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Cashew association wants federal govt to re-evaluate activities in ports to facilitate trade

The National Cashew Association of Nigeria (NCAN) has appealed to the Federal Government to take measures to instil efficiency in the country’s ports to facilitate export with emphasis to agricultural perishable produce.

Central bank injects $210 million into currency market

Nigeria’s central bank said on Monday it had injected $210 million into the interbank foreign exchange market, part of an effort to improve liquidity and alleviate the dollar shortages of the past few years.

Federal govt’ll retain capital budget despite forthcoming elections – Kemi Adeosun

The Federal Government’s capital budget would be strictly deployed to fund infrastructural projects across the country, particularly the completion of ongoing projects, the Minister of Finance, Kemi Adeosun, has said.

Nigeria will benefit from Pamo University of Medical Sciences – General Abdulsalami

Former Nigerian Head of State, General Abdulsalami Abubakar, has declared that the establishment of Pamo University of Medical Sciences will help the country conserve foreign exchange as highly trained medical doctors will be educated locally.

Britain to add Naira to list of accepted trade currencies

Britain’s Export Finance Agency will add the Naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency.

MultiChoice, DSTV/GOTV to shut down June 2019

The Federal Government may have notified the management of MultiChoice DSTV/GOTV that their operations, in Nigeria, will come to an end in 2019 as their license expires June next year.

Central bank gives ultimatum to exporters to repatriate proceeds

The Central Bank of Nigeria (CBN) has given exporters who failed to repatriate their proceeds a ninety-day moratorium to comply or face a complete ban on banking services in Nigeria.

Forex: Banks cancel commissions on PTA, tuition, medical bills

Members of the Bankers’ Committee have agreed that banks in the country should stop charging commission on the sale of foreign exchange to customers, particularly those meant for Personal Travel Allowance, Business Travel Allowance, tuition and medical bills payment.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) has injected $210 million into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market.

South Korea uncovers almost $600 million in illegal cryptocurrency trade

South Korea has uncovered illegal cryptocurrency foreign exchange trading worth nearly $600 million, a sign authorities are tightening the regulatory screws on the digital asset that many global policymakers consider to be opaque and risky.

Nigeria’s external reserves hit $40.3 billion

Investors have injected $5.23 billion through the Investors and Exporters (I&E) foreign exchange (forex) window in four weeks while the Central Bank of Nigeria, CBN, has intervened in the forex market with $986 million since the beginning of the year.

Central bank again injects $304.4m into forex market

The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) of the inter-bank Foreign Exchange Market to the tune of 304.4 million dollars.

Federal govt planning another Sukuk, Eurobond in 2018 – DMO

The director general of the Debt Management Office (DMO), Patience Oniha, says the federal government will issue another Eurobond and Sukuk in 2018.

Weaker dollar may not hurt Nigeria country – VP Yemi Osinbajo

Nigeria’s vice president said on Thursday that a weaker U.S. dollar did not necessarily hurt his oil-producing nation.

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Bayelsa shooting allegation a ploy to divert attention from massive oil theft – NSCDC

The Nigeria Security and Civil Defence Corps, Bayelsa Command, says allegations that its officials shot and injured a vigilante team member is an attempt to divert attention from the massive oil theft in the state.

Federal govt urged to give accurate details on missing Yobe schoolgirls

The Bring Back our Girls Group, BBOG, has urged the federal government to give accurate details of the number of school-girls recently declared missing in Yobe State after their school was invaded by suspected Boko Haram insurgents.

Lai Mohammed: We are not averse to media criticism

The Minister of Information and Culture, Alhaji Lai Mohammed, says President Muhammadu Buhari’s Administration is not averse to media criticism but it should be done, “objectively and factually.”

DPR seals 5 petrol stations in Sokoto, Kebbi

The Department of Petroleum Resources (DPR) has sealed five petrol stations in Sokoto and Kebbi states, with a warning to independent marketers to desist from sharp practices and buying diverted products.

Bathing babies with hot water can cause high temperature – official

A Community Health Technician, Mrs, Hellen Bulu, has advised Nigerian women against bathing their newborn babies with hot water.

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‎Zamfara killings: Governor Yari vindicates me on $1 billion withdrawal – Ayodele Fayose

Ekiti State Governor, Ayodele Fayose, has said the claim by Zamfara State Governor, Alhaji Abdulaziz Yari, that security agencies failed to respond to the alert given them to prevent the massacre of people in Zamfara has vindicated him.

Ibrahim Idris: Police lose 9,028 to retirement, dismissal, death annually

The Inspector General of Police ( IGP), Mr Ibrahim Idris, says the Nigeria Police Force loses 9,028 officers to death, dismissal and retirement annually.

Russia insists it didn’t meddle in US election

Russia’s government on Monday insisted there was no evidence that it meddled in the US elections, after Washington indicted 13 Russians and three Russian firms for alleged covert efforts to sway voters.

House of Reps probes NEMA over N2.4 billion contract

The House of Representatives on Thursday mandated its committee on Emergency and Disaster preparedness to investigate the alleged violation of public trust at the National Emergency Management Agency, NEMA, over the indiscriminate award of a contract worth N2.4 billion.

Zamfara killings: Police arrest three principal suspects

The police on Sunday said they had arrested three principal suspects in connection with the killing of over 20 persons in Birane village in the Zurmi Local Government Area of Zamfara State last week.