The federal government, through the Debt Management Office (DMO), has concluded plans to raise N120 billion through the auction of two federal government bonds. The auction, scheduled for Monday, 16 December, 2024, will offer investors an opportunity to subscribe to reopened debt instruments, with settlement set for 18 December, 2024. According to Investopedia, a government bond auction is the process of selling short- and long-term government bonds to investors in an attempt to minimise the cost of financing national debt. The DMO in an announcement said the bonds were being offered at N1,000 per unit subject to a minimum subscription of…
Author: Abimbola Ogunaike
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Wolves are on the verge of appointing Vitor Pereira as their next new manager, thegazellenews.com reports. Football transfer expert Fabrizio Romano, who made this disclosure in a tweet via his X account on the morning of Monday, 16 December, 2024, said the deal to appoint Pereira is ‘almost done.’ “Wolves are closing in on the appointment of Vitor Pereira as new head coach, deal almost done. “Details being fixed on exit clause from Al Shabab as @David_Ornstein reported. It’s all set to be signed,” Romano tweeted. Wolves had sacked their manager Gary O’Neil and his backroom staff on Sunday, 15 December,…
The Nigeria Football Federation, NFF, is backing the duo of Ademola Lookman and Chiamaka Nnadozie, who are in the run for CAF Player of The Year awards in the men’s and women’s categories respectively on Monday, 16 December, 2024. The country is in line to take home seven awards. Lookman will slug it out for the men’s Player of The Year Award along with Ivory Coast’s Simon Adingra and PSG’s Achraf Hakimi, Guinea striker, Serhou Guirassy and South Africa goalkeeper, Ronwen Williams. “All things being equal, Nigeria’s Ademola Lookman should be crowned the African Player of The Year at Monday…
A Jos Magistrates’ Court presided over by Magistrate, Shawomi Bokkos, on Monday, 16 December, 2024 sentenced a 20-year old tailor, Ahmad Garba to three months imprisonment for stealing six shirts and six trousers. Bokkos, who summarily tried and sentenced the convict after he pleaded guilty to the charge, ordered the convict to pay an option of N10, 000 fine or spend three months in prison. Earlier, the Prosecutor, Inspector Ijuptil Thiawur, told the court that the case was reported on 17 November, 2024 at the “C” Division Police station by Usman Mohammed. Thiawur said that the convict trespassed into the complainant’s…
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that the Commission, in a landmark raid, arrested 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scam. The suspects were apprehended on Tuesday, 10 December, 2024, in a surprise operation at their hideout, an imposing seven-storey edifice known as Big Leaf Building, on No.7, Oyin Jolayemi Street, Victoria Island, Lagos , following verifiable intelligence received by the Commission. Speaking during a media briefing on Monday, December 16, 2024, at the Lagos Zonal Directorate of the Commission, Olukoyede stated that 148 Chinese, 40 Filipinos,…
Barcelona assistant coach, Marcus Sorg ,has explained why his team lost 1-0 against Leganes in the LaLiga on Sunday, 15 December, 2024. Sorg, who appeared before the press with manager, Hansi Flick suspended for two games, said Barcelona did not start the game focused against Leganes. He added that the Blaugrana failed to beat the visitors despite creating chances. Sergio González’s early goal gave Leganes all three points against the hosts. “The team did not start the game focused and that led to the goal,” Sorg said at his post-match interview. “The team have found it difficult in the league…
The Dangote Refinery said it has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks alone. In a statement by Dangote Group spokesperson, Anthony Chijiena, Devakumar Edwin, the Vice President of Oil and Gas, Dangote Industries Limited, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo. Edwin, who said this while confirming that Dangote Refinery Petroleum products meet international standards and are already being exported globally, also noted that diesel has been exported across the world while jet…
Ahead of 2027 presidential poll, the North-Central All Progressives Congress (APC) Forum has backed President Bola Tinubu for a second term in office. The APC Forum, in a statement released after a meeting in Abuja on Sunday,15 December, 2024, said the North-Central would stand behind the President in the 2027 presidential election. The Chairman of the North-Central APC Forum, Alhaji Saleh Zazzaga, who stated this in statement, explained that the Forum decided to endorse Tinubu for a second term because his administration had extended several opportunities to the North-Central zone since he assumed office as President in 2023. Recall that…
The Nigerian Exchange Group, NGX, through its regulatory subsidiary, NGX Regulation Limited, NGX Regco, has wielded its big stick by issuing around 3,792 regulatory actions on license holders in 13 years. This is according to a recent report by trading license holders’ compliance, BrokerTraX. The report showed that from 2011 to 2023, 3,792 infractions were documented, including 193 rules breaches by stockbroking firms. The initiative is designed to improve investors’ confidence. A more detailed analysis of the report indicated that in 2011, the NGX Regco carried out 257 enforcement actions against stock broking firms. The number rose to 436 in…
The Presidency on Monday, 16 December, 2024 described the remarks about Nigeria made by the newly elected United Kingdom Conservative Party leader, Kemi Badenoch, as a “cock and bull story.” President Bola Tinubu’s Senior Special Assistant on Media and Publicity, Temitope Ajayi, insisted that Badenoch lied about her upbringing in Nigeria. Recall that in 2022, Badenoch accused Nigerian politicians of using public funds for their private matters. She claimed that her upbringing in Nigeria was overshadowed by fear and insecurity because the country was plagued by corruption. After she was elected as UK Conservative Party leader in November 2024, the…