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Nigeria to Partner with Google on AI and digital innovation

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President Bola Tinubu is currently in talks with Google to strengthen the country’s role in artificial intelligence (AI) and digital innovation.

Announcing the discussions on X after meeting Google and Alphabet CEO Sundar Pichai in Paris, Tinubu said the partnership would expand cloud infrastructure, upskill workers, foster AI research, boost cloud adoption, and position Nigeria as a global tech hub.

The President cited Nigeria’s AI progress, including work with Awarri Technologies and the National Centre for AI and Robotics (NCAIR) to develop AI tools and a Large Language Model (LLM) for Nigerian languages.

Tinubu said the talks with google aligns with his Renewed Hope Agenda, with the Communications Ministry and NITDA providing oversight and overseeing implementation.

Tinubu, who is currently in Paris on a private visit, will also attend the AU Summit in Addis Ababa before returning to Nigeria.

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Dangote Cement targets 20% emissions cut by 2030

“By 2027, all fleet trucks operating in Nigeria, except at the Gboko plant, will run on Compressed Natural Gas (CNG), with electric trucks scheduled for introduction in 2026.”

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Dangote Cement Plc has unveiled a sustainability roadmap aimed at reducing its carbon emissions by 20 percent and expanding its installed production capacity to 80 million tonnes per annum (MTPA) by 2030.

The plans were announced during the company’s 17th Annual General Meeting (AGM) in Lagos, where Chairman, Emmanuel Ikazoboh, presented the 2025 Sustainability Scorecard to shareholders and reaffirmed the company’s commitment to embedding environmental, social and governance (ESG) principles at the core of its operations in line with Dangote Industries Limited’s Vision 2030.

Ikazoboh said sustainability had evolved from a compliance obligation into a central business strategy designed to drive growth, resilience and long-term value creation.

As part of its decarbonisation agenda, the company disclosed that it approved plans in 2024 to reduce its net carbon dioxide (CO₂) emissions intensity by 20 percent while accelerating the transition to cleaner transportation.

He said, “By 2027, all fleet trucks operating in Nigeria, except at the Gboko plant, will run on Compressed Natural Gas (CNG), with electric trucks scheduled for introduction in 2026.”

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Dangote exports N757bn jet fuel to Europe in June

The report stated that flows of jet fuel from Nigeria to Europe rose from 232,000 metric tonnes in May to 466,000 metric tonnes in June, the highest volume exported from the country to Europe since Nigeria became a net exporter of jet fuel in 2024, when the Dangote Refinery commenced aviation fuel production.

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Latest data from the S&P Global Commodity Insights, indicates that Dangote Petroleum Refinery exported about 466,000 metric tonnes of jet fuel to Europe in June, valued at an estimated N757 billion.

According to the market report, the refinery’s exports came as the European jet fuel market turned increasingly bearish following a sharp decline in prices from the highs recorded during the Middle East conflict.

The report stated that flows of jet fuel from Nigeria to Europe rose from 232,000 metric tonnes in May to 466,000 metric tonnes in June, the highest volume exported from the country to Europe since Nigeria became a net exporter of jet fuel in 2024, when the Dangote Refinery commenced aviation fuel production.

The June export volume is equivalent to about 582.5 million litres of jet fuel. At an estimated domestic value of N1,300 per litre, the shipment is worth about N757.25 billion.

On the other hand, aviation fuel exports from the United States fell sharply in the past months.

The report showed that jet fuel exports from the United States to Europe declined steadily over the same period, falling from a record 818,000 metric tonnes in April to 560,000 metric tonnes in May and further to 399,000 metric tonnes in June, leaving Nigeria as a bigger supplier to Europe during the month.

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Naira Exchange Rates To Foreign Currencies Today, Monday, 6July 2026

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1, 400 Sell ₦1,410

GREAT BRITISH POUND (GBP) Buy ₦1,860 Sell: ₦1,885

EURO (EUR) Buy ₦1, 570 Sell ₦1,590

CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370

CHINESE YUAN Buy ₦180 Sell ₦200

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460

CENTRAL AFRICAN CFA Buy ₦2, 220 Sell 2,300

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN EXCHANGE RATES

US DOLLAR (USD) ₦1,370.19

GREAT BRITISH POUND (GBP) ₦1,829. 89

EURO (EUR) ₦1,568.32

SWISS FRANC (CHF) ₦1,1706.13

JAPANESE YEN (JPN) ₦8.50

CHINESE YUAN (CNY) ₦202. 06

WEST AFRICAN CFA (XOF) ₦2.38

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,859. 48

SAUDI RIYAL (SAR) ₦364.93

SOUTH AFRICAN RAND (ZAR) ₦84. 46

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