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10
Fri, May

Nigeria’s foreign exchange reserve slightly fell to $30.25 billion by June 28, down 0.36 percent. Data from the central bank on Friday showed a 14.8 percent rise from a year ago, when they stood at $26.34 billion. Nigeria’s dollar reserves have risen slightly this year thanks to the rise in global oil prices.

The Team Leader of USAID Bee Keeping Pollination Project, Mr David Musa, has stated that Nigeria has the potential to generate over 10 billion dollars from local and international trade in honey and other hive products.

The global telecommunication company, MTN, on Friday in Abuja said it would list its shares on the Nigerian Stock Exchange later this year. MTN General Manager, Mr Nikiwe Tsaagane, made the disclosure when he paid a courtesy visit to the Minister of Science and Technology, Dr Ogbonnaya Onu, according to NAN reports.

Nigeria’s manufacturing sector has witnessed expansion for the third consecutive month, according to data released by the Central Bank of Nigeria. The News Purchasing Manager’s Index which measures the size of the nation’s manufacturing sector rose to 52.9 index points at the end of June.

The Acting President, Prof. Yemi Osinbajo, SAN, today signed the 4th Executive Order on Tax Amnesty to tax defaulters. The Federal Government had earlier on Thursday launched its Voluntary Asset and Income Declaration Scheme (VAIDS) to broaden the country’s tax base and offer incentives for tax evaders.

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