By Tony Obiechina, Abuja The Debt Management Office (DMO) on Wednesday conducted the FGN Bond Auction for April 2020, indicating over subscription level of 459 percent. In a statement by Office in Abuja on Thursday, the DMO offered N60.00 billion Bonds across three (3) tenors to investors at the Auction – N20.00 billion each for the 5-Year, 15-Year and 30-Year tenors. According to the statement, the total subscriptions received through competitive bids for the 3 instruments was N275.67 billion, indicating an overall subscription level of 459% pointing out that demand was very strong for all the instruments offered at the Auction. A breakdown…
Author: Prompt News
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Nigeria is an impoverished country. In fact, the country has never been rich – in the economic sense of the word. The assumptions of wealth have always been hyphenated to the abundance of crude oil and other natural resources. But these alone do not make the country rich. As a matter of fact, the exploitation and expropriation of these resources by the thieving elite have only made the country poorer – and of course, the poverty capital of the world. The price of crude oil has come under immense shock. The US WTI (West Texas Intermediate) crude price entered negative…
The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has released more shocking prophecies in the midst of the world greatest pandemic, COVID-19.Among the prophecies, Ayodele warned that the nation should pray against more mourning in Aso rock, THE EAGLE ONLINE reports.This comes on the heels of the death of President Muhammadu Buhari’s Chief of Staff, Abba Kyari, last weekend and the death of Buhari’s personal bodyguard, who died on Tuesday, few hours after the man of God unveiled the new prophesies.He said: “We still need to pray against any sort of mourning in the villa.“President Muhammadu Buhari needs…
The Lagos State Government has started giving free meals to some vulnerable residents of Oshodi-Isolo Local Government Area of the state. The News Agency of Nigeria (NAN) reports that the free meal initiative commenced on April 21, at Fish Palace, Araromi in Shogunle ward. The residents came out in their numbers to appreciate the government new palliative initiative of reaching out to the needy. The report added that on Wednesday, the free food initiative delivered served similar foods at Iya Basira food canteen, 1 Jimmy Thomas, Ladipo in Ewu ward. The beneficiaries were served based on first come first served…
The institute for the studies of peace and non-violence in Nigeria, says the Armed Forces of Nigeria, has done a great work by restoring peace and security in the North East. This is contained in a statement signed by Executive Secretary of the institute, Ambassador Mohammed Idris in Abuja. It commends the military for the sustained war against Boko Haram terrorists in northeast Nigeria in the past three years and the numerous achievements it has recorded within that period particularly throughout the festive season . The statement further adds that “the gallantry displayed by the military in the ongoing military…
President Donald Trump of the United States has defended his new executive order that temporarily suspends immigrant visas. Addressing newsmen on Wednesday evening at the White House, Trump said he took the decision to protect American workers as the country prepares to reopen for business after a shutdown that cost millions their jobs. The order, he said, would last for 60 days subject to review and possible extension “at the appropriate time”. “In order to protect our great American workers I have just signed an executive order temporarily suspending immigration into the United States. “This will ensure that unemployed Americans…
The Plateau government have set up a post COVID-19 economy road map for the state, as part of efforts to cushion the impact of the pandemic on the state’s economy. Gov. Simon Lalong in a statement by his Director of Press and Public Affairs, Dr Makut Macham, on Wednesday in Jos, said the roadmap was to brainstorm on economic recovery strategies for the state. Lalong said he has directed the State Economic Advisory Council, headed by Chief Ezekiel Gomos, to recommend practical and comprehensive strategies for sustaining the state’s economy in partnership with critical stakeholders. He said he has mandated…
By Kazeem Qudus, IBADAN Oyo state late Wednesday night recorded its first Covid-19 death.Governor Seyi Makinde confirmed this via his verified twitter handle @seyiamakinde, saying the suspected case died at the University College Hospital, UCH, Ibadan.”The COVID-19 confirmation test for one suspected case came back POSITIVE. “The patient died at the University College Hospital, Ibadan, before his result came out today. Contact tracing has already commenced,” Gov Makinde tweeted. He also enjoined the people of the pacesetter state to continue to maintain social distancing.”Please, keep following the directives of the Oyo State COVID-19 Task Force. Wash your hands with soap and…
Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report, released today, in Abuja has stated.The statement by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the month’s crude oil export sales contributed $336.65million (77.42 per cent) of the dollar transactions for the period, compared to the $136.36million sales in the previous month.It added that export gas sales in January amounted to $98.20million, even as it noted that 2019…
By Beauty John, LAFIA Nasarawa State government has imposed ban on all commercial motorcycles and tricycles ( keke ) movement in the state. This was revealed in a statement issued by the Governor of Nasarawa state, Abdullahi Sule on Friday. It can be recalled that Governor Sule earlier imposed a 24hour curfew in Karu local government area of the state, due to its proximity to Abuja. Curfew was also imposed in all Urban Areas of the State between the hours of 8:00pm and 6:00am daily. The governor said that “In addition to the steps taken to avoid COVID-19 virus coming…