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The Nigerian currency, Naira, was closed flat against the US dollar on the official market on Friday. Nigerian central bank data (CBN) shows that Naira is closed on N1, 586.15/$ 1 is the same as N1, 586.15/$ 1 which is traded on Thursday. This is not a loss or profit for local currencies. In the black market, Naira obtained N5 …

President Bola Tinubu has signed the order of “Operating Operations upstream (incentives for cost efficiency), 2025”, to put an end to the high operating costs in the oil and Nigerian gas sector, compared to the global average. This is contained in a document obtained by our correspondent from the special consultant office to the president for energy in Abuja. According …

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A member of the House of Representatives from Obudu/Obanliku/Bekwarra Federal Constituency at Cross River State, Mr. Peter Akpanke, has defected from the Democratic Party (PDP) of the people to the Congress of All Progressive (APC) in the state. Akpanke confirmed the change during media briefing by Cross River APC Caucus at the National Assembly on Friday in Calabar. Also read: …