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...
The Ogun chapter of Peoples Democratic Party has accused the Chairman of the State Independent Electoral Commission, OGSIEC, Barr. Babatunde Osibodu, of meddling in the affairs of the party. Alh Sikirulai Ogundele, Ogun chairman of PDP said this during a press conference at the Ogun NUJ Secretariat, Okelewo, Abeokuta. Ogundele who was accompanied by some aggrieved members of the party, said there was a renewed calculated attempt by OGSIEC to keep meddling in the affairs of the party by deliberately obstructing the cause of justice as far as PDP’s participation in the forthcoming LG election is concerned. He said this was in spite of the fact that that the party had gone through a phase of robust reconciliation of all interests while verifiable documents have been submitted to properly guid...
Pool Photo The Federal Government has announced the reopening of the passport application and payment portal effective from June 8, 2021 by 12 midnight, to allow eligible passport applicants apply and make payments for the various categories of passports of their choice. A statement signed by the Assistant Comptroller of Immigration Service/Public Relations Officer of the Nigeria Immigrations Service, Amos Okpu, on behalf of the Comptroller General, said with the reopening of the portal, a new passport application and payment regime has commenced. The statement added that applications and payments for passport services shall be made through the service website: www.immigration.gov.ng, while applicants are expected to visit the portal to apply and upload their support documents for vetting ...
The Minister of State for Foreign Affairs, Zubairu Dada, has assured Nigerians abroad that Diaspora voting may be realised soon. He said Nigerians abroad are part of the county and as such should be allowed to exercise their franchise. The minister disclosed that the Independent National Electoral Commission and the National Assembly were currently working to make this materialise. Dada spoke during the Diaspora Quarterly lecture series of the Nigerians in Diaspora Commission which was monitored online by our correspondent on Saturday. The minister expressed the hope that participating in elections by Nigerians in Diaspora would soon be a reality as done in other climes. He said, “NIDCOM is working closely with relevant committees of the National Assembly and relevant stakeholders, particu...
File Photo The Nigeria Union of Journalists (NUJ), Ondo State Council, has appealed to the Federal Government to adequately fund the Nigeria Immigration Service (NIS) to boost its performance. The union said that the funding would enable the agency to fully perform its primary responsibilities of providing internal security as well as to overcome challenges of issuing passports to citizens. The NUJ Chairman, Mr Adetona Aderoboye, made the appeal when he led members of the union executive council on a courtesy visit to the state Conptroller of NIS, Ibong Osato Aideyan, at her office on Wednesday in Akure. “In view of the current security challenges facing the nation, it has become expedient for the federal government to give adequate backing to the agency. “It is for it to be able to proper...