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USAID Approves $10.6Mn For Nigeria Under 2021 DOA Pact
The United States Agency for International Development (USAID) has announced an additional $10.6 million in development assistance to continue support for the goals outlined in a 2021 Development Objectives Assistance Agreement signed between the U.S. and Nigerian governments. The U.S’ agency stated that most of the new funding would be used to finance the Nigerian […]
BoI’s Boss Lists Benefits Of Chinese $500m Facility To Economy
The Managing Director, Bank of Industry (BoI), Olukayode Pitan, on Tuesday described the $500 million financing facility secured from China Export Import Bank (CEXIM) as crucial to Federal Government’s current efforts to reposition the nation’s economy on the path of sustainable growth. The banker was quoted by the News Agency of Nigeria (NAN) as saying […]
Naira Depreciates, Trades N738/$1 At Parallel Market
Nigeria’s currency, the Naira marginally depreciated in exchange value with the US dollar on Wednesday at the black market and closed at an average of N738/$1, representing 0.41% depreciation from the N735/$1 rate it recorded in the past three trading sessions. According to information provided by dealers at the black market, the local currency also […]