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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.
Bola Tinubu has pleaded with Nigerians to be patient with his administration, assuring the country is about to enter a new dawn.
), Mele Kyari, has declared that he will reveal the truth about the company’s operations when the time is right.
Over $10 billion is being invested by state governments and private sector companies in the development of new deep and river
How Soldier’s Warning Shot Kills Teenage Protester in Zaria– Army Spokesman
Politics
Supreme Court has overturned the decision made by the Court of Appeal in Abuja, which acknowledged Julius Abure as the National Chairman of the Labour Party (LP).
Nigerian businessman and philanthropist, Tony Elumelu, has urged the federal government and security agencies to reveal the identities of those responsible for the massive theft of crude oil in Nigeria, particularly through vessels moving in and out of the country’s territorial waters.
The West African Examinations Council (WAEC) has withheld results of 215, 267 candidates, who sat for the 2024 West African Senior School Certificate Examination (WASSCE) (School Candidates) over alleged malpractice.
The Federal Government on Monday has called on local and international investors to partner with the Defence Industries Corporation of Nigeria (DICON) to enhance domestic production of military arms and equipment.
Nigerian singer Seun Kuti has chastised the Nigerian government for failing to invest in sports, noting the country’s dismal performance in the previous Olympics.
The Nigeria Immigration Service has launched a probe into an incident involving the destruction of a Nigerian passport at the Murtala Muhammed International Airport, Lagos.
Hon. Ogah is a versatile politician whose voice sonoriously stands out in the interest of Nigerians at the Green Chamber. He represents not just his people, but the heterogeneous Nigerian masses across the six geopolitical zones.
Health
National Agency for Food and Drug Administration and Control (NAFDAC) has destroyed counterfeit, substandard, and expired pharmaceutical products worth over N1 trillion at the Anambra State Waste
Politics
Recently, I wrote about my admiration for Islam, prophet Muhammad, Sallallahu Alayhi Wasalaam, and Muslims, and my piece, which went viral, raised many questions even as it answered some.
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
Supreme Court has overturned the decision made by the Court of Appeal in Abuja, which acknowledged Julius Abure as the National Chairman of the Labour Party (LP).
Gunmen have reportedly killed at least 10 residents of five communities in Bokkos local government area of Plateau state.