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DMO announces N720 billion borrowing plans

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DMO says Nigeria’s public debt stock hits N42trn

Debt Management Office (DMO) has reviewed its bonds issuance calendar for the third quarter of 2022.

According to the revised calendar, the DMO is scheduled to raise about N720 billion through some re-opened Federal Government of Nigeria (FGN) bonds.

On 19 July, the office was scheduled to re-open a March 2025 FGN bond valued at between N70 billion to N80 billion, and an interest rate of 13.53 per cent per annum.

It has a two years, eight months maturity period, with an original tenor of seven years.

On the same date (19 July), the DMO re-opened an April 2032 FGN bond valued at between N70 billion to N80 billion at a 12.50 per cent interest rate per annum.

Term-to-Maturity is nine years, nine months, with an original tenor of 10 years.

Also, on 19 July, the DMO re-opened a January 2042 FGN bond valued at between N70 billion to N80 billion, at an interest rate of 13 per cent per annum, with a maturity period of 19 years, six months. It had an original tenor of 20 years.

On 15 August, the DMO, again, re-opened the March 2025 FGN bond, valued at between N70 billion to N80 billion, at an interest rate of 13.53 per cent per annum.

It had a maturity period of two years and seven months.

On 15 August, it also re-opened the 2032 FGN bond valued at between N70 billion to N80 billion at an interest rate of 12.50 per cent per annum.

Its Term-to-Maturity was now nine years, eight months.

On the same date, the DMO, again, re-opened the January 2032 FGN bond valued at between N70 billion to N80 billion, at an interest rate of 13 per cent per annum.

The maturity period was 19 years and five months.

On 19 September, the DMO will, again, re-open the March 2025 FGN bond valued at between N70 billion to N80 billion, at the rate of 13.53 per cent per annum.

The maturity period will now be two years and four months.

On the same date (19 September), the office will also re-open the April 2032 FGN bond valued at between N70 billion to N80 billion, at a 12.50 per cent interest rate per annum.

Its Term-to-Maturity will be nine years and seven months.

On 19 September, the DMO will re-open a March 2037 FGN bond valued at between N70 billion to N80 billion, at an interest rate of 16.24 per cent per annum.

It has a Term-to-Maturity of 14 years and seven months, and an original tenor of 20 years.

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Gombe gov. congratulates new NUJ National President

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Gov. Inuwa Yahaya of Gombe State has congratulated Alhassan Yahya on his election as National President of Nigeria Union of Journalists (NUJ).

Yahaya, in a congratulatory message issued to newsmen on Thursday in Gombe, expressed joy over Yahya’s ‘resounding victory’ at the just-concluded 8th Triennial Delegates’ Conference in Owerri, Imo.

The governor, in the statement issued by his Media Aide, Mr Ismaila Uba-Misilli, described Alhassan’s victory as a remarkable achievement and source of immense pride for the state and the entire journalism community.

He praised Alhassan’s journey and impressive rise in the NUJ leadership.

“From your humble beginning at the chapel level, to the state, zonal and now the national level, you have showed consistency, demonstrated unmatched courage, integrity and passion for journalism and the welfare of journalists.

“Your election as the national president of NUJ is a reflection of the trust journalists across Nigeria have in your capacity to lead.

“Your commitment, integrity and vision have made you a shining example of what it means to be a leader in the field of journalism and I commend you for these sterling attributes,” he said.

Yahaya, while expressing confidence in Alhassan’s ability to unite and lead the union toward progress and professionalism, assured him of the support, solidarity and goodwill of the government and people of the state.

“We are confident that under your leadership, NUJ will witness a new era of progress, unity and professionalism that will further elevate the role of journalism in promoting national development,” he said.

The governor acknowledged the vital role of a united and committed press in advancing democratic ideals and national development.

He also praised journalists for the peaceful conduct of the election, while wishing the new NUJ leadership a successful and impactful tenure.

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Headlines

Gombe gov. congratulates new NUJ National President

Published

on

Gov. Inuwa Yahaya of Gombe State has congratulated Alhassan Yahya on his election as National President of Nigeria Union of Journalists (NUJ).

Yahaya, in a congratulatory message issued to newsmen on Thursday in Gombe, expressed joy over Yahya’s ‘resounding victory’ at the just-concluded 8th Triennial Delegates’ Conference in Owerri, Imo.

The governor, in the statement issued by his Media Aide, Mr Ismaila Uba-Misilli, described Alhassan’s victory as a remarkable achievement and source of immense pride for the state and the entire journalism community.

He praised Alhassan’s journey and impressive rise in the NUJ leadership.

“From your humble beginning at the chapel level, to the state, zonal and now the national level, you have showed consistency, demonstrated unmatched courage, integrity and passion for journalism and the welfare of journalists.

“Your election as the national president of NUJ is a reflection of the trust journalists across Nigeria have in your capacity to lead.

“Your commitment, integrity and vision have made you a shining example of what it means to be a leader in the field of journalism and I commend you for these sterling attributes,” he said.

Yahaya, while expressing confidence in Alhassan’s ability to unite and lead the union toward progress and professionalism, assured him of the support, solidarity and goodwill of the government and people of the state.

“We are confident that under your leadership, NUJ will witness a new era of progress, unity and professionalism that will further elevate the role of journalism in promoting national development,” he said.

The governor acknowledged the vital role of a united and committed press in advancing democratic ideals and national development.

He also praised journalists for the peaceful conduct of the election, while wishing the new NUJ leadership a successful and impactful tenure.

 

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Crime

Court remands man for allegedly causing death of his unborn child

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An Iyaganku Chief Magistrates’ Court sitting in Ibadan on Thursday ordered the remand of a 52-year-old man, Taiwo Olaniyan, in Agodi correctional facility for allegedly causing the death of his unborn child.

The Chief Magistrate, Mrs Olabisi Ogunkanmi, who did not take the defendant’s plea for lack of jurisdiction, ordered his remand in Agodi correctional facility, Ibadan.

Ogunkanmi held that the defendant would remain in custody pending receipt of advice from the Directorate of Public Prosecution (DPP).

She, thereafter, adjourned the matter till Dec. 12 for mention.

Earlier, the Prosecutor, Cpl. Akeem Akinloye, had arraigned the defendant, who resides at Apata area of Ibadan, on a three-count charge bordering on assault and causing death of an unborn child.

Akinloye told the court that the defendant had, on May 2018, assaulted his wife, Rukayat Babajide, by inflicting injury on her.

He said that the defendant caused the death of the foetus due to his assault on his wife during pregnancy.

The prosecutor said that the couple had been married for 14 years, with two children.

According to him, the offences contravene Section 316 and punishable under Sections 319, 328 and 355 of the Criminal Code Laws of Oyo State, 2000.

NAN reports that if found guilty of the charges, the defendant maybe sentenced to three years imprisonment under section 355, while section 328 stipulates life imprisonment and section 319 death sentence for any convicted offender.

 

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