Category: Economy
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Agro-Industrial Zone 50000 Jobs In Nigeria
Agro-Industrial Zone 50000 Jobs The Special Agro-Industrial Processing Zones (SAPZ) project will create about 50,000 direct and indirect jobs, with women accounting for 40% of the beneficiaries within the five-year duration of the project. This was disclosed by the Minister of State, Federal Capital Territory (FCT), Dr. Mariya Mahmoud, on Wednesday at the commencement of…
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Naira appreciates against USD at the P2P FX market
The Naira appreciates against USD as exchange rate at the I&E window closed at N416.67/$1 on Thursday. The Naira appreciates against USD as the exchange rate closed at N416.67/$1 at the Investors and Exporters (I&E) window on Thursday 7th April 2022, where forex is traded officially. However, at the peer-to-peer market, the exchange rate appreciated…
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Forex turnover down to a 5-day low, exchange rate depreciates across markets
The exchange rate at the I&E window closed at N417 to a dollar on Tuesday, 29th March 2022, representing a 0.12% depreciation compared to N416.5/$1 recorded in the previous trading session. FX turnover also fell by 51.5% to $97.9 million on Tuesday. Also, Naira recorded a 0.172% depreciation against the US dollar on Wednesday, trading…
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Brent trades at $120 a barrel ahead of emergency NATO meeting
The Brent crude futures is up 4.30%, currently trading $120.44 a barrel. The two major benchmarks of the black liquid are bullish towards the start of the New York trading session today as United States (US) president, Joe Biden, is set to meet with European leaders on Thursday to have an emergency NATO meeting. Also…