Court grants Emefelie 20 million bail

The suspended Central Bank of Nigeria Governor, Godwin Emefiele, on Tuesday, pleaded not guilty to the alleged gun possession charge filed against him by the Federal Government. The justice of the federal high court Justice Nicholas Eweibo granted a bail of 20 million naira to the suspended governor in Lagos…

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UK approves Naira for Trade financing

The British government through its export credit agency [UKEF], United Kingdom export finance, has approved the acceptance of naira notes from Nigerians for business transactions made in Britain. This will enable the United Kingdom (UK)’s export finance agency to finance transactions with Nigerian businesses denominated in the local currency. This…

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Nigeria receives $9.3m grant from Canada for COVID-19 vaccines

The Federal Government has received a $9.3 million Canadian dollars grant from the Global Initiative for Vaccine Equity (CanGIVE), to boost COVID-19 vaccine delivery and strengthen the broader health system in the country. This was disclosed by the Canadian higher Commisioner  Amb. Jamie Christoff in Abuja, during the launch of…

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CBN officially floats NAIRA

The Central Bank of Nigeria (CBN) has authorized banks to sell foreign exchange freely at market-determined rates, aligning with President Bola Tinubu's commitment to a single exchange rate regime. This move aims to attract investment and address concerns raised by multilateral lending organizations about the negative impact of multiple currency…

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Federal Government committed to promoting micro, small, and medium enterprises [MSME]

Vice President Kashim Shettima has expressed Nigeria’s commitment to strengthening relations with the Republic of Korea, especially in promoting trade, technology transfer, and global peace. He also reiterated the government’s plan to create one million jobs in the digital sector for young Nigerians. Mr. Shettima stated this on Monday when he received…

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