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2025 Budget: Additional N4.5 trn For BOA, BOI Recapitalisation Commendable – Uwaleke

A Financial Expert, Prof. Uche Uwaleke, has commended the Federal Government for the additional N4.5 trillion in the 2025 budget proposal to strengthen development finance institutions. Uwaleke, a Professor of Capital Market and the President of Capital Market Academics of Nigeria gave the commendation in an interview with the News Agency of Nigeria (NAN) on…

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Uganda Appoints New Central Bank Governor

Uganda’s President Yoweri Museveni has appointed Michael Atingi-Ego as the country’s new Central Bank Governor. Presidency spokesperson, Sandor Walusimbi, confirmed the appointment on Monday in Nairobi, adding that Atingi-Ego had previously worked for the central bank in a senior position, then left and returned in 2020 as deputy governor. He has been the acting head…

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Yuan Weakens 7.1707 Against Dollar

The central parity rate of the Chinese currency Renminbi, or the Yuan, weakened eight pips to 7.1707 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before…

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Saudi Arabia Restricts Multiple-entry Visas For Nigeria, 13 Others

Saudi Arabia has introduced new visa regulations that will impact travellers from 14 countries. The rules restrict them to single-entry visas valid for 30 days with no option for extension. The changes apply to tourists, business travellers, and those visiting family members while excluding applicants for Hajj and Umrah, diplomatic or residency visas. The new regulations target travellers from…

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Nigeria, Bahrain Sign Joint Communiqué To Establish Diplomatic Relations

Nigeria and the Kingdom of Bahrain on Sunday signed a Joint Communiqué to officially establish diplomatic relations between the two countries. The Minister of Foreign Affairs, Amb. Yusuf Tuggar, disclosed this in a statement on Sunday by Alkasim Abdulkadir, Special Assistant on Media and Communications Strategy to the Minister. Tuggar said the understanding was reached…

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