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US, Russia swap prisoners facing lengthy sentences

The United States and Russia exchanged high-profile prisoners on Wednesday even as the two countries remain sharply at odds over Moscow’s two-month invasion of Ukraine. Russia freed Trevor Reed, a former U.S. Marine jailed in Russia since 2019 after Russian authorities said he assaulted a police officer when he was detained after a heavy night […]

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EU to support Nigeria expand energy sector

The European Union (EU) on Tuesday promised to support Nigeria in its energy sector diversification through hydro, wind and biotechnology, to boost the power sector. Ms Inga Stefanowicz, the Team Lead of EU Delegation to Nigeria and ECOWAS on Green and Digital Economy, said this in an interview with the News Agency of Nigeria (NAN), […]

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Pan-African Payment System, BUNA sign MoU to build payments between Africa, Arab region

The Pan-African Payment and Settlement System (PAPSS) in collaboration with the African Continental Free Trade Area (AfCFTA) Secretariat, has signed a Memorandum of Understanding (MoU) with BUNA. The News Agency of Nigeria (NAN) reports that PAPSS is operated by the African Export-Import Bank (Afreximbank) This is contained in a statement signed by Mr Papa Thiongane, […]

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DMO receives 300 bids for FGN bonds

The Debt Management Office (DMO) says it received 300 successful bids in the recently released Federal Government of Nigeria (FGN) bonds offer. The DMO, in a statement on Wednesday said the bonds offer were oversubscribed to the tune of N34.15 billion, N12.3billion and N143.08 billion respectively. The News Agency of Nigeria (NAN) reports that the […]