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Bank of America: Naira Undervalued Following Currency Float
Following Nigeria’s decision to float the naira, analysts at Bank of America, a US-based bank, have stated that the Nigerian naira has transitioned from being overvalued to undervalued. In a note to clients on June 28, the analysts expressed their view that the fair value of USDNGN (the exchange rate between the US dollar and […]
Northern Leaders Issue Warning to Tinubu: Do Not Negotiate with Bandits
Northern Leaders Reject Negotiating with Bandits, Warn Tinubu Prominent Northern leaders have vehemently opposed a suggestion made by former Zamfara State Governor, Malam Yerima Sani, urging President Bola Tinubu to negotiate with terrorists and bandits, similar to the amnesty granted to Niger Delta militants during Umaru Yar’Adua’s presidency. These leaders argue that negotiating with bandits […]
Dangote Criticizes Imported Diesel Quality, Calls for Investigation
Aliko Dangote Aliko Dangote, President of the Dangote Group, asserted that substandard petroleum products are being imported into the country and sold to unsuspecting Nigerians. During a visit from the House of Representatives leadership, led by Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu, to the Dangote Refinery in Lagos State, Dangote emphasized the need […]