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Eurobonds: FG hires StanChart, J.PMorgan, others as advisers

The Federal Government on Wednesday activated plans to raise N2.343 trillion (about$6.2 billion) to finance part of 2021 appropriation deficit by hiring transaction advisers for Eurobond issuance. The Federal Executive Council (FEC) at a session on Wednesday endorsed institutions that will advise the government on Eurobond issuance, the Debt Management Office ( DMO) said in […]

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Transit: Benin slams N30bn surcharge on Nigerian goods

‘Action breaches ECOWAS Protocols, disrupts Nigeria’s competitive edge’ Nigerian manufacturers transiting goods to neighbouring countries in West Africa through Seme border have been asked to pay N30billion ($60million) by Republic of Benin government in order to gain access into the country and beyond. This is coming barely two years after the Federal Government shut the […]

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Oyo court restrains DSS, AGF from arresting, freezing Igboho’s bank accounts

An Oyo State High Court sitting in Ibadan, yesterday restrained the Department of State Services (DSS) and the Attorney General of the Federation (AGF), Abubakar Malami (SAN), or any of their agents, privies and any others howsoevercalled from “killing arresting, intimidating, harassing and freezing the bank accounts of the Yoruba nation agitator,Sunday Adeyemo, aka Sunday […]

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FEC approves $2.76bn for 20% stake in Dangote refinery

…okays $1.484bn for rehabilitation of Warri, Kaduna refineries The Federal Executive Council has approved $2.76bn for the acquisition of 20 per cent minority stakes by the Nigeria National Petroleum Corporation (NNPC) in Dangote Petroleum and Petrochemical Refinery. Minister of State for Petroleum, Timipre Sylva, disclosed this yesterday after the weekly Federal Executive Council (FEC) meeting […]

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Amnesty Int’l launches campaign to end Twitter suspension

Global human rights group, Amnesty International (AI), yesterday launched an online campaign geared towards pressuring the Federal Government to lift its indefinite suspension of Twitter in the country. The organisation said the suspension was unlawful and a further attempt by President Muhammadu Buhari to crack down on freedom of expression. According to the group, Nigerians […]

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Ugwuanyi to administrators: Relocate to your area for intelligence gathering

Determined to stem security challenges in the state, the Enugu State Governor, Ifeanyi Ugwuanyi has directed the newly sworn-in 68 Development Area Administrators to relocate to their areas and take charge immediately. This was as he directed that them to engage all traditional rulers, presidents of town unions, religious leaders, youth organisations, women organisations, the […]

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