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From Segun Amure, (The New Diplomat's Abuja Bureau) The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has advised Nigeria against entering unfavourable bilateral trade agreements with rich countries so as not to be at a disadvantage in global trade. Okonjo-Iweala disclosed this recently at the Forbes Leading Women Summit 2021 edition tagged…
March 11, 2021
By Abiola Olawale The President Muhammadu Buhari's administration said efforts are ongoing to reduce the pump price of Premium Motor Spirit (PMS) otherwise known as petrol to as low as N100 per litre. Senator Ita Enang, the Senior Special Assistant to the President on Niger Delta Affairs disclosed this at a news conference in Abuja.…
March 10, 2021
By Abiola Olawale The First City Monument Bank (FCMB) has upscaled its operations, and service to Nigerians as it introduced a cardless biometric transaction policy. FCMB customers can now seamlessly carry out various transactions with their fingerprints and Bank Verification Numbers (BVNs). Following the development, FCMB became the first bank in Nigeria to introduce paperless…
March 10, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) To woo more diaspora remittances to the country, Nigeria's apex bank, the Central Bank of Nigeria (CBN), Saturday launched a forex promo. The initiative 'CBN Naira 4 Dollar Scheme' aims to pay naira to senders and recipients of international money transfers. This development was contained in a…
March 7, 2021
Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online. Oil skyrocketed on Thursday after OPEC+ decided to hold off on easing production cuts for another month, surprising the oil market. WTI and Brent shot up more than 4%. During early trading on Friday, Brent…
March 6, 2021
By Abiola Olawale Mr. Godwin Emefiele, Governor Central Bank of Nigeria (CBN), has revealed that the apex bank has so far disbursed N300 billion as loan to 76 manufacturing companies in the country, as part of its efforts to boost production in the manufacturing sector. Emefiele revealed that the Apex bank released N300 billion funds…
March 6, 2021
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $1.52, or 2.3%, at $68.26 a barrel by 1008 GMT and U.S. West Texas…
March 5, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) Deputy Senate President, Senator Ovie Omo-Agege, Minister of State for Petroleum Resources, Timipre Sylva, Minister of Transport, Rotimi Amaechi; Minister of State, Labour and Productivity, Festus Keyamo and big wigs in the oil and gas industry will gather at a virtual colloquium to proffer solutions and address…
March 5, 2021
The Federal Government has signed a 1.4 billion dollar agreement with OCP Group of Morocco to produce ammonia and diammonium phosphate in the gas industrialisation strategy. A statement issued on Wednesday in Abuja by Mr Titilope Olubiyi, Communications Officer, Nigeria Sovereign Investment Authority (NSIA) said the agreement was signed in Benguerir, Morocco. The agreement was…
March 3, 2021
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From Segun Amure, (The New Diplomat's Abuja Bureau) The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has advised Nigeria against entering unfavourable bilateral trade agreements with rich countries so as not to be at a disadvantage in global trade. Okonjo-Iweala disclosed this recently at the Forbes Leading Women Summit 2021 edition tagged…
March 11, 2021
By Abiola Olawale The President Muhammadu Buhari's administration said efforts are ongoing to reduce the pump price of Premium Motor Spirit (PMS) otherwise known as petrol to as low as N100 per litre. Senator Ita Enang, the Senior Special Assistant to the President on Niger Delta Affairs disclosed this at a news conference in Abuja.…
March 10, 2021
By Abiola Olawale The First City Monument Bank (FCMB) has upscaled its operations, and service to Nigerians as it introduced a cardless biometric transaction policy. FCMB customers can now seamlessly carry out various transactions with their fingerprints and Bank Verification Numbers (BVNs). Following the development, FCMB became the first bank in Nigeria to introduce paperless…
March 10, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) To woo more diaspora remittances to the country, Nigeria's apex bank, the Central Bank of Nigeria (CBN), Saturday launched a forex promo. The initiative 'CBN Naira 4 Dollar Scheme' aims to pay naira to senders and recipients of international money transfers. This development was contained in a…
March 7, 2021
Brent is now flirting with the $70 mark after OPEC+ shocked markets once again by refusing to bring more oil production online. Oil skyrocketed on Thursday after OPEC+ decided to hold off on easing production cuts for another month, surprising the oil market. WTI and Brent shot up more than 4%. During early trading on Friday, Brent…
March 6, 2021
By Abiola Olawale Mr. Godwin Emefiele, Governor Central Bank of Nigeria (CBN), has revealed that the apex bank has so far disbursed N300 billion as loan to 76 manufacturing companies in the country, as part of its efforts to boost production in the manufacturing sector. Emefiele revealed that the Apex bank released N300 billion funds…
March 6, 2021
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $1.52, or 2.3%, at $68.26 a barrel by 1008 GMT and U.S. West Texas…
March 5, 2021
From Segun Amure, (The New Diplomat's Abuja Bureau) Deputy Senate President, Senator Ovie Omo-Agege, Minister of State for Petroleum Resources, Timipre Sylva, Minister of Transport, Rotimi Amaechi; Minister of State, Labour and Productivity, Festus Keyamo and big wigs in the oil and gas industry will gather at a virtual colloquium to proffer solutions and address…
March 5, 2021
The Federal Government has signed a 1.4 billion dollar agreement with OCP Group of Morocco to produce ammonia and diammonium phosphate in the gas industrialisation strategy. A statement issued on Wednesday in Abuja by Mr Titilope Olubiyi, Communications Officer, Nigeria Sovereign Investment Authority (NSIA) said the agreement was signed in Benguerir, Morocco. The agreement was…
March 3, 2021
