NDDC to build new Police headquarters, barracks in Bayelsa

The Niger Delta Development Commission (NDDC) says it has concluded plans to construct a new headquarters and Police barracks for the Bayelsa State Police command. Bayelsa, an oil-rich littoral state, with an estimated gross domestic product (GDP) of more than $5.517 billion as of 2016, was created in 1996 by late Sani Abacha, an Army […]

Corporate governance standards aiding growth in Nigeria, others  – report

The latest joint study by the Association of Chartered Certified Accountants (ACCA) and KPMG has revealed that the standards of corporate governance code practiced by majority of African countries have enhanced their economic prosperity and growth. The report specifically noted that 14 African countries, including Nigeria are now well aligned with the Organisation for Economic […]

Fashola’s claims on 2017 budget misleading – Nigeria Senate

The Nigeria Senate on Saturday warned Babatunde Fashola, Minister of Works, Housing and Power, to desist from spreading falsehood on the 2017 Budget with regards to projects under his ministry. It said that in passing the Appropriation Bill, the legislators worked and applied equity in provision for new and outstanding projects across the country. In […]

FG sells five to 20-year bonds at 16.9%

The Federal Government through the Debt Management Office (DMO) sold five, 10 and 20-year bonds at a flat rate of 16.19 percent at an auction Wednesday. The DMO said the issuance of the bonds was to curtail borrowing costs and cash in on the declining inflation The debt office noted that it raised a total […]

CBN to auction N1.24trn treasury bills in two months

The Central Bank of Nigeria (CBN) debt calendar for the third quarter on Friday has shown that it will auction N1.24 trillion ($4.1 billion) worth of treasury bills at its open market operations beginning June 15 to August 31 2017. A breakdown of the auctions include N226.64 billion in 91-day bills, N311.32 billion in 182-day […]