The Federal Government is planning to sell as much as $5.5bn of Eurobonds in the next three months to fund capital projects and replace naira-denominated debt, the Debt Management Office has said. Yields on existing bonds rose to the highest in two months. The new offer will bring the amount raised through Eurobond sales by […]

The Federation Account Allocation Committee on Thursday shared the sum of N637.7bn among the three tiers of government. The amount, which is for statutory allocation for the month of August, represents an increase of N169.9bn over the N467.8bn, which the committee allocated in the month of July. Addressing journalists shortly after the meeting, which was […]

The Federal Government on Thursday declared that state governments were beginning to neglect the provision of adequate water supply and sanitation, particularly in urban areas. It also stated that the neglect had further worsened water supply situation across the country, as access to potable water had dropped from 32 per cent in 1990 to seven […]

The police unit of the Securities and Exchange Commission has arraigned the BGL Group and its officials at the Chief Magistrate Court Zone 6, Abuja on charges of  criminal conspiracy, breach of trust and cheating. The offences are contrary to Sections 96, 312, 322 and 323 of the Penal Code Law, Chapter 89. SEC, in […]

Local manufacturers lose an average of $3bn annually due to the preference of Nigerian government and consumers for foreign goods. The President, Manufacturers Association of Nigeria, Dr. Frank Jacobs, disclosed this on Thursday in Lagos during a media parley to intensify campaign for made-in-Nigeria goods. The MAN president, joined by a consumer advocate and founder, […]