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By Irina Slav The United States has warned China that it will not turn a blind eye to rising Iranian oil exports to Chinese ports, the Financial Times reported, citing a senior Biden administration official. According to the report, Washington has not missed the substantial increase in Iranian crude shipments to China. It has reminded Beijing that…
March 21, 2021
By Abiola Olawale (The New Diplomat's Southwest Bureau) The Central Bank of Nigeria on Thursday disclosed that $5.62bn (N2.24bn) was injected into the foreign exchange market in the fourth quarter of 2020, in a bid stabilize the fluctuating status of the naira. The apex bank disclosed this in its report which was titled "Transaction in…
March 19, 2021
Alphabet Inc’s Google will invest $7 billion in offices and data centers across the U.S. this year, down from the $10 billion last year, and create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The latest investment includes expansion plans for data centres in Nebraska, South Carolina and Texas,…
March 19, 2021
The Central Bank of Nigeria (CBN), has rewarded some farmers in Plateau for repaying as at when due the Agricultural Credit Guarantee Scheme Fund (ACGSF) facility they collected. This was through the 2020 best farmers’ award, with Mr Dabu Haji (fish farmer) emerging the overall winner, while the first runner up was Mr Samson Gariwani…
March 19, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The National Bureau of Statistics (NBS) has said Lagos, Kano and Ogun are the states with the most internet users in Nigeria. NBS in its report "Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information (Q4 2020)" affirmed that there was an increase in…
March 18, 2021
Says It's 'Suspicious... Unwise Use Of Scarce funds' By Abiola Olawale Alhaji Atiku Abubakar, a former Vice President of Nigeria has criticized the approval $1.5bn for the rehabilitation of Port Harcourt Refinery by the Federal Executive Council (FEC). Atiku, who was also the 2019 presidential candidate of Peoples Democratic Party (PDP), raised serious objections to…
March 18, 2021
By Abiola Olawale (The New Diplomat's SouthWest Bureau) The Federal Executive Council(FEC) on Wednesday approved the sum of $1.5 billion for the rehabilitation of the Port Harcourt refinery in Rivers State. Finance experts project that at an exchange rate of N410 to a dollar, the approved sum of $1.5 bn might statistically equate to about…
March 17, 2021
Agency Report -- A Milan court on Wednesday acquitted energy companies ENI and Shell in Nigeria’s oil industry’s biggest corruption scandal. Also acquitted by the court was a long list of past and present managers of the firms, including Eni Chief Executive Claudio Descalzi. The verdict, read out in court by judge Marco Tremolada, comes…
March 17, 2021
By Abiola Olawale The National Bureau of Statistics (NBS) has reported that about 23.19 million Nigerians were unemployed in the fourth quarter of 2020, accounting for one in every three Nigerians without a job. According to the latest report released by the NBS on Monday titled ‘Labour Force Statistics, Unemployment and Under Employment – Q4…
March 16, 2021
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By Irina Slav The United States has warned China that it will not turn a blind eye to rising Iranian oil exports to Chinese ports, the Financial Times reported, citing a senior Biden administration official. According to the report, Washington has not missed the substantial increase in Iranian crude shipments to China. It has reminded Beijing that…
March 21, 2021
By Abiola Olawale (The New Diplomat's Southwest Bureau) The Central Bank of Nigeria on Thursday disclosed that $5.62bn (N2.24bn) was injected into the foreign exchange market in the fourth quarter of 2020, in a bid stabilize the fluctuating status of the naira. The apex bank disclosed this in its report which was titled "Transaction in…
March 19, 2021
Alphabet Inc’s Google will invest $7 billion in offices and data centers across the U.S. this year, down from the $10 billion last year, and create 10,000 new full-time jobs as it takes on a pandemic-driven surge in internet traffic. The latest investment includes expansion plans for data centres in Nebraska, South Carolina and Texas,…
March 19, 2021
The Central Bank of Nigeria (CBN), has rewarded some farmers in Plateau for repaying as at when due the Agricultural Credit Guarantee Scheme Fund (ACGSF) facility they collected. This was through the 2020 best farmers’ award, with Mr Dabu Haji (fish farmer) emerging the overall winner, while the first runner up was Mr Samson Gariwani…
March 19, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) The National Bureau of Statistics (NBS) has said Lagos, Kano and Ogun are the states with the most internet users in Nigeria. NBS in its report "Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information (Q4 2020)" affirmed that there was an increase in…
March 18, 2021
Says It's 'Suspicious... Unwise Use Of Scarce funds' By Abiola Olawale Alhaji Atiku Abubakar, a former Vice President of Nigeria has criticized the approval $1.5bn for the rehabilitation of Port Harcourt Refinery by the Federal Executive Council (FEC). Atiku, who was also the 2019 presidential candidate of Peoples Democratic Party (PDP), raised serious objections to…
March 18, 2021
By Abiola Olawale (The New Diplomat's SouthWest Bureau) The Federal Executive Council(FEC) on Wednesday approved the sum of $1.5 billion for the rehabilitation of the Port Harcourt refinery in Rivers State. Finance experts project that at an exchange rate of N410 to a dollar, the approved sum of $1.5 bn might statistically equate to about…
March 17, 2021
Agency Report -- A Milan court on Wednesday acquitted energy companies ENI and Shell in Nigeria’s oil industry’s biggest corruption scandal. Also acquitted by the court was a long list of past and present managers of the firms, including Eni Chief Executive Claudio Descalzi. The verdict, read out in court by judge Marco Tremolada, comes…
March 17, 2021
By Abiola Olawale The National Bureau of Statistics (NBS) has reported that about 23.19 million Nigerians were unemployed in the fourth quarter of 2020, accounting for one in every three Nigerians without a job. According to the latest report released by the NBS on Monday titled ‘Labour Force Statistics, Unemployment and Under Employment – Q4…
March 16, 2021
