Latest News in Nigeria Today Wednesday 8th July 2020
These are the Latest News in Nigeria Today on Wednesday 8th July 2020 .
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Exchange rate unification: CBN devalues naira to 380.5 in official market
By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday moved closer unifying the exchange rates in the official market and the Investors and Exporters (I&E) window, as it devalued the naira to N380.5 per dollar in the official market. Data from FMDQ showed an adjustment of the official exchange rate to N380.5 per dollarRead More
Vanguard News.
Flood: Are we sure we’ve govt in this country? Pa James’ son laments
As flood takes over father’s house again Again, the house of veteran actor, Ajirebi Kayode Olasehinde, popularly known as Pa James of Papa Ajasco has been affected by the recent flood that occurred in Lagos State. Veteran Actor, Ajirebi Kayode Olasehinde, popularly known as Pa James in Papa Ajasco is in need of financial assistanceRead More
Vanguard News.
EFCC picks Director of Operations, Umar to oversee commission
Mr Mohammed Umar, the Director of Operations, Economic and Financial Crimes Commission (EFCC), has been picked to oversee the affairs of the agency in the absence of Magu. A top official of the commission disclosed this to the News Agency of Nigeria (NAN) in Abuja on Tuesday. The source, who asked not to be named,Read More
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The allegations against Magu, his defence
Allegations against the suspended Acting Chairman of Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, by the Attorney-General of the Federation and Minister of Justice, Abubakar, and Magu’s defence to the said offences.
Vanguard News.
COVID-19: Kwara starts contact tracing of late CoS
To be buried Wednesday By Demola Akinyemi Kwara state government has ordered all persons who had contacts with the late Chief of staff, Alh Adisa Logun in the last fourteen days to surrender themselves for a test at its COVID -19 Infectious Disease Center and then proceed on self-isolation until the result of their testRead More
Vanguard News.
COVID-19: 49m Africans at risk of extreme poverty — AfDB
By Jimoh Babatunde The African Development Bank, AfDB, has said an additional 49 million Africans are at risk of extreme poverty due to the COVID-19 pandemic and its aftermath, with West and Central Africa to be the worst hit. This was contained in AfDB’s comprehensive socio-economic assessment of the COVID-19 pandemic’s impact released on TuesdayRead More
Vanguard News.
AfDB says Nigeria’s GDP to contract between 4.4% and -7.2%
THE African Development Bank, AfDB has projected that Nigeria’s Gross Domestic Product; GDP, would contract by between -4.4 percent and -7.2 percent in 2020, depending on the gravity and duration of the Coronavirus pandemic, COVID-19.
Vanguard News.
China about to run out of places to store crude oil
CHINA is almost out of space to hold the oil that domestic traders bought at bargain-basement prices earlier this year when the Covid-19 pandemic crushed global crude demand.
Vanguard News.
I’m best for WTO job, but need help with PR — OKONJO-IWEALA
Dr. Ngozi Okonjo-Iweala has said she is the best candidate for the Director-General of World Trade Organisation, WTO, position, but that she needs volunteers as she lacks the resources to engage public relations firms and lobbyists that other candidates might be using. Dr. Okonjo-Iweala spoke in an interview on Arise Television’s prime news programme, NEWSNIGHTRead More
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Farmers ask CBN to exclude ‘political farmers’ from zero-interest facilities
By Jimoh Babatunde Farmers and other stakeholders in the agricultural sector have demanded that the planned integration of non-interest credit facilities into the Anchor Borrowers’ Programme, ABP, the Targeted Credit Facility, TCF, and other agricultural credit schemes by the Central Bank of Nigeria, CBN, should be exclusively opened to genuine farmers through their associations. TheyRead More
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