Dearth
Ogun council polls: Governor Abiodun urges OGSIEC to conduct credible election
Ogun State governor Prince Dapo Abiodun has urged members of the newly inaugurated Ogun State Independent Electoral Commission (OGSIEC) to be transparent in their dealings with all political parties. The governor said this Friday while swearing-in the newly constituted 6-man electoral commission at the Executive Council Chambers of Governor’s Office in Oke-Mosan, Abeokuta, the state capital. Abiodun specifically charged new OGSIEC members to make fairness, firmness, dedication and objectivity their watchword as the state prepares for the local government poll to be conducted later this year. The governor said the inauguration was a demonstration of his administration’s commitment towards ensuring that democratic dividends get to the grassroots through electoral processes at the local gover...
Atletico Madrid decide on Lyon striker as Diego Costa replacement
Atletico Madrid have decided to sign Lyon striker Moussa Dembele as their replacement for Diego Costa, report Deportes Cuatro. Costa terminated his contract at Atleti at the end of last month so the club have been compiling data on his potential replacement with his wages now freed up in the squad. Striker Luis Suarez is now the main frontman at the club but with Alvaro Morata having also left over summer, there is a dearth of attacking options in the squad. French striker Dembele had netted an impressive 44 goals across his first full two seasons at Lyon – whom he joined from Celtic in 2018 – but has struggled this campaign, netting just once in 16 Ligue 1 appearances, of which just six have been from the start. It is now said by the report that Atleti are hopeful of taking advantage of t...
Nigerian government borrows over N2 trillion from bond investors in 2020
Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020. This represents 33 percent, year-on-year, (y/y) increase when compared with the N1.58 trillion raised by the DMO in 2019. The N2.1 trillion raised in 2020 also represents 31 percent more than the N1.6 trillion funding target for the DMO under the Revised 2020 Budget. Meanwhile, the monthly bond auctions conducted by the DMO in 2020 recorded 275 percent oversubscription, reflecting scramble for the high yielding FGN bonds by investors. Newsmen report on monthly bond auction results show that the DMO offered N1.825 trillion wort...
