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  • September 7, 2016

F.G To Raise 120 Billion Naira At Bond Auction

Hamilton Nwosa
Writer

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Northern governors, traditional rulers say central police system failing, call for state police

By Obinna Uballa Northern governors and traditional rulers have reiterated that Nigeria’s centralized policing system is insufficient to meet the security needs of a nation with over 200 million people and extensive ungoverned areas. The leaders emphasized the urgent need for state policing reforms to curb escalating insecurity across the region. The call was made…

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Nigeria’s IMO comeback after 14 years “a triumph for maritime sector” — SIFAX Group

By Obinna Uballa SIFAX Group has applauded the Minister of Marine and Blue Economy, Gboyega Oyetola, following Nigeria’s return to the International Maritime Organisation (IMO) Council after a 14-year absence. In a congratulatory letter signed by the Group Head of Corporate Communications, Olumuyiwa Akande, the Group’s Chairman, Dr Taiwo Afolabi, hailed the return as a…

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Ex-Perm Sec Joe Keshi Slams Tinubu’s Ambassadorial List, Says Some Nominees Should Be in Prison

By Abiola Olawale ​President Bola Tinubu’s recent ambassadorial list has ignited a firestorm of controversy, with former Permanent Secretary of the Ministry of Foreign Affairs, Ambassador Joe Keshi, delivering a scathing critique. Keshi stated that some individuals nominated by the President are unfit for diplomatic service and, startlingly, suggested they "should be in prison." Keshi,…

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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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