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FGN Bonds

Investors Stake N360bn on N150bn FGN Bonds for August

August 20, 2021
By Ashemiriogwa Emmanuel The N150 billion worth of Federal Government of Nigeria (FGN) bonds auctioned to investors for August on Wednesday recorded N360 billion worth of subscriptions, details of the exercise analysed by Business Post showed. The papers were on Wednesday, August 18, offered by the Debt Management Office (DMO) for sale at the local debt market in three maturities
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Crude Oil Prices

Oil Sinks Lower to $66 on Dampening Demand Expectations

August 20, 2021
By Adedapo Adesanya Oil dropped to $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise coupled with a stronger US Dollar. The circulation of the Delta variant in areas of low vaccination is driving transmission of COVID-19, the World Health Organization said, as coronavirus-related deaths have spiked in the United
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nigerian currency

Nigerian Currency Depreciates Further to N520/$1

August 20, 2021
By Adedapo Adesanya The Naira weakened for a second trading session at the unregulated segment of the foreign exchange (forex) market on Thursday, August 19. During the trading day, the Nigerian currency depreciated against the United States Dollar by N3 to trade at N520/$1 compared to N517/$1 it did on Wednesday. This devaluation of the domestic currency at the parallel
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UBN Property

UBN Property, Friesland Depress NASD by 0.11%

August 20, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) returned in the negative territory on Thursday after two securities dragged the market down by 0.11 per cent. At the close of the market yesterday, the NASD Unlisted Security Index (NSI) decreased by 0.83 points to 736.89 points from 737.72 points recorded at the previous session, while the market capitalisation reduced by N540
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Tax officials at NDDC headquarters

FG Laments IOCs $4bn Debt to NDDC

August 20, 2021
By Adedapo Adesanya The federal government has lamented the debt of $4 billion owed to the Niger Delta Development Commission (NDDC) by international oil companies (IOCs). This was made known by the Minister of Niger Delta Affairs, Mr Godswill Akpabio, on Thursday at the weekly ministerial press briefing organised by the Presidential Communications Team at the State House, Abuja. He
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Politics

Meet Africa Fashion Festival MAFEST

Nigeria’s Environment Ministry Endorses MAFEST

April 23, 2024
By Modupe Gbadeyanka The Meet Africa Fashion Festival (MAFEST) organised by Mena Communications Limited has received the endorsement of the Federal Ministry of Environment. The four-day international event will have an annual Eco-Friendly workshop as one of the programmes, which has pricked the interest of the Minister of Environment, Mr Balarabe Abbas Lawal. This part of the festival will provide
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Travel

Latest

Dettol Urges Nigerians to Imbibe Handwashing Habit

By Dipo Olowookere World’s leading antibacterial brand, Dettol, has called on all Nigerians to imbibe the handwashing habit as a day-to-day activity, a practice which will reduce the incidence of communicable diseases by 59 percent according to recent findings of the World
October 15, 2018

PHOTOS: FG Begins Verification of Ex-Nigeria Airways Workers

By Modupe Gbadeyanka The verification of former employees of defunct Nigeria Airways Limited commenced on Monday, October 15, 2018. The exercise is taking place simultaneously in three centres in Lagos, Kano and Enugu and will conclude on Monday, October 22, 2018. Information
October 15, 2018

N495b T-bills Mature as Analysts Predict Rise in PMA Rates

By Modupe Gbadeyanka On Thursday, treasury bills worth N494.8 billion will mature via the primary and secondary market, which will more than offset T-bills worth N147.63 billion to be auctioned by Central Bank of Nigeria (CBN) via the primary market. During the
October 15, 2018
SERAP

SERAP Rejects Travel Ban on 50 High-Profile Nigerians

By Modupe Gbadeyanka The Executive Order preventing about 50 high-profile Nigerians from travelling out of the country has been described as illegal and repressive by the Socio-Economic Rights and Accountability Project (SERAP). A statement issued by the group disclosed that the move
October 15, 2018
abdullahi ganduje collects bribe

VIDEO: Kano Governor Allegedly Puts Bribe Inside Pocket

By Dipo Olowookere After much wait, an online news platform, Daily Nigerian, has released the video it claimed it was in its possession showing Governor of Kano State, Mr Abdullahi Ganduje, allegedly collecting bribe worth $5 million from contractors executing projects in
October 14, 2018

Nigeria’s Parcel-it Secures Funds to Expand Business

By Dipo Olowookere An on-demand logistics start-up in Nigeria known as Parcel-it has obtained funding support from an investor based in Germany to expand its operations and reach out to more markets. The Germany-based investor, Greentec Capital, wants to assist the Nigerian
October 14, 2018
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