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Babajide Iletogun

FG Tasks Banks to Explore AfCFTA to Capture FDI

The Minister of Finance, Budget and National Planning, Mrs Zainab Shamsuna Ahmed, has advised Nigerian banks and other financial institutions to explore Africa’s market expansion enabled by the AfCFTA to capture trade flows and investment through superior customer value proposition. Stressing the potentials of Nigeria’s market, Ahmed said: “With more …

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344 Kidnapped Kankara Schoolboys Released

Students of Government Secondary School Kankara abducted last Friday, 11 December have been released on Thursday. The schoolboys were released at Tsafe near Zamfara on Thursday, according to reports. Reacting, President Muhammadu Buhari described their safe return as a big relief to their families, the entire country and international community. …

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NIN Now Required for Driver’s Licence Processing

Federal Road Safety Corps has mandated the use of National Identification Number for driver’s licences processing. FRSC made this known in a press statement titled ‘FRSC commences enforcement of National Identification Number in driver’s licence processing’ on Wednesday. “Following the Federal Government’s directives on the harmonisation of citizens’ data by …

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Nigeria Opens Seme, Illela, Maigatari, Mfun Land Borders

President Muhammadu Buhari, on Wednesday, ordered the immediate reopening of four land borders. The Presidency made this known in a tweet today. “President Buhari has directed the immediate opening of four land borders: Seme, Illela, Maigatari, and Mfun,” @NGRPresident tweeted. Nigeria had in August 2019 closed its land borders to …

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Oil Prices Fall as Inventories Rise

Oil prices declined on Wednesday after API data showed Tuesday that crude inventories unexpectedly rose by 1.97 million barrels in the week ended December 11th, compared to market consensus of a draw of 1.9 million barrels. At around 07:00 GMT, WTI crude fell 0.3% to $47.50 a barrel, Brent crude …

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US Electoral College Confirms Biden Victory

The United States Electoral College has confirmed Joe Biden as the winner of the US 2020 presidential election. This is after electors in all 50 states met to cast their votes on Monday. In the results declared by the Electoral College representatives, Democrat Biden secured over 270 votes to defeat …

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Global Lenders Raise Pressure on Nigeria to Reform Currency

The International Monetary Fund and World Bank have intensified calls on Nigeria to speed up currency reforms without which Africa’s largest economy may fail to achieve the growth it needs to prevent millions more from falling into penury. A unified and flexible exchange rate will ease external imbalances and bolster activity in the OPEC …

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