Senegal, Nigeria Extol Dangote over Industrialist's Massive Investments Propelling Africa's Devt. Billionaire urges African investors to increase stake in continent Describes award by Senegalese President as clarion call to spearhead Africa’s rapid industrialisation Peter Uzoho President of the Republic of
Senegal, Macky Sall and the federal government of Nigeria have eulogised Africa's richest
man, billionaire industrialist and President of Dangote Group, Alhaji Aliko Dangote for investing heavily
in the continent and ultimately helping to catalyse growth and development in the two countries
and the continent at large. This was just as Dangote has urged his fellow African investors
to scale up their investments in the Continued on page 5
Saturday, February 3, 2024 Vol 29. No 10524
www.thisdaylive.com TR
UT H
& RE A S O
N400
N
Super Eagles Soar into AFCON Semifinal, Defeat Angola 1-0 Kunle Adewale in Lagos and Olawale Ajimotokan in Abuja The Super Eagles of Nigeria at the Felix Houphouet-Boigny Stadium, Abidjan, Cote d’Ivoire, yesterday, defeated the Palancas Negras of Angola 1-0, in Super Eagles celebrating the goal against Angola yesterday
Continued on page 5
In Move to Further Stabilise Market, CBN Reviews Banks’ CRR Framework Naira now N1,435 on official FX window, N1,430/$ on parallel market Analysts lament upward review of import duty, say it’s double jeopardy for real sector operators
James Emejo in Abuja, Nume Ekeghe and Dike Onwuamaeze in Lagos As part of efforts to stabilise the financial market, the Central Bank of Nigeria (CBN) yesterday announced a cessation of daily Cash Reserve Requirement (CRR) debits for Deposit Money Banks (DMBs). This was just as the naira exchange rate against the United States dollar appreciated slightly yesterday, on the
official Nigerian Autonomous Foreign Exchange (NAFEX) window as it closed at N1,435/$1, while on the parallel market it closed at N1,430/$1. The official FX window gained N26.37 to close yesterday at N1,435.53 compared to the N1,461.90 recorded on Thursday. However, the exchange rate depreciated on the parallel market yesterday, after gaining the previous Continued on page 5
COMMANDER OF NATIONAL ORDER OF THE LION… President/Chief Executive, Dangote Industries Limited, Aliko Dangote (left) and President of Senegal, Macky Sall during the conferment of the award of Commander of National Order of the Lion on Aliko Dangote in Senegal...yesterday
NUPRC: Ongoing IOCs' Assets Divestment to Local Firms Not Yet Complete, Undergoing Due Diligence...
Page 8