▪︎Eric Andrew The WTO has selected Eric Andrew, Nigeria, founder and team lead at agricultural non-profit AgrofixiNG, along with seven other candidates around the world to form the first cohort of its Young Trade Leaders Programme, which lasts one year, starting from August 7. • Others are: Phoebe Britten, Australia, youth advocate and Founder and…
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), is calling on the Central Bank of Nigeria (CBN) to act quickly to pay the outstanding balance of the 2022 to 2023 foreign exchange forwards to the affected companies. Conversely, CBN Governor, Olayemi Cardoso, maintained that the bank would not pay for FX…
The General Council of the World Trade Organization (WTO) said today – 9 November- that nominations for the position of Director-General closed yesterday, 8 November and that the incumbent Director-General, Ngozi Okonjo-Iweala, is therefore the only candidate for the role. Ambassador Petter Ølberg of Norway, Chair of the General Council, informed the member countries via…
The Bank of Agriculture (BoA) wants to raise N1.5 trillion (approximately $1 billion) in a major recapitalisation drive aimed at improving liquidity and expanding its lending capacity to the nation’s agricultural sector. In a statement, BoA Managing Director, Mr. Ayo Sotinrin, said the fund will be channeled towards financing key agricultural value chains, addressing infrastructure…
Today, the Naira is exchanging at the Black Market and the CBN rate as follows : Black Market Rates • 1 US Dollar is 1398 Naira. •1 Great British Pound (GBP) is 1890 Naira. •1 Euro (EUR) is 1595 Naira. •1 Canadian Dollar (CAD) is 1020 Naira. •1 Chinese Yuan is 190 Naira. •1 South…
Today, the Naira is exchanging against the USD, Pound and the Euro , as follows: BLACK MARKET RATES US DOLLAR (USD) Buy ₦1,405 Sell ₦1,410 GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900 EURO (EUR) Buy ₦1,580 Sell ₦1,600 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE…
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▪︎Cover image: Doris Uzoka-Anite Minister of Industry, Trade and Investment. Photo: X ” The paper industry in Nigeria has largely been in recession due to the growth in digital technology and other macroeconomic headwinds.” The sector contracted to 0.56% in 2023 from the 1.47% in 2022. Dr. Muda Yusuf, the Chief Executive Officer of the…
There is a bigger picture to see beyond the closure of Jubilee Syringe Manufacturing (JSM) Company Limited which forced the management to have declared the over 200 staff temporarily redundant. In a memo to the staff, the Akwa Ibom State based company, which was commissioned in 2017 by former Vice President, Yemi Osinbajo, told the…
A man has been crushed to death by a robot in South Korea after the machine apparently failed to differentiate him from the boxes of produce it was handling. South Korean news agency Yonhap reported on Wednesday that the man, a robotics company worker in his 40s, was inspecting the robot’s sensor operations at a…
