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CBN injects $106.5m into forex market to boost liquidity
The Central Bank of Nigeria (CBN) has sold $106.5 million to 29 authorized dealer banks at N1,498/$1 to N1,530/$1 on Thursday July 18 and July 19, 2024 as part of moves to improve supply in line with its price stability mandate and its commitment to ensure a well-functioning and liquid…
Read More »Biden will not seek reelection; endorses Harris
President Joe Biden says he is not seeking reelection in a letter posted to his official account on X. In a second post, he endorsed Vice President Kamala Harris to succeed him. “It has been the greatest honor of my life to serve as your President,” Biden wrote. “And while…
Read More »Ali Ndume removed as Senate Chief Whip
The All Progressives Congress, (APC) has announced the removal of Senator Ali Ndume representing Borno South (APC-Borno) as the Chief Whip of the Upper Chamber. To replace him is Senator representing Borno North, Sen. Mohammed Monguno (APC-Borno). This was contained in a letter by the National Chairman of the All…
Read More »IMF retains global growth at 3% in 2024
By Abiodun Folarin The International Monetary Fund (IMF) has said that global growth is projected to remain unchanged at 3.2 per cent in 2024 and 3.3 per cent in 2025. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for July 2024: “The Global Economy…
Read More »Court denies Emefiele’s application to travel to UK for medicals
Federal Capital Territory (FCT) High Court on Tuesday dismissed an application filed by the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to travel to the UK medical treatment. The EFCC charged Emefiele with criminal breach of trust, forgery, conspiracy to obtain by false pretence and obtaining…
Read More »NDLEA storms Abuja drug party, arrests 60
The National Drug Law Enforcement Agency (NDLEA), on Sunday said it raided a ‘drug party’ in Abuja and arrested 60 suspects. Its spokesperson, Femi Babafemi, in a statement, said that the Friday party was dubbed: “Go hard or Go Home, Pick Your Poison”. “The suspects comprised of 25 males and…
Read More »NNPC retail Ltd probes “Lubricants-for-Petrol” incident
The NNPC Retail Limited attention has been drawn to a recent video clip on social media concerning its fuel pump attendant coercing customers to purchase lubricants as a prerequisite for purchasing fuel. NNPC Retail Limited said it had launched an investigation into the unfortunate incident and appropriate disciplinary action would…
Read More »Finidi has a contract with NFF – Gusau
President of Nigeria Football Federation Ibrahim Gusau has made it clear that the head coach of Super Eagles George Finidi has a contract with the football house and the call for his sack cannot hold water. Gusau made this known while addressing media after his meeting with the Sports Minister…
Read More »Afreximbank’s Annual Meetings 2024 calls for unity of Africans across the globe
Concisedaily Newsonline– With the 31st annual meetings of the African Export-Import Bank (Afreximbank) underway in Nassau, The Bahamas from June 12-15, attendees have been called to strengthen the linkages between Africa and the Caribbean, the sixth region of the African Union. According to a statement, Heads of State, Ministers, government…
Read More »NNPC Chief Rallies Judiciary’s Support Against Crude Oil Theft
In order for the oil and gas industry to achieve its full potential as an enabler of national economic and industrial growth, the Group Chief Executive Officer of the NNPC Limited, Mr. Mele Kyari, has called for the support of the judiciary in tackling the twin challenges of crude oil…
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