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Nigerian government seeks new Eurobond

The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up the economy, amidst cocktails of measures being put in place to douse the effects of the Covid-19 pandemic on the economy. On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021. Finance Minister, Zainab Ahmed, who disclosed the Eurobond plan while speaking on Bloomberg TV, explained that the decision would depend on the prevailing interest rates. She, however, did not specify the amount to be accessed from the Eurobond. The Eurobond option is ...

Northeast elders asks President Buhari to sack service chiefs

The Coalition of North East Elders for Peace and Development, Monday asked President Muhammadu Buhari to sack his service chiefs, accusing the military of deploying massive strength during the #EndSARS protests in parts of the country, thereby leaving the zone at the mercy of Boko Haram, an Islamic State of West Africa Province (ISWAP) terrorists. According to the elders, scores of civilians were killed as a result of the strategic and operational blunders, which they argued, was avoidable, had greater tact been adopted. In a statement signed by the chairman, Engr. Zana Goni, the North East elders said pro-active intelligence would have revealed this lapse to the military high command, had the service chiefs not been lethargic in their responsibilities. Consequently, the elders, for the um...

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