FBN Holdings Announces Otedola as Non-Executive Director
“Otedola is a strong leader with a track record of achievements in business and always aiming to make things better and adding value in areas where pioneers have trod.”
“Otedola is a strong leader with a track record of achievements in business and always aiming to make things better and adding value in areas where pioneers have trod.”
The SSA to the Governor on Agriculture explained that cocoa was responsible for 1.04 per cent of exports and contributes 3.33 per cent to employment in Nigeria.
They noted that the significant rise in inflation largely reflected the impact of fuel subsidy removal and exchange rate devaluation.
There was relief in the forex market on Wednesday, as the naira appreciated at both the official I&E forex window and the parallel market.
“We are committed to strengthening partnership, encouraging efficiency, and creating a suitable environment for investors.”
He said majority of Nigeria’s refineries are obsolete.
The Macroeconomics professor also said that deregulation of the oil sector, considering the current realities, will lead to an oligopolistic market which will not benefit the economy.
ARISE Special Correspondent, Abisola Owolawi explores Ghana’s cocoa sector in this documentary.
“It is better for us to own 49 per cent of a high performing entity than 90 per cent of an entity that is under-performing,” said the CEO of Ministry of Finance Incorporated.
The deal is to support the acceleration and growth of MTN’s fintech business payments and remittance services.
With I& E window at N744/$1 and parallel market at N950/$1, Shonubi said Tinubu “very concerned” about naira slide and revealed intervention measures will be ready in a matter of days.
The apex bank said the President is concerned about developments in the market and assured that impactive intervention measures will be ready in days.
Industry data shows production fell to 1.081m bpd in July.
It has Introduced a framework for in-country FX transfers to remove barriers.
“So far, we have taken some baby steps and pushed some aggressive positions,” he said.
Shonubi said that policies should be put in place to control and detect channels for illegal remittances.
According to NCC, the figures was a collation based on the submissions received from service providers in the industry
However, on the Investors and Exporters’ (I&E) window, the naira closed at N781/$1 compared with its opening rate of N782/$1.
Nigeria’s economy has been under pressure since the Central Bank of Nigeria (CBN) floated the currency in June.
The court also restrained Orjiakor or any other person under his authority, from withdrawing from or dealing with his funds in any bank within Nigeria, pending the hearing of the motion.
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