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Benin Republic surprises with oversubscribed $750m debut Eurobond
Benin Republic’s first-ever dollar denominated bond- a $750 million issue- was oversubscribed to the tune of $5 billion on Wednesday as investors lapped up the debt of the small West African nation. Romuald Wadagni,…
INC, stakeholders decry fresh face-off in Rivers
•Warn against another impeachment move against Fubara The Ijaw National Congress (INC) and some stakeholders in Rivers State…
MAN kicks against NAFDAC’s ban on sachets alcohol
The Manufacturers Association of Nigeria (MAN) has expressed concern over the recent ban imposed on spirit drinks in sachets and PET bottles less than 200ml. According to Segun Ajayi-Kadir, director general at MAN, “Going…
Cardoso signals return to orthodox monetary policy as T-bill yield doubles
…FPIs stage return …Boost for naira as higher interest rate set to lure dollars …Investors to rotate from stock market to fixed income The…
FBN Holdings posts FX loss of N350bn in 2023
FBN Holdings, one of the biggest banks in Nigeria, has reported a foreign exchange loss of N350.3 billion last year compared to a gain of N22.4 billion in 2022,…
Anti-corruption groups warn EFCC against political witch hunts in Bello’s case
Over 300 anti-corruption activists have warned the Economic and Financial Crimes Commission (EFCC) against using the agency for “political witch-hunts” after it filed charges against former Governor Yahaya Bello.…
State Intelligence Uncovers Plot to Pit Northern Senators Against Masses
High-ranking intelligence sources have revealed attempts to sow discord between the Nigerian public and Northern Senators, claiming to have unravelled a “fabricated”…
AFCON: You’ve Made Nigeria Proud, Tinubu Hails Super Eagles
President Bola Ahmed Tinubu has congratulated the Nigerian national team, following Nigeria’s Super Eagles’ victory over South Africa’s Bafana Bafana in the ongoing 2024 CAF African Cup of Nations Semi-Final match on…
Vote Delaying Senegal Presidential Poll ‘Not Legitimate’ – U.S
The US State Department said a vote by Senegal’s parliament to delay presidential elections until December “cannot be considered legitimate”, urging the country to move forward with the election “in accordance with the…
Correctional Service Paid N232million Death Claims In 2023 – CG
The Nigerian Correctional Service (NCoS) has paid ₦232,500,280 to the family of 163 deceased officers between January 2023 and December 2023. The Controller General of… The Controller General of NCoS, Haliru Nababa,…
Abuja Under Threat — Senate
The Senate on Wednesday expressed worry over insecurity, declaring that the nation’s seat of power was under threat. Senate President Godswill Akpabio said the Federal Capital Territory (FCT) had been infiltrated,…
Lagos Pastor, Wife Remanded For Alleged N33.8m Fraud
The Pastor of Kingdom Power International Christian Praying Centre Ishashi, Lagos, Azuka Ohez and his wife, Mary Ohez, have been remanded by a Sabo-Yaba Chief Magistrates’ Court Lagos. The couple were remanded on…
EFCC clamps down on firms for issuing invoices in dollar
Agency arrests suspects in Lagos, PH, Kaduna Varsity proprietors summoned The Economic and Financial Crimes Commission (EFCC) yesterday joined the battle to halt…
AFCON: Nwabali wins Man Of The Match against South Africa
Super Eagles sensational goalkeeper, Stanley Nwabali, was named Man of the Match after saving two penalties in Nigeria’s 4-2 victory against South Africa at the Africa Cup of Nations semi-final cracker in Bouake. The…
AFCON 2023: Osimhen starts as Peseiro makes one change to Super Eagles vs Bafana
Super Eagles head coach, Jose Peseiro has made one change to his starting line-up for his side’s semi-final clash with South Africa. Left-wing back Zaidu Sanusi has been ruled out of the game with injury. Fenerbahce…
IMPI fault Atiku over criticism on payment of NNPCL proceeds to CBN account
The Independent Media and Policy Initiative (IMPI) has faulted the former Vice President Atiku Abubakar critical stance on the payment of the proceeds of the Nigeria National Petroleum Corporation Limited (NNPCL) to the…
We issued over two million passports to Nigerians in 2023, says Immigration
The Nigeria Immigration Service (NIS) has said that it issued more than two million passports to Nigerians in 2023. Comptroller-General of Immigration, Caroline Wura-Ola Adepoju, disclosed this, yesterday, during a…
Court grants Lagos businessman ownership of contentious Ikoyi property
Justice Elizabeth Idowu Alakija of a Lagos High court has granted a Lagos- based businessman, Felix Ezeamama, ownership of a property situated along Alfred Rewane Road, Ikoyi, after a prolonged legal battle. Alakija,…
FCMB Launches Accelerator Programme to Empower One Million SMEs
First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized enterprises (SMEs) in…
Prince Harry to fly back to UK to visit his father after cancer diagnosis
The Duke of Sussex, Prince Harry, has spoken with the King about his cancer diagnosis and will travel to the UK to see him in the coming days, a source close to the Prince has said. Harry is expected to return to …
EFCC freezes N3b traced to Sirika’s brother’s account
‘Ex-minister’s civil servant sibling failed to execute N8.06b contracts’ The Economic and Financial Crimes Commission (EFCC) yesterday quizzed Abubakar Ahmad Sirika over an alleged…
Importers, clearing agents, others kick against duty hike
Stakeholders in the maritime industry have decried the new Customs duty exchange rates, labeling it as oppressive and anti-people The stakeholders who spoke with The Nation in separate interviews condemned the hike in…
Messi match organisers to refund $2 million gov’t funding
Organisers of a Hong Kong football match which drew boos after star man Lionel Messi failed to play they deeply regretted the no-show, and would withdraw a bid for a HK$16 million ($2 million) government grant. Tatler…
Senegal shuts down internet amid presidential poll postponement protests
Internet access has been temporarily cut in Senegal after some citizens took to the streets to protest President Macky Sall’s postponement of the presidential election. In a statement on Monday, the ministry of…