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  • 1 week ago | bloomberg.com | Emele Onu

    Employees prepare a drone distributing medical commodities for flight at the Zipline distribution center in Bayelsa State, Nigeria. (Bloomberg) -- A US medical drone company is talking with Nigeria to expand its service in Africa’s most populous nation, as gaps left by a freeze in US aid opens up opportunities for the private sector.

  • 1 week ago | news.bloomberglaw.com | Emele Onu

    A US medical drone company is talking with Nigeria to expand its service in Africa’s most populous nation, as gaps left by a freeze in US aid opens up opportunities for the private sector. An expansion of Zipline International Inc’s infrastructure is under discussion “to ensure accessibility and prompt delivery of essential medical goods such as blood, vaccines and medicines,” said Eniitan Tejuoso, an adviser to President Bola Tinubu on upgrading Nigeria’s health-care system.

  • 1 week ago | news.bloombergtax.com | Emele Onu

    XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

  • 2 weeks ago | bloomberg.com | Emele Onu |Anthony Osae-Brown

    Traffic by Idumota market in Lagos, Nigeria. (Bloomberg) -- Nigeria expects to exit a global dirty-money watchlist this year after passing a new investment law that will allow regulation of cryptocurrencies, the chief of its financial regulator said. “I am 100% hopeful” the nation will exit the Financial Action Task Force’s so-called gray list this year, Securities and Exchange Commission Director-General Emomotimi Agama said.

  • 2 weeks ago | bloomberg.com | Emele Onu

    Nigeria’s central bank sold dollars to lenders to stem an erosion of the naira exchange rate, after a selloff induced by US tariff turbulence. The Abuja-based Central Bank of Nigeria sold $197.71 million to authorized dealers on April 4 to ensure “adequate liquidity,” noting depreciation pressure from President Donald Trump’s announcement of new import tariffs last week, it said in a circular to lenders.

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Emele Onu
Emele Onu @Emeleonu
10 Apr 25

We got an assurance from the Nigerian SEC on the nation exiting the global grey list... https://t.co/5EyaoXu3ps

Emele Onu
Emele Onu @Emeleonu
6 Apr 25

As Trump's tariff devastates Naira, nation's central bank gets the buffers handy. https://t.co/oWx4BraLQ2

Emele Onu
Emele Onu @Emeleonu
3 Apr 25

https://t.co/Lcomii96NE