FG Launches $500m FX-denominated Local Bond, Offer Opens on Monday Edun says it's bold step towards economic transformation Ndubuisi Francis in Abuja and Kayode Tokede in Lagos
The federal government has launched a $500 million FX-denominated domestic bond, marking a significant milestone
in the country's economic reform and development journey. Minister of Finance and Coordinating
Minister of the Economy, Mr. Wale Edun, unveiled the Series I USD500 million Domestic FGN US Dollar Bond
in Lagos yesterday. Edun stated that the launch was a bold step towards economic
transformation to attract both local Continued on page 5
FG Inaugurates Technical Sub-Committee on Crude Sales to Local Refineries in Naira... Page 12 Friday, August 16, 2024 Vol 29. No 10719. Price: N400
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NJC Recommends Justice Kudirat Kekere-Ekun as CJN ... Page 5
How Mele Kyari Rescued Nigeria, Increased Oil Production By 60,000 Barrels Per Day First E&P narrates how NNPC saved company Emmanuel Addeh in Abuja Despite the harsh criticisms of the Nigerian National Petroleum
Company Limited (NNPCL), the national oil company under Mele Kyari as Group CEO, has in recent times worked very hard to improve
Nigeria’s daily crude production by as much as 60,000 barrels per day, it was learnt yesterday. Slowly and steadily, the Group
Chief Executive, Mele Kyari, of the NNPCL is returning Nigeria to the heyday of producing crude oil sufficient to satisfy its Organisation
of Petroleum Exporting Countries (OPEC) quota. Indeed, from a low of 900,000 barrels monthly oil production in
the last quarter of 2022, under the Kyari-led NNPCL, Nigeria in July Continued on page 5
FG to Chinese Firm: Our Jets Are Sovereign Assets, Immune from Any Seizure Commences legal, diplomatic moves to recover seized presidential aircraft Ogun takes steps to vacate order, faults legal process by foreign firm Obi demands explanation, says situation embarrassing Chuks Okocha, Olawale Ajimotokan, Alex Enumah in Abuja and James Sowole in Abeokuta The federal government, yesterday, reacted to the alleged seizure of three presidential planes in Paris, France, following a dispute between a private Chinese firm and the Ogun State government, saying those aircraft are sovereign assets and, therefore, immune from confiscation.
Citing extant principles of international law, the government acknowledged that the actions of a sub-national or local entity were attributable to the state or country itself. However, the Nigerian government said it had commenced both legal and diplomatic moves to recover the three aircraft in the presidential fleet. At the same time, Ogun State Continued on page 5
STRENGTHENING PARTNERSHIP TO PROTECT CONSUMERS... L-R: Executive Vice Chairman, Federal Competition and Consumer Protection Commission (FCCPC), Tunji Bello with the Chairman of EFCC, Ola Olukoyede during a courtesy visit by the FCCPC team to EFCC headquarters in Abuja ... yesterday
To Curb Food Inflation, FG Unveils New Regulations on Customs Excise Variation Order... Page 5