No doubt, Africa is rising. And one of the special purpose vehicles for this is the Tony Elumelu Foundation, TEF Entrepreneurship Programme – celebrated as the only African funded entrepreneurial catalyst of its kind. On January 1, 2019, the foundation began to accept online applications for the fifth circle of the programme from where 1,…
Student of Int’l High School, Sapele Emerges Winner of UBA National Essay Competition
A 14-year old student of the International High School (IHS) Sapele, Delta State, Omesiri Divine Odjegba has emerged as winner of the 2018 edition of the UBA sponsored annual national essay competition for senior secondary students. The prize is worth two million Naira. It was a very keen contest that involved 12 finalists shortlisted on…
Miss World 2018: Nigeria’s Representative, Anita Ukah Set To Conquer the World
The stage is set for Nigeria’s representative, Anita Ukah’s Head To Head challenge, which is the first round in the Miss World 2018 contest. Anita was drawn in group five and will be going head against Canada, Gibraltar, Dominican Republic, Scotland, and Jamaica. For the challenge, each contestant has prepared an introduction after which they…
12 Finalists Emerge in UBA Foundation Essay Competition
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa, UBA Plc, has announced the twelve finalists for the 2018 edition of its annual National Essay Competition. The 12 finalists will sit for the second round of the competition, where three winners will emerge after undergoing supervised essay writing on a different…
Why CBN Revoked Skye Bank License
The Central Bank of Nigeria, CBN says it revoked the license of Skye Bank after examinations and forensic audit that revealed that the bank requires urgent recapitalisation. Godwin Emefiele, Governor of the CBN also disclosed that Skye Bank can no longer continue to live on borrowed times with indefinite liquidity support from the CBN. According…
GTBANK Food and Drink Fair Ends With a Flourish
The event is the sort that lingers in the memory long after it has held. Different International chefs from around the world, witnessed the event tagged -Gtbank Food and Drink Fair 2018. The annual fair which lasted from April 29th to May 1, held at Oniru-Lekki, Lagos. Its aim is to connect buyers and sellers…
Frequently Asked Questions on Nigeria’s Eurobond Issuance
How much has Nigeria raised in the international capital markets and at what price? Nigeria has raised a total of US$3 billion. The Notes comprise a US$1.5 billion 10-year series and a US$1.5 billion 30-year series. The 10-year series will bear interest at a rate of 6.5%, while the 30-year series will bear…
Nigeria Floats US$3bn Dual-Tranche Bond to Fund 2018 Budget
Following the presentation of the N8.6 trillion 2018 Budget to the 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…
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