Nigeria and Colombia Sign MoU to Strengthen Bilateral Ties!

Nigeria and Colombia Sign MoU to Strengthen Bilateral Ties

Nigeria and Colombia have signed a Memorandum of Understanding (MoU) to enhance political and economic relations. The agreement, signed at the Presidential Villa in Abuja, aims to facilitate regular political dialogue and simplify visa processes for diplomats. Vice President Kashim Shettima emphasized the need for both nations to translate their vast potential into tangible economic gains, urging private sector collaboration in areas such as trade, agriculture, culture, and investment. [1]

President Tinubu Commits to Implementing Bilateral Agreements with Colombia

President Bola Ahmed Tinubu has reaffirmed Nigeria’s commitment to implementing bilateral agreements with Colombia, emphasizing the importance of international partnerships for national development. He highlighted the need for both countries to work together in areas such as agriculture, energy, and manufacturing to achieve mutual prosperity. [2]

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International & Economic News

TotalEnergies Expands Offshore Operations in NigeriaTotalEnergies has secured two offshore exploration permits off the coast of Nigeria, marking a significant expansion of its oil and gas portfolio in African waters. The production-sharing contract covers petroleum prospecting licences 2000 and 2001, encompassing about 2,000 square kilometers in the Niger Delta Basin. TotalEnergies holds an 80% stake, with South Atlantic Petroleum (Sapetro) owning the remaining 20%. The agreement includes provisions for production bonuses, profit-sharing, and environmental safeguards. [3]

Surge in Diaspora Remittances Attributed to CBN Reforms

The Nigerians in Diaspora Commission (NIDCOM) reports a surge in monthly diaspora remittances, attributing the increase to recent Central Bank of Nigeria (CBN) reforms. Remittance inflows have tripled to $600 million monthly over the past two months, according to statistics from the CBN. NIDCOM Chairman Abike Dabiri-Erewa credited policies such as the introduction of the Non-Resident BVN and a competitive exchange rate for encouraging more formal channels of remitting funds. [4]

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Fact-Check & Clarifications

Clarification on Circulating Video of Patience JonathanA video clip circulating online, purportedly showing former First Lady Patience Jonathan advising her husband against returning to Aso Rock, has been clarified as not recent. The video is from a past event and is being misrepresented in current contexts. [5]

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Weather Forecast

Here is the 7-day weather forecast for Lagos, Nigeria:

Weather for Lagos, Nigeria:
Current Conditions: Mostly cloudy, 86°F (30°C)

Daily Forecast:

• Tuesday, September 2: Low: 75°F (24°C), High: 84°F (29°C), Description: Intervals of clouds and sunshine
• Wednesday, September 3: Low: 76°F (24°C), High: 84°F (29°C), Description: A thunderstorm around in the morning; otherwise, cloudy
• Thursday, September 4: Low: 75°F (24°C), High: 85°F (29°C), Description: Mostly cloudy
• Friday, September 5: Low: 75°F (24°C), High: 85°F (29°C), Description: Cloudy with a thunderstorm in spots in the afternoon
• Saturday, September 6: Low: 75°F (24°C), High: 82°F (28°C), Description: A thunderstorm in spots in the morning; otherwise, cloudy
• Sunday, September 7: Low: 76°F (24°C), High: 89°F (31°C), Description: A thunderstorm in spots in the morning; otherwise, mostly cloudy
• Monday, September 8: Low: 75°F (24°C), High: 88°F (31°C), Description: Mostly cloudy with a little rain

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