Nigeria Government Pledges Fund for Methanol Fuel Technology Development

The Nigerian Federal Government has committed to providing intervention funds to boost the development of methanol fuel technology in the country. Minister of Science Technology and Innovation, Adeleke Mamora, made the announcement at a roundtable interactive session with the Abuja Chamber of Commerce and Industry (ACCI) on the feasibility studies for the adoption of methanol…

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Tinubu Prohibits Procurement of Foreign Goods Available Locally

In a strategic move to enhance Nigeria’s domestic economy and promote local content, President Bola Tinubu has introduced a policy prohibiting Ministries, Departments, and Agencies (MDAs) from acquiring foreign goods or services that are already produced locally, unless a written waiver is obtained from the Bureau of Public Procurement (BPP). On Monday, the Federal Executive…

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Yuan Weakens To 7.1935 Against Dollar

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…

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INEC Presents Certificate Of Return To Re-elected Anambra Governor Soludo

The Independent National Electoral Commission (INEC) has presented the Certificate of Return to Prof. Chukwuma Soludo, confirming his re-election as governor in the November 8 Anambra governorship election. The certificate was handed over by Mr. Kenneth Ikeagu, INEC Supervising National Electoral Commissioner for the election, at the commission’s Awka office, in line with Section 72(1)…

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