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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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Speech Delivered By The Senate President On The Presentation Of The 2018 Appropriation 7th November 2017

SPEECH DELIVERED BY THE PRESIDENT OF THE SENATE, FEDERAL REPUBLIC OF NIGERIA, HIS EXCELLENCY, SENATOR (DR.) ABUBAKAR BUKOLA SARAKI (C.O.N) ON THE PRESENTATION OF THE 2018 APPROPRIATION BILL – 7TH NOVEMBER, 2017. PROTOCOL. 1. Mr. President, on behalf of my colleagues, Distinguished Senators of the Federal Republic of Nigeria and Honourable Members of the House of Representatives, I welcome

Kemi Adeosun Photo

Nigeria Is Not An Oil Economy

    Descriptions of Nigeria’s economy often include such phrases as ‘Africa’s largest oil producer’ and ‘the oil rich African nation’ but oil economies are typically characterised by low population densities and abundant oil resources.  Saudi Arabia with 10 million barrels of oil per day and 30 million people, Kuwait with 2.7 million barrels of

A Green Initiative For Nigeria

As a company, Green Nation, seeks to educate and enable Nigerians maximize the gains in the agriculture sector. Towards that end, the company organizes a weekly seminar in Ikeja, Lagos.  The initiative, which began in April, 2017 continues to gather momentum as more people join to learn modern trends in agriculture. To benefit, prospective members are

Nigerian Breweries Rewards Journalists

It was a night of reward for Nigerian journalists who have distinguished themselves especially in  agriculture reporting, at the 9th edition of the Nigerian Breweries Golden Pen Award, an annual event organized by Nigerian Breweries Plc, NB Plc. The 2017 edition was held on Friday night at the Eko Hotel Lagos, and it was entitled:”Agriculture, Local Sourcing and Industrial Development”. In his

World Bank Photo

World Bank Meeting: Nigeria Wins Youth Development Initiative

    Nigeria has for the second successive year, been declared winner of the Ideas for Action initiative, a youth competition on financing for development, which is yearly organised by the World Bank Group in collaboration with the Zicklin Center for Business Ethics Research. Reports from Washington, venue of the annual meetings of World Bank

Kemi Adeosun Photo

FG To Spend N100bn Sukuk Bond Proceeds On 25 Road Projects

The Federal Government has released the proceeds of the N100 billion Sukuk bond to 25 key economic road projects of the Federal Ministry of Power, Works and Housing across the country. Finance Minister, Kemi Adeosun, on Thursday, handed over the N100 billion proceeds cheque to the Minister of Power, Works and Housing, Babatunde Fashola at

Akinlola, Ntel new CEO, Photo

Ntel Appoints Ernest Akinlola New CEO

  After what appears to be a slow start, occasioned by downturn in the Nigerian economy, and its fallouts, the board of ntel, Nigeria’s first 4G/LTE-Advanced network, has announced the appointment of Ernest Akinlola, as new Managing Director/Chief Executive Officer.   “I am excited to be appointed MD/CEO of ntel, Nigeria’s pre-eminent 4G/LTE network. ntel

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