Russia Receives Nigeria’s New Ambassador Iji
Ambassador Iji is expected to focus on advancing mutual interests, building on the longstanding diplomatic ties between the two countries, which recently marked 65 years of formal relations.
2026
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Association differs with Ministry of Industry on $1bn AfCFTA credit facility
” The bottlenecks include foreign exchange (FX) constraints, excessive port charges, cumbersome export procedures and regulatory bottlenecks that continue to frustrate businesses engaged in international trade,
620 youths train in new skills under industrial policy
The report indicated that 400 youths underwent mechatronics training under the National Automotive Design and Development Council (NADDC), while another 220 artisans were trained through the Industrial Training Fund’s Skill-up Artisan Programme.
Customs, BAT sign pact to tackle illicit tobacco trade
The Comptroller-General of Customs, Bashir Adeniyi, signed for the NCS, while Managing Director of BAT Nigeria, Yarub Al-Bahrani, appended the MoU for his company.
Naira Exchange Rates To Foreign currencies Friday, June 19
Today, the Naira is exchanging at the Black Market for US DOLLAR (USD) ₦1, 400,
GREAT BRITISH POUND (GBP) ₦1,870 , and EURO (EUR) ₦1, 590
Nigeria Hails Philippines on Education Partnership
A key highlight was the growing educational partnership between both countries, with Ambassador Mellejor revealing that about 9,000 Nigerian students are currently studying in the Philippines.
MOF Releases Nigeria Tax Act 2025 Transition Guidelines
Under the Guidelines, the Tax Acts 2025 comprising the Nigeria Revenue Service (Establishment) Act, the Nigeria Tax Act, the Nigeria Tax Administration Act, and the Joint Revenue Board (Establishment) Act apply from the respective commencement dates as enacted in each law. In particular, January 1, 2026 for the Nigeria Tax Act, 2025.
FG orders MDAs to stop 1% stamp duty deduction on official payments
The directive was contained in a circular signed by the Accountant General of the Federation, Dr Shamseldeen Ogunjimi.
For The Record: The 14-point US-Iran pact To End War
The United States of America and the Islamic Republic of Iran have agreed to resolve the disposition of stockpiled enriched material pursuant to a mechanism that will be mutually agreed upon, in accordance with the schedule mentioned in paragraph seven with the minimum methodology to be down blending on site under the supervision of the IAEA.
Naira Exchange Rates To Foreign currencies Thursday, June 18
Black Market Rates
US DOLLAR (USD) Buy ₦1, 400 Sell ₦1,405
GREAT BRITISH POUND (GBP) Buy ₦1,865 Sell: ₦1,885
EURO (EUR) Buy ₦1, 585 Sell ₦1, 605