CBN injects $106.5 Million into FX market amidst rising demand pressure
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CBN injects $106.5 Million into FX market amidst rising demand pressure

Bygistgrill

The Central Bank of Nigeria (CBN) has announced an intervention in the foreign exchange market, injecting a total of $106.5 million to address mounting demand pressures from corporate entities. The bank made the move to improve supply in the foreign exchange market in line with its price stability mandate and its commitment to ensure a…

Nigeria’s child mortality, malnutrition too high – Official
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Nigeria’s child mortality, malnutrition too high – Official

Bygistgrill

The Federal Capital Territory Administration (FCTA) says that approximately one million Nigerian children die annually before their fifth birthday due to various illnesses. The Mandate Secretary, Health Services and Environment Secretariat (HSES), Adedolapo Fasawe, said this on Friday at a news conference to kickstart the 2024 FCT Maternal Newborn and Child Health Week (MNCHW) vaccination….

Dangote Refinery 45% completed, not yet licensed – NMDPRA
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Dangote Refinery 45% completed, not yet licensed – NMDPRA

Bygistgrill

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday said the 650,000 barrels per day Dangote refinery is still at the pre-commissioning stage and has not yet been licensed. The NMDPRA Chief Executive, Farouk Ahmed, disclosed this while speaking to the state house correspondents on Thursday. Mr Ahmed said the allegations raised by…

Mass IT outage hits banks, airlines, other global institutions
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Mass IT outage hits banks, airlines, other global institutions

Bygistgrill

Major global institutions have reported suffering a mass IT outage that has crippled operations and impacted customers. The institutions include international airlines, major banks, media outlets and hospitals. Some states in the US Friday said emergency services were affected, while several of the country’s airlines have grounded their flights around the world. Reports said Australia,…

CBN sells dollars to BDCs at N1,450/$1
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CBN sells dollars to BDCs at N1,450/$1

Bygistgrill

The Central Bank of Nigeria on Thursday disclosed that it sold $20,000 to each Bureau De Change operator at a rate of N1,450 per U.S. dollar. The bank disclosed this in a circular addressed to the President of the Association of Bureau De Change operators of Nigeria and the general public. In the circular, signed…

Autism Conference: Sanwo-Olu’s wife suggests alternative communication methods for children with special needs
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Autism Conference: Sanwo-Olu’s wife suggests alternative communication methods for children with special needs

Bygistgrill

The wife of Governor Babajide Sanwo-Olu of Lagos State, Ibijoke Sanwo-Olu, has reiterated the need to adopt alternative communication methods that suit the needs of different children with Autism Spectrum Disorder (ASD). Mrs Sanwo-Olu, a medical practitioner, suggested adding local content, including visuals and sounds as part of communication strategies based on the unique strengths…

TotalEnergies sell its Nigerian onshore oil business for $860 million
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TotalEnergies sell its Nigerian onshore oil business for $860 million

Bygistgrill

Oil major TotalEnergies announced that its Nigerian subsidiary signed a sale and purchase agreement (SPA) with Chappal Energies for the sale of its 10 per cent interest in the Shell Petroleum Development Company (SPDC) Joint Venture licences in Nigeria. The company, in a statement Wednesday, said the transaction was concluded for a firm consideration of…

Delta enrols more than two million persons into health insurance scheme
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Delta enrols more than two million persons into health insurance scheme

Bygistgrill

The Delta State Government says it has enrolled more than two million persons into its contributory health insurance scheme. The Director-General of the Delta State Contributory Health Commission (DSCHC), Isaac Akpoveta, disclosed this when he received members of the Asaba Correspondents’ Chapel of the Nigeria Union of Journalists (NUJ) on Wednesday in Asaba. He said…

Nigerian govt to impose windfall tax on banks
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Nigerian govt to impose windfall tax on banks

Bygistgrill

The Nigerian government is taking aim at lenders by introducing windfall tax on banks’ foreign currency revaluation gains, hoping to use the proceeds to part-finance its spending plans. President Bola Tinubu wrote to the Senate, asking it to back a legislation that will tax the bumper income derived by banks last year from the revaluation…