Latest news summary in Nigeria
Nigeria and Niger have signed a security agreement to strengthen cooperation amid regional tensions. The two countries have been at odds since a military coup in Niger in February, with Nigeria refusing to recognize the new authorities. However, both countries are now committed to enhancing border security and preventing terrorism in the region.
BUA Cement Plc has reported strong revenue growth of 27.4% to N460bn. The company has also appointed new directors to further enhance its operations and profitability. The increase in revenue is attributed to increased sales in both the domestic and export markets, as well as favorable pricing.
The Securities and Exchange Commission (SEC) has approved Quidax and Busha as legally recognized cryptocurrency exchanges in Nigeria. This move is expected to boost the digital currency ecosystem in the country and provide more options for cryptocurrency traders.
The Managing Director of the Lagos State Signage and Advertisement Agency (LASAA) has unveiled plans to transform the out-of-home advertising industry. The agency aims to create a more conducive business environment for practitioners and improve the regulation of the sector.
Heavy rains and flooding in Nigeria have resulted in the deaths of over 170 people and displaced more than 200,000 individuals. The government and humanitarian organizations are working to provide relief and support to those affected by the natural disaster.
The All Progressives Congress (APC) and the Edo State government have traded allegations over an alleged plot to rig the upcoming gubernatorial election in the state. The APC claims that the state government is planning to manipulate the electoral process, while the government denies the allegations and accuses the APC of raising false alarms.
A Navy seaman has been arrested by the police over the alleged killing of the son of a former Chief of Naval Staff. The suspect is being detained for further investigation into the incident.
More than 170 people have been killed in Nigeria due to heavy rains and flooding. The government and relief agencies are working to provide support to affected communities.
The Nigerian Meteorological Agency (NiMet) has predicted three days of thunderstorms and rains starting from Friday. The agency advises residents to take precautionary measures to prevent accidents and damage caused by the weather conditions.
The development of the Abuja Industrial Park is expected to generate 40,000 jobs and boost the economy of Nigeria. The park will provide a conducive environment for businesses and attract local and foreign investments.
The Nigerian Gas Association has commended Axxela and the Nigerian National Petroleum Corporation for their achievement in expanding the country's piped natural gas infrastructure. The association believes that this milestone will enhance the availability and accessibility of natural gas for domestic and industrial use.
Source of content: OOO News 2024-08-29 News
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