₦airaland Forum

"Empathy is about finding echoes of another person within yourself" - Mohsin Hamid.

The more I grow, the more i realize that religion, Tribe and other affiliations are tools initially meant to bring people closer but ended up making them wider apart. We all bleed red, humanity first.

Retards

GOD bless Nigeria !!!

After series of delays, the Federal Government on Thursday released the pricing of its $1bn Eurobond, disclosing that the bond was approximately eight times oversubscribed with orders in excess of $7.8bn.

The subscription rate was contained in a statement by the Director of Information in the Federal Ministry of Finance, Mr. Salisu Dambatta.



The statement said the bond would bear an interest rate of 7.87 per cent, adding that it would be repaid after 15 years on February 16, 2032.

The pricing of the bond, according to the statement, was determined following a roadshow to key global financial centres led by the Minister of Finance, Mrs. Kemi Adeosun; Minister of Budget and National Planning, Senator Udo Udoma; and Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele.

Others are the Director-General of the Debt Management Office, Dr. Abraham Nwankwo; and the Director-General, Budget Office of the Federation, Mr. Ben Akabueze.

The statement read in part, “The Federal Republic of Nigeria today (Thursday) announces that it has priced its offering of $1bn aggregate principal amount of notes under its newly established $1bn Global Medium Term Note programme.

“The Notes will bear interest at a rate of 7.875 per cent and will mature on February 16, 2032, with a bullet repayment of the principal. The Republic (of Nigeria) intends to use the proceeds of the notes to fund capital expenditures in the 2016 budget.

“The Notes represent the Republic’s third Eurobond issuance, following issuances in 2011 and 2013. The Notes were approximately eight times oversubscribed with orders in excess of $7.8bn, compared to a pre-issuance target of $1bn, demonstrating strong market appetite for Nigeria.”

The statement said despite continued volatility in emerging and frontier markets, the oversubscription of the bond was a demonstration of the confidence by the international investment community in Nigeria’s economic reform agenda.

It explained that the offering attracted significant interest from leading global institutional investors, adding that the bond would be admitted to the official list of the United Kingdom Listing Authority and available to trade on the London Stock Exchange’s regulated market.

It added that the $1bn Eurobond would be eligible for trading and also listed on the Nigerian FMDQ OTC Securities Exchange and the Nigerian Stock Exchange.

The statement quoted Adeosun to have said, “Nigeria is implementing an ambitious economic reform agenda designed to deliver long-term sustainable growth and reduce reliance on oil and gas revenues, while reducing waste and improving the efficiency of government expenditure.

“At the heart of the agenda is a commitment to invest in developing Nigeria’s infrastructure through a target 30 per cent annual budget commitment to capital expenditure.

“We are establishing the building blocks for long-term growth and making the hard decisions that must be made to reset our economy appropriately.”

In his comments, Nwankwo said with the issuance of the bond, the country had extended the tenor of its borrowing programme in the international capital markets to 15 years.

his, according to him, is done at a price that reflects belief in the quality of Nigeria’s cash flows and government.

The statement quoted him to have said, “Nigeria is delighted to have successfully priced its third Eurobond issue.

“We have successfully extended the tenor of our borrowing programme in the international capital markets to 15 years at a price that reflects belief in the quality of Nigeria’s cash flows and government.”

Nwankwo added that the Eurobond was the latest step in a broader debt strategy designed to significantly re-balance Nigeria’s debt profile towards longer term financing and reduce the burden of interest on the country’s annual budget.

This guy "C. Odumegwu Ojukwu" undoubtedly has so much Charisma and would have definitely been a Great role-model for me; Too bad he tainted his legacy by fleeing to Ivory Coast with his Mercedes Benz

In this rare video, we can see how Biafran Commanders Pleaded for amnesty on behalf of the biafran populace which were facing extinction as a result of the war.



https://www.youtube.com/watch?v=mkqqmRhtKHw

You're DULL, thats it.

Wizzyblack3:
Seen
But why dis man nor follow the footsteps of his Emirs dem, make he go marry defile 13 or 14 yrs old gal...

Love to all

[quote author=Acidosis post=48339455]your post made sense until you started using words like black brained,monkeys,

in the sense that you have hatred towards your own race (i'm using you're black).
Next time do not generalize a whole race just to prove a petty point.

Taryur3:
This is the first hausa boy that make use of his brain to invent good thing.others na bomb brain dem get.

congratulations for being the dumbest person i've encountered online today,FISH BRAIN

cnwokike:
Why is it that it is only Igbos and Yorubas that are bashing themselves on Nairaland?
Are there no Hausas/Fulanis on Nairaland?

we just read and laugh it off,i think the hate comments about us hausas(northerners) are actually funny
because the guys who write them are probably some hungry mofos

400billionman:
Very dull nation..
They found a pesticide. Not even that they developed a pesticide
The high cost of fresh tomatoes has even started affecting Tinned tomatoes.
The size which usually sold for N100 is now N200..
Booharry's govt is truly a blessing..

what have you done with your "intelligent" brain to find a solution
stup!d guys everywhere who can't appreciate effort

someone is pained because hausa girls don't want HIM
Dumb mofo,the hostesses are not even arabs but you're too retarded to see that.

keypad1:
And hausa girls will not shake ur hands. See correct muslims from saudi na.

We know who d better muslims are. Yes the ones that have kaaba and host hajj

=

[code][/code][sup][/sup]

cuteraeh:
Thanks for putting brains in my head, arch! I feel so filthy

lol,we live and learn

cuteraeh:
Umaru Dikko? Is baba seriously going back to reopen that case? C'mon

Umar dikko has passed away,this is Mohammed Dikko Umar ( chief of air staff,2010-2012).

ganisucks:
Uselsess minister. Because ☀̤̣̈̇f his irresponsibility, A̶̲̥̅̊Ω̴̩̩̩̥D̶̲̥̅̊ rash decision †̥♥ close down the Maritime University, the loophole W̶̲̥̅̊åS̤̈̊ exploited by Niger Delta Avengers †̥♥ throw the nation into the dark. Now he has started again

w

MRLINGTON:
Aboki...finally..hes worth it tho..loved by CSKA..he get good money unlike d ones dah call dem selves boko haram

you don't sound very educated going by your comment. I'm guessing you're a street boy right?

Just barely 3 days after signing the budget.Cant the writer at least pretend to know how government works and that this is not "merlin" where problems just disappear in a week's episode. SMH for some people...

Pidggin:
Personal vendetta.

comos:
Vendetta mission by Buhari.

with youths like these as a majority, i now see why the youths are still not "the leaders of tomorrow"

Am i the only one who doesn't give a Bleep?

INTROVERT:
1. That woman's gèlè can block someborry's future o ..
2. Why isn't acting president osibanjo hosting the German ppresident I wonder....

Our acting president is too big for a mere German President
Perhaps The Chancellor Angela,he might consider then

AyoolaIgwe:
na u mumu. u dull, u foolish big time! Let me quickly remind you dat according to NBS, the Northern region (made up of 3 geopolitical zones) is d poorest. If you doubt it, check it out on NBS website. Don't talk about d SE as if na SW or ur slave master, d Northern Region

mehn to think you're even a graduate is whats scary..youre one of the most stuupid human beings i have ever encountered online.What concerns the poverty in the north and my post.i'm very sure you have congenital stupidity..very daft human being..ugly goat,with your face like expired oats.Dont fucking qoute me again or i'll Bleep you up.Useless human being

chesterlee:
How about a random Almajiri bombing his brothers up north just because of Western education...


That's the height of foolishness!

Mumu face topic,we're talking about Niger Delta here not boko Haram. Simple comprehension skills ...

hungryboy:
I dey pity this Emir Sanusi sha,
To wear masquerade attire for 365 days no be beans

To wear something as majestic as that is something all of your whole family will never have the honour of doing... why you guys suffer from inferiority complex so much is beyond me. To you everything thats not western is synonymous to masquerade abi? ****

No

with this attitude,you'll never make it..i promise ya

Airforce1:
please direct your question at your president and dasuki.

Thank you