Again, Naira Loses To Dollar, Closes at 419

EconomyMoneyNewsAgain, Naira Loses To Dollar, Closes at 419

Bada Yusuf Amoo (Correspondent)May 9, 2022

The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation, weaker than N417 it traded on Friday. The open indicative rate closed at N419 to the dollar on Monday. An exchange rate of N423.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.00. The Naira sold for as low as 410.84 to the dollar within...

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Aside N100m, Two Other Clauses APC Has Adopted To Reduce the Number of Presidential Aspirants

MoneyNigeria ElectionsAside N100m, Two Other Clauses APC Has Adopted To Reduce the Number of Presidential Aspirants

Bada Yusuf Amoo (Correspondent)May 8, 2022

ABUJA — When the ruling All Progressives Congress (APC) announced its Presidential nomination and expression form at N100 Million, many analysts felt it was a plot to reduce the number of aspirants that will purchase the form, unfortunately, the party has currently made N17 billion from the sales of the form as 17 out of the about 30 aspirants who have declared interest have picked up the form. The N100 million cost of the presidential...

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Airline Operators In Nigeria To Suspend Services

Aviation-AirportsBusinessNewsAirline Operators In Nigeria To Suspend Services

Hassan Umar Shallpella (Regional Correspondent)May 7, 2022

The Airline Operators of Nigeria says flight operations in Nigeria will be suspended beginning Monday next week due to skyrocketing prices of aviation fuel. This is contained in a statement signed by the President of the Airline Operators of Nigeria, Alhaji Abdulmunaf Yunusa, and 9 other operators. According to the Airline operators, they cannot continue to deploy and subsidize their services at the expense of their business. They urged travelers to make alternative arrangements, as...

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ASUU Launches Bottled Water Factory In Jos

BusinessEducationNewsASUU Launches Bottled Water Factory In Jos

By Ezinwanne Onwuka (Senior Reporter)May 5, 2022

JOS — The University of Jos chapter of the Academic Staff Union of Universities (ASUU) has launched a bottled water and beverage factory in Jos. The University of Jos Academic Staff Cooperative Investment company Limited (UJASCICL) bottled water and beverage factory located at Dong community of Jos North Local Government Area of the state was commissioned by ASUU National President, Prof. Victor Osodeke on Thursday. Speaking at the commissioning, Dr Lazarus Maigoro, chairman of the...

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Enugu State Partners With Fr. Mbaka To Build Hospital, Waste Management Plant And Factories

HealthInvestingNewsEnugu State Partners With Fr. Mbaka To Build Hospital, Waste Management Plant And Factories

Ije Ulasi (Regional Correspondent)May 4, 2022

ENUGU — The Enugu State Governor, Ifeanyi Ugwuanyi has declared his administration’s intentions to support a proposal by a British firm, HP Kapital Limited to build a 500-bed University Hospital, three factories, a waste management plant and other facilities within the vicinity of the Adoration Ministry in Enugu. The Governor disclosed this when he received in the audience the fiery Roman Catholic priest and Spiritual Director Adoration Ministry Enugu Nigeria, AMEN, Rev. Fr. Ejike Mbaka,...

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FG Trains 177 Youths In Smartphone Repairs With N5.9bn

JobsNewsFG Trains 177 Youths In Smartphone Repairs With N5.9bn

By Ezinwanne Onwuka (Senior Reporter)April 29, 20221

KANO — The Federal Government revealed on Thursday that it will spend N5.9 billion on training, tooling, and monthly stipends for Batch C N-Power Program recipients in Kano State. Sadiya Umar Farouq, Minister of Humanitarian Affairs, Disaster Management, and Social Development, made the announcement during the concluding ceremony of the N-Skills programme, a component of the N-Power initiative in Kano, which trained 177 youngsters in Smart Phone Repairs and Services. The Minister, who was represented...

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The Billionaires From The East Will Buy Twitter From Elon Musk For $70b – Cubana Chief Priest

BusinessLifestyleThe Billionaires From The East Will Buy Twitter From Elon Musk For $70b – Cubana Chief Priest

By Ezinwanne Onwuka (Senior Reporter)April 28, 2022

Celebrity barman, Cubana Chief Priest, claims that he’s making efforts alongside some other billionaires from the Eastern part of Nigeria to buy Twitter from the world’s richest man, Elon Musk. Cubana took to his Twitter page to state that he will team up with Obi Cubana and E-Money and other billionaire friends from Southeast to acquire Twitter from Musk at a higher price of $70 billion. “We are making progress on submitting our offer to...

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Nigerian Communications Commission Approves 1,843 Phone Brands For Nigerian Market

BusinessTelecommunicationNigerian Communications Commission Approves 1,843 Phone Brands For Nigerian Market

Hassan Umar Shallpella (Regional Correspondent)April 27, 2022

ABUJA — The Nigerian Communications Commission (NCC) has approved 1,843 phone brands for the Nigerian market. The new approvals represent a total increase of 351, from the 1,492 phones approved in 2020 by the regulator. The telecommunications regulator disclosed this in its ‘Type Approval’ regulation published on Tuesday. “The mobile handsets approved have been tested and found to meet the applicable Type Approval standards required to allow them to be sold to consumers and operated...

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Indonesia-Nigeria Trade Volume Reaches 2.46bn Dollars

BusinessEconomyIndonesia-Nigeria Trade Volume Reaches 2.46bn Dollars

PilotnewsApril 27, 2022

Trade volume between Indonesia and Nigeria reached 2.46 billion dollars between 2016 and 2021, says Amb. Usra Harahap, Ambassador of Indonesia to Nigeria. Harahap said this on Tuesday in Abuja while fielding questions from newsmen, when he said about 25 Indonesian companies had invested in Nigeria. He said trade between the two countries kept increasing in the last six years. “In 2016 it reached 1.59 billion dollars and in 2021 it increased to 2.46 billion...

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PENGASSAN Vows to Address Casualisation in Oil, Gas Industry

EconomyOil & GasPENGASSAN Vows to Address Casualisation in Oil, Gas Industry

PilotnewsApril 27, 2022

By Esenvosa Izah LAGOS — The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said it would ensure that issues of casualisation in the oil and gas industry are reduced to the barest minimum. PENGASSAN’s President, Mr. Festus Osifo, made this known at a media parley with the Labour Writers Association of Nigeria held on Tuesday in Lagos. Osifo also made the declaration as part of the union’s congratulatory message to workers in...

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