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CBN FLOATS NEW CORPORATE BOND ISSUANCE PROGRAMME

The Central Bank of Nigeria (CBN) has floated a new corporate bond issuance programme. The issuance of the corporate bonds will support a long-term credit facility to Nigeria’s agriculture and manufacturing sectors. The spokesman for the CBN, Isaac Okorofor explained that deposited money in banks interested in providing credit financing[…]

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FG SAYS 69 PROJECTS ONGOING S SOUTH EAST

The Federal Government has countered the statement credited to the governors in the South-East that the region has been shortchanged in the implementation of infrastructural projects, saying there are 69 ongoing projects in the region alone. The Minister of Information and Culture, Lai Mohammed issued the rebuttal in Ilorin on[…]

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FEC approves N15.73bn road project in Enugu

The Federal Executive Council (FEC) has approved the sum of 15.7 billion naira for the road project linking Umana, Ndiagu-Agba-Ebenebe-Amansii-Awka-Umumba road section two in Enugu State. Minister of Power, Works and Housing, Babatunde Fashola disclosed this today while briefing State House correspondents at the end of FEC meeting presided over[…]

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IG WRITES OSINBAJO, REQUESTS TO SEARCH DAURA’S HOUSE

The Inspector-General of Police (IGP), Ibrahim Idris, has written to the Acting President, Yemi Osinbajo, seeking permission to search the residence of the sacked Director-General of the Department of State Services, Lawal Daura. In a letter titled Interim Investigation Report on Criminal Conspiracy to unlawful invasion of the national assembly[…]

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PDP PRAISES SARAKI, AHMED FOR RETURNING TO THE PARTY

The People’s Democratic Party (PDP) has praised Senate President, Bukola Saraki, kwara state Governor, Abdulfatah Ahmed, and Nigerian Ambassador to South Africa, Ahmed Ibeto for returning to the party after defecting from the All Progressives Congress(APC). In a statement signed by its National Publicity Secretary, Kola Ologbondiyan on Tuesday, PDP[…]

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