Finance Minister delivers the opening remarks at the ceremony for the presentation of symbolic cheque of #100 billion.

Not quite long, the Minister of Finance has reportedly delivered the remarks at the ceremony for the presentation of symbolic cheque of #100 billion Sovereign Sukuk investor distribution.

She said "This afternoon, I delivered the opening remarks at the Ceremony for the Presentation of Symbolic Cheque of N100bn Sovereign Sukuk Proceeds to the Federal Ministry of Power, Works and Housing.

"Recall that Federal Government of Nigeria issued a ₦100 billion Sovereign Sukuk in December, 2018 that was oversubscribed to the tune of ₦132.2b or 132.2%. This was opened to the public: Retail Investors, Pension Fund Administrators, DMBs &Other Institutional Investors. An indication of the wide acceptance of the financing product.

"The significant increase in participation by Retail Investors from about 4% in 2017 to 17.33% in 2018 means the objectives of financial inclusion & deepening of Investor base of Federal Government of Nigeria Securities are gradually being achieved. 1,876 Retail Investors participated in the Sukuk Issuance.

"Proceeds will support Federal Government's capital spending for 2018 – the construction& rehabilitation of 28 key economic roads in the 6 geo-political zones of the country with equal allocation of ₦16.67b. The roads will ease commuting, spur economic activities & close our infrastructural gap.

"The Sukuk funding option is part of the initiatives of the Federal Government of Nigeria to diversify funding sources, to deepen the Nigerian capital market, to mobilise more savings and promote financial inclusion. The use of proceeds of the issuance has an in-built investor protection mechanism.

"The funds will be released to the Federal Ministry of Power, Work, and Housing based on a framework agreed with the Trustees (FBNQuest Trustees Ltd & STL Trustees Ltd) who will monitor the disbursements & have been ring-fenced in a dedicated account at the CBN to ensure transparency and accountability in use of proceeds.

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Job alert: Direct Sales Agent At Ashton & Dave Travels And Holidays Limited.

Ashton & Dave Travels and Holidays Limited is a professional travel, holiday and Logistics services organization is led by a group of professionals whose aim is to provide clients with services that exceed their expectations. Ashton & Dave travels and holidays limited is incorporated under the "Companies and Allied Matters Act 1990 (RC 713420 )" and an IATA accredited travel management company working as a professional and reliable entity. We seek applications from qualified candidates for the position below: Job Title : Direct Sales Agent Location : Victoria Island, Lagos Responsibilities • Prospecting, qualifying, developing and closing sales opportunities within and outside the country (borderless marketing). • Forecasting and tracking of sales opportunities. • Achieving sales targets. • Understanding industry trends, product capabilities and customer requirements. • Establish Executive level, long term custome

Yakubu Dogara congratulates wife, Gimbiya, as she is a year older

Speaker of the house, Federal Republic of Nigeria, Rt. Hon. Yakubu Dogara, has congratulated his wife, Gimbiya, as she is a year older and the speaker has taken his time to shower some accolades on her. Dogara said"Happy birthday to Virtuous woman, the rock of my family and the love of my life. Thy sun shall no more go down; neither shall thy moon withdraw itself as you continue to flourish like a palm tree bearing fruits in season and out of season." The wife of Bukola Saraki, Toyin Saraki, also congratulated Dogara's wife on her twitter account. She (Toyin) said"Happy Birthday to my dear sister, Mrs. Gimbiya- blessed to know you, even more blessed by your friendship. May all your years be blessed. Happy Eld too! Amen!

SARS at it again: Police kills 20 year old lady and her friend in Ajegunle, Lagos State.

Truth to be told, the Nigerian Police seems to be erupting war instead of being an exemplary entity of peace. They have reportedly become a thorn to all and sundry flesh in Nigeria. A murder case of a young man, Kolade Johnson, which is still reportedly fresh and Young in the hands of the Special Anti-robbery Squad, SARS, another ugly scenario has also surfaced in Ajegunle, in Lagos State. It was reported the another Innocent youth, 20year old girl was shot dead by Police in Ajegunle while the boy that was with her was also shot & fighting for his life at the hospital. It was evidently reported the deceased did not commit any crime punishable under the law. This has come as a great threat to the peace of the nation at large. In due time, more reports will be brought to you following the unpleasant incident orchestrated by the heartless killers.

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