MTN plans to list its Nigerian unit worth $5.23 billion by July in a debut IPO on the Lagos bourse and will raise fresh funds to reduce debt. MTN aims to raise at least $400 million from the IPO to pay preference shareholders and is preparing to file application to the Securities and Exchange Commission […]
Following the presentation of the N8.6 trillion 2018 Budget to the National Assembly two weeks ago, the Federal Government on Monday announced that it has priced its offering of US$3 billion aggregate principal amount of dual series notes under its US$4.5 billion Global Medium Term Note programme (increased from US$1.5 billion). The Ministry of Finance […]
Finance Minister, Mrs. Kemi Adeosun, has expressed confidence that the Federal Government’s revenue and debt management strategy would mitigate the country’s debt service risk and fast-track her development. The Minister, who welcomed the advice of Nigeria’s international development partners, including the International Monetary Fund, said the strategy would achieve a number of objectives that include: […]
The Civil Liberties Organisation (CLO), South East Zone has declared that fiscal recklessness under Governor Willie Obiano of Anambra State is second to none. The rights group in a statement issued on October 26, endorsed by its Chairman, Comrade Aloysius Attah, stated that in its quest for the enthronement of the nine core characteristics of […]
The Federal Executive Council on Thursday approved a tax relief scheme to attract private sector involvement in the provision of federal road infrastructure across the country. The approval was the outcome of a Memorandum for the setting up of a Road Trust Fund (RTF) presented by the Honourable Minister of Finance, Mrs. Kemi Adeosun, to […]
Finance Minister, Mrs. Kemi Adeosun, on Wednesday, revealed that the Federal Government would apply the sum of US$3 billion in refinancing the legacy debts of the immediate past government. The outlay is part of the US$5.5 billion foreign loan being sourced from the International Financial Markets. The Minister, who appeared on London based Arise TV’s […]
Nollywood star, Ramsey Noah, British-Ghanaian multi-talented actress, Ama Konadu Abebrese, Actress Sandra Seghers Mushid from the DRC, were on Monday unveiled as brand ambassadors of the Africa Cinematography Festival (ACF). The 6 days event is schedule to hold between November 5 and 11 this year across six venues in Lagos, the nation’s entertainment capital. Also unveiled […]
The United States Diplomatic Mission has called for an end to violence amid growing tension in the country. United States Mission to Nigeria said in a tweet on Friday that it is joining well-meaning Nigerians to sue for peace, calling for an end to violence in the country. The #OutOfManyOne is a Strength in Unity […]
The Nigeria Labour Congress (NLC) has appealed to the Federal Government and the National Assembly not to vote for the admission of Morocco into Economic Community of West African States (ECOWAS). Mr Ayuba Wabba, the NLC’s President, gave the advise on Tuesday in Abuja at the workshop of Organisation of Trade Unions of West Africa […]
Lagos State Governor, Mr. Akinwunmi Ambode has approved the implementation of the second phase of the CodeLagos Project, which will be launched in September 2017. The approval is coming on the heels of the successful implementation of the pilot phase of the project which has trained 5,464 students of primary and secondary schools across the […]