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Naira Gains As CBN Sustains FX Reforms

The Naira appreciated further at the official market on Monday, trading at N1,497.11 against the Dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira gained N3.62. This marks a 0.24 per cent increase compared to Friday, Feb. 21, when the local currency closed at N1,500.73 to the Dollar. The Naira…

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Why Africa Should Leverage Resources, Market Advantages — Chinese Envoy

Ms Yan Yuqing, the Consul General of the People’s Republic of China in Lagos, Nigeria, says African nations should leverage their resources and market advantages to engage more in international cooperation while maintaining sovereignty and economic independence. According to Yuqing, the global trade system is undergoing restructuring, and countries need to strengthen cooperation and dialogue…

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Shettima Reaffirms Nigeria’s Commitment To Africa’s Digital Trade Agenda

Vice-President Kashim Shettima, on Wednesday, reaffirmed Nigeria’s commitment to leading Africa’s digital trade agenda under the African Continental Free Trade Area (AfCFTA). Shettima, represented by the Minister of Industry, Trade, and Investment, Dr Jumoke Oduwole, stated this on Wednesday at the AfCFTA Digital Trade Workshop and Global Market, in Abuja. The News Agency of Nigeria…

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Tinubu Backs Africa-led Credit Rating Agency

President Bola Tinubu says he strongly supports an Africa-led credit rating agency (ACRA), saying it will provide fairer, more transparent credit assessments for African economies. The President said this at the 38th Ordinary Session of the Assembly of the African Union (AU) Heads of State and Government in Addis Ababa, Ethiopia, on Sunday. “An independent…

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