The Federal Government has raised $2.2 billion in Eurobonds to fund the fiscal deficit in the 2024 budget. According to a statement by the Debt Management Office (DMO), the bonds will mature in the international capital markets in 2031 (6.5-year) and 2034 (10-year). The statement noted that the funds have $700 million and $1.5 billion placed in the 2031 and 2034 maturities, respectively. The 6.5-year and 10-year notes were priced…

President Bola Tinubu has directed the Federal Ministry of Justice to work with the National Assembly to ensure that “genuine concerns” associated with the Tax Reform Bills are addressed before they are passed by lawmakers. Minister of Information and National Orientation Mohammed Idris disclosed this in a statement on Tuesday, December 3. “In line with the established legislative procedure, the Federal Government welcomes meaningful inputs that can address any grey…

Akpooh Edet, a 35-year-old suspect, has been apprehended by security operatives for staging his own abduction and demanding a ransom fee of N50 million from his boss. The male suspect works as a security guard at Rubber Estate in Ose River, Ovia South West Local Government area of Edo State. The Hope Newspaper reported that Edet was arrested after Edo Command of the Department of State Security (DSS) contacted the…

The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed its commitment to advancing local content development in Nigeria’s energy sector, aiming to foster sustainable growth and innovation within the industry. This commitment was expressed by the Group Chief Executive Officer (GCEO), Mele Kyari, during the 13th Practical Nigerian Content (PNC) Forum held in Yenagoa, Bayelsa State. Kyari, represented by Udobong Ntia, Executive Vice President of Upstream, emphasised that the forum…

The Economic and Financial Crimes Commission, EFCC, has explained why it did not mention the name of anyone linked to the 753 duplexes and other apartments on Plot 109 Cadastral Zone C09 it recovered in Lokogoma District, Abuja. The EFCC had described the recovery of the estates as ‘record-breaking’ after it got the court order to take over the property. The EFCC had described the owner of the estate as…

The police detective in Nyahururu has intercepted and seized 22,000 litres of ethanol moved from Malaba border towards Nairobi, the capital of Kenya. Through the Directorate of Criminal Investigation-Kenya (DCI) disclosure on their X page on Tuesday, it was revealed that two suspects, Victor Kitavi, the driver, and Dickson Wandera, were arrested after an attempt to flee the scene. The “uncustomed goods,” as described by DCI, were intercepted following an…

The police command in Ekiti State has confirmed the arrest of Dele Farotimi, a human rights advocate. According to TheCable, Sunday Abutu, the police spokesperson in Ekiti, said operatives arrested Farotimi over a petition about alleged defamation and cyberbullying. Abutu said the command obtained a warrant of arrest against Farotimi regarding the case, adding that the activist is currently being transported from Lagos to Ekiti State. But the police spokesperson…

Debates over the much contentious tax reform bills threw the House of Representatives into a rowdy session on Tuesday after Akin Rotimi, spokesperson of the green chamber referenced the bills. The spokesperson had risen to move a motion for the consideration of two reports on behalf of Boma Goodhead, a lawmaker from Rivers State, who was absent at plenary. The report was on a bill for an act to repeal…

Nine persons have been reported killed by bandits in Sokoto State, Northwest, Nigeria. According to SaharaReporters, the terrorists stormed Dantudu Lajinge village in the Sabon Birni Local Government Area and slit the throat of nine persons identified as members of the community’s local security outfit, known as vigilante. The wives of the slain persons were reportedly abducted while the remains of their spouses lay in the pool of blood. The…

The House of Representatives has asked President Bola Tinubu to mandate Minister of Finance, Wale Edun to unfreeze all National Social Investment Programmes Agency (NSIPA) accounts within 72 hours. The lower legislative chamber passed the resolution during plenary on Tuesday. This was sequel to the adoption of a motion sponsored by Benjamin Kalu, deputy speaker, and 20 other lawmakers. The programmes under SIP include N-Power, conditional cash transfer (CCT), government…

President Bola Tinubu’s administration recently introduced the Nigeria Tax Bill 2024 to the National Assembly. The bill, officially titled “An Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks Relating to Taxation and Enact the Nigeria Tax Act to Provide for Taxation of Income, Transactions, and Instruments, and for Related Matters,” has generated widespread attention and debate. Here are seven key things to know about this proposed…

An Ikeja Special Offences Court on Tuesday has admitted as evidence an iPhone belonging to social media celebrity, Ismaila Mustapha, popularly known as Mompha, in an ongoing ₦6 billion money laundering case. Mompha, who is still at large, is being prosecuted alongside his company, Ismalob Global Investment Ltd., on an eight-count charge of money laundering. ,During the hearing, Musa Idi, an operative of the Economic and Financial Crimes Commission (EFCC)…