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Buhari Nominates Former Jonathan Minister, Okonjo-Iweala for WTO DG Position

President Muhammadu Buhari has nominated Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, for the position of Director General.of the World Trade Organisation. The Federal Government had earlier nominated Yonov Frederick Agah, Nigeria’s permanent representative to WTO, for the position. In a Diplomatic Note no 146/2020 by Embassy of Nigeria and …

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BREAKING: Buhari meets AfDB President, Adesina behind closed doors

President Muhammadu Buhari is meeting with embattled President, African Development Bank (AfDB), Dr. Akinwumi Adesina in the Presidential villa. Adesina has been under scrutiny after he was accused of impropriety by the Bank Ethics Committee. Former Presidents Olusegun Obasanjo and Goodluck Jonathan intervened vehemently defended Adesina against the charges. Although, …

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Naira exchanges at N450 to dollar

The naira on Thursday exchanged at N450 to  dollar at the parallel market as build up on dollar demand continued to rise. The naira is seen weakening on the black market as dollar demand rises from foreign investors and importers with payment obligations accumulated amid hard currency shortages triggered by …

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Naira plunges further, dollar sells for N412

The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This followed a temporary suspension of sale of forex to the Bureau De Change operators in the industry by the Central Bank of Nigeria. The Association of Bureaux De Change Operators of Nigeria had …

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President Buhari approves skeletal operations in Banks, Other Financial system as Abuja, Lagos, Ogun lock down

The ministry of Finance, Budget and National Planning and Central Bank of Nigeria (CBN) have announced that skeletal activities will be allowed in Nigeria’s Financial System and Money Markets as three cities, Lagos, Abuja and Ogun begin a lockdown Monday night to enable the containment of coronavirus pandemic. Minister of finance, …

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