Tag: auction
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Lagos auctions 83 vehicles for ‘violating’ law
The Lagos State Government has auctioned 83 forfeited vehicles for violating the state’s Transport Sector Reform Law 2018. In a statement issued on Monday by the Director of Public Affairs in the Ministry of Justice, Kayode Oyekanmi, the move is sequel to the orders of the Special Offences Mobile Court set up by the state…
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Guidelines for 2020 marginal fields auction faulty, says expert
National Coordinator of Publish What You Pay Nigeria, Peter Egbule has said the guideline issued by the Department of Petroleum Resources (DPR) for the 2020 marginal fields bid round exercise is faulty. TheNewsGuru.com (TNG) reports Egbule made this assertion during a Twitter conference with the theme, ‘marginal oil fields auction: why citizens should be alert,…
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Banky W to auction car for charity after being trolled
Nigerian Music star, Olubankole Wellington, a.k.a Banky W says his nine- year old Range Rover Sports will be auctioned for charity. The car had been a subject of ridiculed when two ladies released a video `dragging and stalking’ Banky on social media for driving an old car in spite of his class and status. The…
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FG to auction N115b bonds on Nov 21
The Debt Management Office (DMO) says the Federal Government is to auction by subscription N115 billion worth of bonds on Wednesday, November 21. The DMO said in a circular on its website on Tuesday in Abuja, that the five-year bonds of N35 billion to mature in April 2023 was offered at 12.75 per cent. The…
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FG to auction N70bn bonds May 23
The Federal Government has offered for subscription by auction N70 billion worth of bonds in its May 23 auction, the Debt Management Office (DMO) said. The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N20 billion of a five-year re-opening issue maturing in April 2023 at 12.75 per cent.…
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Nude paint sells for N56.6b ($157m) at New York auction
A stunning nude paint that is the largest produced by Italian artist Amedeo Modigliani sold for $157.2 million in New York on Monday night, becoming the fourth most expensive work of art sold at auction. Painted a century ago, Modigliani’s masterpiece “Nu couche (sur le cote gauche)” fetched the highest price in Sotheby’s history and…
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Does CBN Fund Govt Deficit With Treasury Bills Auctions? By Henry Boyo
By Henry Boyo “My brother, Nigeria is managing debt not wealth, because a big hole was dug in her pocket after the jamboree called FESTAC, 77. The TB (Treasury Bills) is government borrowing to finance the deficit. If you understand public finance well, you will know it is the function of CBN to ensure the…
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N16 billion New York apartment belonging to Diezani’s ally, Kola Aluko to auctioned
Nigerian energy businessman Kola Aluko, declared wanted by the EFCC, has been identified as the owner of Apartment 79, a penthouse apartment in One57, one of New York City’s most expensive residential buildings. However, the apartment would be sold to the highest bidder by a Luxembourg based Banque Havilland, in a foreclosure auction in July,…
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Customs to auction seized goods online July 1
Nigeria Customs Service (NCS) has announced that it would begin auction of seized and condemned goods to qualified persons on July 1, 2017. Customs said it is reopening the suspended auction scheme after about 18 months following successful test running of the new electronic auction portal. The information was announced on its website at the…