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Nigeria’s Federal Executive Council has approved three privately financed infrastructure projects worth about $4.29 billion under public-private partnership arrangements.

Nigeria’s Federal Executive Council has approved three privately financed infrastructure projects worth about $4.29 billion under public-private partnership arrangements.

The projects include the Bakassi Deep Seaport in Cross River State, the Ondo Deep Seaport, and the 460-megawatt Katsina-Ala Hydropower Plant. They will be regulated by the Infrastructure Concession Regulatory Commission. Officials say the approvals reflect renewed investor confidence following recent economic reforms. The port projects are expected to boost trade and ease congestion, while...

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Daily FX rate for Thursday, December 18, 2025

Daily FX rate for Thursday, December 18, 2025

NGN → USD Rates NFEM (official) Rate Official Market: Parallel Market: Market Drivers: Liquidity injections by the CBN through authorized dealers have provided some relief to the official market. Stable global oil prices have supported foreign reserves, giving the apex bank room to intervene. OUTLOOK: Market analysts note that the Central Bank of Nigeria (CBN) has...

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NDLEA Secures Court order to Detain 21 Foreign Nationals Linked to Cocaine Trafficking.

NDLEA Secures Court order to Detain 21 Foreign Nationals Linked to Cocaine Trafficking.

The National Drug Law Enforcement Agency (NDLEA) has secured an order of the Federal High Court in Lagos for the detention of a merchant vessel, its captain and 20 other crew members following the seizure of 25.5 kilogrammes of cocaine at the Apapa Seaport. According to a statement disclosed by the Director, Media and Advocacy,...

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National Security Advisor Of The United Arab Emirates Tahnoon Bin Zayed Al Nahyan, Meets With India Minister Of Affair Dr. Jaishankar, On Bilateral Relations.

National Security Advisor Of The United Arab Emirates Tahnoon Bin Zayed Al Nahyan, Meets With India Minister Of Affair Dr. Jaishankar, On Bilateral Relations.

Emirates Tahnoon Bin Zayed Al Nahyan : “I met with His Excellency Dr. Subrahmanyam Jaishankar , the Minister of External Affairs of India, where we discussed opportunities to strengthen our bilateral relations in various fields, supporting joint development and achieving prosperity for the people of our two friendly countries.”

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The US House Passes Protect Children’s Innocence Act With A Vote Of 216-211, Criminalizing Transgender Sex Transition Surgeries For Minors.

The US House Passes Protect Children’s Innocence Act With A Vote Of 216-211, Criminalizing Transgender Sex Transition Surgeries For Minors.

The U.S. House just passed legislation to criminalize transgender sex transitions on minors, including surgeries, puberty blockers and hormone therapy.  This bill makes it a felony to perform genital mutilation surgeries or provide puberty blockers and hormone therapy to minors. 207 Democrats and 4 Republicans voted against it.