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The Chairman, Senate Committee on Local and Foreign Debts, Shehu Sani, says his committee is yet to receive any letter from the Presidency to the Senate on the $2.5 billion Eurobond.
The Debt Management Office says it has raised N64.04 billion towards the funding of the 2018 budget.
It has also significantly surpassed the $40 billion target for 2018 announced by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, last November, and is expected to inch up to $50 billion in the next few months.
Nigeria needs to lower its debt profile in order to make financial resources available for priority projects, the Senate Committee on Local and Foreign Debts has posited.
President Muhammadu Buhari on Tuesday blamed the standoff between his administration and the National Assembly for the slow pace of governance under the leadership of the All Progressives Congress (APC).
The National Chairman of the ruling All Progressives Congress (APC), Chief John Odigie-Oyegun, Tuesday, survived renewed efforts to oust him, as the National Executive Committee (NEC) of the party extended his tenure by an additional year.
The a vowed mission of Transparency International is to stop corruption and promote transparency, accountability and integrity at all levels and across all sectors of society.
Data from the Ministry of Petroleum Resources sighted newsmen showed that indigenous producers from the country aim to pump almost 250,000 barrels per day additional crude by 2020 as part of a wider plan for the nation to lift output to 2.5 million a day.
Nigeria’s central bank said on Monday it had injected $210 million into the interbank foreign exchange market, part of an effort to improve liquidity and alleviate the dollar shortages of the past few years.
The Federal Government has announced the re-appointment of a consortium of banks including Citi Group, Standard Chartered, Stanbic IBTC, Whitten-Case and African Practice to implement its 2.5billion dollars Eurobond scheme.
The director general of the Debt Management Office (DMO), Patience Oniha, says the federal government will issue another Eurobond and Sukuk in 2018.
The Debt Management Office (DMO) will roll over treasury bills worth N1 trillion in the first quarter of 2018, data made available by the Central Bank of Nigeria has shown.
The naira is expected to firm slightly to 360 per dollar at the Central Bank of Nigeria’s Investors and Exporters Foreign Exchange window next week as trading picks up after the Christmas and New Year holidays.
The Debt Management Office (DMO) says the Sovereign Green Bond recorded oversubscription by 0.94 percent.
Governor of Rivers State, Nyesom Wike, has described the victory of Godwin Obaseki in the just concluded gubernatorial election as the end of godfatherism in Edo State.
Some residents of the Federal Capital Territory (FCT), have commended the Independent National Electoral Commission (INEC), on its performance at the just concluded Sept. 19, governorship election in Edo state.
As the portal for the registration of prospective beneficiaries for the Survival Fund opens on Monday, the Federal Government has released the timetable for categories of businesses to register.
The Independent National Electoral Commission (INEC) had earlier announced the candidate of the Peoples Democratic Party, Governor Godwin Obaseki as the winner of the election after securing 307, 955 votes, while the Pastor Osagie Ize-Iyamu of the All Progressives Congress polled 223,619.
Housemates were on Sunday shocked when Ozo and Trickytee were evicted from BBNaija House.
Two sons of the late winner of the June 12, 1993 election, Moshood Abiola, have been freed after being detained by the police for 13 days.
The Federal Government has congratulated Nigerian-born Pearlena Igbokwe on her recent promotion to Chairman of the Universal Studio Group, a division of NBC Universal, one of the world’s leading media and entertainment companies.
Amidst sustained pressures on Nigeria’s official foreign exchange resources, the Central Bank of Nigeria, CBN, has opened investigations into foreign exchange transactions of 55 companies and individuals.
After three consecutive days of losses, the Nigerian Stock Exchange (NSE) All-Share Index on Friday rebounded by 0.16 per cent.
The Deputy Governor of Edo state, Comrade Philip Shaibu, has said it is too early to assess the success of the election as the much-awaited Edo state Governorship Election started this morning across the state without any major incident recorded so far.