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Naira Rises as Nigeria Settles Eurobond Obligation The Nigerian naira rallied across the foreign exchange market Wednesday after the Federal government settled matured 10-year Eurobond obligation worth $500 million. With the positive sentiment in the forex market, the Naira appreciated against the United States dollar, sold at N782.49 at the investors’ and exporters’ window. The […]

ThisGirlInvests: United Capital Promotes Financial Inclusion for Women United Capital Asset Management Ltd., a subsidiary of United Capital Plc, has unveiled the ‘ThisGirlInvests’ campaign to promote financial independence and security for women. Mrs Odiri Oginni, the Managing Director of United Capital Asset Management Ltd., said this in a statement on Wednesday in Lagos. Oginni said […]

Tinubu Reassures Nigerians of Palliative for Subsidy Removal President Bola Tinubu, on Wednesday in Abuja, assured Nigerians that the framework for palliatives to remedy the effects of fuel subsidy removal was being worked out. Tinubu explained that the decision to phase out the subsidy was taken in the best interest of the country, and to […]

Nigeria Redeems $500m Eurobond Nigeria has redeemed a 500 million dollars10-year tenor Eurobond with the due date of July 12, 2023. In a statement, Nigeria’s Debt Management Office (DMO), said the matured Eurobond was issued in July 2013 as part of a dual-tranche one billion dollars Eurobond for a tenor of 10 years at a […]

The House of Representatives has called on the Joint Admissions and Matriculation Board to allow its Unified Tertiary Matriculation Examinations (UTME) results to be valid for at least 3 years and should conduct entry exams at least, twice annually. This followed the adoption of a motion by Hon. Akintunde Rotimi at plenary on Wednesday. Moving […]

For the second time in a week, the Independent Corrupt Practices and Other Related Offences Commission, ICPC, has arraigned an Assistant Director in the Office of the Accountant-General of the Federation, OAGF, Mr. Yildiyel Musa Takat over fresh allegations bordering on fraud and employment racketeering. The defendant was dragged before Justice A. A. Fashola of […]

The Senate has begun a probe into what it described as the Alarming Cases of Delays in Payment and Allegations of Corruption associated with the Capturing and Payment of newly recruited University Staff under the Integrated Payroll and Personnel Information System (IPPIS). Against this backdrop, the Senate has asked its Committees when constituted to immediately […]

*Re-Affirms Commitment To Meeting Debt Service Obligations The Federation government, yesterday, redeemed its $ 500 million Eurobond. According to the Debt Management Office, the Eurobond which was redeemed on it’s due date was a reaffirmation of Nigeria’s commitment to meeting its debt service obligations. The Eurobond was issued in July 2013 (as part of a […]

The Direct Admission to Fellow programme has been announced with pleasure by the Institute of Chartered Mediators and Conciliators (ICMC). Please find below the qualifying criteria: 1. Members of the Institute of Chartered Mediators and Conciliators who have maintained membership (MICMC) for a minimum of five (5) years 2. Serving and Retired High Court Judges, […]

The Speaker of the House of Representatives, Rep. Tajudeen Abbas, says contrary to insinuations, the lawmakers are not as rich as being projected to the public. Rep. Kingsley Chinda, the Minority Leader of the House, representing the speaker, said this at an interactive session with the House press corps organised by the ad hoc committee […]

Senate Probes NNPCL’s Subsidy Regime The Senate on Tuesday constituted an ad hoc committee to investigate the fuel subsidy regime of the Nigerian National Petroleum Company Limited (NNPCL) this followed the adoption of a motion by Sen. Patrick Chinwuba (APC-Imo) during plenary on Tuesday. The motion was tagged “Need to Investigate the Controversial Huge Expenditure […]

NGX Rises by N580bn as Dangote, BUA Cement Rally Fuelled by improved sentiment, the Nigerian Exchange (NGX) equities segment recorded more than N580 billion daily gain on Tuesday as Dangote and BUA Cement rallied.  Buying interest in the cement names fuelled a significant uptrend reported in the local bourse with support seen from lightweight companies […]