The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent decline from the N840.53/$ the naira closed trading on Wednesday according to data from the FMDQ Securities Exchange. Also, the turnover …
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The Nigerian National Petroleum Company Limited, on Thursday, said it would end the importation of refined petroleum products by December 2024 as all the country’s refineries would be operational by then. It also projected that the national oil firm would grow its revenue to N4.5tn at the end of 2023 …
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The PH Oil and Gas FTZ Command of the Nigeria Customs Service announced a revenue collection exceeding 22 billion naira over the past 10 months. Customs Area Controller, Comptroller Abubakar Umar, shared this achievement on 21 November 2023 at the Nigeria Customs Service PH Oil and Gas FTZ Command, Marble …
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“The activities of Liberty Oil and Gas Free Zone (LOGFZ) are in line with President Tinubu’s ambitious agenda of Substituting import with Export “ These were the words used by the Managing Director and Chief Executive Officer of the Oil and Gas Free Zones Authority (OGFZA), Bamanga Usman Jada to …
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The FCT Minister, Mr. Nyesom Wike and the Chairman of Daewoo Engineering and Construction, Jung Won Ju, yesterday held talks on the prospect of investing in the tourism sector by citing a five-star hotel in Abuja. Jung was accompanied on the visit by the Managing Director, Daewoo E&C Nigeria, Taewon …
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Seven newly elected Nigerian State Governors visited the African Development Bank Group in Abidjan to strengthen cooperation and unlock the country’s vast agricultural potential. The delegation, meeting with Bank President Dr Akinwumi Adesina, was led by Katsina State Governor Mallam Dikko Umar Radda, and included Governors Dr Nasiru Idris of …
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President Bola Ahmed Tinubu has unveiled the N1 billion International Centre for Innovation and Entrepreneurship donated to University of Maiduguri by Abdul Samad Rabiu Africa Initiative. Unavailing the edifice situated in the heart of the varsity, on Saturday, Vice-President Kashim Shettima, who represented Tinubu, described the donation as “service to …
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Vice President Kashim Shettima received a delegation from the Bill & Melinda Gates Foundation led by the President of its Global Growth & Opportunity Division, Mr Rodger Voorhies. Top on the Agenda for discussion was the impact of climate change on agricultural productivity and the urgent need to adopt climate-smart …
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The Federal Ministry of Industry,Trade and Investment is engaging stakeholders to develop a “strategic blueprint” to align with the “Renewed Hope” agenda of the Tinubu Administration and propel the nation towards greater economic prosperity. Dr. Doris Uzoka-Anite, the Minister for industry, trade and investment announced the start of work on …
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Disclosing that it anticipated the steady rise in the value of the Naira as witnessed in the past few days, the Presidency has assured that the policies being worked on by the President Bola Tinubu administration will further strengthen the Naira that it will soon exchange for N500 to one …
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