• Nigeria to sell N95bn in bonds next week – DMO

    Nigeria to sell N95bn in bonds next week – DMO

    Nigeria plans to sell N95bn ($301.8m) of bonds on November 16, the Debt Management Office said on Friday.

    The office said it would sell N35bn of a bond maturing in 2036, and N25bn of paper maturing in 2026.

    Thirty five billion dollars of debt is maturing in 2021 using the Dutch Auction System.

    Results of the auction are expected to be released on the following day. All the bonds on offer are reopening of previous issues.

    Africa’s biggest economy issues sovereign bonds monthly to […]

  • Corruption: DSS to arraign accused Judges next week

    Corruption: DSS to arraign accused Judges next week

    It was gathered that the Department of State Services, DSS, will next week arraign seven judges it arrested across the country last weekend.

    DSS, it was gathered, will soon conclude investigations into the allegations against the suspects, even as the agency is also waiting for the National Judicial Council to take actions against them.

    A source said, “The ongoing investigation is not supposed to go beyond this week. We have written to the NJC about what has happened and we expect the […]

  • Lagos to begin disbursement of N25b Employment Trust Fund next week, says Ambode

    Lagos to begin disbursement of N25b Employment Trust Fund next week, says Ambode

    It was gathered that the Lagos State Governor, Akinwunmi Ambode, on Tuesday disclosed that the State Government would begin the disbursement of the much anticipated N25 billion Employment Trust Fund and other empowerment programmes initiated by his administration next week.

    Governor Ambode spoke at the 3rd Quarter 2016 Town Hall Meeting held at the Indoor Sports Hall, Teslim Balogun Stadium, Surulere.

    He said that funds for the programmes targeted to assist youths, artisans and the needy become self reliant have been provided, […]

  • Why naira will recover next week – Bureau de Change

    Why naira will recover next week – Bureau de Change

    The Association of Bureau De Change Operators of Nigeria, on Thursday, gave reasons to why the Nigerian naira will be on path of recovery from next week

    The association through its President Ahaji Amin Gwadabe in Lagos said it foresees the naira on the path of recovery by Monday due to the introduction of Travelex, a licensed Forex dealer.

    The president said the licensed Forex dealer would enhance transparency in the distribution network.

    Travelex, an international money transfer organization, was officially directed by […]

  • ASUU LAUTECH to begin strike next week

    ASUU LAUTECH to begin strike next week

    Academic activities at the Ladoke Akintola University of Technology, LAUTECH, Ogbomoso, will from next week be grounded as the university chapter of the Academic Staff Union of Universities, ASUU, has resolved to embark on an industrial action.

    Chairman of ASUU in the university, Dr. Biodun Olaniran, while speaking with journalists in Ibadan Thursday, said the decision to proceed on the industrial action was reached at the congress of the union held last Thursday following non-payment of five months’ salaries and 23 […]

  • Nigeria’s Olympic team leaves for USA next week

    Nigeria’s Olympic team leaves for USA next week

    The Nigeria Football Federation (NFF), has confirmed that the country’s team for the 2016 Olympic Games, will leave for their final training camp in the USA next week.

    Before then, Samson Siasia’s men are expected to play the U-23 national team of Mexico in Mexico on July 2.

    The game will be played in Aguascalientes Stadium, home ground of newly promoted top tier club, Necaxa FC.

    In the US, the team will take on Charleston Battery FC in Atlanta on July 16.

    A game […]

  • Contractors will resume work on Lagos-Ibadan Expressway next week – Fashola assures

    Contractors will resume work on Lagos-Ibadan Expressway next week – Fashola assures

    Babatunde Fashola (SAN), Minister of Power, Works and Housing, says contractors will resume work on the Lagos-Ibadan Expressway next week.

    Fashola, who spoke at the inaugural Buharimeter Town Hall meeting in Abuja on Thursday, said contractors had abandoned several projects because the last administration owed them money.

    The former governor of Lagos State said even though the Muhammadu Buhari-led administration had yet to release funds to the contractors, they were willing to return to site because they trusted the integrity of the […]

  • Pres. Buhari Set To Visit China Next Week

    Pres. Buhari Set To Visit China Next Week

    Amid the fuel scarcity and economic crisis, President Muhammadu Buhari will start a state visit to China from April 11 till 15.

    A major highlight of the visit will likely be signing a $2billion loan deal with China that will finance Nigeria’s badly-needed infrastructure projects.

    “I can’t tell you how much until the day the loan will be signed,” his spokesman, Femi Adesina said in an interview with Reuters.

    “Both countries will also be signing some bilateral agreements to strengthen their relationship, that […]