Policy

Nigeria to sell USD2.5 billion Eurobond
Policy

Nigeria to sell USD2.5 billion Eurobond

In its ambition to fund its budget deficit, Nigeria, Africa’s largest economy said it will be selling USD2.5 billion Eurobond. Disclosing the plan to Reuters, Patience Oniha, the director-general of the Debt Management Office, said the Eurobond sale will be carried out in the middle of November. Nigeria’s economy slipped […]

Debt forces Nigeria out of 90 World Organizations
Ination

Debt forces Nigeria out of 90 World Organizations

The Federal Government of Nigeria confirmed that the country has pulled out of 90 world organizations. Nigeria currently owes the organizations over USD100 million and its failure to meet the obligations has caused the country embarrassment, hence it has to pull out. As part of plans for the country’s exit […]

S&P affirms Nigeria’s ratings as stable
Policy

S&P affirms Nigeria’s ratings as stable

Standard & Poors Rating agency said it is affirming Nigeria’s sovereign affirmed at ‘B/B’; outlook stable. The rating agency said Nigeria’s stable outlook signals assessment that oil sector improvements will support higher economic growth, fiscal revenues, among other things. Nigeria’s stable outlook signals assessment that oil sector improvements will also […]

Nigeria issues NGN100 billion sovereign Sukuk
Policy

Nigeria issues NGN100 billion sovereign Sukuk

Africa’s largest economy, Nigeria has once again diversified its borrowing options by issuing a NGN100 billion Sukuk for local investors. According to a memo issued by the debt service office, the Sukuk bond will be used to fund road infrastructure. The bond will carry a seven-year tenor with a yield […]

Nigeria Police TV to go live by November
Policy

Nigeria Police TV to go live by November

Nigeria Police said it will float Nigeria Police TV, a public media venture to be managed under the Nigeria Police Broadcasting Service. The chief executive of the NPBS, Mr. Ediri Jerry Wesley said Nigeria Police TV will start operations through a fund-raising ceremony to be held at the International Conference […]