Debt Office to sell N145bn debt today
Today, the Debt Management Office (DMO) will be seeking to raise N145bn in its February bonds auction.
The debt office will be seeking to raise the N45bn (5Y), N45bn (10Y) and N50bn (30Y) tenors. Analysts at Chapel Hill Denham expect “the DMO to be less aggressive on mopping up market liquidity, compared to the January auction.”
In January, the DMO sought to raise N155bn across the three tenors and saw a subscription of 4X across the tenors.
Meanwhile, The Debt Management Office (DMO) yesterday announced the appointment of CSL Stockbrokers Limited (CSL), a member of FCMB Group Plc, as the new Government Stockbroker.
CSL replaces Stanbic IBTC Stockbrokers Limited who had served as the first Government Stockbroker with a mandate that includes posting Bid and Offer Prices on The Nigeria Stock Exchange (NSE) for Federal Government of Nigeria (FGN) securities.
CSL was appointed as the Government Stockbroker based on an Open Competitive Bidding process in which other Stockbrokers participated.
NNPC says Nigeria lost $750m to oil theft in 2019
The Nigerian National Petroleum Corporation (NNPC) said that Nigeria lost over $730m (about N230bn based on 306/$) to oil theft last year.
This was made known in Abuja yesterday when members of the Executive Intelligence Management course 13 of the National Institute for Securities Studies (NISS) visited the NNPC Towers in Abuja.
Mele Kyari, GMD NNPC said the growing activities of thieves and pirates were a threat to the operations of the corporation and called for concerted efforts to secure oil and gas operations for the economic survival of the country.
NAMA resumes calibration of landing systems at Lagos Airport
The Nigerian Airspace Management Agency said it has commenced adjustment of the Instrument Landing Systems (ILS) at the Murtala Muhammed International Airport in Lagos after almost all international flights were disrupted last week due to bad weather conditions.
BusinessDay Checks show that the ILS, purchased last year, was undergoing calibration until the process was disrupted as a result of harsh weather conditions and other technical issues.
Lagos confirms first Lassa Fever case in 2020, urges calm
Lagos state has confirmed its first case of Lassa fever this year, appeals to residents to be calm and not panic, as the patient is currently in isolation at the Lagos University Teaching Hospital.
Akin Abayomi, commissioner of health has said that efforts are ready in place to ensure the disease is not spread but contained with shortest possible time.
So far, this year the death toll from the viral haemorrhagic illness has risen to 70 while the confirmed number of cases “significantly” increased across 26 states in Nigeria.
According to the Lassa Fever weekly situation report released by the Nigeria Centre for Disease Control (NCDC), a total of 109 cases were confirmed out of 482 suspected cases from 3rd to 9th environmental sanitation. February (week 06). This brings the total number of confirmed cases to 472 in 2020.
Abayomi advised that the prevention and control of the disease remained a shared responsibility of all citizens through the observance of the highest possible standards of personal and community hygiene as well as environmental sanitation.
The commissioner stressed that residents to store house-hold refuse in sanitary refuse bags or dust bins with tight-fitting covers to avoid infestation by rats and rodents; dispose of refuse properly at designated dump sites and not into the drainage system and store food items in rodent-proof containers.
The Commissioner also pleaded with medical and health workers to always maintain high
“Hands must be washed often with soap & running water or application of hand sanitizers after each contact with patients or contaminated materials and instruments must be autoclaved. Also, hospital mattresses must be covered with plastic sheets to prevent contamination”, he added
Abayomi advised all health workers to immediately suspect a case of Lassa Fever in any person with persistent high fever not responding to standard treatment for malaria and typhoid fever or bleeding from the body surface.
All suspicious cases of infectious diseases such as Lassa Fever are advised to be reported by citizens immediately by reaching out to the nearest government-approved health facility, the Ministry of Health or call the emergency operation centre lines – 08023169485, 08033565529 and 0805281724
