archiveMarch 29, 2017

The Federal Republic of Nigeria on Wednesday announce d that it has priced its offering of US$500 million aggregate principal amount of notes at a yield of 7.5 per cent under its US$1.5 billion (increased from US$1 billion) Global Medium Term Note Programme, which will be consolidated and form a...

Vice President Prof. Yemi Osinbajo, SAN, will be attending the Organisation for Economic Cooperation and Development, OECD's Anti-Corruption & Integrity Forum holding in Paris this week from March 30-31. Concerned that "corruption and abuse of public office are a blight on democracies and a drain on public finances and with...

The Central Bank of Nigeria (CBN) has approved the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conveyed in a letter addressed to the Managing Director/Chief Executive...

Nigeria plans to sell 234.89 billion naira ($765.99 million) of short-dated treasury bills at an auction on April 6, the Central Bank of Nigeria (CBN) said on Wednesday. The apex bank said it plans to sell 35 billion naira of three-month debt, 33.49 billion of six-month bills and 166.40 billion...

The Central Bank of Nigeria (CBN) has licenced Development Bank of Nigeria (DBN) of the Federal Ministry of Finance. Details later....

FMDQ OTC Securities Exchange (FMDQ) as quoted UACN Property Development Company Plc’s ₦7,284,198,000.00 Series 4-11 Commercial Paper (CP) Notes under its ₦24.00bn CP Programme; and the Nigerian Breweries Plc’s ₦2,223,708,000.00 Series 10 CP Notes under its ₦100.00 billion CP Programme on its platform. In support of the growth of the...

• Security: N/Delta group lauds dickson Bayelsa State Governor, Hon. Seriake Dickson has continued to receive thumbs-up for putting world-class infrastructures in place, to drive the socio-economic development process of the state, despite its financial and environmental challenges. Members of the Peoples Democratic Party (PDP) Reconciliation Committee, including former Minister...

The Registrar of the Joint Admissions and Matriculation Board (JAMB), Prof. Is-haq Oloyede, on Wednesday said the agency may reduce the timeline for the Unified Tertiary Matriculation Examinations (UTME) from three hours to two hours. He also said the question papers will be uploaded five minutes to the examinations in...

Keystone Bank has announced the appointment of Umaru Modibbo as board chairman and Hafiz Bakare as the acting Managing Director of the bank. The appointments, which become effective on April 1, came less than a week after the bank was handed over to new investors by the Asset Management Corporation...

The Senate, on Wednesday, suspended former Majority Leader, Senator Ali Ndume, for six months for not “making due diligence” before filing a petition against the President of the Senate, Senator Bukola Saraki and lawmaker representing Kogi West Senatorial District, Senator Dino Melaye. Senate Committee on Ethics, Privileges and Public Petitions...