archiveOctober 2016

Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy. The bond issue -- the first time Saudi Arabia has turned to international markets for financing -- was hailed as historic by investors and...

Arik Air, one of Nigeria's leading airlines, plans to raise as much as $1 billion through a Private Placement next year and then a possible Initial Public Offering (IPO) in Lagos and London, its Managing Director told Reuters. According to Reuters’ report monitored by Business247 News Online,the airline wants to...

The global multi-disciplinary professional consulting conglomerate, PwC Nigeria would be facilitating a forum of over 3,000 experts on project development and finance in Calabar. The programme which is the forum of Education Sector Investment Promotion Initiatives (EDU-INVEST) Nigeria has been scheduled for between November 1 and 3 2016. PwC has...

His Excellency, President Muhammadu Buhari, has approved a number of Ecological Fund Intervention Projects for the fourth quarter of 2016. According to a press statement in Abuja on Thursday signed by the Director (Press) to the Secretary to the Government of the Federation, Mr. Bolaji Adebiyi, the approved projects which...

Turaki Adamawa, former Vice President of Nigeria and a chieftain of the All Progressive Congress (APC), Alhaji Atiku Abubakar, has expressed delight on the Sokoto State government's Right to Education Bill. Atiku on his Twitter handle on Thursday said: “I am delighted by the Sokoto State government's Right to Education...

As the Senate probe into $13.9 billion allegedly transferred from the country by the nation’s leading telecommunications company, MTN, begins, there were indications on Thursday that   the amount involved may be far more that what was envisaged. A lawmaker said the amount involved is "mind boggling" and that it may...

Nigeria sold N81.47 billion ($267.55 million) in short-dated treasury bills at an auction on Wednesday, with mixed yields, data from the central bank showed on Thursday. The Central Bank of Nigeria (CBN) had proposed to sell N138.16 billion worth of the debt in its initial announcement. A total of N20.92...

Mrs Dame Patience Jonathan, wife of former Nigerian President has explained in details how she accumulated in 15 years $15million in several bank accounts linked to her by the Economic and Financial Crimes Commission (EFCC). The explanation was given in court papers filed by a group that has sued Socio-Economic...

Hires forensic lawyers, accountants, others Investigations  by the Senate into the alleged illegal repatriation of $13.9 billion by the MTN has begun as the upper chamber  disclosed that it has hired international forensic lawyers, accountants and other experts to assist in the investigation which begins on Thursday. The Chairman of...

Trading transactions on The Nigerian Stock Exchange (NSE) on Wednesday continued on its downward trend that week opened with on Monday with the indices dropping by 0.28 per cent The volume of shares traded declined by 46.87 per cent while the Market Capitalisation closed at N9.438 trillion against N9.464 trillion...