fgn

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    FG DEMANDS BVN, NIN FOR $500M BOND SUBSCRIPTION

    FG DEMANDS BVN, NIN FOR $500M BOND SUBSCRIPTION Main Points: 1. New Financial Instrument Requirements: - The Federal Government requires investors in its new domestic dollar bond to provide a Bank Verification Number (BVN) and National Identification Number (NIN). - The bond is part of a...
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    $500 MILLION DOMESTIC FGN US DOLLAR BOND ISSUANCE

    $500 MILLION DOMESTIC FGN US DOLLAR BOND ISSUANCE 1. Target Audience: - Pension Funds and Banks: The Federal Government is specifically targeting pension funds, which are worth over N20 trillion, and banks as key participants in this maiden bond offering. - Nigerians and Foreigners: The...
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    PRIVATE JET CONTROVERSY, WINDFALL TAX, AND BANK CAPITALISATION

    PRIVATE JET CONTROVERSY, WINDFALL TAX, AND BANK CAPITALISATION SUMMARY: Recent debates in Nigeria's banking sector have focused on two major issues: a proposed windfall tax on banks' excess profits and the purchase of private jets by bank executives. These topics featured prominently in a...
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    FG NEEDS N35bn TO RESTART AJAOKUTA LIGHT STEEL SECTION - MINISTER

    FG NEEDS N35bn TO RESTART AJAOKUTA LIGHT STEEL SECTION - MINISTER The Federal Government has made significant progress in raising over N35 billion needed to restart the Ajaokuta Steel Company’s Light Mill Section (LMS), according to Prince Shuaibu Audu, Minister of Steel Development. During a...
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