Diplomat Nigeria can report that Nigeria and the Kingdom of Morocco are working towards the realization of gas pipeline project. In 2017, the Morocco-Nigeria gas pipeline agreement was signed. Once completed. the project is expected to supply about three billion standard cubic feet of gas per day (3bscf/d) from Nigeria to the Kingdom of […]
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UAE Air carrier, Emirates, is slated to restart its flights to Nigeria in mid-year, the Nigerian government has announced. The airline suspended flights operations to Nigeria two years ago over issues bothering on trapped funds. Emirates had stop flights from Nigeria with effect from September 1, 2022 over inability to repatriate funds. “Emirates has tried […]
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Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold”. It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years. Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and set […]
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It added that there are now more billionaires than ever before across the world with 2,781aking the list. This is 141 more than 2023. They are richer than ever and are worth $14.2 trillion. The world recorded an upsurge in billionaires, a report by Forbes Magazine has said. In Africa, Aliko Dangote remains the riches, […]
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THE Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorization at N500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interest banks and promoters of proposed banks emphasized that […]
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Nigeria’s Federal Capital Territory (FCT) minister, Nyesom Wike, has wooed Indian businessmen to increase their presence in the nation’s capital. The Minister made this observation on Tuesday in Abuja, when he received, in courtesy, the Indian High Commissioner to Nigeria, His Excellency, Balasubramanian Shri. Wike said that Indians’ commitment to keeping their cordial relationship with […]
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The Consul-General, Consulate General of People’s Republic of China, Ms. Yan Yuqing, has described Nigeria as a pilot country for China-Africa cooperation in building the BRI and revealed that the trade volume between Nigeria and China was $22.6 billion in 2023. He also said Nigeria’s export to China increased by 50 percent during the year. […]
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Nigeria has secured $1.3 billion in funding to complete a railway project connecting Kano, the largest city in the north, to Maradi in neighbouring Niger, the transport ministry said. The railway line will build on existing economic and social ties to boost trade and cultural cooperation between the two countries. Funding will come from a […]
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The Nigerian Communications Commission (NCC) has expressed its resolve to work with the Swedish government. The NCC Executive Vice Chairman/CEO, Dr Aminu Maida, disclosed this when he received the Swedish Ambassador to Nigeria, Her Excellency, Annika Hahn-Englund, in his office in Abuja. Maida, who promised to leave nothing to chance to ensure that the telecommunications […]
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The British Deputy High Commissioner to Nigeria, Jonny Baxter, has commissioned the new British International Investment (BII) funded Valency agro-processing complex in Ibadan. Speaking at the commissioning, Baxter said the complex when completed, will strengthen partnerships with local farmers and processing centres to maximise output, provide more stable supply of premium-quality products and reach at […]
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