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Reject World Bank advice or risk implosion, Nigerians tell Tinubu

Tinubu is the most World Bank-compliant president we have ever had—no question about it. His devotion to the World Bank reform orthodoxy is uncritical and total, and he is blinded to the contradiction in the World Bank’s rhetoric on Nigeria.

NNPC-CNL makes oil ‘discovery’ at PML 49

THE NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV), yesterday, said it has made a major oil ‘discovery’ at the Meji NW-1 well in Petroleum Mining Lease, PML 49, offshore the Niger Delta.
After a successful drilling, the NNPC-CNL said the well was spudded on September 2, 2024, and the 8,983-ft depth was reached on September 13, 2024.

Naira depreciates to N1,725/$ in parallel market

By Elizabeth Adegbesan The Naira today depreciated to N1,725 per dollar in the parallel market from N1,710 per dollar on Thursday. However, the Naira appreciated to N1,600.78 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,600.78 per dollar from N1,660.49 […]

Public office holders must be held accountable —Makinde

GOVERNOR ‘Seyi Makinde of Oyo State, yesterday, charged media practitioners to be transparent in discharging their duties as the watchdog of the society, noting that journalists must hold political office holders accountable in the public’s interest.

1bn people living in acute poverty — UN Report

More than one billion people are living in acute poverty across the globe, a UN Development Programme report said yesterday, with children accounting for over half of those affected.

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