News

DMO Releases N1.2 trn FGN Bond Issuance Calendar For Q3

Published

2 years ago

June 27, 2023

The Debt Management Office has indicated plans to issue Federal Government of Nigeria (FGN) bonds valued at N1.2 trillion in its third quarter “Bond Issuance Calendar” for 2023.

According to the calendar, on July 17, the DMO will re-open a 14.55 percent, April 2029 FGN bond. Valued between N80 billion to N100 billion.

It has a 10-year original tenor, with term-to-maturity of five years, nine months.

Also on July 17, the DMO will re-open a 14.70 percent, June 2033 FGN bond valued between N80 billion to N100 billion, with a 10-year original tenor and term-to-maturity of nine years, 11 months.

On the same date, the DMO will re-open a 15.45 per cent June 2038 FGN bond valued at between N80 billion to N100 billion, with 15-year original tenor, and term-to-maturity of 14 years, 11 months.

Again, on July 17, the office will re-open a 15.70 per cent, June 2053 FGN bond, valued between N80 billion to N100 billion, with 30-year original tenor, and term-to-maturity of 29 years, 11 months.

On Aug. 14, the DMO says it will, again, re-open the 14.55 per cent, April 2029 FGN bond valued between N80 billion to N100 billion, this time, with term-to-maturity of five years, eight months.

Also on Aug. 14, the DMO will re-open the 14.70 percent, July 2033 FGN bond valued between N80 billion to N100 billion, with term-to-maturity of nine years, 10 months.

It will also re-open the 15.45 per cent, June 2038 FGN bond valued between N80 billion to N100 billion on Aug. 14; this time, with term-to-maturity of 14 years, 10 months.

Also on Aug. 14, the DMO will re-open the 15.70 percent, June 2053 FGN bond valued at between N80 billion to N100 billion, with a new term-to-maturity of 29 years, 10 months.

On Sept. 11, the DMO will, again, re-open the 14.55 percent, April 2029 FGN bond, valued between N80 billion to N100 billion; with a new term-to-maturity of five years, seven months.

Also, on Sept. 11, it will re-open the 14.70 percent, June 2033 FGN bond valued between N80 billion to N100 billion; with term-to-maturity of nine years, nine months.

On the same date, it will re-open the 15.45 percent, June 2038 FGN bond, valued between N80 billion to N100 billion, with a term-to-maturity of 14 years, nine months.

Finally, on Sept 11, the DMO will re-open the 15.70 per cent, June 2053 FGN bond, valued at between N80 billion to N100 billion; with term-to-maturity of 29 years, nine months.

Recall that the FGN savings bonds, like other government securities such as the FGN savings bonds, treasury bills, and the Sukuk bond, constitute the domestic component of the government borrowing plan.

Re-openings of previously issued bonds, successful bidders would be required to pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned plus any accrued interest on the instrument.

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News

Peter Obi’s Son, Oseloka, Speaks On Gay Allegations

Published

11 hours ago

August 23, 2025

Editor

Oseloka Obi, son of the 2023 Labour Party presidential candidate Peter Obi, has responded to viral allegations linking him to homosexuality after photographs of him with London-based British-Nigerian Kent Okwesa, circulated online this week.

The pictures, which emerged on Wednesday, showed Oseloka and Okwesa sitting closely at a restaurant in the United Kingdom, sparking a wave of online speculation and gossip.

In a detailed statement, Oseloka dismissed the rumours as malicious falsehoods driven by his father’s involvement in Nigerian politics.

He noted that while he rarely responds to such narratives, the persistence of gossip and unfounded claims made it necessary to address the matter.

“Because of my father’s involvement in Nigerian politics, there has been a persistent curiosity and, at times, malicious obsession with me.

“I have no social media presence and no interest in maintaining one, so I rarely correct these falsehoods. But perhaps it is time I address them,” he wrote.

Oseloka stressed that the photos of him in circulation were being misrepresented, insisting they were ordinary snapshots with friends and colleagues.

“The truth is simple: Peter Obi’s son appears in photos with his friends and colleagues, nothing more. If people wish to invent otherwise, I hope they sleep soundly knowing they are spreading lies,” he added.

He further emphasised that neither he nor his father is perfect, but attested to his father’s integrity and commitment to Nigeria’s future.

“My father has my vote, not because he is my father, but because he is the right man for the job. If others wish to go low, invent scandals, or attack me to wound him, they are free to do so. But we will go high, and we will continue to focus on the future of Nigeria.”

Concluding, Oseloka urged Nigerians to redirect their attention from idle gossip to the pressing socio-economic challenges facing the country.

Read the full statement below:

News

FULL LIST: PenCom Bars Seven Mortgage Banks From Processing Housing Loans

Published

11 hours ago

August 23, 2025

Editor

The National Pension Commission (PenCom) has barred seven Primary Mortgage Banks (PMBs) from processing applications under the pension-backed equity contribution scheme for residential mortgages, citing their non-compliance with housing loan guidelines.

In a letter published on PenCom’s website, addressed to Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), the organisation instructed them to immediately stop accepting or processing equity contribution applications submitted through the affected institutions.

The blacklisted mortgage banks are:

• Jigawa Savings & Loans Limited

• FHA Mortgage Bank Limited

• Delta Trust Mortgage Bank Limited

• AG Mortgage Bank Limited

• Infinity Trust Mortgage Bank Pic

• First Trust Mortgage Bank Limited

• Mutual Alliance Mortgage Bank Limited

“Following the cited letter, the commission instructs that PFAs, including Closed Pension Fund Administrators and Pension Fund Custodians, immediately stop accepting or processing equity contribution applications submitted by the following Primary Mortgage Banks… Please be guided,” the circular read in part.

Explaining the decision, PenCom’s spokesman, Ibrahim Buwai, told The PUNCH that the sanction was imposed because the affected institutions failed to generate the mortgages for which funds had been approved.

“The whole purpose of giving access to RSA holders is to enable them to own houses through mortgages,” he said. “It was discovered that some of the primary mortgage institutions were not generating mortgages. If that is the case, it means they are not complying with the regulations. That is the reason for their blacklisting.”

PenCom introduced the equity contribution for residential mortgages in September 2022, allowing Retirement Savings Account (RSA) holders to withdraw up to 25 per cent of their balances to fund equity contributions for home ownership.

According to the commission, 24,582 RSA holders had accessed the scheme as of the first quarter of 2025, with disbursements totalling ₦149.84bn.

RSA holders who submitted applications through the barred mortgage banks are now advised to reapply with other eligible PMBs. Those who have made upfront payments were urged to contact the affected institutions for the next line of action.

News

VIDEO: How ‘Close Friend’ Leaked Cat Secret To Security During My House Invasion — Sunday Igboho

Published

12 hours ago

August 23, 2025

Editor

Yoruba Nation agitator, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has opened up again on the July 1, 2021 midnight invasion of his Ibadan residence by security operatives, including the Department of State Services (DSS).

Speaking during a visit to the Olowo of Owo, Oba Ajibade Gbadegesin Ogunoye III, at his palace in Ondo State, Igboho alleged that the attack was carried out with the intent to take his life.

“When my house was invaded, they wanted to kill me but failed. Some said my intestines were shattered, others said my leg was broken, but there was nothing of such. They fired guns at me very well, but the prayers of you my fathers on me were answered.”

According to him, the DSS operatives forcefully gained entrance into his residence and pointed a gun at his Personal Assistant so he could lead them to his room.

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Death of cat after friend’s betrayal

While recalling the invasion, Igboho said one of his trusted friends betrayed him by leaking sensitive information about his cat to the operatives.

He disclosed that the so-called ‘trusted’ friend had told the agents not to let the cat escape, which led to the security operatives killing the animal.

“When I opened the door of my room for them, they saw my cat on the bed. One of my friends that I entrusted with secret had told them not to let the cat go. So they killed the cat and wrapped it with clothes like a corpse. They destroyed everywhere in the house and killed one of my brothers alongside one other person and they left,” he narrated.

Appeal to the Olowo

Speaking at the palace of the Olowo, Igboho said his absence from the country had lasted about five years and that he was eager to return to contribute to tackling insecurity in the South-West.

“But why I came to meet you Kabiesi is that till when will I be doing that. Nigeria is my motherland. This is about five years since I’ve been chased from here. Tinubu is your son, you can convince him to free me. If not for the wanted tag on me, I would have come to Nigeria to face the insecurity facing the South-West region. I would have entered the bush and faced them,” Igboho pleaded with the monarch.

Monarch’s response
In his response, Oba Ogunoye described Igboho as a beacon of hope for his generation and future ones, urging him not to be discouraged by the challenges he has faced.

The monarch enjoined Igboho and his supporters to remain law-abiding amid ongoing challenges.

He assured him of continued support and called for peace and cooperation across South-West communities, noting that no region can achieve sustainable development without security.
(TRIBUNE)