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Jama’atu Nasril Islam (JNI) has appealed for calm and restraint, urging Nigerians to pray and remain peaceful amidst the ongoing protests.
Protesters Attack APC Leaders in Jigawa, Set Party Headquarters on Fire
peaceful protest against hardships and hunger led by various youth groups in Katsina on Thursday, August 1, turned violent when police teargassed the demonstrators
Protesters on Thursday, August 1, clashed over the inclusion of Governor Ademola Adeleke’s name on placards during the “End Bad Governance” demonstration in Osogbo capital of Osun State.
Operatives of the Kano State Police Command have dispersed some youths who tried to break into a store along Zoo road in the state capital
Men of the Lagos State Police Command’s Rapid Response Squad have taken control of the Ojota area in Lagos, as of Thursday morning.
CNG) has voiced its appreciation of the Federal Government’s recent decision to sell crude oil in naira to domestic refineries, a departure
Politics
The Police in Jigawa have arrested an ex-convict for allegedly stealing a car in Jahun Local Government Area (LGA) of the state.
Oil theft: Troops Uncover Large-Scale Oil Bunkering Operations in Bayelsa, Rivers
Department of State Services (DSS) has refuted claims that its operatives raided the Nigerian Labour Congress (NLC) headquarters in Abuja.
Benue State has suspended Senator Gabriel Suswam, Terngu Tsegba, Richard Gbande, Terseer Tsumba and Professor Nicholas Ada, from the party.
Fed Govt Eyes $1bn from Sales of Dollar-denominated Bonds
The Federal Government of Nigeria has introduced its Series I Domestic USD Bond, aiming to raise a minimum of $500m from both local and international investors.
In an auction circular released, the government said it aims to double its initial offer, targeting $1bn in subscriptions through this bond auction.
However, this auction comes at a time when five of Nigeria’s Eurobonds were ranked among the worst performers in a Bloomberg index of emerging and frontier sovereign debt.
Recall that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, had earlier affirmed that it would issue $500m domestic foreign currency-denominated bonds in August.
Edun said the government needs to attract savings from Nigerians held abroad.
“We are using the Nigerian financial system, the Securities and Exchange Commission, the banking system, the investment bankers to issue $500m in the first instance that will be available and will attract foreign currency held by Nigerians abroad and anybody else who buys into the macroeconomic reform efforts of President Bola Tinubu,” he said in an interview.
The circular stated that the bond programme has a total size of up to $2.0bn, which can be upsized depending on the issuer’s discretion.
The bond has a five-year tenor, offering a medium-term investment opportunity for investors looking for stable returns.
It was also stated that the bond’s coupon rate is benchmarked to comparable FGN Eurobonds yields, ensuring competitive returns that align with international market standards.
Interest payments will be made semi-annually, providing regular income streams to investors and enhancing the bond’s appeal.
The bond offers bullet repayment at maturity in US dollars, ensuring full repayment of the principal amount at the end of the five-year term.
The bond is open to Nigerians and non-Nigerians resident in Nigeria, Nigerians in the Diaspora, and Qualified Institutional Investors
CDS), General Christopher Musa, has warned that military takeovers in West Africa pose a significant threat to democratic values and regional stability.
with even greater satisfaction that I now reflect on the result, which heralds a resounding victory for President Donald J. Trump and the Republican Party.
Health
Federal Executive Council (FEC) has set up a multi-ministerial committee to develop a transition and sustainability plan to mitigate potential funding disruptions, following the recent executive order by US President Donald Trump to reassess and realign foreign aid,
Politics
President Bola Tinubu has commended the former Governor of Ekiti State, Kayode Fayemi, described him as leader who contributed immensely to the development of the country
Lifestyle
President Bola Tinubu has commended the former Governor of Ekiti State, Kayode Fayemi, described him as leader who contributed immensely to the development of the country
(DAWN) Commission, Dr ‘Seye Oyeleye, has commended the immediate past Governor of Ekiti State and former Minister of Solid Minerals, Dr Kayode Fayemi, for his instrumental role in the establishment of the
Kayode Fayemi, former Governor of Ekiti State, is set to mark his 60th birthday in grand style, with a lineup of high-profile speakers, including former Presidents Thabo Mbeki of
The Police Command in the Federal Capital Territory (FCT), has detained a woman for allegedly abandoning her one-day old baby along a bush path in Abuja.
No fewer than three policemen and one suspect were killed in a fatal road accident that reportedly occurred on the Benin-Ore-Ijebu Ode Expressway in Ore, the headquarters of
National Bureau of Statistics (NBS) has reported over 25 million phone thefts between March 2023 and April 2024, according to its Crime Experience and Security Perception Survey 2024.
Lagos State House of Assembly under the Speaker, Mudashiru Obasa, spent at least N200million on Friday evening to organise a lavish end-of-year party for its members amid the gruelling economic hardship being faced by most residents in Lagos and nationwide.
News
The Police in Jigawa have arrested an ex-convict for allegedly stealing a car in Jahun Local Government Area (LGA) of the state.
former military head of state, General Ibrahim Badamasi Babangida (IBB), says the Muhammadu Buhari regime was overthrown because he was dissatisfied with the