9.7% Interest on Dollar Bond Gains Oversubscription by $400m - Experts Experts have attributed the oversubscription recorded in the first dollar-denominated domestic bond to the attractive yields of the $500m bond just as they called for judicious utilisation of the proceeds in critical sectors that...

Dollar Bond: Nigeria Economy Profitable, Secure for Investment, Says Edun  Wale Edun, minister of finance and coordinating minister of the economy, says that Nigerians’ rights to own assets, whether in naira or in any other currency, are protected under the law. Edun, who disclosed this at...

FG Inaugurates Cttee on Naira-based Crude Sale to Local Refineries  The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated a technical sub-committee tasked with developing the framework for the sale of crude oil to local refineries in naira. This initiative...

FG Commences Duty-free Import on Food Items The Nigeria Customs Service has commenced the implementation of the zero per cent import duty and exemption of Value-Added Tax on basic food items. This was after President Bola Tinubu approved the implementation of zero per cent import duty...

FG Eyes $1bn from Sales of Dollar-denominated Bonds The Federal Government of Nigeria has introduced its Series I Domestic USD Bond, aiming to raise a minimum of $500m from both local and international investors. In an auction circular released, the government said it aims to double...

Senate to Probe NNPC, Dangote over $1.5bn Refinery Project The Senate has questioned the $1.5bn approved in 2021 for the turn-around maintenance of the Port Harcourt Refining and Petrochemical Company with little or no result. It also vowed to probe allegations of sabotage to the supply...