The Federal Government of Nigeria plans to issue its dollar-denominated domestic bond next week Monday, as it hopes to raise $500 million from local and foreign investors. Dr Gbadebo Adenrele, Managing Director, of Investment Banking, at United Capital Group, disclosed this during a hybrid roadshow with investors organised by the Debt Management Office (DMO) on Thursday. This is the first of its kind in the country, the bond offers bullet repayment at maturity in US dollars, with full repayment of the principal amount at the end of the five-year term.
Author: Spade Nigeria
The Economic and Financial Crimes Commission has released N50bn to support the Nigerian Education Loan Fund. This was disclosed by the anti-graft agency on Tuesday, August 13, 2024, when the Fund’s Managing Director and Chief Executive Officer, Mr. Akintunde Sawyerr, led his management team on a courtesy visit to the EFCC headquarters in Abuja. While Sawyerr noted that the Fund, an initiative of the President Bola Tinubu-led administration, was designed to provide funding for the education of indigent students, he lamented the poor development of youths in the nation’s education sector. The statement obtained on the EFCC’s website partly read,…
Dr. Doris Amaka Ochei is now the Patron Otu Umunwanne Catholic Women Association of St Charles Borromeo Catholic Church, Ubulu-Uku in Delta State. The investiture which held on Sunday, August 11, 2024 at the Church premises, attracted different Christian groups and denominations, friends, families and well-wishers to Ubulu-Uku, a town in Aniocha South Local Government Area of Delta State. This devout Christian woman and a believer in Christian charity as the highest form of love, continues to touch lives across different Christian denominations and faiths. This latest patronship in her kitty, is in recognition of her contributions to the work…
By Abel Johngold Orheruata Candidate of the Peoples Democratic Party (PDP) in the September 21 governorship election in Edo State, Dr Asue Ighodalo, on Wednesday reiterated his vision and plan to make the state a first world sub-national sovereign and that his administration if elected would need the support of the sons and daughters of Edo State to realize the vision. He stated this at the second leg of the Town Hall Meeting with the Edo Diaspora in the United States which was held in Houston, Texas. Ighodalo, who alongside his wife, Mrs Ifeyinwa Ighodalo, running mate , Osarodion Ogie…
By George Etakibuebu There can only be one reason why Adams Oshiomhole is shamelessly trying so very hard to impose a complete mediocre who does not know the difference between a Zoo and a Museum on the good people of Edo State as their next governor – it is greed and selfishness. A Third Term Agenda. That’s all. Not love for the people of Edo State. A man with conscience would ordinarily break down in complete shame and tears after reviewing the video footage of Tuesday’s Edo South Campaign of the All Progressives Congress (APC) in Benin City. It beats…
By Pat Gbemudu 100 indigenes of Afiesere community in Ughelli North Local Government Area of Delta State have been adopted and enrolled into the Delta State Contributory Health Insurance Scheme, courtesy of the newly inaugurated President-General of the Central Executive Committee of Afiesere Community, Mr. Luke Umukoro. The beneficiaries, comprising the young and elderly, and registered under the Indigent Enrollee Adoption Initiative of the Delta State Contributory Health Commission (DSCHC), will now enjoy free healthcare services for one year. While informing the people of the various health plans and initiatives of the Commission at Ughelli, the venue of the inauguration…
By George Etakibuebu In Edo State, former governor and current sitting senator, Adams Oshiomhole, is easily the master of the politics of character assassination. He does it with a closed, dead mind, damning whatever the consequences could be, both for him and whoever he chooses to attack. Janus faced, forked tongued, smooth talker and highly unpredictable, Oshiomhole displays an uncommon negative energy, inherent vindictiveness with uncanny petty jealousies whenever he is possessed by the evil demon of running others down. When it comes to politics, Oshiomhole is as slippery as an eel and as dangerous as a serpent. No lie…
The federal government has paid the 45-month minimum wage arrears owed to the staff of the Nigerian Meteorological Agency (NiMet). The non-payment of the arrears which dates back to 2019, has led to friction between NiMet management, the staff of the agency, and the labour unions. The Director General of NiMet, Prof. Charles Anosike, thanked President Bola Tinubu for authorising payment of the arrears. The union had planned to embark on industrial action on Monday, May 20, 2024. They, however, suspended the proposed strike after an agreement was reached on Sunday, May 19, 2024, during a special session convened by…
It was applause galore as Dr Asue Ighodalo, candidate of the Peoples Democratic Party (PDP) in the September 21 governorship election in Edo State, engaged Edo Diaspora Community in Atlanta, Georgia, United States on Monday. The fully parked Holly Springs Road, Marietta Hall, marked the first of a three legged Town Hall Meeting across the US. The remaining two are billed for Houston,Texas and New York. Ighodalo who arrived at the venue to a rousing welcome in the company of his wife, Mrs Ifeyinwa Ighodalo and running mate, Osarodion Ogie Esq, and others, explained in detail his vision for Edo…
The National Orientation Agency (NOA) has strongly condemned the action of one Mrs.Favour Igiebor, who allegedly tore her husband’s International Passport at the Murtala Mohammed International Airport in Lagos, saying her action constitute an affront against the law of the Federal Republic of Nigeria. The Director General of the Agency, Mallam Lanre Issa Onilu said that in furtherance of NOA national identity project campaign, especially as it relates to the National symbols, the Agency will support moves by the Nigerian Immigration Service (NIS) to investigate and prosecute such breach in line with section 10 (B) of the Immigration Act, 2015…