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 Nigeria rakes $1.25 billion through Eurobonds in the International Capital Market – DMO

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Factual Pursuit of Truth for Progress

Nigeria has pulled in  a $1.250billion seven-year Eurobond in the International Capital Market (ICM).Proceeds of the Eurobond will be used to finance critical capital projects in the 2022 Budget to bridge infrastructure deficit and strengthen Nigeria’s economic recovery.

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This was announced by the Debt Management Office (DMO) in a statement on Thursday that the Eurobond offer was launched at an initial price of 8.75 per cent per annum,  adding that on the back of strong investor demand, Nigeria was able to revise the price guidance to 8.5 per cent per annum. According to the DMO, the Order Book continued to grow, reaching a peak of $4 billion.

The Order Book included many quality investors in the United States, Europe and Asia. “With this strong investor interest, the price was tightened to 8.375% per annum; the Order Book still remained high at USD 3.676 billion and retained the quality investors.

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“Nigerian investors also participated in the Offer with a total subscription of USD60 million” The proceeds of the Eurobond will be used to finance critical capital projects in the Budget to bridge the deficit in infrastructure and strengthen Nigeria’s economic recovery.

“Equally important, it would contribute directly and in full to the level of Nigeria’s external reserves,” the DMO said Nigeria’s ability to access the ICM at this time underscores her established presence in the ICM and engagement with investors on a continuous basis.

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VeekiRoyce Set To Splash Thousands On Fans To Celebrate Her New Single “Oba”

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VeekiRoyce Set To Splash Thousands On Fans To Celebrate Her New Single

Veekiroyce, Nigeria gospel artiste currently trending with her hit single “On God”  has finally revealed her intentions to help few fans in what she tagged #Obagiveawaychallenge.

 

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Veekiroyce who suddenly got into lime light in December last year with “On God” has taken to her Instagram handle to reveal her plans on celebrating her new single “OBA” .

 

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VeekiRoyce Set To Splash Thousands On Fans To Celebrate Her New Single

 

With this move, veekiroyce is set to become amongst the few gospel artiste to run an online give away in recent time.

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Follow @veekiroyce for the cash splash..

 

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See prove.

 

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https://www.instagram.com/tv/Cdpm2ABF5o1/?igshid=YmMyMTA2M2Y=

 

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Police destroy over 4000 wraps of illicit drugs worth N10m in Lagos

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Police destroy over 4000 wraps of illicit drugs worth N10m in Lagos

Lagos State Police Command on Tuesday May 17, destroyed over 4000 wraps of illicit drugs worth N10 million at Ewu-Elepe Dump Site, Ikorodu.

 

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The drugs were intercepted by RRS officials on patrol of Mile 2 around 4:00 am on 3rd of April, 2022.

 

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Present at the site of the destruction were the Deputy Commissioner of Police in charge of Operations, DCP Ahmed Kontangora, Commander RRS, CSP Yinka Egbeyemi, and  representatives of the NDLEA, NAFDAC, KAI, LSNC, etc.

 

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Police destroy over 4000 wraps of illicit drugs worth N10m in Lagos

Police destroy over 4000 wraps of illicit drugs worth N10m in Lagos Police destroy over 4000 wraps of illicit drugs worth N10m in Lagos Police destroy over 4000 wraps of illicit drugs worth N10m in Lagos

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Homeless ex-convict arrested for shooting father of five to death in park

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Homeless ex-convict arrested for shooting father of five to death in park

A homeless ex-convict has been arrested for shooting a 62-year-old father of five to death in a Bronx park, New York five months ago.

 

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Ricardo Ferguson, 36, is charged with murder, manslaughter and gun possession for the December 5 shooting of Robert Brown, 62 (pictured above)

Ferguson and another man got into an argument with the victim inside Aqueduct Walk Park, and then allegedly shot him in the head, police said on Tuesday, May 5.

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Before he was shot Brown was sitting on a park bench just steps from home.

After he was shot First emergency responders found him face down on the ground, he was rushed to hospital but it was too late as he couldn’t be saved

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Brown’s family said they couldn’t understand why anyone would kill the  father of five who was well liked by everyone in the community.

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“My brother was loving and giving,” said his sister, Tina Brown, 48. “He would help anyone. He was just catching some air in the park. This is unbelievable.”

Police revealed that Ferguson had about eight previous arrests and he was released from prison in Sept. 2020 after serving time for gun possession.

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