Business
TVET: Benin Chamber Seeks Policy To Promote Private Sector Participation
The Benin Chamber of Commerce, Industry, Mines and Agriculture (BENCCIMA) has called for the formation of a policy that would enhance private sector participation in Technical and Vocational Education and Training (TVET) in Edo State.
Mr Austin Atakpu, President, BENCCIMA, made the call at a meeting with representatives of the Edo State Board for Technical and Vocational Education and Training on Tuesday in Benin.
Atakpu said that the Organised Private Sector (OPS) was ready to support TVET when a policy that would allow them to make inputs was put in place.
READ ALSO: God Ordained Tinubu To Become President, Oba Of Benin Tells Nigerians
“TVET is a programme that covers skills acquisition; and in developing skills, you will require apprenticeship and internship.
“TVET can not run without the organised private sector. The OPS will house those programmes, give the necessary training and at the end of the day, ensure that the trainees stay through the programme.
“There must be a policy document to enhance such arrangement, and the OPS must have a buy-in.
“The government and the private sector must be willing to partner together, the OPS will only buy in if they contribute to the policy document,” he said.
READ ALSO: FG Slashes Wage By N100bn, Labour Kicks
On his part, Dr Terseer Nyulaku, Acting Executive Secretary, Edo Board for Technical and Vocational Education, said the meeting was to mobilise private sector participation and partnership in TVET.
He said, “we have come to mobilise private sector participation and partnership, and this is germane for any technical and vocational training to be useful.
“You need the private sector because they are the employers; they are the key social partner in the process.
“We have come to BENCCIMA to solicit for their partnership, especially as we plan to launch the Edo State Technical Talent Development Policy,” he said.
Business
Naira Records Massive Appreciation Against US Dollar Into Christmas Holidays
The Naira gained massively against the United States dollar in the last three days at the official foreign exchange as trading ended for the Christmas holidays.
Central Bank of Nigeria data showed that the Naira strengthened further on Wednesday to N1,443.37 per dollar, up from N1,449.99 on Tuesday.
This means that since Monday this week, the Naira has recorded a significant N13.18 gain against the dollar, according to the apex bank data.
READ ALSO:Naira Records Depreciation Against US Dollar Across Official, Black Markets
Similarly, at the black market, the Naira traded on Wednesday at N1,490 per dollar, an appreciation from the N1,500 exchanged on Monday but the same rate as on Tuesday.
The uptrend comes amid the rise in the country’s external reserves to $45.24 as of December 23rd, 2025.
DAILY POST reports that the Naira gained against the dollar at the official market on Monday and Tuesday.
Business
Report Any MRS Filling Stations Selling Fuel Above N739 Per Liter — Dangote Refinery To Nigerians
Dangote Refinery has urged Nigerians to report any MRS filling station outlets nationwide selling fuel above the N739 per liter announced price.
The company disclosed this in a statement on Sunday.
The refinery insisted that its petrol being at retail outlets remain N739 per liter while the gantry price is N699.
It further called on other filling station owners to patronize its refined petroleum products at the N699 rate.
“We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market.”
READ ALSO:Dangote Sugar Announces South New CEO
Recall that Aliko Dangote, the president of Dangote Refinery, had pegged the retail price of his petrol at a maximum of N740.
DAILY POST reports that MRS filling and other filling stations had reduced fuel prices to between N739 and N912 per liter in Abuja.
However, reports emerged that some MRS filling stations were selling above the N739 per liter announced price benchmark.
Business
Naira Records Significant Appreciation Against US Dollar
The Naira recorded significant appreciation against the United States dollar on Monday at the official foreign exchange market to begin the week ahead of Yuletide on a good note.
The Central Bank of Nigeria’s data showed that the Naira strengthened to N1,456.56 per dollar on Monday, up from N1,464.49 traded on Friday last week, 19th December 2025.
This means that the Naira gained N7.93 against the dollar when compared with the N1,464.49 was exchanged as of Friday, December 19, 2025. DAILY POST reports that Monday’s gain at the official FX market is the first since December 15th.
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Meanwhile, at the black market, the Naira remained stable at N1500 per dollar on Monday, according to multiple Bureau De Change operators in Wuse Zone 4, Abuja.
The development comes as the country’s external reserves stood at $44.66 billion as of last week Friday.
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