The Debt Management Office (DMO) last week hedged against escalating borrowing costs by selling 76 percent less bond on offer at its monthly debt auction, as most bids came above its interest rate cut off point.
The DMO is expected to continue with such cautionary debt management steps, according to analysts, amid growing debt service payments which have spiked from below N200 billion a year in 2007 to over N550 billion in 2012.
Headline News
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Seafaring as a career is set for boom in the next few years as Nigeria has finally moved to comply with the International Labour Organisation’s (ILO) new maritime standards and practices, as... |
The Federal Government has grounded two planes from Nairobi at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos, over alleged deportation and flight status issues.
BusinessDay... |
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Kenyan shares halted an eight-session slide and the shilling rose after the government allayed concerns that plans to re-introduce a tax on capital gains would dull the appeal of equities and... |
Cameroon's cocoa grinders' purchases rose 2 percent to 29,205 tonnes by the end of May since the start of the 2012/13 season in August, compared with last season, data from the National... |
Markets
Analysis
Wole Shadare reporting in the Nigeria Guardian News online did highlight that airports development is one of the keys to economic development. Citing Dubai’s international airport, the thrust of his report is that as business markets become national and international in scale, airports are increasingly being seen as catalysts for local...
Multimedia
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If something is really good online, chances are it will find its way offline soon enough and that’s what the tam at iRokoTV is looking to do with its latest offering, ventureburn reports... |
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A professor of petroleum economics has stressed the need for the creation of an advisory National Petroleum and Energy Policy Council to drive the nation’s oil and gas industry.
Wumi Iledare, director, Energy Information and Data...
Emeka Ene is the president of the Petroleum Technology Association of Nigeria, PETAN, an association that has been at the vanguard of realising the local content development in the oil and gas industry. The PETAN boss in an interview with Olusola...
Oando Energy Services Limited (OESL), an indigenous provider of swamp drilling rigs services and a subsidiary of Oando plc is apparently not relenting in positioning itself as a go-to service company when it comes to drilling of rigs.
OES...
Forte Oil plc, formally African Petroleum has projected N3billion Profits after Tax in 2013, Akin Akinfemiwa, the group chief executive officer, has said. He said that the present administration had been able to improve the financial base of the...
Shale gas has become an issue in recent time world over. Various governments have set up groups of experts to look around their countries and see if the resource is available, and if it is available in what quantity.
Unfortunately the recent...
Last week, reports of Chevron’s plan to sell off interest in two Nigerian assets flooded the media space. It is the latest of the divestment of assets by international oil companies (IOCs), operating in the nation’s oil and gas industry...
To the millions of college and high school seniors who recently graduated (and to their parents, who weathered the ups and downs of reaching that summit): congratulations on a job well done. After the celebration dies down, you’ll no doubt be...
Your home is likely your most valuable asset so make sure you protect it! While insurance agents will help determine the kind of coverage you can buy, it is ultimately your responsibility to know what the policy covers and to make sure you’re...
To the millions of college and high school seniors who recently graduated (and to their parents, who weathered the ups and downs of reaching that summit): congratulations on a job well done. After the celebration dies down, you’ll no doubt be...
Your home is likely your most valuable asset so make sure you protect it! While insurance agents will help determine the kind of coverage you can buy, it is ultimately your responsibility to know what the policy covers and to make sure you’re...
As the Nigerian Christian Pilgrim Commission (NCPC) prepares for the 2013 Christian Pilgrimage to Israel, Rome and Greece, the commission has disclosed that only two airlines have so far bid for air carrier’s job that would see the successful...
Cargo agents operating in and out of the Murtala Mohammed Airport (MMA), Lagos have been warned to desist from shipping dangerous and prohibited goods to and from their destinations as this might land them in prison if detected.
At a seminar...
As part of plans to transform and rejuvenate travellers experience and up its services globally, Lufthansa German airline said it is investing €3bn (N600 billion) on new aircraft, (new business class, first class and Economy) and ground...
Panoro Energy ASA’s wholly-owned subsidiary Pan Petroleum Aje Limited has agreed in principle the terms of sale with Nigerian company Lekoil for its 6.502 percent participating interest in the OML 113 license offshore Nigeria, which includes...
Nigeria, with approximately 15 percent of Africa’s population, holds the key to unlocking Africa’s growth potential, according to Jim O’Neill, chairman, Goldman Sachs Asset Management.
If Africa could behave more together...
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