• Rice producers raise alarm over increased smuggling

    Rice producers raise alarm over increased smuggling

    Rice Processors Association of Nigeria (RIPAN) has raised alarm over the massive smuggling of finished rice into the country from the Republic of Benin, Niger and Cameroon.

    They alleged that their investigation have shown that the product are berthed and warehoused in the countries at very little import duties and then pushed into the Nigerian markets where they sell at exhorbitant rate.

    The Chairman RIPAN, Abubakar Muhammed, during a media briefing yesterday in Abuja pointed out that among countries in West Africa, […]

  • Bauchi girls quit schools to raise funds for their wedding – Lawmaker

    Bauchi girls quit schools to raise funds for their wedding – Lawmaker

    According to reports, the Chairman, House Committee on Women Affairs, Bauchi House of Assembly, Mrs. Maryam Begel, on Wednesday said that female students in some schools in the state were being withdrawn to engage in menial jobs to generate capital for their marriage.

    She said that an interactive session she had with 60 girls of a particular secondary school in the state revealed such practice.

    She said, “I had an interactive session with 60 girls of a particular tertiary school in Bauchi […]

  • I kidnapped my friend’s daughter to raise money for cosmetics – Suspect confesses

    I kidnapped my friend’s daughter to raise money for cosmetics – Suspect confesses

    A Ghanian, and her Edo State indigene friend, have been arrested for allegedly kidnapping a -nine-year-old girl.

    Detectives at the Special Anti-Robbery Squad (SARS), of the Lagos state Police Command, are interrogating the suspects, Miss Believe and Agatha.

    A mother of three, who claimed she had lived in Nigeria for 17 years, said she organised the abduction of the little girl to be able to raise money to shop for some of the most sophisticated cosmetics and make-ups.

    “I am a Ghanaian and […]

  • FG to raise N240bn in bonds in Q4 – DMO

    FG to raise N240bn in bonds in Q4 – DMO

    Nigeria has planned to raise between 250 billion and 340 billion naira ($794.91 million-$1.08 billion) in local currency-denominated bonds in the fourth quarter, the Debt Management Office (DMO) said yesterday.

    The debt office said it would auction between 90-120 billion naira worth of bonds maturing in 2021, 70-100 billion naira in the debt maturing in 2026 and 90-120 billion naira worth in the paper maturing in 2036.

    In its latest issuance calendar, the debt office said the bonds will be re-opened from […]

  • MTN plans bond sale to raise $1bn NCC fine

    MTN plans bond sale to raise $1bn NCC fine

    MTN Group has appointed four banks to organise fixed-income securities investors’ fora as it seeks fund to settle the $1 billion fine imposed by the National Communications Commission (NCC), among other pressing needs.

    The Johannesburg-based company said in a statement on Wednesday that it has mandated Barclays Bank Plc, Bank of America Corp.’s Merrill Lynch, Citigroup Inc. and Standard Bank Group Ltd. to arrange a series of fixed-income investor meetings in the US and the UK starting from tomorrow (Friday, September […]