Nigeria said it may consider resorting to the policy of reciprocity against the United States on visa restriction imposed on its citizens, The Nigeria Immigration Service (NIS) Comptroller-General, Mohammed Babandede, said this while explaining the new visa policy that was launched by President Muhammadu Buhari earlier in the year, noting that the new Nigerian...
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The German power firm, Siemens AG is expected to help Nigeria upgrade 105 power substations and construct 70 new ones across the country as part of the multilateral deal between the federal government, the government of Germany and the company. President Mohammadu Buhari recently approved the release of funds for the first part of...
Read MoreAs the world gradually reopening the international airspace for traveling between countries, some airlines are now asking travelers to present Coronavirus test certification before they are allowed to board flights to their destinations. The demand for covid-19 test certificate is one of the measures adopted by the aviation industry to steam the spread of...
Read MoreFMDQ Securities Exchange on Monday said the new Companies and Allied Matters Act 2020 singed into law by President Muhammadu Buhari last week would reposition Nigeria as a compelling destination of capital. Bola Onadele, FMDQ Group Chief Executive Officer, said in Lagos that the country’s financial market and the economy would receive the long-awaited...
Read MoreThe Nigeria naira currency on Monday weakened against the dollar on the Investors’ & Exporters (I&E) FX Window by 0.13 percent to N385.50 to the dollar on low dollar turnover and huge demand for hard currency. However, the currency was firmed on the Central Bank of Nigeria (CBN’s) window to N379 to the dollar...
Read MoreThe amount remitted to the federation accounts by the country’s state-owned oil company, the Nigerian National Petroleum Corporation (NNPC) in May fell 26.17 percent to N161.8 billion from N219.16 billion remitted in April, the corporate said in a report on Monday. The amount remitted by the corporation, however, was higher than the N147.15 billion...
Read MoreBy Oludare Mayowa With the signing of the preliminary agreement with two oil companies last week by the Nigerian National Petroleum Corporation (NNPC), the stage is set for the West African country to resolve all disputes with International Oil Companies (IOCs) on oil exports. Nigeria last week announced that it has signed a dispute...
Read MorePresident Mohammadu Buhari in an apparent move to rekindle the dying flame of its anti-graft campaign has ordered comprehensive auditing of the account of the Economic and Financial Crime Commission (EFCC) to unearth the veracity of the corruption allegations against the suspended chairman of the commission, Ibrahim Magu. The audit, which is expected to...
Read MoreBy Oludare Mayowa Are you willing to be used of God, then prepare to be tested in the crucible, be ready to go through the refining fire and be humble enough to submit to His will. When God wants to make use of people, He first calls them out, cleansed them, trains them before...
Read MoreBy Oludare Mayowa “The CBN had frittered away the opportunity to stabilise the market when the foreign exchange reserves were substantial to support the market,” a former director of the bank told one of our reporters . Nigeria’s central bank on Friday adjusted its exchange rate to N379 to the dollar on its website...
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