The Naira on Wednesday depreciated at the official market, trading at N1,687.52 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N8.59. This represents a 0.51 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,678.93 to a dollar….
The World Bank has doled out financial reward, totalling four million US dollars (N6.8 billion), to the Imo Government for promoting good governance and accountability in the ease of doing business. The Commissioner for Information, Public Orientation and Strategy, Mr Declan Emelumba, announced this at a press conference in Owerri on Wednesday. Emelumba said that…
Kenya head of debt management on Wednesday said Kenya has secured a 200 million dollars loan from the African Development Bank and is in talks with the World Bank for a new 750 million dollars loan. The debt-laden government has been scrambling for new financing after deadly protests in June forced it to scrap planned…
China on Wednesday said that it was unaware of the possible involvement of a Chinese ship in the damage reported on two communication cables in the Baltic Sea. According to the Financial Times report the Chinese-flagged freighter Yi Peng 3 was sailing near the submarine cables around the time of the incident. Surprisingly, the Chinese…
Statistics South Africa on Wednesday said South Africa’s inflation rate dropped in October to its lowest level since the peak of the COVID pandemic. Statistics South Africa said falling fuel prices were the primary driver of the slowdown in annual inflation to 2.8 per cent from 3.8 per cent in September (ZACPIY=ECI), opening a new…
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 24 pips to 7.1935 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate…
The high-level diplomatic push for climate action shifted southward on Tuesday as G20 leaders meeting in Rio, backing scaling up climate finance. The leaders sent a clear signal to negotiating teams at stalled UN climate talks in Baku on the need to rapidly and substantially ‘scale up climate finance from billions to trillions from all…
The United Nations Educational Fund (UNICEF) says that more than 95 million Nigerians lack access to sanitation services. Dr Olusoji Akinleye, Coordinator and Officer in Charge (OIC) UNICEF, Field Office, Enugu, said this on Tuesday, in Enugu at a media dialogue to mark the “2024 World Toilet Day” with the theme: “Toilets; a place for…
In a bid to combat phone theft and protect users’ sensitive data, Google on Tuesday in Lagos announced new advanced theft protection features for Android devices in Africa and around the world. The announcement is contained in a statement made available to the News Agency of Nigeria (NAN) by Mrs Oluwaseun Odufuwa, Account Manager, Irvine…
President Bola Tinubu on Monday said the creation of the Global Alliance Against Hunger and Poverty, championed by President Luiz Inacio Lula da Silva of Brazil, was pivotal in the global fight against hunger and poverty. Tinubu said this at the 19th G20 Leaders Summit opening session in Rio de Janeiro, Brazil. He lauded the…
