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Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

Islamic Development Bank starts marketing 5-year-dollar sukuk

Islamic Development Bank (IsDB) has started marketing a five-year dollar sukuk, or Islamic bond, a document issued by one of the banks showed.

Misery Index: Nigeria not a miserable country

In a report titled: “The Misery Index 2018,” authored by Dr. Steve Hanke of the Johns Hopkins University in Baltimore, Maryland, Nigerians have been labelled the sixth most miserable people in the world. The misery index was introduced in the 1970s by Arthur Okun, an American economist, author of the seminal work, Equality and Efficiency: The Big Trade Off (1975).
Secretary-General of OPEC, Mr. Mohammed Barkindo

WEF: Oil industry considers options to combat climate change, investors’ pressure

When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors.

Oil prices gain on OPEC’s cut deal

Oil prices climbed by one per cent yesterday following supply cuts led by Organization of Petroleum Exporting Countries (OPEC) and Russia, although a darkening economic outlook capped gains.
Atiku Abubakar

Atiku Abubakar asks Muhammadu Buhari to resign over comment on economy

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), on Sunday, asked President Muhammadu Buhari to resign over his Friday’s comment that Nigeria’s economy was in a bad shape.
Festus Keyamo, the spokesman of the Muhammdu Buhari Campaign Organisation, says HSBC was in Nigeria to take funds out for money launderers.

Festus Keyamo: HSBC was in Nigeria to take funds out for money launderers

Festus Keyamo, the spokesman of the Muhammdu Buhari Campaign Organisation, says HSBC was in Nigeria to take funds out for money launderers.
Atiku Abubakar

Minimum wage: Muhammadu Buhari’s government not reliable – Atiku Abubakar

Following the denial by the presidency to pay the N30,000 minimum wage, the presidential candidate of Peoples Democratic Party (PDP), Atiku Abubakar, yesterday came down hard on President Muhammadu Buhari’s government, saying a government that is not reliable, nothing else about it can be stable.
Former Nigerian vice-President Atiku Abubakar (R) is congratulated by runners-up Sokoto State Governor Aminu Tambuwal (L) and Senate President Bukola Saraki (C) after winning the presidential ticket of the opposition People's Democratic Party (PDP) during the party's national convention in Port Harcourt, Rivers State on October 7, 2018. Nigeria's main opposition Peoples Democratic Party (PDP) has picked Abubakar to challenge President Muhammadu Buhari who is seeking a second term in presidential polls scheduled for February 2019. PIUS UTOMI EKPEI / AFP

Minimum wage: Denial characteristic of Muhammadu Buhari administration – Atiku Abubakar

The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has said President Muhammadu Buhari and his deputy, Prof. Yemi Osinbajo (SAN), are feeding at public expense.
Atiku Abubakar

Atiku Abubakar: It is sad that two global banking giants are leaving Nigeria

Former Vice President and Presidential candidate of the Peoples Democratic Party, PDP, on Saturday said it was very sad that two global banking giants were leaving Nigeria as a result of bad economy.

HSBC, UBS shut down offices in Nigeria

The Central Bank of Nigeria on Friday said two foreign banks, HSBC and UBS, have closed their offices in Nigeria.

CBN: Foreign investment falls by $500 million in 2018 Q1

Global banking giants, HSBC Bank and UBS Group, have closed their offices in Nigeria, the Central Bank of Nigeria (CBN) said yesterday, while also noting that foreign investment had fallen sharply from a year ago.
Saudi Arabia has brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead with an investment conference boycotted by Western political figures, leading international bankers and A-list executives. AP

Saudi investment forum opens under Khashoggi shadow

Saudi Arabia has brushed off an outcry over the killing of journalist Jamal Khashoggi and went ahead with an investment conference boycotted by Western political figures, leading international bankers and A-list executives.
Saudi Crown Prince Mohammed bin Salman

Saudi to host ‘Davos in desert’ despite outcry over slain Jamal Khashoggi

Saudi Arabia will host a key investment summit tomorrow, overshadowed by the killing of critic Jamal Khashoggi that has prompted a wave of policymakers and corporate giants to withdraw.

Atiku Abubakar: Lai Mohammed is APC’s priest of lies

The Atiku Presidential Campaign Organisation (APCO) has described the Minister of Information, Alhaji Lai Muhammed, as the high priest of the All Progressives Congress (APC) cult of liars.
A logo sits outside the headquarters of the National Bank of Egypt in Cairo, Egypt, on Tuesday, Jan. 24, 2012. Egypt's central bank accepted bids for seven-day repurchase agreements valued at 20 billion Egyptian pounds, the highest amount in four weeks. Photographer: Shawn Baldwin/Bloomberg via Getty Images

Egypt central bank signs $3.8 billion finance accord with international banks

The Central Bank of Egypt said on Thursday it agreed to enter into a “new repurchase transaction” of $3.8 billion with a consortium of international banks including Citigroup, Credit Suisse AG, Deutsche Bank AG, First Abu Dhabi Bank PJSC and HSBC.
Danske Bank . Bigstock

Money launderers turn EU banks into playground

European Union nations may boast the world’s most stringent anti-money laundering rules, but recent scandals show that money launderers are good at exploiting the bloc’s Achilles’ heel: A patent lack of coordination.

Lessons from Adeosungate

Nigeria’s former Minister of Finance (2015-2018), Kemi Adeosun threw in her letter of resignation on Friday, September 14, to bring to a temporary closure, the public outcry and the embarrassment that her possession of a fake National Youth Service Corps Exemption Certificate had generated since July when it was first reported.

Minister: APC’ll win 2019 elections

The Federal Government also said international publications such as HSBC and the Economist that used to feed fat on questionable supplements paid for by the Federal Government, have seen a drastic reduction in such patronage, hence their 2019 elections doomsday predictions for the APC.

Recent Stories

JAMB: Man registers UTME 64 times to ‘ghost-write’ for 64 candidates

The Joint Admissions and Matriculation Board says it has caught someone it described as a “notorious cheat” who had registered for the UTME 64 times, with the intention of writing the examination for 64 candidates.

Police foil pro-Dasuki protest in Sokoto

Police have foiled a planned procession to demand the release of former National Security Adviser, Col. Sambo Dasuki (rtd) in Sokoto state.
Oil tankers pass through the Strait of Hormuz, December 21, 2018. REUTERS-Hamad I Mohammed

Any move by Iran to close Strait of Hormuz unacceptable – US official

Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday.
Gas flares from an oil production platform at the Soroush oil fields in the Gulf, south of the capital Tehran [Raheb Homavandi-Reuters]

Iran denounces ‘illegal’ US sanctions as oil waivers end

Iran denounced US sanctions on its oil sector as "illegal" on Monday after the United States announced it will no longer grant sanctions exemptions to Iran's oil customers.

Court to hear alleged N2.8 million fraud case against Nnewi United chairman

The Federal High Court sitting in Awka will on May 30, 2019, begin hearing on the case of obtaining by false pretence involving the manager of Nnewi United football club of Nnewi, Mr. Olisa Onuchukwu.