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The federal government has described the recent suspension of President Bola Tinubu of Shea Raw’s exports as a bold and strategic move to unlock the full economic potential of the Nigerian Shea industry and establish the country as a global leader in the sector. The Minister of Information and National Orientation, Mohammed Idris, declared him on Tuesday in Minna, in …

Tanko Yunusa, a senior member of the Labour Party, criticised the verdict by the President Election Petitions Court on Thursday that upheld President Bola Tinubu of the ruling All Progressives Congress (APC) as the victor in the presidential election. Yunusa, who spoke on Channels Television’s Politics Today, said the Tribunal trashed all aspects of his party’s petition that challenged Tinubu’s …

The National Insurance Commission (Naicom) has ordered all insurance and reinsurance companies in Nigeria to submit their recapitalization plan on September 30. Instructions to follow the enactment of the Nigerian Insurance Industry Reform (NIIR) Law law and aim to ensure the implementation of effective and smooth new capital threshold. With Niira 2025, the minimum capital base for non-life insurance companies …

Nigeria, Angola to sign 15 Mou like the 5th Joint Commission begins in Luanda … as a security list, defense, partnership for migration Luanda (basic reporter) The fifth session of the Commission for the Bilateral Municipality Nigeria-angola Bilateral (Bejc) began in Luanda, Angola, with expectations of significant economic collaborations between the two nations. The minister of Nigeria for foreign affairs, …

Nigerian currency, Naira, appreciated the US dollar in an official window on Tuesday. Nigerian central bank data (CBN) shows that Naira is closed on N1.506.08/$ 1, compared to N1.506.84/$ 1 which is traded on Monday. This is the advantage of N0.76 for local currencies against American Greenback. Naira is closed flat against the dollar to be traded at N1.525/$ 1. …