The federal government has successfully priced $2.35 billion in Eurobonds maturing in 2036 (10-year) and 2046 (20-year) in the international capital market. According to a statement issued by the Debt Management Office, $1.25 billion and $1.10 billion of the Eurobonds are placed in the 2036 and 2046 maturities, respectively. The office stated that the…
BY ABUBAKAR YUSUF In the last seventeen months of the appointment of the new management team of Federal Housing Authority, by President Bola Ahmed Tinubu under the leadership of Rt Hon. Oyetunde Oladimeji Ojo and his Executive Directors, in 2024, alot of administrative and operational changes has occurred that has affected the Authority positively,…
The Securities and Exchange Commission (SEC) has urged African nations to embrace Islamic finance to drive sustainable and inclusive economic growth. SEC Director-General Emomotimi Agama made the appeal on Wednesday in Lagos at the 7th African International Conference on Islamic Finance (AICIF). The two-day conference, which began on November 4, had the theme “Africa…
The Abuja Division of the Federal High Court, on Wednesday, dismissed the N100 billion suit filed by Dangote Petroleum Refinery and Petrochemicals FZE against Nigeria National Petroleum Company Limited (NNPCL) and its co-defendants over an oil import licence dispute. Justice Mohammed Umar dismissed the suit following an oral application by the defence lawyers after…
The Forward Operating Base of the Nigerian Navy in Badagry handed over seized contraband items to the Nigeria Customs Service and the Civil Defence Corps on Wednesday. A correspondent observed the handover, which was conducted by a senior naval officer at the Base in Badagry. The base transferred 420 bags of foreign parboiled rice…
The Manufacturers Association of Nigeria (MAN) says the recently approved 15 per cent import tariff on petrol and diesel will strengthen local content and deepen support for Made-in-Nigeria goods. MAN’s director-general, Segun Ajayi-Kadir, in a statement on Wednesday in Lagos, described the tariff as a strategic and patriotic step aligned with the Nigeria-First agenda…
Suspended Deputy Commissioner of Police (DCP) Abba Kyari on Wednesday told the Federal High Court in Abuja that his late father left behind more than 20 houses for his children in Maiduguri, Borno State. Kyari, who is facing charges for allegedly failing to fully disclose his assets as required by law, made the disclosure while…
Cristiano Ronaldo has revealed that he will retire “soon” and, while acknowledging the difficulty of concluding his illustrious career, he has been preparing for his life after football for quite some time. The Al Nassr striker, who holds the record for the most goals scored with 952 for club and country combined, stated last month…
Two children have drowned in separate well incidents in Dala and Dawakin Tofa Local Government Areas of Kano State. This was contained in a statement issued by the Public Relations Officer of the Kano State Fire Service, Alhaji Saminu Abdullahi, on Wednesday in Kano. Abdullahi said a six-year-old boy, Ahmad Abdurashid, drowned in a well…
The Ebonyi State chapter of the Peoples Democratic Party (PDP) has urged the public to disregard reports of the suspension of some of its leaders, describing the claim as false and orchestrated by faceless individuals with no standing in the party. Moses Idika, Director of Media and Publicity of the Anyi Ga-Emeya Movement during the…
