JUST-IN: FG’s Dollar Bond Attracts $900 Million Subscription

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said Nigeria’s first-ever foreign-currency domestic bond has secured $900m in subscriptions. While discussing the results of the historic bond issuance on Tuesday, Edun noted that the oversubscription reflects investor confidence in Nigeria’s economic stability and potential for growth. “The issuance of this…

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85% Of Nigerian Foreign Scholarship Students Don’t Return – Minister Laments 

The Minister of Education, Mr. Tunji Alausa, has lamented that 85 per cent of Nigerian students sent abroad on government scholarships never returned to contribute to national development. This came as he announced that tertiary institutions with fewer than 2,000 students will no longer be eligible for funding from the Tertiary Education Trust Fund. Speaking…

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BREAKING: Chinese Investors Take Over Nigeria’s Guest Houses In England, To Sell On eBay For $2.2 Million

A Chinese investment group racing to recover up to $70 million in arbitration awards from Nigeria has concluded plans to list two residential structures it confiscated from the country for sale on global online marketplace eBay, Peoples Gazette was told by people familiar with the arrangement. Zhongshang Fucheng Industrial Investment Ltd took possession of two…

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Harrison Gwamnishu, Family Of Kidnapped Edo Couple In Ransom Controversy 

Fresh details have continued to complicate the online storm surrounding human rights activist, Harrison Gwamnishu, following new assertions credited to his lawyer amid investigations into a ransom-delivery operation in Edo State. The latest twist emerged after Ossai Ovie Success, Senior Special Assistant to the Delta State Governor, shared an account on his Facebook page reportedly…

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Three PDP Senators Meet Tinubu, Defect To APC

The ranks of the opposition Peoples Democratic Party, PDP, have continued to deplete as three serving senators from Kebbi State, elected on the party’s platform have formally declared their intention to join the ruling All Progressives Congress, APC. The three Senators met with President Bola Tinubu, Friday, at the presidential Villa, Abuja. The lawmakers are…

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Damagum Orders Security Agencies To Arrest PDP Factional National Chairman

Umar Illiya Damagum, the acting National Chairman of the Peoples Democratic Party (PDP), has directed security agencies to arrest the factional chairman, Ahmed Yayari Mohammed. The order follows accusations that Mohammed and his faction have violated a subsisting court order regarding their legitimacy and actions within the party. The internal power struggle, which has embroiled…

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