GHANA has officially invited holders of nearly $13bn in international bonds to participate in a debt swap as part of its ongoing restructuring efforts. The announcement, made on Thursday, follows months of negotiations and comes after a preliminary agreement with two bondholder groups. Bondholders have until September 30 to accept …
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WHAT is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 5th September, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira …
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THE Nigerian National Petroleum Company Limited has announced that it has supplied 30 million barrels of crude oil to the Dangote oil refinery, with plans to provide an additional 17 million barrels soon. The Executive Vice President of NNPCL Downstream, Adedapo Segun, disclosed this on Thursday while speaking on Arise …
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THE scheduled second interrogation of the Nigeria Labour Congress (NLC) President, Joe Ajaero, by the police did not take place on Thursday as planned, with Ajaero and the NLC Secretary, Emmanuel Ugboaja, failing to appear at the Force Criminal Investigation Department (FCID) in Abuja. A Punch correspondent who was at …
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UGANDAN Olympic marathon runner Rebecca Cheptegei tragically died on Thursday, just four days after her boyfriend doused her in petrol and set her on fire in Kenya. Cheptegei, 33, who competed in the Paris Olympics, suffered burns to over 75 percent of her body during the horrific attack, according to …
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THE Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA). Speaking on TVC …
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THE Nigeria Correctional Service (NCS), on Thursday, confirmed that the federal government has raised the feeding allowance for inmates by 50%. The increase becomes effective from August 2024. The spokesperson of the NCS, Abubakar Umar, confirmed the development in an interview with Punch, adding that the approval is part of efforts …
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THE Vice President, Kashim Shettima, on Thursday met with the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari and the National Security Adviser (NSA), Nuhu Ribadu over the recent increase in the price of petrol in …
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A Federal High Court sitting in Yenagoa, Bayelsa State, says the Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede risks imprisonment over his alleged refusal to comply with its ruling. The court stated that the EFCC boss failed to comply with its verdict in a suit filed against the …
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… Maiduguri is safe, Borno SSG assures By Inusa Ndahi, Maiduguri BORNO State Governor, Babagana Umara Zulum, has sent a high-powered delegation to assess the impact of water overflow at Alau Dam which is threatening Maiduguri Metropolis and its environs. Alau Dam which has a reservoir capacity of 112 million …
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