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Financial experts have commended the retention of the Monetary Policy Rate (MPR) and other parameters by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). They said the outcome of the 278th MPC was in line with predictions and consistent with global trends among central banks. They said this in interviews with…
March 24, 2021
By David Messler One of the things that doesn't get a lot of discussion in the press is the under-the-table relationship Iran and China have had when it comes to oil. At first glance, they wouldn't seem to have a lot in common. One is a theocracy with a radical view of non-believers and the…
March 24, 2021
By Abiola Olawale (The New Diplomat's Southwest Bureau) Tension has escalated in Igbomotoru community in the Southern Ijaw Local Government Area of Bayelsa State over the reported case of attack that led to blowing up of the Nigerian Agip Oil company's pipelines by some armed men. According to reports, unknown gunmen, suspected to be militants…
March 23, 2021
The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5% as the apex bank kept other parameters the same. The New Diplomat understands that the MPR is the interest rate at which CBN lends to the commercial banks. The MPR is also…
March 23, 2021
CAPPA To Sanwo-Olu: Probe Past Spendings In State’s Water Sector Since 1999 The decades-old water crisis in Lagos has worsened in recent times, leaving millions of residents without safe and portable water to battle the ravaging Covid-19 pandemic, a report by Corporate Accountability and Public Participation Africa (CAPPA) has revealed. The report which was presented…
March 23, 2021
By Abiola Olawale (The New Diplomat's Southwest Bureau) The United States Agency for International Development (USAID), on Monday, announced an additional development assistance of $168.5 million (N63.8bn) to Nigeria. This was disclosed in a press release of the agency, on Monday. According to the statement, the additional $168.5 million is to support the goals outlined in a 2015 bilateral agreement…
March 23, 2021
The Central Bank of Nigeria, CBN, has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances. The bank had earlier introduced a “Naira 4 Dollar Scheme”, an incentive that pays naira to senders and recipients of international money transfers. The incentive will see recipients of diaspora remittances paid N5 for…
March 22, 2021
The Presidential Task Force (PTF) on COVID-19 said it received 300,000 doses of the Oxford-AstraZeneca vaccines from MTN Nigeria. Speaking at the National briefing, the Chairman of the PTF and Secretary to the Government of the Federation, Mr Boss Mustapha said: “Yesterday, Sunday, March 21, 2021, the PTF received 300,000 doses of the Oxford-AstraZeneca vaccines…
March 22, 2021
By Abiola Olawale (The New Diplomat's Southwest Bureau) Chief Timipre Sylva, Minister of State for Petroleum Resources, has assured Nigerians that the Federal Government would ensure a speedy completion of the renovation works on Port Harcourt refinery, adding that citizens should hold him and the government accountable should the project fail. The assurance by Sylva…
March 22, 2021
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Financial experts have commended the retention of the Monetary Policy Rate (MPR) and other parameters by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). They said the outcome of the 278th MPC was in line with predictions and consistent with global trends among central banks. They said this in interviews with…
March 24, 2021
By David Messler One of the things that doesn't get a lot of discussion in the press is the under-the-table relationship Iran and China have had when it comes to oil. At first glance, they wouldn't seem to have a lot in common. One is a theocracy with a radical view of non-believers and the…
March 24, 2021
By Abiola Olawale (The New Diplomat's Southwest Bureau) Tension has escalated in Igbomotoru community in the Southern Ijaw Local Government Area of Bayelsa State over the reported case of attack that led to blowing up of the Nigerian Agip Oil company's pipelines by some armed men. According to reports, unknown gunmen, suspected to be militants…
March 23, 2021
The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5% as the apex bank kept other parameters the same. The New Diplomat understands that the MPR is the interest rate at which CBN lends to the commercial banks. The MPR is also…
March 23, 2021
CAPPA To Sanwo-Olu: Probe Past Spendings In State’s Water Sector Since 1999 The decades-old water crisis in Lagos has worsened in recent times, leaving millions of residents without safe and portable water to battle the ravaging Covid-19 pandemic, a report by Corporate Accountability and Public Participation Africa (CAPPA) has revealed. The report which was presented…
March 23, 2021
By Abiola Olawale (The New Diplomat's Southwest Bureau) The United States Agency for International Development (USAID), on Monday, announced an additional development assistance of $168.5 million (N63.8bn) to Nigeria. This was disclosed in a press release of the agency, on Monday. According to the statement, the additional $168.5 million is to support the goals outlined in a 2015 bilateral agreement…
March 23, 2021
The Central Bank of Nigeria, CBN, has published a list of the international money transfer operators (IMTOs) approved for diaspora remittances. The bank had earlier introduced a “Naira 4 Dollar Scheme”, an incentive that pays naira to senders and recipients of international money transfers. The incentive will see recipients of diaspora remittances paid N5 for…
March 22, 2021
The Presidential Task Force (PTF) on COVID-19 said it received 300,000 doses of the Oxford-AstraZeneca vaccines from MTN Nigeria. Speaking at the National briefing, the Chairman of the PTF and Secretary to the Government of the Federation, Mr Boss Mustapha said: “Yesterday, Sunday, March 21, 2021, the PTF received 300,000 doses of the Oxford-AstraZeneca vaccines…
March 22, 2021
By Abiola Olawale (The New Diplomat's Southwest Bureau) Chief Timipre Sylva, Minister of State for Petroleum Resources, has assured Nigerians that the Federal Government would ensure a speedy completion of the renovation works on Port Harcourt refinery, adding that citizens should hold him and the government accountable should the project fail. The assurance by Sylva…
March 22, 2021
