Total Subscription for NTBs Hits N38.08 Trillion in 2024 as CBN Mops up Liquidity Kayode Tokede
As the Central Bank of Nigeria (CBN) intensifies the mopping up of liquidity in the financial sector,
the total investors' subscription to the Nigerian Treasury Bills (NTBs) increased from N23.51trillion recorded in the 2023 financial year to N38.08 trillion in 2024, a report
by the apex bank has revealed. According to the ‘Primary Market’ data by CBN, the N38.08 trillion NTBs subscription in the year under review was on the
backdrop of demand for risk-free instruments and hedge against increasing inflation rate by investors. NTBs are typically issued by CBN to meet the government's
short-term financing needs and are considered a safe and low-risk investment. In the period under review, the CBN offered to raise N7.6
trillion from the NTBs market and eventually settled successfully for N12.4 trillion in total. Continued on page 5
Odili: Fubara Prevented One Man’s Quest to Capture Rivers as Private Estate… Page 8 Sunday, December 29, 2024 Vol 29. No 10857
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States Oppose N'Assembly's Plan to Alter Electricity Act, Make NEMSA Sole Regulator of Technical Standards…Page 6
Without Claiming Responsibility, Putin Apologises for Azerbaijan Plane Crash, Airlines Cancel Flights to Russia
Chinedu Eze
Russia's President Vladimir Putin has apologised to the president of neighbouring Azerbaijan for the
downing of a commercial airliner in Russian airspace last Wednesday, in which 38 people were killed, but stopped short of saying Russia was responsible.
This is just as several airlines have announced the suspension of flights to Russian cities after Western experts and the US suggested the crash of the Azerbaijan Airlines may
have been caused by a Russian anti-aircraft missile. In his first comments on the Christmas Day crash, Putin said the "tragic incident" had occurred
when Russian air defence systems were actively repelling Ukrainian drones. Ukraine's President Volodymyr Zelensky said Russia must "stop
spreading disinformation" about the strike. The plane reportedly came Continued on page 5
Shettima Seeks Cooperation of Communities in Targeting of Terrorists Apologises over military airstrike in Sokoto Says Tinubu determined to wipe out agents of terror
Deji Elumoye in Abuja Vice President Kashim Shettima yesterday appealed to the communities located at the flashpoints of the war against terror to provide useful information for the Nigerian military to maintain accuracy and precision in targeting terrorists. Shettima, who also formally apologised on behalf of the federal government over the recent military airstrike in Sokoto State, extended deep condolences to the government and people of the state over those who lost their lives in the coordinated joint operation against the members
of the Lakurawa terrorist group in their hideouts at Gidan Sama and Rumtuwa communities in Silame Local Government Area (LGA) of the state. No fewer than 10 villagers were reportedly killed and several others injured on December 25, 2024, when the military targeted a logistics base of the Lakurawa insurgent group in the Silame area of Sokoto State. In a statement issued by his Media Assistant, Stanley Nkwocha, the vice president, who reiterated President Bola Tinubu’s determination to wipe Continued on page 5
NNPCL: Tinubu Doesn’t Interfere FUNFAIR AS CALABAR CARNIVAL KICKS OFF… L-R: Cross River State Governor, Bassey Otu; his wife, Eyoanwan; and former First Lady, Hajia Aisha Buhari, during the parade of participants at in Our Operations…Page 5 the Governor's Adjudication Point for Calabar Festival 2024 along Mary Slessor Avenue, Calabar...yesterday