev Fr Felix Efobi from Awka Catholic Diocese.
Governor Mai Mala Buni of Yobe State has affirmed that said the progress of any nation depends on the development of its youth.

Yobe suspends traditional ruler for defiling a 6-year-old boy

Yobe State governor Mai Mala Buni has directed the suspension of the district Head of Fannami Ward, Lawan Mari from Bade Local Government for alleged sodomy with a six year-old-boy.
Kayode Fayemi

Ekiti governor congratulates SIEC, newly elected councils chairmen

The Governor of Ekiti State, Dr Kayode Fayemi, has congratulated the newly elected chairmen and councillors of the 16 local government councils, following official announcement of Saturday’s council election results by the State Independent Electoral Commission.

Femi Falana: DSS operatives apologized to judge over court’s invasion

A human rights lawyer, Femi Falana (SAN), said on Sunday that the leader of the Department of State Service (DSS) team that invaded the Federal High Court, Abuja, on Friday apologized to Justice Ijeoma Ojukwu over the incident
Nigeria Police

Police arrest three for murder

The police in Ogun State have arrested three suspects over the death of a 27-year-old man who was stabbed in the chest.