Business

Warri Kingdom, T’suut’ina Nation Calgary Canada Enter Trade, Investment Pact

Published

3 years ago

June 4, 2022

The Olu of Warri Kingdom, His Royal Majesty, Ogiame Atuwatse III, Tsuut’ina Nation Calgary Canada has entered into a bilateral investment understanding to partner in the area of renewable energy, agriculture, trade and cultural exchange.

This memorandum of understanding was reached Thursday on the second day visit of the Monarch to Canada during a round table discussion with business leaders and investors where they expressed commitment to explore to partner for mutual interest.

A statement released by his Media Relations, Ifetayo Adeniyi Moses, said, the monarch who was accompanied on the investment drive trip by his wife, Olori Atuwatse lll, high palace chiefs and other delegations also highlighted the rich potential of Warri Kingdom.

The statement added that Otuase III harped on the need by all stakeholders to close ranks to address environmental degradation and the impact of climate change.

According to the statement, the respected monarch also embarked on a guided tour of T’suut’ ina nation in company of Andrew JR Onespot Xakiji Sidodi, stating that they both share cultural similarities with Itsekiri nation.

Ifedayo noted that an elated Ogiame who gladly accepted the partnership said it’s historic between T’suut’ina Nation and Warri kingdom because it has never happened in any nation among Africa continent.

The statement reads: “After the tour of T’suut’ina Nation, in conclusion, Representatives of chiefs Andrew JR Onespot Xakiji Sidodi called on Executive Program Coordinator OZ consult, Ms Abi Goodman where the decision of the partnership was communicated to her.

“T’suut’ina Nation has agreed to partner Warri kingdom to First Nation of Canada so that the kingdom will benefit from trade , investment, exchange of cultural activities and educational assistance to the good people of Warri Kingdom.

“The decision was well applauded by Ogiame and the delegation. It was also made known that a later date will be communicated to perfect agreement”

Business

NNPCL Increases Fuel Price

Published

6 hours ago

August 5, 2025

Editor

The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of premium motor spirit across its retail outlets.

It was gathered that NNPCL retail outlets in Abuja have adjusted their fuel pump price to N955 per litre from N890.

This is the case in NNPCL retail outlets along Kubwa Expressway, Wuse and other parts of Abuja.

Similarly, the pump price hike has been implemented at filling stations in Kogi and Nasarawa.

This means that the petrol pump price was increased by N65.

This comes after independent petroleum product marketers and filling station owners in Abuja increased petrol pump prices to between N950 and N971 per litre at the weekend. Their decision followed an upward review of the ex-depot petrol price by Dangote Refinery to N858 per litre, up from N820.

Business

Naira Appreciates Against Dollar As External Reserves Swell

Published

7 hours ago

August 5, 2025

Editor

The naira appreciated against the dollar at the official foreign exchange market on Monday to begin the week on a bullish note amid swelling external reserves.

According to the Central Bank of Nigeria’s exchange data, the naira appreciated to N1,531.95 against the dollar on Monday from N1,533.74 traded last week Friday.

This showed that the Naira strengthened by N1.79 when compared to the N1,533.74 exchanged at the close of work last week.

Meanwhile, at the black market, the naira remained stable at N1560 per litre, the same exchange rate traded on Friday.

The development comes as Nigeria’s external reserves had maintained a modest rise to $39.54 billion as of August 1st, 2025, up from $39.36 billion on July 30th.

Business

Naira Continues To Appreciate Against Dollar On Official Market

Published

4 days ago

August 1, 2025

Editor

The naira continued its appreciation against the dollar at the foreign exchange market on Tuesday.

Accordingly, the naira strengthened further to N1,533.18 against the dollar on Tuesday, from N1,534.21 traded the previous day.

This represents a gain of N1.03 against the dollar on a day-to-day basis and marks the second consecutive day of appreciation at the official FX market.

Meanwhile, on the black market, the naira depreciated further to N1,545 per dollar on Tuesday from N1,537 traded on Monday.

Recall that the naira had similarly closed Monday’s trading session with mixed sentiments, recording gains at the official market but depreciating at the parallel market.