nairametrics news update

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    Business Federal Government considering $2.5 billion Eurobond raise – Nairametrics

    Director-General, Debt Management Office The Federal Government (through the Debt Management Office DMO) may be considering a $2.5 billion Eurobond in the first quarter of this year. Director-General of the DMO, Patience Oniha disclosed this in an interview with Bloomberg. This is dependent on...
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    Business How to get the BOI loan for ‘Youth Corpers’ – Nairametrics

    A group of NYSC Members The loan facility is targeted at fresh graduates/serving corps members. One can access a loan of up to N2million with 0% interest rate for any bankable business plan. Tenor of the loan is between 3-5years. Statistics from the National Bureau of Statistics (NBS) show that...
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    Business Making sense of Nigeria’s Federal Government budgeting efficiency –

    President Buhari deliberating with Finance Minister, CBN Governor, Budget Minister and his Chief of Staff, Adeosun, Emefiele, Udo Udoma and Kyari respectively It is true that governments all over the world continually argue for and indeed deploy public expenditure to put their GDP on a desired...
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    Business Atlas Mara ups stake in Union Bank to 48% – Nairametrics

    Robert E. Diamond, Jr. Chairman, Founder, Atlas Mara Africa focused investment bank, Atlas Mara has upped its stake in tier two lender Union Bank to 48%. Prior to the rights issue, Atlas had a 42% stake. Union Bank recently concluded a N50 billion rights issue, which is 20% over subscribed...
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    Business Sun Trust Bank announces new Board Chairman.

    Sun Trust Bank announces new Board Chairman Jibril Aku, Chairman, Suntrust Bank The Board of SunTrust Bank Nigeria Limited (SunTrust Bank) has announced the appointment of Mr. Jibril J. Aku as Chairman of the bank succeeding Chief Charles Onyema Ugboko who retired upon attaining the retirement...
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    Business This court order could halt the 9Mobile sale.

    This court order could halt the 9Mobile sale Boye Olusanya, CEO, 9Mobile The nullification of a Federal High Court order granting the interim board of 9Mobile legitimacy could throw a spanner in the sale process for the telco. The order, was granted in 2017 following the setting up of an interim...
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    Business A rundown of Buhari’s economic blunders of 2017 – Nairametrics

    President Muhammadu Buhari Despite the achievements of the Buhari Presidency in securing the North East, and battling corruption, the state of the economy was kept on the back burner in 2017. Nairametrics looks at the areas where the Buhari administration failed to create significant mileage...
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    Business Aero Contarctor concludes first C-check in 14 years. – Nairametrics

    Captain Ado Sanusi Managing Director Aerocontractors Aero Contractors Limited has announced the completion of a C-check on its Boeing 737 aircraft from its recently approved Maintenance, Repair and Overhaul (MRO) facility at the Murtala Muhammed Airport, Lagos, followed by a test flight. The...
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    Business NCC insists on conclusion of 9Mobile sale by January 16 – Nairametrics

    Umar Danbatta Executive Vice Chairaman, Nigerian Communications Commission The Nigerian Communications Commission (NCC) has maintained there will be no going back on the January 16th deadline for the conclusion of the sale of GSM operator 9Mobile. Executive Commissioner in charge of Stakeholders...
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    Business Petroleum marketers may be given special fx rate to import fuel – Nairametrics

    via Nairametrics – http://ift.tt/2CntTlN As part of measures to alleviate the crippling fuel scarcity in the country, petroleum marketers in the country may be granted a special foreign exchange rate in order to import fuel into the country. National Secretary of the Independent Petroleum...
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    Business Dear APC: This is a solution to the fuel crisis that President Buhari will like – Nairametrics

    PRESIDENT BUHARI SEIZE THE INITIATIVE! KICK-START PETROL PRICE DEREGULATION “…Nations sometimes do manage to adopt efficient institutions and achieve prosperity, but alas, these are the rare cases…To understand this, you have to go beyond economics and expert advice, instead, study how decisions...
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    Business These stocks made serious money for investors in 2017 – Nairametrics

    Nigerians Celebrating As we looking forward to a better 2018 for stocks, we look back at the stocks that made 2017 an amazing year for investors. The Financial Year ended December 2017 was a fantastic year for Nigerian Stocks having returned a whopping 42% year to date. This compares to negative...
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    MMM To Launch Its Own Cryptocurrency Before The End Of The Year – Nairametrics

    Controversial lending scheme, MMM will soon join the over 1400 cryptocurrencies in existence if statements by its founder Sergei Mavrov are anything to go by. Information from the coin’s website shows it is scheduled to launch on the 29th of December. The Mavro is also touted as the world’s...
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    Business TSA: Why Maikanti Baru must appear before House of Reps – Nairametrics

    Engr Maikanti Baru, GMD, NNPC Group Managing Director (GMD) Nigerian National Petroleum Corporation (NNPC) Maikanti Baru has been summoned by the House of Representatives over N50 billion belonging to the corporation kept in different bank accounts in violation of the Treasury Single Account...
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