Depth
Dangote Cement completes issuance of N50 billion bond programme
Dangote Cement Plc has announced the successful issuance of N50 billion series 1 fixed rate senior unsecured bonds, under its new N300 billion multi-instrument issuance programme. In a statement on Tuesday, the cement producer said the bonds were issued on May 26, 2021 at coupon rates of 11.25 percent, 12.50 percent and 13.50 percent for the three, five and seven-year tranches respectively. The bonds will be listed on the Nigerian Exchange Limited and FMDQ Securities Exchange. Dangote Cement said that the proceeds of the bond issuance will be deployed for the company’s expansion projects, short-term debt refinancing and working capital requirements. “Aside from this first issuance of a traditional bond under the new Multi-Instruments Programme, Dangote Cement has registered a programme ena...
France coach fires warning ahead of Euro 2020 opener
Didier Deschamps has attempted to play down the hype surrounding his France side going to the European Championship, warning those who think they “have already won” that plenty of hard work lies ahead. The 2018 World Cup winners are favourites to land this summer’s tournament, with Deschamps possessing a hugely talented squad with depth in all areas. That has understandably caused excitement among the supporters across the country, something Deschamps is keen to temper before the big kick-off. Asked whether not winning the tournament would be considered a failure given the talent at his disposal, Deschamps told Mundo Deportivo: “Right away there is talk of failure. We are world champions. I am aware, and the players are too, of our strengths. “We have quality, talent, high-level players, b...
West Ham offer lucrative contract to Alex Kral
West Ham United have been heavily linked with a move for the Spartak Moscow midfielder Alex Kral. Meanwhile, Football Insider are claiming that the Premier League side have offered the 23-year-old defensive midfielder a double-your-money contract. The Czech Republic international is highly rated and he could prove to be a quality long term investment for the London club. The Hammers signed his compatriots Tomas Soucek and Vladimir Coufal recently and both players have proven to be massive hits at the club. The Premier League side will be hoping that Kral can follow in their footsteps and succeed at West Ham. The chance to move to a Premier League club is already an attractive proposition and the fact that he will be earning double of what he is currently picking up at Spartak Moscow will o...
VP Osinbajo: General Attahiru, others’ death shows depth of military sacrifice
Vice President Yemi Osinbajo has noted that the death of the Chief of Army Staff, Lt. Gen. Ibrahim Attahiru and others in Friday’s air crash shows the depth of sacrifice of the military. Expressing shock and sadness at the occurrence, Osinbajo said in a statement issued by his spokesman, Laolu Akande, on Saturday that “their death while in active service in the defense of our country reflects the depth of sacrifice our military officers, men and women of the other ranks are often prepared to make.” The statement quoted the Vice President as saying: “I received with great sadness the news of an air crash involving the Chief of Army Staff, Lt. General Ibrahim Attahiru, and other officers of the Nigerian military yesterday. “Their death while in active service in the defense of our country re...
WTO: We need to build capacity for international competitiveness – LCCI
Lagos Chamber of Commerce & Industry The Lagos Chamber of Commerce and Industry (LCCI) has posited that for Nigeria to take advantage of opportunities offered by the World Trade Organisation (WTO) under the leadership of Dr. Ngozi Okonjo-Iweala, it was important to build capacity for international competitiveness of our products and services. The Chamber also emphasised the need to address trade facilitation issues, especially around port processes, ports infrastructures, international trade documentation, foreign exchange policies, trade policies and industrial policies. The Director General of the chamber, Muda Yusuf, made the disclosure following the appointment of Okonjo-Iweala as the DG of the WTO, saying her emergence comes at a time when the global trading system is faced with n...
Mikel Arteta: Arsenal, Manchester United electrifying moments no longer exist
Electrifying moments that always followed Arsenal, Manchester United matches are gradually fading away, according to Gunners boss, Mikel Arteta. Arteta spent five years as an Arsenal player and never featured on the winning side against United. But all the old animosities had gone by then and today’s encounter at an empty Emirates is sure to be played out in relative peace. Arteta admits: “It’s not only the Arsenal and Manchester United fixtures which have calmed down. “If you look at the way all the derbies used to get played, it’s not the same right now. “The game is evolving and we are educating the players in a different way. “For sure they are not allowed to get away with some of the things they used to do 20 years ago and with VAR that’s even less. “The game is much more controlled a...
South East leaders decry injustice against Igbo
Pool Photo A leading Igbo social-political group, Nzuko Umuna, says that Nigeria, particularly the South East, is witnessing insecurity because of injustice, inequalities and lack of governance. Addressing reporters in Abuja on Monday, Sam Amadi, chairman of the legal committee of the think tank, said the unfair and unequal treatment of citizens have compounded the insecurity crisis. Amadi said the South East used to be the ‘safest region in Nigeria, but has become a site of organised criminality.’ ‘Nzuko Umuna recognises that Nigeria has descended into a depth of insecurity partly because of the failure of governance across the country and particularly because of inequities and injustices of political leadership in Nigeria,’ the former chairman of the Nigerian Electricity Regulatory Commi...