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 Commissioners of Education in the 19 Northern States have urged development partners to support the ongoing efforts to ensure security in schools. The commissioners made the call in a communique issued in Kaduna on Wednesday, at the end of a meeting on Students Exchange Programme (SEP), held in Kano. The communique was signed by the Chairman, Shehu Muhammad, who is also the Commissioner of Education, Kaduna State. The meeting was organised to discuss pressing issues affecting education in the region. The commissioners suggested that community members and education ‘stakeholders’ be part of the security architecture to ensuring security in schools in the region and the country. They appealed to the federal, state governments, development partners, parents, non-governmental organisations...
President Muhammadu Buhari has approved automatic employment in the Federal Civil Service for one graduate from each of the immediate families of the 10 slain National Youth Service Corps (NYSC) members in 2011 in Bauchi State. Minister of Youth and Sports Development, Mr. Sunday Akin Dare, who disclosed this on Tuesday said the President also approved scholarships to the four children of Mr. Adowei Elliot, a Delta State indigene killed during the post-election violence. Dare announced these during the inauguration of the National Governing Board of the NYSC on Tuesday in Abuja. The 10 Corps members were killed in Bauchi State in some northern states following the 2011 election won by former President Goodluck Jonathan. In a statement by the Director of Press and Public Relations in the Mi...
Governor Abdullahi Ganduje of Kano says he has compensated APC women by giving them more political opportunities in the state than they aspired. The governor also pledged to support more women aspiring for political offices in 2023, saying that more women are needed in the mainstream political sphere. Mr Ganduje made the pledge on Monday evening at an interactive session with journalists as part of activities to mark the Nation’s Democracy Day. He noted that the ruling party in the state, APC, had previously supported women with political ambition. He said, ”Although the party made it open and free for female contestants to obtain registration forms for various positions, they had ceased (sic) the opportunity.” ”But despite their failure to make it to their aspired positions, the administr...
The Kwara State Government has urged citizens of the state to remain vigilant and protect themselves against Covid-19 infection despite the government’s success in containing the disease. The Kwara State Governor, AbdulRahman AbdulRazaq, expressed this yesterday while receiving the Nigeria Covid-19 Action Recovery and Economic Stimulus Committee. Represented by his Deputy, Mr Kayode Alabi, the Governor said Covid – 19 has wreaked havoc in the world but had been contained by State Government’s proactive intervention and public support. AbdulRazaq applauded the Federal Government’s NG CARES Initiative for prioritising the vulnerable and cushioning the effect of Covid – 19 by supporting each state with 20 Million Dollars in World Bank Group grants. The Governor assured Kwarans of proper use o...
State governors under the platform of the Peoples Democratic Party (PDP) have pledged to provide the needed platform for the party to return to power at the national level in 2023. The Chairman of the PDP Governors Forum and Governor of Sokoto State, Aminu Tambuwal, made the pledge on Sunday at a state banquet, organised by the Akwa lbom State Government, ahead of the forum meeting in Uyo on Monday. Mr Tambuwal said the PDP governors would not disappoint Nigerians who are looking up to them to actualise their yearnings for the party to return to power in 2023. “These star-studded leaders of PDP governors in their respective states and political generals are determined by the grace of God through your prayers, support and cooperation, to rescue Nigeria. “It is a task that we must accomplish...