Meanwhile, some foreign exchange market analysts have stated that the dollar rose slightly against the naira between Wednesday and Friday due to interbank moves of the commercial banks.
They said the moves had helped to narrow the gap between the official interbank and parallel market rates of the local unit. They, however, stressed the need for exchange rate unification by the central bank.
Part of the statement read: "This arm-twisting tactic by the Chinese company is the latest in a long list of failed moves to attach Nigerian government-owned assets in foreign jurisdictions.
Even if Trump is still a contentious figure around the world, his previous moves have an impact on geopolitical tensions, especially those between Iran and the United States.
What of the foreign investor that wants to bring business here, but has to bribe to do that business? Ask the taxi driver who refuses to give a Gwagon driver way... he will tell you the owner stole to buy it.
Because domestic investment is what actually attracts foreign investment," he stated. The Dangote Group had previously announced this plan in 2022, with intentions to invest significantly in the steel sector.
President Trump's announcement marks a major victory from him on the foreign policy front, with some of his biggest moves yet stalled. The Russia-Ukraine peace talks have not progress much, not at least as regards Russia.
The Nigerian government is demanding at least $10 billion as retribution from Binance amid crackdown on the crypto exchange platform in desperate moves to salvage the value of the nation's local currency.
As lively music filled the air, the Oyinbo man effortlessly showcased impressive dance moves, blending in seamlessly with the talented cultural dancers.
Free agency From January 1, any player set to become a free agent at the start of July can officially open talks and agree a transfer to a foreign club.
Within this period under review, a net foreign exchange loss of N70 billion (2022: N5.5 billion) was recorded, with N52.5 billion attributed to finance costs.