The naira experienced a rise yesterday, climbing to N1,620 per dollar in the parallel market, up from N1,625 per dollar on Monday. However, it faced a decline in the Nigerian Foreign Exchange Market (NFEM), where it fell to N1,598.69 per dollar, compared to N1,597 per dollar the previous day, reflecting a depreciation of N1.69. As…
Russia on Wednesday proposed to create the Association of Ethno-Gastronomic Tourism, saying it would help strengthen cooperation between states and the private sector at the BRICS working group meeting. Nikita Kondratiev, Director of Multilateral Economic Cooperation and Special Projects of the Russian Ministry of Economic Development made the announcement on the ministry’s website. “The accession…
Vice-President Kashim Shettima says, with critical reforms in key sectors of the economy, Nigeria is ripe for investments. Shettima stated this on Tuesday when he hosted a delegation from the Islamic Development Bank (IsDB), at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the delegation was led by the Head of…
President Bola Tinubu has reiterated his commitment in undertaking bold and comprehensive reforms to reposition the country’s fisical architecture for resilience, inclusiveness and economic growth. Tinubu said this during the 27th Annual Chartered Institute of Taxation of Nigeria (CITN) Tax Conference in Abuja on Tuesday. The theme of the conference was, “Taxation for development, policies,…
Saudi Crown Prince Mohammed bin Salman on Tuesday announced that the kingdom has signed agreements with the U.S. worth more than 300 billion dollars during U.S. President Donald Trump’s current visit. His remarks came during the 2025 Saudi-U.S Investment Forum in Riyadh, attended by Trump following bilateral talks and the signing of several agreements. “Our…
The President of the United States, Donald Trump arrived in Saudi Arabia on Tuesday at the start of a four-day visit to the wealthy Gulf region, focusing more on economic deals and regional security matters. These includes war in Gaza to talks on Iran’s nuclear programme. With a who’s who of powerful American business leaders…
Saudi minister of Investment Khalid Al-Falih has reiterated the country’s commitment to advancing cooperation and continuing years of strong bilateral relations with the United States. Al-Falih made this pledge on Tuesday at the Saudi-U.S. Investment Forum holding in Riyadh. He said the relationship between the two countries was built on trust, partnership, and a shared…
Indian authorities Monday announced the reopening of 32 airports it closed down for civilian flight operations due to airspace restrictions in the wake of heightened tensions with Pakistan. The step was taken following a ceasefire agreement between the two countries reached on Saturday. In a statement, the state-owned Airports Authority of India said the 32…
A chieftain of the APC in Bauchi State, Alhaji Sani Al-Amin, has lauded President Bola Tinubu for his decisive financial restructuring reforms that had cleared Nigeria’s long-standing International Monetary Fund (IMF) legacy debt. Al-Amin made the commendation in an interview with the News Agency of Nigeria (NAN) on Monday in Bauchi. He described it as…
Fidelity Bank Plc says it generated N105.8 billion as its profit before tax (PTB) for the first quarter of 2025. This represents a growth of 167.8 per cent compared to N39.5 billion in same period of 2024. The bank disclosed this in its unaudited financial statements released on the Nigerian Exchange. The company’s gross earnings…
