In a press briefing on Thursday, the Federal Government of Nigeria disclosed its decision to set the exchange rate at N800 to the dollar in the 2024 Appropriation Act, emphasizing the need for stability amid uncertainties. Minister of Budget and National Planning, Atiku Bagudu, explained that the government avoided using a spot rate to account for potential fluctuations and unforeseen events. Bagudu clarified that the initial projection was a N750 to the dollar exchange rate in the 2024 budget, a figure later adjusted by the National Assembly to N800. He highlighted the pragmatic approach of not relying on spot prices…
Author: Editor Francis
The European Union (EU), unveiled plans to introduce a robust customs pre-arrival safety and security system, targeting incoming cargoes via sea, rail, and road. The initiative, aligned with the Import Control System 2, is scheduled to commence on June 3, 2024. The EU outlined that under this new policy, traders will be required to furnish data on goods destined for or passing through the region prior to their arrival. Applicable to maritime and inland waterways, as well as road and rail transportation, the policy mandates importers to submit a complete entry summary declaration. This marks the third phase of the…
Приведенные ниже стратегии призваны продемонстрировать различные возможности, доступные трейдерам, а также послужить отправной точкой для создания более тщательного и детализированного набора правил. В данном разделе сайта Вы сможете найти стратегии форекс на любой вкус. Вашему вниманию представлены агрессивные торговые стратегии форекс, позволяющие получить максимальную прибыль в минимальные сроки, но обладающие при этом высоким риском. Прошлые результаты не гарантируют конкретных результатов в будущем. Проведение торговых операций на финансовых рынках с маржинальными финансовыми инструментами имеет высокий уровень риска, поэтому подходит не всем инвесторам. Вы несёте полную ответственность за принятые торговые решения и результат, полученный в ходе работы. При выборе учитывайте, что даже…
In a nighttime training session on Wednesday, the Super Eagles, led by head coach Jose Peseiro, honed their skills under floodlights in Abidjan, Cote d’Ivoire. The team, having arrived earlier in the day for the 2023 Africa Cup of Nations finals, is currently accommodated at the Pullman Hotel. The three-time champions, supervised by Peseiro, are set to intensify their preparations for the upcoming competition on Thursday. The Super Eagles are gearing up for their first match against Nzalang Nacional of Equatorial Guinea scheduled for this Sunday.
In a much-anticipated event scheduled for Tuesday, January 16, President Bola Tinubu is slated to launch two significant books centered on the tenure of former President Muhammadu Buhari. The occasion, chaired by former Head of State Yakubu Gowon, will also witness the presence of President Buhari himself. The two books in focus are “Working with Buhari: Reflections of a Special Adviser, Media and Publicity (2015-2023)” authored by Femi Adesina and “Muhammadu Buhari: The Nigerian Legacy (2015-2023)” edited by Udu Yakubu. Adesina and Yakubu clarified that these publications aim not to serve as public relations materials but rather as comprehensive records…
In a press conference held at the police headquarters in Abuja on Wednesday, the Nigeria Police Force issued a cautionary statement, urging Nigerians to refrain from using the trending slogan “No gree for anybody.” The Force spokesperson, ACP Muyiwa Adejobi, emphasized that the newly adopted phrase for 2024 among the youth is “No dey gree for anybody.” Adejobi expressed concerns based on intelligence reports, highlighting the potential for unrest emanating from a revolutionary sector associated with the slogan. He emphasized that while the phrase may seem innocuous in everyday conversation, in the realm of security, it is deemed highly perilous…
In an effort to spur growth in the mining sector and attract foreign investments, the Nigerian government is set to grant tax waivers on imported equipment, according to the Minister of Solid Minerals Development, Dele Alake. The announcement was made during a meeting with the Saudi Arabian Minister of Industry and Mineral Resources, Bandar AlKhorayef, on the sidelines of the Future Minerals Forum in Riyadh. The minister emphasized the government’s commitment to offering tax incentives specifically aimed at the mining industry and ensuring full repatriation of profits for investors. This move comes at a crucial time as the nation grapples…
A cast of venture capitalists, a banker, and a real estate entrepreneur are the controllers of Strategic Capital Investment Limited (SCIL), the consortium to which the Central Bank of Nigeria sold Polaris Bank, PREMIUM TIMES can authoritatively report. Our investigation is revealing for the first time the full span of the ultimate beneficial ownership of the bank. The trio of Michel Danladi Verheijen and Ehimari Idahi, who are venture capitalists, and Albert Chukwuemeka Emuwa, a banker, used layers of offshore entities to hold their 45% shareholding in the bank. Full disclosure of these holdings, including details of Polaris Bank‘s full…
Jadon Sancho, originally from Manchester, is set to make a temporary return to his former club, Borussia Dortmund, after facing challenges in his current stint with the Mancunian team. The Bundesliga side has reportedly secured an agreement with Manchester United for the 23-year-old winger to join them on loan until the end of the season. According to transfer market specialist Fabrizio Romano, the loan deal does not include a purchase option, making it a short-term arrangement. Dortmund will pay a fee of approximately 4 million euros along with a portion of Sancho’s salary for the loan period. Sancho previously played…
In an intense football clash at the Al-Awwal Park stadium in Riyadh, Mario Hermoso and Antonio Rudiger scored early headed goals, setting the stage for a thrilling encounter between Real Madrid and Atletico Madrid. Ferland Mendy’s goal sent Real Madrid ahead, but Antoine Griezmann’s milestone goal leveled the score, making him Atletico’s all-time leading scorer. An own goal by Kepa Arrizabalaga then gave Atletico the lead, only for Dani Carvajal to equalize for Madrid, forcing the game into extra time. As the match approached a potential penalty shootout, Stefan Savic’s own goal tilted the balance in favor of Real Madrid.…
In a media interaction held in Abuja on Wednesday, Dr. Musa Adamu, the recently appointed Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), expressed his commitment to a fresh and proactive approach in tackling corruption, differing from his predecessors. During the media parley with journalists, Adamu assured that he would set a precedent by personally appearing in court during the prosecution of individuals charged with corruption by the ICPC. Emphasizing his intention to lead by example, he stated, “As the Chairman of ICPC, I will be appearing in court during prosecutions. If there’s a case I…
In a recent operational visit to the 14 Brigade Nigerian Army (NA) Goodluck Ebele Jonathan (GEJ) Barracks in Ohafia, Abia State, Chief of Army Staff (COAS) Lieutenant General Taoreed Lagbaja emphasized the crucial need for collaborative efforts among key stakeholders in South-East Nigeria to put an end to the unauthorized sit-at-home order. The COAS stressed the importance of involving all relevant parties in the region to restore normalcy and revive the socio-economic activities for which the area is known. During his visit, Lieutenant General Lagbaja expressed gratitude to the Abia State Government for the substantial support received by the Nigerian…