Coordinators
Seplat issues $650 million oil and gas bond
Seplat Petroleum Development Company, a Nigerian independent oil and gas firm, has issued $650 million in aggregate principal amount of senior notes due in 2026. It is said to be the largest ever Nigerian oil and gas bond issuance. A senior note is a type of bond that must be repaid before most other debts in the event that the issuer declares bankruptcy. It is more secure than other bonds. The dual listed company said the five-year bond was well-received in the market with orders from high quality institutional investors. “The notes priced at a yield of 7.75%, representing a significant pricing reduction from its $350 million debut issuance in 2018, which priced at a yield of 9.50% , with a coupon of 9.25%,” a statement by the company read. “The offering was well oversubscribed with deman...
Controversy surrounds whereabouts of OPC men who arrested Iskilu Wakili
Controversy has surrounded the whereabouts of Oodua Peoples Congress operatives who arrested suspected Fulani warlord, Iskilu Wakili. While there are media reports that the men have been transferred to Abuja, some sources in the OPC said they do not know the whereabouts of the detained operatives. The OPC members were detained on Sunday after arresting suspected Fulani warlord, Iskilu Wakili, who was later handed over to the police. It was gathered that representatives of OPC and the Investigating Police Officer in charge of the case would meet at 1 pm on Tuesday (today). According to a media report, the OPC members involved in the arrest were first transferred from Oyo Police Command to Force CID in Alagbon, Lagos, from where they were taken to Abuja. However, sources in the Lagos State P...
2023: APC’ll win Delta if leaders are less cantankerous – Cairo Ojougboh
Immediate past Interim Executive Director of Project, EDP on the board of the Niger Delta Development Commission, NDDC, Dr Cairo Ojougboh, has said the All Progressives Congress, APC has a better prospect to win Delta State in 2023 if the leaders of the party could cooperate, began to be less cantankerous and do not match their ambition with hostility with other party members. Ojougboh who stated this while speaking on the sidelines of sensitisation of party members in Ika South on the registration/revalidation exercise of the party said the APC remained the most popular party in Delta but lamented that members have not been able to utilise such popularity to win elections over the years because of squabbles among leaders. Hear him: “APC is the most popular party in Delta State for a very ...
Ebonyi governor denies giving cultists N3 million
Governor David Umahi on Monday said he did not give N3 million to placate notorious cult groups allegedly terrorising residents of the state. Umahi said this when the 13 Local Government Area Chairmen, Coordinators of Development Centres, with their Management Committee members, among other political appointees, paid him a solidarity visit at the Government House, Abakiliki. He dismissed the report that he gave the money to the groups through his security aide. According to him, he had ordered a manhunt for members of the groups. “How can a warrior such as me bribe cultists, to do what with the money? The duty of political leaders and the citizens is to give me the names of the cultists because I will give them a bad Christmas celebration. “I am searching for them whether they are in gover...
Ebonyi relaxes restrictions on worship centres, drinking parlours, schools
Following reduction in the number of COVID-19 cases Ebonyi state government has relaxed restrictions on events and gathering of persons in the state. The state government directed that all private and public schools, tertiary institutions could reopen on 5th of October 2020. A press statement issued by the Commissioner for Information and State Orientation, Barr. Uchenna Orji, stated that “All restrictions in respect of movement order on public burials/ wake keeps, weddings, conferences, meetings, festivals, religious services/gatherings, etc are hereby lifted”. “That all closures of public places such as event centres, bars, places of worship, educational institutions, public parks, night clubs, cinemas, viewing centres and other such public places are hereby lifted”, he added. The docume...
