DMO: Nigeria Working on Details of Proposed Dollar-denominated Local Bond
Naira dips to N1,250/$ at parallel market, N1,234/$1, official market
Ndubuisi Francis in Abuja and Nume Ekeghe in Lagos
Nigeria is working on the details of the proposed dollar-denominated domestic bonds, which is part of
overall measures by the federal government to address the foreign exchange crisis, the Debt Manage-
ment Office (DMO) has confirmed. The Minister of Finance and Coordinating Minister of the
Economy, Mr. Wale Edun had recently announced plans to initiate the issuance of domestic bonds
denominated in foreign currency Continued on page 23
President: State Policing Will Address Demands of Various Nigerian Communities... Page 25 Tuesday 23 April, 2024 Vol 29. No 10604. Price: N400
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Ex-British Envoy Urges Nigeria to Reject IMF’s Projected Low Economic Ranking... Page 5
In Historic Move, NERC Transfers Regulatory Oversight to Enugu Electricity Commission State-controlled regulators to determine tariffs for residents
Emmanuel Addeh in Abuja
In a move that will significantly
alter the Nigerian Electricity Supply Industry (NESI), the Nigerian Electricity Regulatory Commission
(NERC), yesterday, in an Order, kickstarted the process of handing over its regulatory oversight power to the
Enugu State Electricity Regulatory Commission (EERC) in compliance with the new Electricity Act, 2023.
In essence, when the process is completed, EERC will have the exclusive power to determine tariff for
power consumers in the state, thus, Continued on page 23
Tinubu: External Funding Fuelling Illegal Mining, Terrorism in Africa Says global community owes continent duty in fight against illegal activities Calls for regional counter-terrorism centre to combat terrorism Stresses Africa must address social injustice, poverty President approves re-composition of NSWG for NEITI Story on page 23
High-level African Counter-terrorism meeting in Abuja...
L-R: Chairman, Governors Forum and Kwara State Governor, Abdulrahman AbdulRasaq; National Security Adviser, Mallam Nuhu Ribadu; Deputy Secretary General, United Nations, Amina Mohammed; Togolese President, Faure Gnassingbe; President Bola Ahmed Tinubu; Ghana President, Nana Addo Akufo-Addo; Chairperson, African Union Commission, Moussa Faki; President, Economic Community of West African States (ECOWAS), Omar Touray; Under Secretary-General, United Nations Office of Counter-Terrorism, Vladimir Voronkov. In the back row: Minister of Justice and Attorney General of the Federation, Lateef Fagbemi; Minister of Defence, Mohammed Badaru; Borno State Governor, Babangana Zulum; FCT Minister, Nyesom Wike; Chief of Staff to the President, Femi Gbajabiamila; Imo State Governor, Hope Uzodimma; Minister of Foreign Affairs, Yussuf Tuggar; Minister of state for Defence, Bello Matawalle; and Chief of Defence Staff, General Christopher Musa, during the High-level African Counter-terrorism meeting held in Abuja... yesterday PHOTO: GODWIN OMOIGUI.