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The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. REUTERS-Rodrigo Garrido-File Photo

IMF approves $650 million in aid for Senegal’s coronavirus recovery

The International Monetary Fund (IMF) has approved $650 million in aid to Senegal to support the West African country's COVID-19 recovery, it said in a statement late on Monday.

Dozens dead after Islamic State attack near Total’s Mozambique project

Dozens of people were said to have been killed in a raid by Islamist militants in Mozambique, as an upsurge of violence threatens billions of dollars worth of energy projects in one of Africa’s poorest nations.
National Bureau of Statistics NBS

NBS: Nigerian government, states’ debt profile rise to N32.92 trillion

Nigeria’s total public debt portfolio as at December 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals.
Debt Management Office (DMO)

DMO clears air on 2018 N2.1 trillion debt service

The Debt Management Office (DMO) has explained that the N2.1 trillion allocated for Debt Service in the 2018 federal government budget was paid directly to the creditors by the Office of the Accountant-General of the Federation (OAGF).
FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July.

FMDQ Exchange admits Parthian Partners N20 billion commercial paper

The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme to its platform.
Debt Management Office (DMO)

NBS: Nigeria’s debt stock rises to N32.22 trillion

The National Bureau of Statistics, NBS, says Nigeria’s total foreign and domestic debt stood at N32.22trn in the Q3 of 2020.
National Bureau of Statistics NBS

NBS: Nigeria’s public debt increases by N6.01 trillion in a year

According to the NBS report on Nigeria’s Domestic and Foreign Debt Q3 2020, Nigeria’s total public debt stock constituting of external and domestic debts, stood at N32.22 trillion ($84.57 billion) as of September 30, 2020.

Nigeria owes World Bank, IMF, AfDB $31.98 billion – DMO

The Debt Management Office (DMO) says Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary Fund (IMF), African Development Bank (AfDB) Group and others as of September 2020.

Lagos chamber hints of rising inflationary rate in 2021

Its Director-General, Dr Muda Yusuf, attributed the projected inflation outlook for the incoming year to the combination of food supply shocks, heightened insecurity in major food-producing states, foreign exchange policies, illiquidity and higher energy costs.

S&P cuts Zambia to default after Eurobond payment missed

S&P Global Ratings Services cut its assessment of Zambia’s debt to selective default after it said it couldn’t meet payments and skipped a coupon on its Eurobonds last week.

DMO: Nigeria owes World Bank N3.96 trillion

Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World Bank Group, latest figures from the Debt Management Office have shown.

Zambia asks China to cancel its debt

Zambian President Edgar Lungu has asked Chinese President Xi Jinping for some “debt relief and cancellation” in a telephone conversation between the two leaders.
Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021.

Fidelity Bank appoints Nneka Onyeali-Ikpe as managing director-designate

Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Mrs Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective Jan. 1, 2021.
A regional minister in Lombardy, the Italian region most affected by the novel coronavirus outbreak, has tested positive for the virus.

Lebanon records first novel coronavirus death

A Lebanese man died Tuesday from the novel coronavirus, a health ministry official said, marking the country’s first recorded death from an epidemic that has infected 52 people nationwide.

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.
Nigerian Stock Exchange NSE

Federal government raised N1.16 trillion from NSE to finance projects in 2018

The Nigerian Stock Exchange on Monday said the Federal Government raised N1.16trn from the nation’s bourse in 2018 to finance fiscal and infrastructure deficits.

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.

DMO: More funds available for lending to private sector with redemption of NTBs

The Debt Management Office (DMO), says that with the redemption of about N840 billion of Nigerian Treasury Bills (NTBs), more funds are now available for lending by the banks to the private sector.
Ayo Teriba

Economist: Nigeria must privatise more assets

Nigeria must urgently consider privatising her redundant assets to raise the required funds to grow the economy and ensure stability, Vice Chairman, Technical Committee of the National Council on Privatisation, Ayo Teriba, said.

Presidency: What President Buhari has achieved in three years

As Nigeria celebrates Democracy Day on May 29, the presidency has reeled out what the Muhammadu Buhari administration has achieved in the last three years it has been in power.

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Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.

Manchester United identify Alexander Isak as Erling Braut Haaland alternative

Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Naira appreciates at N493 to dollar in parallel market

The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks.
U.S. President Joe Biden gestures while speaking to the media before boarding Air Force One at Geneva airport, as he leaves Geneva after the U.S.-Russia summit, Switzerland, June 16, 2021. REUTERS-Kevin Lamarque

White House considering talks between Joe Biden and China’s Xi Jinping

The White House will consider arranging talks between President Joe Biden and his Chinese counterpart, Xi Jinping, as the two countries spar over issues including human rights, a top U.S. official said on Thursday.
President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.

President Buhar: We won’t rest until peace is fully restored in Borno

President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.
Lagos State Attorney General, Moyo Onigbanjo (SAN)

Lagos begins plea bargain session for Kirikiri inmates

In an effort to decongest correctional centres, the Lagos State Ministry of Justice on Thursday held a plea bargain session for some inmates at...

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Super Falcons head coach Randy Waldrum has explained why his team suffered a shock defeat to Jamaica, at the four-nation Summer Series tournament in the United States.

Summer Series: Super Falcons coach admits it will be tough vs Portugal

Super Falcons coach Randy Waldrum has said he expects a difficult game against Portugal, who he described as “excellent” despite their loss to hosts USA in the Summer Series.
Government soldiers patrol near Gorgadji in Burkina Faso. REUTERS-Luc Gnago

About 25 terrorists killed in sweep operations in Burkina Faso

Burkina Faso’s Army said it had killed more than 25 terrorists during sweep operations conducted from June 7 to June 13, but also lost three soldiers and six volunteers.
Ahmed Musa trained with Kano Pillars for the first time since rejoining the club on Monday morning.

Kano Pillars forward Ahmed Musa faults crowd troubles as LMC fines club

Super Eagles Captain, Ahmed Musa, has expressed dissatisfaction over crowd troubles in the Nigeria Professional Football League (NPFL).
Ashley Young could be set to extend his stay at Italian champions Inter Milan.

​Inter Milan offer Ashley Young new contract amid Watford interest

The veteran winger, who can also play at wing back, helped the Milan giants lift the Serie A trophy this past season.
The National Publicity Secretary, Kola Ologbondiyan, “He is fully aware of the constitutional implication of his decision to defect to another party; which is that he cannot continue to occupy the seat of the PDP in the Senate.

PDP asks President Buhari, APC to seek help over World Bank poverty report

The Peoples Democratic Party (PDP) has said that the report by World Bank that seven million Nigerians have been pushed into poverty in the last one year, clinically belies the integrity posturing of President Muhammadu Buhari and the ruling All Progressives Congress (APC).