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AMBASSADOR ADUDA PLEDGES TO MOVE MOD TO THE NEXT LEVEL

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The new Permanent Secretary Ministry of Defence, Ambassador Gabriel Tanimu Aduda has pledged to improve on the performance of the outgoing Permanent Secretary of the Ministry Dr. Ibrahim Abubakar Kana mni.

He stated this during the handover ceremony by the outgoing Permanent Secretary Ministry of Defence Dr. Ibrahim Kana mni to Amb. Gabriel Aduda, the new Permanent Secretary at Ship House, Abuja.

According to him, the MOD is like home coming because he is a product of Military background family , has good knowledge of Military veterans and destiny has brought us back.
In addition, with the very good testimonies about the achievements of Dr. Kana, we shall take it further to the next level so that his efforts will not be in vain.

He called for honesty amongst the Staff of MOD which is the key to success in all endeavors. He promised to build on the foundation which Kana has laid to further add value to the system.

Furthermore, Amb. Aduda called for Commitment, Courage, and Excellence to duty and that he does not joke with the welfare of his Staff and so solicited for their cooperation in all ramifications

 

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Nigeria, Ethiopia, and Tunisia Join Russia’s Currency Trading List Amid Global Economic Shifts

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In a significant move that underscores shifting global trade dynamics, Nigeria, Ethiopia, and Tunisia have been added to Russia’s official currency trading list. This development expands the number of countries on the list from 30 to 40, reinforcing Russia’s strategic push toward alternative financial partnerships amid ongoing Western sanctions.

The inclusion of these African nations, alongside other new entrants such as Laos and Mexico, is part of Moscow’s broader effort to bolster trade in national currencies. The expansion is also driven by the need to enhance liquidity, as Russian individuals and financial institutions have limited capacity to provide sufficient liquidity in foreign currencies.

Impact on Trade and Economic Relations

This decision is expected to strengthen bilateral trade flows between Russia and these newly added countries, supporting transactions estimated at $1.8 trillion. Furthermore, it provides a buffer for Russia’s $1.3 trillion economy, which continues to navigate the challenges posed by Western-imposed financial restrictions.

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Margaret Olele Highlights Ease of Doing Business in Nigeria at High-Profile FDI Roundtable

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Lagos, Nigeria – The Chief Executive Officer of the American Business Council, Margaret Olele, recently presented key insights from the American Business Council Nigeria survey report on the Ease of Doing Business in Nigeria. Her presentation was delivered at the Existing Foreign Direct Investment (FDI) Roundtable, organized by the Office of the Vice-President of Nigeria in collaboration with The Presidential Enabling Business Environment Council (PEBEC) Secretariat.No alt text provided for this image

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Burkina Faso Unveils Locally Manufactured Electric Vehicles, Marking a Milestone in Sustainable Transportation

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In a groundbreaking development for Burkina Faso’s automotive industry, local manufacturer ITAOUA has introduced two innovative electric vehicle models, the SAHEL and NATIVE. This unveiling represents a significant step towards sustainable mobility and technological advancement within the West African nation.

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Renowned professor, entrepreneur, and investor Ndubuisi Ekekwe has weighed in on the escalating trade tensions between the United States and China, warning of potential global economic shifts as a result of U.S. tariff policies.

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Shifting Global Trade Dynamics

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Bridging Nigeria’s Digital Divide

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Industry Stakeholders Call for Pragmatic Approach to Telecom Tariff Adjustment

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 Telecom industry stakeholders have urged a balanced approach to the recently approved tariff adjustment by the Nigerian Communications Commission (NCC), emphasizing the need to sustain operations while minimizing the financial burden on consumers.

Speaking on behalf of industry players, the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and other key stakeholders acknowledged the economic realities necessitating the tariff review. They highlighted the mounting operational costs driven by inflation, foreign exchange instability, and rising energy prices, which have put immense pressure on service providers.

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