The Nation Newspaper Today Headline Friday 13th May 2022
The Nation Newspaper Today Headline and news Dailies Update on current affairs happening now in Nigeria today 13/05/22
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Why president Buhari loves Dave Umahi, by Femi Adesina
For the second time in the life of this administration, President Muhammadu Buhari visited Ebonyi State last week, commissioned landmark projects, and equally passed the night. Rare, very rare on visits to States. The President has 36 Governors to relate with, and possibly contend with. Political party would not matter, as he is the father
Smugglers attack Customs, seize rifle
Suspected smugglers at the wee hours of Friday attacked a Nigerian Customs Service (NCS) team around Oke-Odo, Lagos, fleeing with a service rifle and a vehicle laden with confiscated rice. The smugglers, said to have outnumbered the Customs officials, ambushed the operatives while on their way to their office at Ikeja to drop the
Crown Flour Mill’s economic contribution recognised
Crown Flour Mill Limited (CFM), the wheat milling business of the agribusiness giant, Olam Agri, has won Nigeria’s National Productivity Order of Merit Award. The top award was presented to the flour milling firm by President Muhammadu Buhari, at an event held at the State House Banquet Hall, Abuja, in recognition of its economic contributory
Citi-backed Global Citizen names award winners
The international advocacy organisation, Global Citizen, backed by Citi, has announced winners of its Global Citizen Prize: Citizen Award and Cisco Youth Leadership Award. They were recognised for shaping the world and the impact of their pivotal work in fighting for social justice. The Global Citizen Prize 2022 shines a light on international activists who keep the world’s poor at the forefront
MARA raises $23m from crypto investors
MARA, a Pan-African crypto exchange has announced $23 million in funding from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures, DIGITAL, Nexo and Huobi Ventures Day One Ventures. Others include Infinite Capital, DAO Jones (investment DAO backed by Mike Shinoda, Steve Aoki and Disclosure), and nearly 100 other crypto investors, and angels including Amit
ABCON seeks stable exchange rate in roadmap to save naira
The Association of Bureaux De Change Operators of Nigeria (ABCON) has developed a roadmap campign to save the naira from further depreciation and achieve exchange rate stability. The ABCON National Executive Council, which disclosed this yesterday in Lagos, said the naira is exchanging at N596/$ at the parallel market and N415.83/$ at the official market,
Access Bank plans to dominate agency banking
Access Bank plans to dominate agency banking by significantly increasing its customer base and deepening wallet share of the banking population. Access Bank’s agency banking-‘Access Closa ’ recently hit a milestone of having 100,000 agents spread across Nigeria. The bank further plans to increase its footprint by having a minimum of 50 agents in each
Airtel Africa grows net profit by 82% to $755m
Airtel Africa Plc delivered well-rounded performance in the immediate past business year with 20.6 per cent growth in revenue and 82 per cent growth in net profit. The audited report and accounts of Airtel Africa for the year ended March 31, 2022 released yesterday showed that the year was of strong growth, margin expansion and
Jaiz Bank posted N1b net profit in three months
Nigeria’s pioneer non-interest bank, Jaiz Bank Plc recorded double-digit growths in incomes and profitability in the first quarter, pulling up its profit beyond the N1 billion mark within the three-month period. Key extracts of the interim report and accounts of Jaiz Bank for the first quarter ended March 31, 2022 showed that gross income rose
Why Nigeria is exposed to import parity prices
Vice President, Crude and African Markets, Argus Media, James Gooder, has explained that the price of diesel and aviation fuel are higher than those of petrol globally because the supply of diesel and aviation fuel (middle distillates) was mainly from Russian refineries which are under sanctions, noting petrol is from Northwestern Europe refineries. Gooder spoke
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