Business
We Are Here to Shape our Tomorrow Today – President Tinubu
President Bola Ahmed Tinubu has on Wednesday declared that his administration would leverage digital technology to create Nigeria’s desired socio-economic progress that is necessary to transform society.
Receiving in audience a delegation from Google (West Africa) led by its Director, Olumide Balogun, the President noted that his administration is determined to use education and technology to improve the lives of its citizens, affirming that education is central to uplifting Nigerians.

“We are here to shape our tomorrow, today, and I’m going to do it. Our youths represent over 65% of the yearning development age in Nigeria.
“We take education very seriously, and that is the foremost tool we have against poverty.

“The digital economy and telecommunications represent the future, and we are determined to promote it.
“Your partnership with us to make it a serious development in our economic programme is what is desirable. Our youths have the skills, they are brilliant, and they are good people,” President Tinubu further stated.
He called on Google to partner with the government on the use of data in the public sector to enhance service delivery.

“We have been evaluating different proposals on database development, and you have critical information that can equally help the poor leverage on the use of data.
“The authentication of transaction integrity across the country to service over 200 million people is not a joke,” the President posited.
Toward the realization of great progress in the sector, President Tinubu declared that he is bringing more young people into the administration to further drive his transformative efforts and called on Google to ‘come on board’ as a frontline partner in development.
The President stated that the prospective use cases emanating from the emergence of Artificial Intelligence (AI) and Quantum Computing must be harnessed, even as he emphasized that development is achieved in stages.
“Let me have breakfast before dinner,” the President quipped.
In his remarks, the Director of Google West Africa, Mr. Olumide Balogun informed President Tinubu that the delegation came to Nigeria to reassure the government that the company is committed to supporting its laudable efforts through the deployment of modern digital technology.
The Google Regional Director told the President that the deployment of data technology enhances the efficiency and productivity of businesses with a commitment that Google will give Nigeria a N1.2 billion grant as well as train 20,000 women and children with requisite skills to establish new digital tech job opportunities, which the economy urgently needs.
Business
Naira Exchange Rates Monday,17 August
BLACK MARKET RATES
US Dollar (USD) Buy ₦1,410 Sell ₦1,420
Great British Pound (GBP) Buy ₦1,890 Sell: ₦1,910
EURO (EUR) Buy ₦1,580 Sell ₦1,605
Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080
South African Rand (ZAR) Buy ₦75 Sell ₦90
Ghana Cedi (GHS) Buy ₦95 Sell ₦110
West African CFA Buy ₦2, 300 Sell ₦2, 400
Central African CFA Buy ₦2,150 Sell 2,250
CBN Exchange Rates
US Dollar (USD) ₦1,357. 61
Great British Pound (GBP) ₦1,840.10
EURO (EUR) ₦1,571.70
Swiss Franc (CHF) ₦1,673.58
Chinese Yuan (CNY) ₦201.37
West African CFA (XOF) ₦2. 39
West African Unit Account (WAUA) ₦1,853.65
Saudi Riyal (SAR) ₦361. 59
South African Rand (ZAR) ₦83.85
Business
Naira Exchange Rates Friday, August 14
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1,416 Sell ₦1,423
GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910
EURO (EUR) Buy ₦1,590 Sell ₦1,610
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN Exchange Rates
US DOLLAR (USD) ₦1,357. 65
GREAT BRITISH POUND (GBP) ₦1,834.04
EURO (EUR) ₦1,567.00
SWISS FRANC (CHF) ₦1,671. 98
JAPANESE YEN (JPN) ₦8.53
CHINESE YUAN (CNY) ₦201. 34
WEST AFRICAN CFA (XOF) ₦2. 39
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,858.02
SAUDI RIYAL (SAR) ₦361.62
SOUTH AFRICAN RAND (ZAR) ₦84.23
Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
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