Following the report of Senate Committee on local and foreign debts which was presented by its Chairman, Shehu Sani, Senate on Tuesday approved USD5.5 billion bond for the Federal government.
The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debts at the plenary on Tuesday.
Buhari had in a letter dated October 4, 2017, asked for the Senate approval over his administration's plan to secure two external borrowings totaling $5.5 billion.
$2.5bn is to be used for financing the 2017 budget while $3bn is to be used for refinancing domestic debts. "And that the projects, when completed, will create jobs through a chain of economic activities".
"The Mamblilla hydro power project which has always been abandoned when completed will add substantially to the national grids thus improve power output of the country". "
"The projects include the Mambilla hydro-power project, construction of the second runway of the Nnamdi Azikwe International Airport, counterpart funding of rail projects and construction of Bonny road with a bridge across Opobo channel."
Sun Pharma Q2 profit dives 59%, but beats estimates
Active Pharmaceutical Ingredients (API) business largely meant for captive consumption rose 6 percent to Rs 388 crores. The shares of Sun Pharmaceutical Industries closed today at Rs 526.15 on BSE, down 1.19 per cent from previous close.
It said that the loan will reduce the cost of the debts while the projects are essential for rapid economic and social development of Nigeria. This Senate is known to be working together for the benefit of all Nigerians.
Senate leader, Senator Ahmed Lawan while supporting Ashafa's position also claimed that the federal government had complied with all laws governing external borrowing.
"Times were when the executive could have spent or collected this loan without recourse to the National Assembly".
The government intends to spend money on infrastructure projects to diversify the OPEC member's oil-dependent economy.
The restaurant operator reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.57. October 26 investment analysts at Wedbush held the company rating at "In-Line" with a current price target of $115.00.
Abilify is a drug developed by Otsuka Pharmaceuticals whereas the sensor was created by a company called Proteus Digital Health . Food and Drug Administration ( FDA ) made the first approval of a drug imbued with a digital ingestion tracking system.
The ministry has published photos showing that the armed extremists while they were leaving Abu Kamal for the Syrian-Iraqi border. The town is one of the last "Islamic State" (IS) strongholds in Syria , located on the Euphrates River near Iraq.
We see that today; we're not manufacturing Xbox 360 and yet there are 360 games that do very well right now on our platform. You can head over to the Black Friday page on Microsoft's website to find out more about the many deals that it's offering.
The Bluetooth connections on the toys are unsecured so external devices could be used to manipulate the toys. Spiral Toys, which makes the Toy-Fi Teddy and CloudPets devices, has not yet commented on the report.
Media headlines about Cohen & Steers Qualityome Realty (NYSE: RQI ) have trended positive on Sunday, Accern reports. Cubist Systematic Strategies LLC acquired a new stake in Cohen & Steers in the second quarter worth $183,000.
However, it's really hard to change people's perspective who think a well toned up body of a woman can only be called glamorous. Vidya Balan starrer " Tumhari Sulu " is just about to release and the promotions of the movie are going on in a big way.
Well, daddy cool Saif Ali Khan surely knows how to impress and bring a cute giggling smile on the little nawab's face. So it is in fact quite a sensible purchase considering it clearly meets nearly all of Saif's automotive requirements.
India lose to Bangladesh, knocked out of U-19 Asia Cup
The defeat meant that Bangladesh and Nepal, from Group A, will join Pakistan and Afghanistan, respectively, in the semi-finals. With one win and two defeats in three matches, India U-19 finished third in Group A - above hosts Malaysia.
Credit Suisse fined $135m for NY forex investigation
The agreement is the latest in a string of global regulatory settlements with big Wall Street banks over forex trading practices. The probe is still ongoing in relation to other banks, according to a person familiar with the matter.
More than 15000 scientists issue 'warning to humanity'
The message updates an original warning sent from the Union of Concerned Scientists 25 years ago and backed by 1700 signatures. During their presentation, the team representing the administration was heckled and interrupted by a protest song .