Browsing Tag

bond

Nigeria Aims to Secure N1.2 Trillion from Bond Market in Q2 – DMO

The Federal Government of Nigeria is gearing up for a significant shift in its domestic bond market strategy. In the second quarter of 2025, the government seeks to raise approximately between N900 billion and N1.2 trillion, marking a notable decline from the N1.8 trillion initially targeted for the first quarter of this year. This adjustment reflects the challenges the Nigerian government faces in navigating a complex fiscal landscape. With the release of the FGN Bond Issuance Calendar for the upcoming quarter,…

The Hidden Wisdom of Somali Traditions: A Profound Bond with the Natural World

Discovering the Somali Connection with Nature: A Story of Poetry, Culture, and Environmental Insight In today's world, where climate concerns resonate across continents and environmental awareness is more crucial than ever, it's a common misconception that the Somali community is out of touch with these global discussions. "Somalis lack environmental consciousness," claim some skeptics from afar. Yet, this belief misses the essence of a rich cultural tapestry that weaves Somalis deeply into their natural…

Turkey strengthens its bond with Somalia through energy initiatives, yet escalating tensions with Ethiopia threaten these investments.

In a grand setting, Turkey’s President Recep Tayyip Erdogan stepped up to address the 79th session of the United Nations General Assembly on a bustling Tuesday, September 24, 2024. (AP Photo by Richard Drew) - AP Photo/Richard DrewWith considerable spotlight, President Erdogan participated in the send-off ceremony for Turkey’s energy research vessel, Oruc Reis. This month, the ship departed towards the Somali waters, bolstered by two Turkish naval ships.Somali Energy AccordThe Oruc Reis deployment emerges from an energy…

19 people tried in Mozambique tuna bond scandal

A trial has started for 19 suspects in Mozambique's "hidden debt" or "tuna bonds" scandal. The corruption case allegedly involved a tuna company, maritime security companies and more than $ 2 billion in loans. On Monday, South Africa promised to extradite the man who was then Mozambique's…

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