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Saturday, June 6, 2020

Business

Nigeria’s 5th EuroBond Oversubscribed By 450%

Nigeria has successfully priced its 5th Eurobond of $2.5 billion, following issuances in 2011, 2013 and two in 2017. In a heavily over-subscribed $1.25 billion 12-year and $1.25 billion 20- year series, the notes will be used for the refinancing of the...

GTBank Set to Sponsor 2018 Lagos International Polo Tournament

  Leading African Financial Institution, Guaranty Trust Bank plc, says it will sponsor the 2018 Lagos International Polo Tournament. "We love the game of polo, the passion and the symbiosis between the players and their horses, but most importantly, we hold a...

DMO set for next stage of refinancing domestic debt

The debt management office Thursday announced that the planned external financing of USD2.50 billion is for the refinancing of maturing domestic debt obligations of the Federal Government. It is not a new or incremental debt because it will not lead...

FG appoints StanbicIBTC, Citi bank, others to handle $2.5 billion Eurobond

The Buhari administration Wednesday announced the reappointment of a consortium of banks including Citi Group,  Standard Chartered, StanbicIBTC, Whitten-Case and African Practice to handle the $2.5 billion Eurobond. Minister of Finance, Kemi Adeosun, made the disclosure at the end of...

FG to heed private sector advice on the economy- VP Osinbajo

  Vice President Yemi Osinbajo, has assured that in other to attend the objectives of the Economic Recovery and Growth Plan (ERGP), the federal government will listen to what investors and private sector are saying and bend over backwards to accommodate...

Bitcoin value falls after CBN Governor’s warning

Bitcoin value plunged in Friday trading sliding below $8,000 after Nigeria's Central Bank Governor, Mr Godwin Emefiele, cautioned would-be investors in Nigeria to be wary of fraud and market manipulation in global cryptocurrreny markets. “We cannot as a central bank give...

Guide to Doing Business in Nigeria: licensing requirements and permits in selected sectors Debuts

The Federal  government  drive to improve the ease for doing business  has received a boost as investors and would-be-business owners now have a handbook on how to obtain licenses and permits when doing business in selected sectors in the...

Diamond bank set to reward over 4,950 customers with N433m in DiamondXtra Season 10

As part of efforts to reward loyal customers for trusting Diamond bank to serve them, the retail banking giant has set aside a whopping N433 million as the total prize money to be won in its Diamondxtra Season 10...

Amazing success tips resonate at inaugural Stanbic IBTC Youth Leadership Series

Living up to its theme, Against The Odds, the maiden edition of the Stanbic IBTC Youth Leadership Series provided a platform where three exceptional Nigerians spoke on the imperative of resilience, hardwork and perseverance to achieve individual, corporate and...

The Day in Pictures: Elumelu advocates for African youths, entrepreneurs at Davos

One of Africa's leading entrepreneur Mr. Tony Elumelu,  at a panel session "The State of Start-Ups " appealed to global leaders to give African youths a new form of support and not handouts.   Elumelu, who is an agenda contributor for the...
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Nigerian Government is committed to combating violence against women, girls – Agba

  Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, says that the Nigerian government is committed...
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NNPC alerts of contaminated diesel in circulation

    The Nigerian National Petroleum Corporation (NNPC) has alerted the public of contaminated diesel that is harmful to machines and environment being sold across the country. It...

COVID-19 : Organized Private Sector lauds CBN’s intervention in manufacturing and agribusiness sectors 

    The Central Bank of Nigeria's planned disbursement of N93.2 billion out of N1 trillion intervention fund for manufacturing and agribusiness sectors has received stakeholders' commendation.   The...

Subsidy removal: Petrol marketers now to fix pump price 

      In line with the new pricing regime for petrol, marketers are now free to fix the price of the commodity, the Petroleum Products Pricing Regulatory Agency...

Senate President Lawan leads Senate delegation on solidarity visit to Kalu

          Senate President Lawan leads Senate delegation on solidarity visit to Kalu after his release from Kuje Correctional Facility on Thursday