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FMDQ lists Dangote Cement’s N50bn commercial papers

Aliko Dangote By Nkiruka Nnorom FMDQ OTC Securities Exchange yesterday listed Dangote Cement Plc’s N50 billion commercial papers, CPs, the biggest CP programme so far on the Nigeria debt capital market on its platform.…

FAAC overpaid states N10bn in bailout funds — Auditor-General

Auditor-General of the Federation, Anthony Ayine By Yinka Kolawole, with agency report The Federation Accounts Allocation Committee (FAAC) N10 billion in excess to states while sharing bailout funds in 2016, according to the annual…

Ecobank Nigeria appoints Patrick Akinwuntan as MD/CEO

Patrick Akinwuntan Ecobank Nigeria yesterday said that Patrick Akinwuntan will take over from Charles Kie as its new Managing Director/Chief Executive. In a statement announcing the appointment, the bank said: “The Board of Directors…

Wema Bank to sell N20bn bond

By Peter Egwuatu, with agency report Wema Bank Plc yesterday said it would raise N20 billion via bond offering in August to boost its capital adequacy. According to Reuters, Adebise said: “We need to…

Naira down to N361.91/$ – Vanguard News

By Elizabeth AdegbesanThe Naira, yesterday, depreciated by 22 kobo to N361.91 per dollar in the Investors and Exporters window. Data from FMDQ showed that the indicative exchange rate for the window rose to N361.91…

Pipeline Probe : Senate threatens Total MD, others with warrant of arrest

Abuja – The Senate Committee on Gas, investigating $1billion pipeline contract, has threatened to issue warrant of arrest on Managing Directors, Total and Saipem, if they fail to appear in person on Tuesday. Ekweremadu…

A Day After Meeting With PDP, Saraki Meets With Buhari, APC Govs Behind Closed Doors

After his meeting with Peoples Democratic Party (PDP) leaders on Wednesday, Senate President Bukola Saraki on Thursday met with President Muhamamdu Buhari, Vice-President Yemi Osinbajo and some governors behind closed doors at the Presidential…

It Will Be ‘Irresponsible’ Of Me Not To Probe Fayose, Says Fayemi

Kayode Fayemi, Ekiti State Governor-elect, has revealed his plans to probe the last four years of the state government under the leadership of Ayodele Fayose of the Peoples Democratic Party (PDP). While interacting with…

‘He’s Not Going Anywhere’ — Oshiomhole Insists Ortom Won’t Join ‘People Deceiving People’ (PDP)

Adams Oshiomhole, National Chairman of the All Progressives Congress (APC), has insisted that the ruling party will not let Samuel Ortom, Governor of Benue State, out of its sight. In the middle of a…

BREAKING: Ortom Makes U-Turn, Says ‘I’m Still Flying The APC Flag’

Samuel Ortom, Governor of Benue State, has backed down on his previous claims that he had left the All Progressives Congress (APC) and was open to joining another party. On Monday, Ortom announced his…