THE Central Bank of Nigeria (CBN) governor Yemi Cardoso says the apex bank’s FX reforms have made the naira the best-performing currency globally. Nigeria’s currency lost massively against major currencies in the past few months. But Cardoso who spoke on Saturday in a briefing on the sidelines of the just-ended World Bank/IMF Spring Meetings […]
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PRESIDENT Bola Tinubu has ordered the Ministry of Education to include graduates of the National Open University in the National Youth Service Corps scheme. Tinubu also resolved the longstanding admittance of NOUN Law graduates to participate in Law School in the country for equal opportunities. He made the disclosure during his presentation at the 13th […]
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The United Nations Children’s Fund (UNICEF) has said attacks and abductions targeting Nigerian schoolchildren have surged since the Chibok schoolgirls kidnapping in Borno State 10 years ago. UNICEF, in a report released on Monday, said only 37% of schools in 10 states have early warning systems to detect threats of such attacks. The report, titled […]
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Norway will open an embassy in Dakar in the autumn of 2024. The mission will also be responsible for several other countries in West Africa. This is the first time Norway has established an embassy in Senegal. In addition to Senegal the new Embassy will be responsible for Norway’s diplomatic relations with Burkina Faso, Mali, […]
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The U.S. Government, via the U.S. Centers for Disease Control and Prevention (US CDC), has donated equipment and supplies to the Nigeria Centre for Disease Control and Prevention (NCDC) to support Nigeria’s outbreak response laboratory activities. Laboratories across Nigeria are working diligently to quickly detect disease threats and confirm cases. Their efforts are a critical […]
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Federal Capital Territory (FCT) Minister, Nyesom Wike, yesterday, said the Abuja Light Rail Scheme would be inaugurated next month after attaining 97 per cent completion. He gave the assurance during an inspection tour of the renovation and rehabilitation works on the network from Metro Station to Airport Train Station. He expressed satisfaction with the rehabilitation […]
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The United Kingdom in December 2023 exported £185 million to Nigeria and imported £154 million, resulting in a negative trade balance of £30.8 million (N55.2bn), the federal government has disclosed. Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, said the federal government is committed to changing the trend in favour of Nigeria. She spoke […]
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Operatives of the National Drug Law Enforcement Agency (NDLEA) have detained a 35-year-old lady, Chidinma Chinenye Agbazue. She was detained after being caught attempting to export 20 parcels of cannabis sativa weighing 10.70kgs concealed in African salad popularly called Abacha and dried vegetables to Doha, Qatar through the Murtala Muhammed International Airport (MMIA) Ikeja Lagos […]
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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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King Salman Humanitarian Aid and Relief Centre of Saudi Arabia has distributed food items as Ramadan relief materials to more than 2,000 households mostly People with Disabilities (PWDs) in eight local government areas of Kano State. The team leader of the foundation, Mr. Abdulrahman ibn Abdul Aziz Al-Zaben, told newsmen that the programme is aimed […]
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