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Nigerian Breweries Plc issues ₦100 billion Commercial Paper (“CP”) programme

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Nigerian Breweries Plc (“the Company”) has informed the Nigerian Exchange Limited and the investing public of the issuance of its Commercial Paper (“CP”) programme with the launch of Series 1, 2 and 3 of the programme under its ₦100 billion CP programme which opens on 11th January 2023.

Series 1 would be for a tenor of 91 days; Series 2 would be for 120 days and Series 3 would be for 154 days.

The CP Programme aims to raise up to N20 billion to support the Company’s short-term funding needs.

According to the company, the CP Programme continues to provide the opportunity for non-equity investors to invest in the Company, support the Company’s cost management initiatives and serve as an additional source of funding for the Company.

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State police non-negotiable — Jonathan

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Former President Goodluck Jonathan has described state police as a non-negotiable entity that Nigeria must establish.

Mr Jonathan, who was president from 2010-2015, said the conversation must shift to the prevention of abuse by governors.

He stated this on Monday at the ongoing dialogue on state police organized by the House of Representatives.

He said most times governors abuse institutions, however, the challenges are not sufficient to stop the creation of state police.

The former president said state police was wildly accepted by the delegates at the 2014 Confab.

“We can only end kidnapping and other forms of insecurity through the creation of state police,” Mr Jonathan said.

Mr Jonathan’s stance contradicts the position of the inspector general of police, Kayode Egbetokun, who opposed the establishment of state police.

Earlier, in his opening remarks, the Deputy Speaker of the House, Ben Kalu argued that the current security situation in Nigeria requires a multilayer approach to insecurity.

He stated that over N5 billion has been paid in ransoms to kidnappers, a figure that starkly exposes the alarming growth of this criminal enterprise in the country.

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Edo Guber: INEC releases final list of candidates

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The Independent National Electoral Commission, INEC, has announced the final list of candidates for the forthcoming Edo State Governorship Election.

This is even as the Commission said that the political parties are permitted to start campaign in public from Wednesday 24th April 2024.

The campaigns will end at midnight on Thursday 19th September 2024.

In a statement by Sam Olumekun,
National Commissioner & Chairman,
Information and Voter Education Committee, INEC disclosed that 17 political parties have fielded candidates for the election out of which 16 are male while one is female.

Olumekun said the final list has been published at INEC’s office in Edo State and also uploaded to the Commission’s website and social media platforms for public information.

“The Commission is pleased to announce the publication of the final list of candidates for the Edo State Governorship Election. Following the initial primaries, the Commission published the personal particulars of the Governorship candidates and their running mates in our State and Local Government offices in Edo State.

“Overall, seventeen (17) political parties are fielding candidates in the election. Sixteen (16) are male while one (1) is female. The final list, which also gives the breakdown of the candidates by age, academic qualifications and disability, has been published at our office in Edo State and also uploaded to our website and social media platforms for public information.

“With the publication of the final list of candidates for the Edo State Governorship Election, the next activity is electioneering campaign.

“Therefore, Political Parties are now permitted to start campaign in public from Wednesday 24th April 2024 and end at midnight on Thursday 19th September 2024 as indicated in items 8 and 12 of the Timetable and Schedule of Activities for the election,” parts of the statement read.

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Tinubu unveils African Counter-Terrorism summit

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President Bola Tinubu unveiled the African Counter-Terrorism Summit at the Office of the National Security Adviser in Abuja on Monday.

The event which is currently ongoing and organised by Nigeria, with support from the United Nations Office of Counter-Terrorism, will be held from Monday to Tuesday, April 23, 2024, with the theme: ‘Strengthening Regional Cooperation and Institution Building to Address the Evolving Threat of Terrorism’.

The Presidency announced on Sunday that the summit aims to enhance multilateral counter-terrorism cooperation.

Details later…

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