Thursday, November 22, 2012

Lagos Government Issues N80bn Bond To Fund 10 Lane Road, Rail Projects

The Lagos State government seven-year bond, with Chapel Hill Denim Limited as lead book runner/ issuing house, is the largest sub-national bond ever issued in Nigeria and represents the first tranche, under its N167.5 billion debt issuance programme between now and 2019.

Quotes Of The Day !!!

Photo: Three Crushed To Death As Container Falls On Car In Lagos

No fewer than three persons were crushed to death yesterday [Nov. 21] when a 40-feet containerized vehicle fell on a Mazda car on the Badagry-Seme Expressway. The accident which occurred at about 1.15pm was attributed to the bad road which has been a nightmare to commuters and other users of the road.

Investors To Take Over Power Firms July 2013

The preferred bidders for the country’s power generation and distribution firms are expected to take control of the companies between June and July next year, the Bureau of Public Enterprises has said.
The Acting Director, Electric Power Department, BPE, Mr. Ibrahim Babagana, said this on Wednesday at a workshop on the Nigerian capital markets, which was held in Lagos.

Some Economists Describe Nigeria As The Worst Place To Be Born In The World. (Agree ?)

Nigeria is known for many things, some good and admittedly, some really bad. In recent times, there have been a number of research reports completed by international organizations and the results have not be favourable for Nigeria. In October 2012, the African Insurance Organisation ranked Nigeria as the “Kidnap for Ransom Capital of the World” accounting for 25% of Global Kidnappings. In June 2012, the Global Peace Index ranked Nigeria as the sixth most dangerous African country to live in.

Jail Is too good for Nigerian Pastors

Recently, the Daily Mail, UK, had a feature on Bishop David Oyedepo. He was accused (alongside his son who ‘manages’ the UK branch) of fleecing worshippers by making “spurious claims” and “cynical exploitation of the gullible”.

The undercover journalist who visited the British church and the British MP who condemned him acted ignorant of the antithesis of faith and logicality when they expressed surprise about how people were urged to give more money in return for blessings that were neither guaranteed nor cognisant of the realities on ground.

Fire Guts PM News Lagos Office

The head office of Independent Communication Network Limited, publishers of The News Magazine and P.M. News, was yesterday gutted by fire.
The entire last floor of the three-story building situated on Acme Road, Ogba, Ikeja was razed down, while the second floor was partly destroyed. No one was injured in the inferno but equipment worth millions of Naira were destroyed. The fire was caused by power surge.

Some Nigerians Are Claiming To Be Jewish ( O.Y.O)

Anambra Assembly Votes For Additional State - Orimili State

Do we need more states in Nigeria?

The Anambra State House of Assembly, on Tuesday, threw its weight behind the clamour for the creation of Orimili State out of the present Anambra.

Passing the motion sponsored by Hon. Tony One week Muonagor and seconded by Emeka Idu, the House urged Governor Peter Obi, National Assembly members from the state, and Anambra indigenes within and outside the country to support the demand for the new state.


Please Like Us On facebook