The Central Bank of Nigeria (CBN) has injected approximately US $61.64 million into the hands of foreign airlines operating in the country, a move intended to send the Naira soaring This targeted dollar releass aimed at clearing a portion of the backlog of matured foreign exchange obligations owed to the airlines, is a big step towards stabilizing the country’s forex market and boosting investor confidence. The Acting Director of CBN’s Corporate Communications Department, Mrs. Hakama Sidi Ali confirmed this …
Tag: boost
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The students of the Nigerian Army College of Logistics and Management (NACOLM) embarked on an excursion to the British American Tobacco (BAT) Nigeria Factory, in Ibadan Oyo State. NACOLM’s visit to the $185 million State of the Art facility established in 2003, was part of efforts to enhance their learning on supply chain logistics and insight on global best practices. The visit which involved adult students above the age of 20 years, aimed at helping the students translate …
The Australian government has announced it will spend $186 billion on its military in the next decade, and it will buy long-range missiles to strengthen its defense capabilities amid rising tensions in the Indo-Pacific region as China tries to assert military influence in the region. Speaking at the Australian Defence Force Academy in Canberra, Prime Minister Scott Morrison said Australia was facing …
On Tuesday, 16th of June 2020, Simba TVS Group donated six (6) units of black apache motorcycles to the Lagos State Government to assist the Government’s efforts to curb the crime rate and minimize the impact on communities and the pressures on local security forces. Derived from their Apache racing series of motorcycles, these machines have been adopted by police forces in several countries across the globe. These motorcycles offer effective utility and will no doubt enhance the capacity …