FG’s October Bonds Oversubscribed By N105bn, Says DMO   The Federal Government’s bonds for the month of October worth N150bn, which were auctioned on Wednesday, were oversubscribed by N105.99bn, the Debt Management Office disclosed this on its website. The total subscription received from investors for the bonds...

Lekki Seaport Project Gets China Bank's Loan Of $629m   The Lekki Deep Seaport project has received a major boost with the signing of a $629m financing facility with China Development Bank. Four agreements, including the financing facility, were signed on Wednesday with the CDB to accelerate...

Senate Panel Vows To Resolve NEPZA Alleged N14bn Scam   The Senate Committee on Trade and Investment on Tuesday vowed to get to the root of the N14,376,027,584.65 illegally transferred from the 2017 Appropriation Budget of the Nigerian Export Processing Zones Authority to the Nigeria Special...

Manufacturers Condemn N20bn Annual Losses To Poor Infrastructure   Manufacturers Association of Nigeria (MAN), has decried the huge decay in infrastructural facilities in the industrial zones of Amuwo Odofin, and Kirikiri areas of Lagos, noting that manufacturers lose over N20 billion yearly as a result of...

In Nine Months, Investors Staked N178trn On Securities   Investors traded a total of N117.99 trillion securities in the fixed income and currency market between January and September 2019. According to figures released by FMDQ Securities Exchange Plc, N19.20 trillion was transacted in September alone, which...

FG Earmarks N3.79bn For Ajaokuta Steel Company   The Federal Government has allocated a total of N3,796,479,657 to the Ajaokuta Steel Complex for 2020. The company has yet to commence full operations several years after it was conceived to drive massive industrialisation in the country. Checks by our...