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PIA: Buhari Blames Past Leaders for Lacking Political Will to Transform Sector

PIA: Buhari Blames Past Leaders for Lacking Political Will to Transform Sector
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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PIA implementation begins next year

The Federal Government has embargoed implementation of the Petroleum Industry Act (PIA) till August 2022. President Muhammadu Buhari gave this hint when he inaugurated a steering committee to oversee. ....

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COVID-19: FG Scores Self High on Interventions

COVID-19: FG Scores Self High on Interventions
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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CBN recovers N89bn excess bank charges, others

CBN recovers N89bn excess bank charges, others
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

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FDC: Ending FX Sale to BDCs Disrupts 'Juiciest Economic Racket'

â¢ Naira depreciates to N525 on parallel market, stable on I & E window
Obinna Chima and
Nume Ekeghe
By putting an end to the sale of foreign exchange (FX) to Bureau De Change (BDC) operators, Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has âdisrupted one of the juiciest gravy trains in the Nigerian economic racket,â Financial Derivatives Company Limited (FDC) has stated.
However, the naira depreciated to N525 to a dollar yesterday on the parallel market, lower than the N505 to a dollar it traded on Tuesday after the central bank announced its discontinuation of FX sale to BDCs. But on the Investors and Exportersâ (I & E) window, the naira exchange rate against the dollar closed at N411.60 to a dollar at the close of market yesterday, compared with the N411.50 to a dollar it closed the previous day. ....

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