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The Federal Government on Monday offered for subscription two-year savings bond at 11.244 per cent and three-year savings bond at 12.244 per cent per annum, the Debt Management Office (DMO) has said. According to the offer circular obtained from the DMO website, the two-year bond will be due in October 2021 while the three-year bond will be due in October 2022. It, however, did not state how much was offered, but added that the maximum subscription was N50 million at N1,000 per unit, subject to minimum subscription of N5,000 and in multiples of N1,000. The website said that the bond…
President Muhammadu Buhari Monday in Abuja declared that ‘Nigeria democracy is maturing,’ citing the peaceful and orderly conduct of 2019 general elections and the resort to the rule of law by aggrieved candidates in settling disputes. Buhari stated this while declaring open the 25th Nigeria Economic Summit (NES) with the theme: ‘‘Nigeria 2050: Shifting Gears’’ ‘‘The elections have come and gone. Our country, once again, has shown the world that we can choose our leaders in a peaceful and orderly manner. Apart from a few pockets of unrest, majority of voters exercised their civic rights without hindrance. ‘‘Furthermore, we also…
The Peoples Democratic Party (PDP) on Monday cautioned the All Progressives Congress (APC) to desist from playing the ethnic card ahead of the Nov. 16 Governorship Election in Kogi State. The National Publicity Secretary of PDP, Hon. Kola Ologbondiyan, gave the warning in a statement in Lokoja, saying the divisive politics on the basis of ethnicity would not in any way take the APC too far. Ologbondiyan said that the APC should get ready to face the electoral consequences of the serious issues of poor governance it foisted on the people of Kogi State since 2016. The PDP also warned…
President Muhammadu Buhari on Monday in Abuja advocated for Nigerian-made solutions to address the nation’s unique challenges. Buhari who declared open the 25th Nigerian Economic Summit (NES25), charged public and private sector leaders to look inward to solve the unique challenges confronting the nation’s socio-economic development. President Buhari also pledged that his administration will continue to collaborate with the private sector in designing and implementing developmental projects that will keep Nigeria on track for sustained, inclusive and prosperity driven growth. ‘‘I am informed that this year’s Summit has identified key job-creating sectors such as agriculture, manufacturing, ICT, creative industry and…
Dubai(United Arab Emirates),Oct. 6 (NAN) The Minister of Communications, Dr Isa Pantami, has tasked Nigerians participating in the on-going Gulf Information Technology Exhibition GITEX to ensure they domesticate technology ideas and add value to Nigeria\s ICT sector to build the country’s economy. Pantami said this on Sunday while he led the Nigerian delegation to GITEX, a global technology exhibition that brings together over 200,000 trade visitors from over 145 countries of the world to share trends of ICT and ways of advancing technology innovations. Nigeria’s participation in GITEX which is spearheaded by the National Information Technology Development Agency (NITDA) is…
President Muhammadu Buhari on Monday presided over an extraordinary Federal Executive Council (FEC) meeting at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the meeting, which started at about 12.05 p.m, would deliberate on the 2020 budget proposal. The president had earlier today declared open the 25th Nigerian Economic Summit (NES25) with a charge to public and private sector leaders to look inward to solve the unique challenges confronting the nation’s socio-economic development. NAN reports that the ongoing extraordinary FEC meeting which was shifted from Oct. 5, is being attended by Vice President Yemi Osinbajo and…
Abuja Electricity Distribution Company (AEDC) will be giving out electricity token to some of its customers to mark the globally celebrated customer service week. AEDC’s General Manager, Corporate Communications, Mr Oyebode Fadipe, said this in a statement in Abuja on Monday. Fadipe said that the company’s directors would also man the customer care centres in some of its area offices in Abuja to receive customers’ complaints and resolve them. He said that the two gestures were symbolic aimed at showing appreciation to its loyal customers and to show the importance the management attaches to them. “As a service provider, our…
The Muslim Rights Concern (MURI) has expressed displeasure over the suspension an hijab-wearing student of International School (ISI) of the University of Ibadan (UI). MURIC Director, Prof. Ishaq Akintola, in a statement on Monday, described the incident as superfluous, preposterous and provocative. The News Agency of Nigeria (NAN) reports that Ms Ikhlas Olasubomi Badiru, an hijab-wearing student of International School (ISI) of the University of Ibadan (UI) was on Sept. 26, suspended on account of her hijab. The suspension was handed down by the school principal, Mrs Phebean Olowe. “We hereby declare Friday, Sept. 11 Ikhlas Day. The slogan of…
The Citizens Awareness Against Corruption and Social Vices Initiative (CAACASVI) has hailed the sacking of the Chairman of Investment and Securities Tribunal, Isaiah Idoko-Akoh over alleged corruption. In a statement issued in Abuja on Monday, the group hailed President Muhammadu Buhari and the Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed for their decisive and timely action. The statement issued in Abuja on Monday was signed by Olumuyiwa Onlede, Executive Director of the CAACASVI. “His sack is long overdue, and is in the best interests of the Nigerian capital market, economy, capital market stakeholders, investors, litigants, and staff…
A Don, Prof. Kamaluddeeen Bello, has urged the Federal Government to place strong emphasis on the use of English language as mode of communication in every public place in the country. Bello gave the advice in Abuja while delivering the 15th Inaugural Lecture of the National Open University of Nigeria (NOUN) with the topic “Who is a Nigerian Citizen”. He said the call became necessary since it would be difficult to adopt a lingua franca for the country at this stage of Nigeria’s existence due to the distrust among the various ethnic groups. According to Bello, there is no indigenous…