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Investors scramble for DMO sovereign sukuk as it records 446% oversubscription

Despite the market and economic uncertainty due to the coronavirus pandemic, investors expressed a lot of confidence in Nigeria’s debt market. The Debt Management Office (DMO) has announced an oversubscription of the third sovereign Sukuk for which it offered N150 billion to investors. The offer attracted a very high level of subscription from investors, with total subscriptions of N669.124 billion. This represents a subscription level of 446%. The DMO said, “This impressive demand for the Sukuk came from a wide range of investors which included Ethical Funds, Insurance Companies, Fund Managers and Retail Investors amongst others. This participation by a wide range of investors is in line with the DMO’s objectives of diversifying the investor base for Government Securities and promoting financial inclusion. “The issuance of the third Sovereign Sukuk, which followed the debut issuance of N100 billion in September 2017 and a second issuance of another N100 billion in December 2018, is ba

Democracy Day Celebration: Senator Dr Patrick Ifeanyi Ubah calls for Unity to Build a Fair & Equal Society For Nigerians

The Senator representing Anambra South Senatorial District at the Senate, Senator Dr Patrick Ifeanyi Ubah in his Democracy day message to Nigerians, called on Nigerians to take advantage of our uniqueness and diversity as a source of strength to foster unity and oneness amongst Nigerians. Democracy Day Celebration in Nigeria marks a turning point in our history, when we as a Nation defied all odds and chose to rebuild our Motherland on the Principles of Democracy and Sovereignty.   He said that " Each year as new events unfold, we find good reason to rejoice in the celebration of new milestones achieved in the course of  building our core national values . We equally find time to review the challenges faced in nurturing and growing the institutions and value systems that support the sustenance of  Democracy in our country. According to him , this year's Democracy day is an opportunity to recall that democracy is about the people. Democracy is built on inclusion, equal treatmen

JUNE 12: CONSOLIDATING THE FOUNDATION FOR DEMOCRATIC FUNCTIONALISM IN NIGERIA.

By Prince MacDonald Enwere. Today is June 12. As our nation commemorate  the anniversary of June 12 celebration today, there is need for us to strive towards sustaining and consolidating democratic principles in Nigeria. Indeed, June 12 is a turning point and watershed in the nation’s political history. It also remains the unequivocal demonstration of popular will in our democratic history, it is also the story of resilience, unity and people’s commitment to our democracy. Figuratively speaking, there is a correlation between the living ideals of the late political sage Chief M.K.O. Abiola, and the dilemma of our democracy today. There is also an explicit intercoure between the ideals of June 12 and the quest for consolidation and sustenance of our democratic principles. Today, sustaining the gains of political development through consistent democratic good governance practices have remained the major challenge staring our nation on the face. The ideals of June 12 have no doubt provide

COVID-19: EXCITEMENT AS TRADERS IN NSUKKA ZONE, SHARE PALLIATIVES FROM GOV UGWUANYI

Excitement rented the air when Traders in Nsukka Zone, known as Nsukka Zonal Amalgamated Traders Association* (NZATA) shared palliatives donated by Enugu State Government under the leadership of Rt. Hon. Ifeanyi Ugwuanyi. The Palliatives which was donated to the traders, and especially the less privileged, was to cushion the effects caused by the covid 19 pandemic. NZATA is an association of all Traders in the 38 Markets in Nsukka Senatorial Zone, which comprise of, Udenu LGA, Nsukka LGA, Igboetiti LGA, Igboeze South LGA, Igboeze North LGA and Uzouwani LGA. Hon. Dominic Ezema (Decency) the President of NZATA, after sharing the palliatives, expressed the joy of traders while commending Governor Ifeanyi Ugwuanyi’s benevolence on the wellbeing of the people of Enugu State.  Hon. Ezema thanked His Excellency, Governor Ifeanyi Ugwuanyi for his humane disposition and feelings for remembering them in this challenging period.  He also thanked the Governor for ensuring, that the markets in the

Senator Dr Patrick Ifeanyi Ubah, Mark 1 Year in Office, Highlight Achievements

Senator Dr Patrick Ifeanyi Today underscored a memorable and auspicious day in his life as he marks 365 days in office as the Senator representing Anambra South in the Ninth Senate; a significant milestone in his political journey, and unique representation to the good people of Anambra South Senatorial  District.   On this occasion, he thanked Almighty God for his faithfulness, good health, guidance, peace and protection. The senator however  thanked his wife and family who have stood by him throughout the years, as they have been a reliable and firm pillar of support who have shown him the meaning of consistency and faithfulness through their love for him. Senator Dr Patrick Ifeanyi Ubah used the opportunity to appreciate his constituents for their staunch belief and continuous support in the journey so far; based on the promise to change the developmental indices in the Senatorial zone that is today gradually taking shape to the glory of God he said.   He stated that after taking th

Ian Taylor, Vitol’s Oil Trade Veteran, dies at 64

Ian Taylor, the man who transformed Vitol into the world’s biggest oil trader, has died from pneumonia at the age of 64, after beating cancer and stroke just last year. His death was announced by the company on Tuesday. A risk-taker and revolutionary in the oil industry, Ian Taylor had built Vitol from the ground up into becoming the world’s biggest oil trader. During his active years before stepping down as Vitol CEO in 2018, he had gone from providing billions of dollars to Kazakhstan to flying to Libya during the 2011 uprising against Muammar Gaddafi, and even trading Iranian fuel oil in 2012, despite U.S. sanctions. He became the CEO of Vitol in 1995 and supplied the opposition in Benghazi with vital fuel in exchange for crude oil cargoes. The Oxford University graduate was also a Conservative party donor who turned down the offer of a knighthood from former British Prime Minister David Cameron. Taylor became one of Britain’s richest businessmen and in 2007 and served as chairman o

COVID19: Anambra State Government Shut Down Eke Awka Market

Anambra state government has shut down the popular Eke Awka Market in Awka Metropolis, over non compliance with directives of the state government on covid19 safety measures put in place by the state government. The Secretary to the government of Anambra state Prof Solo Chukwulobeu, in a public service announcement made available to this newspaper said " This is to inform the public that effective Monday, 15th June, 2020, Eke Awka Market, in Awka South Local Government will be shut down" He said "This is as a result of non-compliance by the market traders and customers with Covid-19 protocols including wearing of protective face masks, provision of running water and soap for washing of hands, keeping of physical distancing" He however states that also, effective Monday, 15th June, 2020, curfew in Awka South local government will be from 8pm to 6am daily, until further notice.  These actions by the government he said is as a result of increased cases of Covid-19 in A

EU member-states open borders to EU citizens and foreign nationals

The European Commission has requested member-states to have their borders reopened, due to the improvement of COVID-19 situation. With the recent improvement seen in the COVID-19 situation, and in response to it, the European Commission announced on June 5, requesting member-states to have their borders reopened by July 1. As a result, some countries under the European Union have announced new steps to reopen their borders. Germany has announced that from Tuesday, June 16, the European Union (EU) citizens and Swiss nationals will have unhindered access to enter Germany, without controls or quarantine regulations. In addition, Germany will on Monday, June 15, ease its border controls and open up its land borders with Switzerland, France, Austria, and Denmark. According to the Interior Minister, Horst Seehofer, this decision may be reversed if the situation worsens. This new policy, however, exempts foreigners arriving by plane from Spain, who will not be allowed into the country until a

WONDER KID OZZYBEE STORMS NNEWI WITH PALLATIVES FOR WIDOWS AND WIDOWERS

As part of his support and in response to the appeal by the working governor of Anambra state Chief Willie Obiano for humanitarian assistance from philantropists so as to cushion the effect of the Covid 19 lockdown in the state, Nigerians fast rising teem star Oziomachukwu Favor Mojekwu with stagename OZZYBEE aka OZZYBOSCO will on June 12th Friday 2020 Storm the commercial city of Nnewi Anambra State to distribute palliatives to aged people, widows and widowers as his contribute on the present effort being made to checkmate the further spread of Covid 19. The event which is being back by his NGO OzzyBosco smile foundation will take place at the ancient palace of HRN igwe Dr K .O .N Orizu III. It is expected that dignitaries from all walks of life and top government officials grace the event and they include Hon Nnamsom Nwaforizu special adviser to the governor on youth entrepreneurship Hon Smart Nonso Okafor member representing Nnewi north in the state House of assembly and many others

IKPEAZU MOURNS THE PASSAGE OF CHIEF ANTHONY ENUKEME...

.........DESCRIBES HIM AS AN UNDISPUTED  CHAMPION OF INDUSTRIALIZATION AND A PRINCIPAL MEMBER OF THE ABA BUSINESS The Governor of Abia State, Dr. Okezie Ikpeazu has expressed deep grief and sadness at the news of the death of Chief Dr. Sir Anthony Obiagboso Enukeme, the Chairman of TONIMAS NIGERIA LIMITED. The Governor described the Late Chief Enukeme as an outstanding and committed entrepreneur who made very solid contributions to the economic development of Aba and Abia State through his numerous business concerns scattered across the State. Governor Ikpeazu recalled with gratitude, the countless jobs created for the people of Abia State through the entrepreneurial versatility of the Late Chief Enukeme, and further described him as a most worthy partner of the Abia State Government in the quest for the development of the economy of the State. In the words of the Governor, "The Late Chief was not just an ordinary businessman who was content with buying and selling. He was more th

COVID-19: IGP UNVEILS NEW OPERATIONAL GUIDELINES, TAKES STEPS TO END POLICE-PUBLIC CONFLICTS

- Reels-out measures to deal with emerging incidents of Gender-Based Violence (GBV) and more ​ The Inspector-General of Police, IGP M.A Adamu, NPM, mni has unveiled a new Operational Guidelines for the Police and other Law Enforcement Agencies on COVID-19 prevention enforcement duties, today, 8th June, 2020 at the Force Headquarters, Abuja. This is part of measures to foster a more harmonious relationship between the Police and members of the public, deepen respect for the rights of citizens, provide a new set of policing tools for tackling emerging crimes such as domestic violence, rape, child molestation and other incidents of Gender-Based Violence (GBV).    The IGP notes with concern, increase in reported cases of domestic violence, rape, defilement, cybercrimes etc linked with the COVID-19 restrictions. These unfortunate incidents have prompted the introduction of this Operational Guidelines which will help to adequately coordinate and reshape the conducts of personnel of the Force