Economic Downturn: State Governors To Raise Bonds From NSE | Nigeria News
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Economic Downturn: State Governors To Raise Bonds From NSE



Governors Seek bonds for state project
Due to the increase in projects from different states in the country and the matching low revenue, State Governors plan to seek bonds from the Nigerian Stock Exchange, NSE.
Governors Seek bonds for state project

Governors In A Meeting

The Nigerian Governors’ Forum, NGF Chairman, Alhaji Abdulaziz Yari disclosed this at the just concluded Governors’ Forum meeting held at the state House.
Yari added that plans are underway to set up a committee consisting of members of the NSE and the NGF to ensure that the bonds get to the states.
He said that the decision is a necessity as the country is experiencing an economic downturn.
He said, “We received briefing from the Nigerian Stock Exchange on how to address the issue of cash crunch in the nation.”
“They spoke to us on the need to raise bond. Globally, you use external loans and not internal loans to finance infrastructure.”
“ So the stock exchange has given the opportunity to some states that are ready to go into the stock exchange to raise bond to finance some projects because what is tied to the bonds is our income and our income is shrinking.”
“Through the bonds, we can finance projects that will impact on water supply and sanitation among others.”
“We are putting a committee in place made up of members of the stock exchange as well as from the NGF secretariat to work together on that,” he concluded.
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Nigeria breaking news today headlines Wednesday, 05/22/2019



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Good morning, welcome to NIGERIA NEWS, we have provided all the headlines from major Nigeria Newspapers for news summary today being 22nd, May 2019 Nigeria news today headlines on Wednesday, 22nd of May 2019 and here is the top headlines news summary in Nigeria curated by NIGERIA NEWS for your online reads. enjoy

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1. 9th NASS leadership: Why Senator Lawan should be Senate President – Yobe Gov-elect

Alhaji MaiMala Buni, Yobe Governor-elect, has appealed to members of the Upper Chamber of the National Assembly on the platform of the All Progressives Congress (APC) to endorse the candidature of Senator Ahmad Lawan for Senate President.

The governor-elect made the appeal on Monday in a telephone interview with the News Agency of Nigeria, (NAN) in Damaturu.


He said that Lawan, who became a Senator in 2007, representing Yobe North Senatorial District, had exhibited competence, loyalty, commitment and selflessness worthy of a good leader.

2. What Buhari told Nigerian community in Saudi Arabia

President Muhammadu Buhari says the sweeping offensive against drug trafficking will be sustained, urging Nigerians in diaspora to always provide information that will help the government to curb the menace.

Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, in a statement, said the President stated this when he received leaders of Nigerian Community in Saudi Arabia at the end of his Umrah trip on Tuesday.

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3. PDP to Tinubu: Don’t curry relevance with our party, mocks ‘his trip to Mecca’

The Peoples Democratic Party (PDP) Tuesday berated the national leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, for allegedly resorting to
hauling insults against the opposition party to curry political relevance.

It also alleged that Tinubu was ostensibly attacking the PDP for his selfish pecuniary interests.

PDP spokesman, Kola Ologbondiyan said this in a statement made available to newsmen in Abuja.

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4. Atiku vs Buhari: Heavy security ahead of Wednesday’s tribunal sitting

Ahead of the Wednesday sitting of the Presidential Election Tribunal hearing the case of the Peoples Democratic Party (PDP) Atiku Abubakar against President Muhammadu Buhari at the Court of Appeal, the FCT Police Command has announced water tight security.

A statement on Tuesday sent to DAILY POST by DSP Anjuguri Manzah, Police Public Relations Officer, said there will be diversion of traffic at Goodluck Ebele way and Shehu Shagari Way.

5. Acting CJN, Mohammed dragged to court over alleged age falsification

A 46-year-old businessman, Mr Tochi Michael, has dragged Justice Tanko Muhammad, the Acting Chief Justice of Nigeria (CJN) before an FCT High Court over alleged age falsification.

In the originating summon with suit No. FCT/HC/BW/CV/79/2019, filed before the court in April, the petitioner alleged that the CJN deliberately falsified his date of birth.

Michael alleged that the CJN falsified his date of birth from Dec. 31, 1950 as contained in all his official records, including that of WAEC to Dec. 31, 1953 upon his appointment as a judicial officer, NAN reports

6. 2023: Nigeria does not need Tinubu as president – APC chieftain

Former member of the House of Representatives and chieftain of the ruling All Progressives Congress (APC) from Niger State, Hon. Adamu Kuta, has taken a swipe on the national leader of the party, Asiwaju Ahmed Bola Tinubu, over his recent claim that he (Tinubu) is under pressure to contest the presidency in 2023.

Briefing reporters in Minna on Tuesday, Kuta said that the APC national leader is not the president Nigeria wants in 2023.

7. FG shuts down three missions

The Minister of Foreign Affairs, Geoffrey Onyeama, says the Federal Government has closed three of the nation’s foreign missions and downsized another due to insufficient funds.

NAN reports that Onyema said this on Tuesday in Abuja while speaking on activities of the ministry in the last three years.
The Minister said that the countries where Nigeria closed its missions included Sri Lanka, Czech Republic and the Republic of Serbia while Ukraine was drastically downsized.

8. Two APC lawmakers-elect lose Certificates of Return in Kaduna

The Independent National Electoral Commission (INEC) on Tuesday withdrew the Certificates of Return issued to two members-elect of Kaduna State House of Assembly.

The members are Haruna Aliyu popularly known as Chakis and Ibrahim Ismail.

While Aliyu represented Kaduna North II (Kawo), Ismail was the legislator for Kaduna South II (Tudun Wada) constituency.

The duo, whose certificates were withdrawn contested in the All Progressives Congress, APC, primaries where two other contestants, Yusuf Salihu and Nasiru Usman scored 104 and 49 votes at the said elections held on October 7, 2018.

9. Ondo: Mimiko’s appointees battle Akeredolu over unpaid severance allowances

Political aides, who served under the administration of the past immediate Governor of Ondo State, Olusegun Mimiko, have appealed to the incumbent governor, Olawarotimi Akeredolu, to pay them their severance allowance.

The appointees, who urged Akeredolu to emulate his Ekiti State counterpart, Kayode Fayemi, who without hesitation upon assuming office paid Fayose’s aides outstanding arrears, despite belonging to opposing camp.

One of the former aides of Mimiko, Nicholas Tofowomo who is now the senator-elect for the Ondo South Senatorial District, described as deliberate the refusal by Akeredolu to pay them all their entitlements.

10. EPL: Chelsea ordered to pay Conte £9million

Chelsea have been ordered to pay former manager Antonio Conte £9million in compensation, the UK Mirror reports.

Conte, who won the Premier League and FA Cup during his two years in west London, has been embroiled in a bitter divorce from the club.

The Italian was sacked last summer and engaged in a legal fight with the Blues, citing unfair dismissal.

The former Juventus boss, who has held off taking another job during the past 12 months, wanted the final year of his contract paid in full.

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The above are the top 10 breaking news trending news on Google Nigeria News as of May 22nd, 2019 being Wednesday, visit NIGERIA NEWS tomorrow being 23rd of May, Thursday for more news summary

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Nigerian Newspapers: Top Today Headlines On Wednesday 22nd, May 2019



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Here are the Nigerian newspapers Today Headlines on Wednesday, May 22nd, 2019 from

Punch Newspapers Headlines Today Wednesday 22nd, May 2019


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Insecurity: Oyetola threatens total ban on mining

Giroud signs one-year contract extension at Chelsea


Man who spent 45 years in jail for murder he didnt commit gets $1.5m compensation

FG reduces unity schools charges, sets up secondary education commission

Reps push bill prohibiting plastic bags usage

UK MPs to vote on second referendum in new Brexit law

Tottenham ban fans for trying to sell Champions League final tickets

Ogun land encroachment: Ogun-Guangdong Free Trade Zone debunks allegation

Scientists adopt new definition forkilogram

Man allegedly teams up with pregnant concubine to assault wife

May 29: Kwara gov-elect announces low-key swearing-in

La Liga: Alaves appoint Garitano as coach

Recovered assets sales lack transparency, auctioneers lament

We want Nigeria to become one of easiest places to do business, says Osinbajo

Firmino gives Liverpool fitness boost ahead of Champions League final

Milkshakes become weapon of choice in UK European campaign

EFCC arraigns ex-Customs boss, Okafor, for alleged N3bn fraud

2019 budget: Taraba to spend N30m on family planning

Trade war: Adidas, Nike, PUMA say new tariffs on China would be catastrophic

Presidential election tribunal:Police plan traffic diversion over likely APC, PDP clashes

FG approves additional N25bn over ASUU demands

Messi, Aguero in Argentina preliminary Copa America squad

LAUTECH mourns as accident claims two students

EFCC arraigns ex-Customs boss Bridget Okafor for alleged N3bn fraud

Court begins trial of Togolese cook accused of killing boss

Emmanuel Macron invites Buhari to Africa-France summit

George R.R. Martin hints at different Game of Thrones ending

Taraba Council Chair survives auto crash, three killed

Eiffel Tower climber admitted to psychiatric unit

EFCC grills Kwara Assembly Clerk, SSG over alleged N400m severance package paid lawmakers, others

Drugs intercepted by police in Kano not Tramadol NDLEA

May 29: Police uncover plans to disrupt handover in Ogun

Okorocha hasnt released money for my inauguration, says Imo gov-elect

Adewole replies Senate, says national healthcare foundation is bad

Wike sacks monarch over cultism

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Anti-corruption war: Methodist prelate condemns selective fight against scourge

Asamoah Gyan quits international football ahead of 2019 AFCON

BREAKING: Senate queries Adewole over poor state of health infrastructure

Militants kill local MP, six others in India

Court strikes out suit seeking to stop Ihediohas inauguration

UPDATED: Arsenals Mkhitaryan to miss Europa League final over safety fears

Venezuelas president hosts Orji Kalu, congratulates Buhari

Singer, Ciara gets admission to Havard Business School

Obasanjos comments on Boko Haram, divisive, depressing FG

No room for sentiment as Giroud gears up to face Arsenal

Saraki disowns NASS clerk over satanic journalists accreditation guidelines

Army arrests fake soldier for assaulting Baba Fryo

UAE offers golden visas to investors, exceptional talents

We have 4,500 spaces for 4,000 house doctors Adewole

Guardian Newspapers Headlines Today Wednesday 22nd, May 2019

Watch: Daddy Showkey Calls Out EFCC Over Treatment of Naira Marley

160 jostles for 33 permanent secretaries seats in Kano

Oprah Winfrey Responds To Critic Who Trolled Her For Not Paying Off Loans For Students

Reps to criminalise use of plastic bags

Ganduje to dissolve cabinet Wednesday

Firmino gives Liverpool fitness boost ahead of Champions League final

Dalai Lama counters book’s claim about Xi meeting in Delhi

Huawei willing to engage US government for product security

Pompeo says ‘quite possible’ Iran behind Gulf incidents

Zimbabwe hikes fuel prices again as crisis deepens

Watch: Rema Releases Colourful “Dumebi” Video

Nigerian Documentary ‘Awani’ Wins UNESCO Prize

Militant threatens to declare Niger Delta Republic June 1

2-metre sea level rise ‘plausible’ by 2100: study

Lady Gaga’s Mom Named UN’s Goodwill Ambassador

Court dismisses a suit challenging Ihedioha inauguration

National Assembly takes credits of primary health care revamp

Retail Forex Trading on rise in Nigeria, but beware of scams

Buhari’s visit to Imo postponed indefinitely

Ogun police says plans to disrupt Abiodun’s inauguration detected

Sudan protesters plan general strike as talks falter

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Malawi votes in tight three-way election

Rihanna Confirms Her Upcoming Album Will Be A Reggae Project

Kremlin warns Ukraine new leader against calls for more sanctions

No room for sentiment as Giroud gears up to face Arsenal

Mkhitaryan hurts to miss Europa League final

US warns Chinese drones may steal data: report

Nepal bans Alipay, WeChat Pay

How to beat Boko Haram’ Treat women better, analysts say

Arsenal’s Mkhitaryan to miss Europa League final over safety fears

Fake Soldier Who Assaulted Baba Fryo Arrested

European stocks recover, pound falters

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Daily duels over abortion outside Alabama clinics

Police detains vulture, owner

Arsenal’s Mkhitaryan to miss Europa League final over safety fears

Plan B’: Huawei’s operating system headache after Android ban

Egypt to free ex-diplomat critical of Sisi’s rule

Fashions Finest Africa Set To Host A 3-Day Fashion Event In Lagos

Showdown in Congress between Trump, Democrats intensifies

Indonesia’s Joko Widodo re-elected president as rival cries foul

EFCC explains seizure of Imo govt’s N5bn days before elections

Angola to re-bury body of rebel chief Savimbi

Watch: It’s A Twerk Party In Chris Brown’s “Wobble Up” Video Featuring Nicki Minaj And G-Eazy

Samsung shares rise as Huawei struggles

Ex-Barcelona star Xavi’s last match ends in defeat for Al Sadd

Judge’s absence stalls Fayose’s fraud trial

US fires arrow into Huawei’s Achilles heel

Major Moves! Ciara Is ‘Levelling Up’ To Harvard Business School

Semenya to race 3,000m at Diamond League’s Prefontaine

Vanguard Newspapers Headlines Today Wednesday 22nd, May 2019

EFCC reports Justice Taiwo to NJC over restraining order on Okorocha, Saraki

Buhari returns from Saudi Arabia, presides over FEC valedictory session

FG establishes secondary education commission, reduces unity schools’ charges

Part of N400m used for ‘national assignment’ as directed by Jonathan ‘ Metuh

World Bank director for health praises Jonathan for stopping ebola, polio

Honestly, my wife’s complain makes me angry, husband tells court

N400m payment: EFCC quizzes Kwara Assembly Clerk, SSG

Breaking: Aviation unions to disrupt flight activities, declare indefinite strike from Tomorrow

Dickson congratulates Simon Lalong on his emergence as Chairman Northern Gov Forum

Afolayan decries segregation in filmmaking in Africa

150m: Okorocha lied, has not released any dime for my inauguration ‘ Ihedioha

Don’t rely on our party to court relevance, PDP warns Tinubu

Use of plastic bags in Nigeria may be prohibited if

MASSOB backs Obasanjo on alleged FG’s Islamisation agenda

Obaseki extols 14-year-old Vivian Ogu’s morals, 10 years after

Okowa believes in Body of Christ to solve challenges’ Otuaro

Police arrest 20 suspects allegedly terrorizing Sokoto

Nigeria shops for $140b loan to tackle infrastructure decay, says Osinbajo

SNEPCo pays N366bn revenue to FG in 2018 ‘ MD

Orji Uzor Kalu cuts oil deals in Venezuela

APCON: Onuorah, Anyacho & Agbo now Directors

Reps to criminalise use of plastic bags

Fourth Quarter 2018: Pension contributions rise to N5.09trn as enrolment in CPS hits 8.5m

Nigeria cannot deal with only one country ‘ Osinbajo

Accreditation: Saraki disowns NASS clerk over ‘satanic’ journalists’ guidelines

What reduces reward of fasting

Fire ravages Trans Forcados pipeline

No in-fighting in Edo APC, says Obaseki

Nigeria cannot deal with only one country ‘ Osinbajo

No immediate plan to increase petrol pump price ‘ DPR

Akpabio was not suspended, expelled, A-Ibom PDP insists

CBN to limit banks’ appetite for govt securities

Alleged 2bn scam: Court admits exhibits against ex-HoS, Oronsaye

Court orders woman to pay back N50, 000 bride price

Dasuki Gate: Court admits Metuh’s account of N400m expenditure in evidence

NGE rejects accreditation guidelines for journalists covering NASS

La Liga: Alves appoint Garitano as coach

Giroud to remain at Chelsea next season

Ex-Enyimba FC coach, Unuanel sues club over alleged N3.4m debt

Old Mutual partners on innovative insurance solution in Nigeria

Breaking: Cooking gas consumers’ll no longer own cylinders ‘ FG

Gardener remanded over alleged defilement of 13-year-old girl

NUJ President vows to achieve enhanced media salary structure

Game of Thrones’ breaks record with 19.3 million viewership

Breaking: NASS Mgt may drop stringent accreditation for journalists

Judge’s absence stalls fraud trial of Fayose

Chicken Republic to mark 2019 Children’s Day with ‘Kids Say the Most Hilarious Things’ campaign

Investors lose 27m to crypto, forex scams

Obasanjo’s Boko Haram comment insensitive, mischievous ‘ FG

Leadership Newspapers Headlines Today Wednesday 22nd, May 2019

Benue South APC Exco Visits Akume, Lauds His Leadership Style, Vow To Unseat Ortom At The Tribunal

9th Assembly: Right the Wrongs of Past Speakers, Umahi urges Gbajabiamila

Kano Airport New Terminal 90 Percent Ready ‘ Minister

INEC Issues Certificate Of Return To Billiri East Lawmaker

Police Arrest 20 Bandits In Sokoto

Arewa Group Decry Smear Campaign Against CBN Governor

LG Boss Survive As 3 Others Die In Wukari-Jalingo Road Accident

Reps Pass Bill Ending HND/BSC Dichotomy

Two Ex-Convicts’ Nabs In Ondo For Abducting, Gang-Raping Teenagers

Dialogue: Katsina Gov’t. Recovers 32,672 Animals From Rustlers ‘ Gov. Masari

Police Places Embargo On Rallies, Public Procession, Others In Ogun Before May 29 Inauguration

Int’l AIDS Candlelight Memorial Day: Edo First Lady Supports Awareness Campaign To End Stigmatisation

Police Places Embargo On Rallies, Public Procession, Others In Ogun Before May 29 Inauguration

Social Media: Islamic Scholar Urges FG To EstablishRegulatory Body

Again, Hoodlums Attack SEMA Office, Carts Away Acs In C/River

Rivers Community Cries Out Over Activities Of Land-Grabbers

Tribunal Rejects PDP Plea To Recount Ballot Papers In Edo

Again, Reps Approve 2 State Constituencies in Benue

Gunmen Abducts Traditional Ruler, 1 Other In Osun

Police Places Embargo On Rallies, Public Procession, Others In Ogun Before May 29 Inauguration

Insurgency: Vulture On Ariel Survillence Arrested In Adamawa

DFID Presents Inclusive Education Policy Documents To Kaduna Govt

Cultism: Rivers Govt Withdraws Recognition Certificate from First-Class Monarch

NDLEA Denounces Police Claims Over Tramadol Seizure In Kano

FG Berates Obasanjo, Say Ex-presidents Comment on Boko Haram Divisive, Depressing

Obaseki Breaks Fast With Otaru Of Auchi, Urges Residents On Peaceful Co-Existence

Tiv/Jukun Crisis Claim 2 Farmers , Others

Reps Bans Use of Plastic Bags As Offenders Get 3 yrs Imprisonment

No in-fighting in Edo APC, says Obaseki

Brutai Commission Staff Quarters At Army Versity In Biu

Rivers: Ex-Varisty Director’s Family Floats Foundation to Help Less Privileged

No Immediate Plan To Increase Petrol Pump Price ‘ DPR

Woman To Coach South African National Team

Aero Marks 60 Years Of Flight Operations In Nigeria

Thisday Newspapers Headlines Today Wednesday 22nd, May 2019

IFMA, LASIAMA Commemorate 2019 World FM Day

NPDC Gets New MD as 11 Retire from NNPC

Falcons Charged to Set New Record at Women’s World Cup

The Burden of Unending Hostility

Stakeholders Drum Support for Agency Banking

Tackling Maritime Threats and Challenges in the Gulf of Guinea: Contributions of the Nigerian Navy

AITEO Cup: Plethora of Tough Games in Round of 64

W’Bank Gives Nigeria 30 Years to Repay $350m Rural Power Fund

Echoes of Voices of Freedom for Leah Sharibu

Estate Developers Highlight Investment Opportunities at Yaba

Wonodi: Its Impossible to Regulate Power Market Without Transparency

WBank Gives Nigeria 30 Years to Repay $350m Rural Power Fund

NNPC Explains Retirement, Replacement of 30 Senior Staff

Flutterwave Bags ISO Certifications

Halt Planned Commencement of Oil Exploration at OML 11, NPDC Warned

Govt Agencies Support Slash in FGs Stake in Refineries

FG Partners Standard Bank, Stanbic IBTC on Funding for Mining Sector

Edo Pledges Support for Farmers

WACOT Distributes Fertilizers, Others to Farmers in Katsina

Relegation Battle Goes to the Wire, Kano Pillars Pick Super 6…

20 Gold Level Runners Confirmed for Okpekpe Race

Saraki Hails Falcons for Winning WAFU Cup

SWAN Urges FGto Probe AFN over IAAFs Missing $150,000

Diouf Warns AFCON 2019 Will be Tougher than Previous Editions

Promises and the future: Sanwo-Olu and other Governors-elect

CAN, Others Task Buhari on Growing Insecurity

MTN Pays N235bn Fine for SIM Registration Offences

INEC Withdraws 25 Certificates of Return

Tinubu Meets Buhari in Saudi, Urges Elders to Avoid Inflammatory Statements

Fatona: Nigeria’s Oil Industry Will Face Drought if Militancy Continues

Duke of Cambridge Tasks Stakeholders on Exotic Animal Species

Zamfara APC Crisis: Senator Marafa Faults Gov Yari’s Saudi Trip

Flood Takes over Lagos Roads, Destroys Properties

Herdsmen Kill One in Kogi Community

Naira Marley Remanded in Prison for Alleged Internet Fraud

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