Category: Business
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Nigeria Strengthens Security Cooperation with the European Union
By Milcah Tanimu The Federal Government of Nigeria has expressed its readiness to enhance bilateral relations with the European Union (EU) in the field of security cooperation. This announcement was made in a statement released by Mr. Hope Attari, Acting Director of Press and Public Relations at the Ministry of Defence in Abuja. During a…
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“Cooking gas prices surge 17%, with further hikes expected. Operators seek stability solutions.”
By Milcah Tanimu The price of cooking gas has increased by 17%, with the price of 1 kg rising by 11% to N900 from N800, and the 3 kg price rising by 18% to N2,500 from N2,050. Operators in the industry anticipate a further 43% rise to N1,500 per kg if measures to achieve supply…
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Nigeria Grants First Gas Supply License to Ohuru Trading Limited Under PIA
Nigeria’s Government Grants Ohuru Trading Limited First Wholesale Gas Supply License for 500 Million Cubic Feet of Gas per Day, Enhancing Gas Utilization in Accordance with the Petroleum Industry Act (PIA). Section 142 of the PIA provides for the issuance of such licenses to guide commercial activities along the gas value chain. The Chief Executive…
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Nigeria Government are extremely jealous of Biafrans plan to exit Nigeria
The Nigerian government’s attitude towards the Biafran independence movement is causing concerns and disagreements. There is a perception that the government is envious of Biafra’s oil resources, natural wealth, and its desire for independence from Nigeria. This has led to a series of negative actions by the Nigerian government, including efforts to tarnish the image…
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Today, September 29, 2023: Current Black Market Exchange Rate for Naira to Dollar.
Black Market Exchange Rate for Dollar to Naira on September 28, 2023 (Aboki fx): – Buying Rate: N995 – Selling Rate: N1000 Please be aware that the actual forex rates you encounter may differ from those mentioned here since prices can fluctuate. It’s important to note that the Central Bank of Nigeria (CBN) does not…
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CBN to Utilize $3 Billion Loan for Economic Stability, Confirms NEC
By Milcah Tanimu The National Economic Council (NEC) has confirmed that the $3 billion emergency loan secured by the Federal Government in August will be deployed to bolster the stability of the economy, particularly addressing the fluctuation in the value of the Nigerian naira. The naira’s value has been volatile in the Investors & Exporters’…
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“Call for Gender Equality in Maritime Sector: Women Demand Greater Roles”
By Milcah Tanimu Women in the maritime sector are pushing for more substantial roles, challenging stereotypes that label them as less capable of handling certain jobs or contracts, especially in the maritime industry. Currently, women actively engaged in clearing processes in the Nigerian maritime sector constitute less than 20 percent of the total licensed agents.…
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How I Will Tackle Inflation, Naira, Forex Crises, By Cardoso.
Michael Olayemi Cardoso yesterday began his tenure as the 12th Central Bank of Nigeria (CBN) governor following his clearance for the position by the Senate. He promised to provide transparent and focused leadership with full adherence to the rules and return the apex bank to its core monetary policy responsibility. He also pledged to work…
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“New CBN Governor Cardoso Vows to Uphold Integrity and Independence”
By Milcah Tanimu In a pivotal moment during his screening by the Senate, the newly appointed Governor of the Central Bank of Nigeria (CBN), Cardoso, made a resolute commitment to the Nigerian people. He firmly assured the nation that neither he nor his deputies would allow politicians to exert undue influence or hijack the operations…
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“Cement Price Soars to ₦9,000 Amidst Concrete Road Initiative, Manufacturers Warn”
By Milcah Tanimu In a statement jointly signed by its National Chairman, Prince David Iweta, and National Secretary Chief Reagan Ufomba, the association expressed its support for the Minister of Works, David Umahi, in his approach to using cement for road construction. However, they also raised concerns about potential consequences if the supply of cement…