F.G To Raise 120 Billion Naira At Bond Auction

Hamilton Nwosa
Writer

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Just In! 24 Abducted Kebbi Schoolgirls Regain Freedom After Spending Days In Captivity

By Abiola Olawale The 24 schoolgirls abducted from Government Girls Secondary School, Maga, Kebbi state, have been rescued. This was confirmed in a press statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. Onanuga said the girls regained their freedom on Tuesday. The New Diplomat reports that the girls…

Tinubu Orders Security Cordon on Kwara Forests Amid Kidnapping Surge

By Abiola Olawale President Bola Tinubu has ordered a total security cordon, comprising round-the-clock aerial surveillance and ground troop coordination, over the forest belts of Kwara State. ​The directive also extends to the forest areas of Kebbi and Niger States. ​Special Adviser to the President on Media and Public Communication, Sunday Dare, confirmed the directive…

Africa’s energy future in focus as thought leaders, policy chiefs, financers, others assemble in Port Harcourt for Solewant Group’s 9th annual Summit 

By Obinna Uballa Policymakers, financiers, energy executives, development partners, and researchers from across Africa and beyond will converge in Port Harcourt, Rivers State on Thursday for the 9th annual Solewant Group Africa Energy Summit, a premier platform set to spotlight the transformative role of technology in the continent’s energy sector.   The annual summit attracts…

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The Federal Government is set to raise 120 billion Naira at a bond auction on September 14, 2016.

According to the Debt Management Office, 40 billion Naira each will be raised from debts maturing in 2021, 2026 and 2036, using the Dutch Auction System.

The Federal Government has estimated it will borrow around 900 billion from the local debt market this year to fund a budget deficit projected at 2.2 trillion Naira.

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