Business
Nigeria Sells 111bn Naira in 2019, 2022 Bonds
Nigeria raised 111 billion naira ($703.73 million) at a bond auction on Wednesday, its second this year, with yields on the 2019 bonds marginally higher than at its previous auction, while yielding fell on its 2012 bonds, the Debt Management Office said on Thursday.
The debt office said it auctioned 35 billion naira each in the 10-year bonds due to mature in 2019 and 2022, while it issued an additional 41 billion naira in 2022 maturity paper in a non-competitive sale.
The 2019 bonds were sold at a marginal rate of 16.16 per cent, higher than the 16 per cent they yielded at the previous auction while the 2022 instruments were issued at 15.89 per cent compared with 16.39 per cent at the January auction, the debt office said.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
NCDMB Council, Mgt Seek Improvements In Corporate Governance, Performance
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