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  • Naira falls to N1,620/$ in parallel market

    The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Inc., to guide its forthcoming Eurobond issuance. It also appointed Standard Chartered Bank and the Lagos-based financial advisory firm Chapel Hill Denham to consult on this venture.…

  • FG plans fresh borrowing via Eurobond in June

    The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Inc., to guide its forthcoming Eurobond issuance. It also appointed Standard Chartered Bank and the Lagos-based financial advisory firm Chapel Hill Denham to consult on this venture.…

  • Japa: Doctors fault FG ban on leave of absence

    The Nigerian Association of Resident Doctors and the Joint Health Sector Unions have faulted the Federal Government’s ban on the issuance of leave of absence to health professionals going abroad. NARD and JOHESU said the Federal Government should rather address the pull factors making health workers migrate abroad in search…

  • School abduction: FG rules out ransom payment, considers US offer

    The Federal Government, on Wednesday, said it would not pay “a dime” as ransom for the release of over 280 pupils and teachers kidnapped from the Government Secondary School and LEA Primary School at Kuriga, Kaduna State. The Federal Government also said it had received offers of help from the…

  • Gunmen who kidnapped 287 school children in Nigeria say they will kill them all if $622,000 ransom not paid

    Gunmen who kidnapped at least 287 school children in Nigeria last Thursday have demanded a ransom of 1 billion naira ($621,848) and threatened to kill all of the students if their demands are not met, a member of the local community told CNN on Wednesday. “They called me from a…

  • Nigeria’s crude oil output drops 7% to 1.3m bpd 

    Despite efforts of the federal government, to increase oil production, the nation’s output, excluding condensate, dropped month-on-month, MoM by seven per cent to 1.3 million barrels per day, bpd in February 2024, from 1.4 million bpd in January 2024 Organisation of Petroleum Exporting Countries, OPEC, disclosed this in its March Monthly…

  • FG postpones students loan launch indefinitely

    The Federal Government has postponed the launch of the Nigerian Students Loan Scheme indefinitely. The Executive Secretary of the Nigerian Education Loan Fund, Akintunde Sawyer, made this known during an interview with ARISE NEWS on Tuesday. In June 2023, President Bola Tinubu signed a bill to start a Students Loan…

  • Traditional rulers part of govt, Jimoh Ibrahim backs N7.61bn empowerment for monarchs

    Senator Jimoh Ibrahim, has defended the capture of traditional rulers in the 2024 budget, saying the monarchs are integral part of the government. Ibrahim stated this in an interview on Channels Television’s Politics Today on Tuesday. Recall that the 2024 budget had allocated the sum of N7.61 billion for the…

  • ‘I am sad,’ Okonjo-Iweala calls on FG to recover abducted Kaduna, Sokoto students

    Director General of the World Trade Organization, Ngozi Okonjo-Iweala has called on the federal government to secure the release of the students abducted by bandits in Sokoto and Kaduna states. Okonjo-Iweala, while speaking in Abuja on Tuesday at the launch of the WTO-ITC 2024 technical assistance programme for Nigeria, expressed…

  • Don’t act like Buhari, negotiate with bandits, Gumi tells Tinubu

    Kaduna-based Muslim cleric, Sheikh Ahmad Gumi, on Tuesday, sought government’s permission to approach and have talks with bandits who abducted about 287 schoolchildren from Kuriga Government Secondary and LEA Primary Schools in the Chikun Local Government Area of the state. The Islamic cleric insisted that dialogue was the way to…

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