J.P. Morgan returns Nigeria to bond index after 11 years

…$17.47bn FGN debt eligible…Nigeria gets 7.4% weighting By Emma Ujah, Abuja Bureau Chief ABUJA — Nigeria is set to attract fresh foreign capital into its domestic debt market following the decision by global investment banking giant, J.P. Morgan, to return Federal Government of Nigeria (FGN) bonds to its bond index under the newly introduced Government […]
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Dangote hails Tinubu over subsidy, FX reforms

LAGOS — President of Dangote Industries Limited, Aliko Dangote, has commended President Bola Ahmed Tinubu for removing fuel subsidy and reforming the foreign exchange market, describing the measures as bold steps towards repositioning Nigeria’s economy. Dangote spoke on Monday at the Nigerian Exchange (NGX) in Lagos while formally launching the Initial Public Offering (IPO) of […]

Delta governor did not remove councilor or arrest him — Ukwauni LGA chairman

By Efe Onodjae The Chairman of Ukwauni Local Government Council, Barrister Chiamaka Solomon Possible Ajede, has dismissed claims that the Delta State Governor, Sheriff Oborevwori, ordered the arrest or removal of a serving councillor, saying the councillor’s detention is a result of criminal proceedings instituted by the Police. Ajede made the clarification while reacting to […]

Tinubu orders release of funds to regional development commissions

By Soni Daniel Abuja: President Bola Tinubu on Monday directed the timely release of funds to the Regional Development Commissions, warning their boards and managements against corruption, waste and the execution of projects that do not directly benefit the people. Tinubu gave the directive while declaring open the first North Central Stakeholders Development Summit organised […]

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