CBN records strongest net reserve position in over 3-yrs - ITREALMS

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The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position which stood at $23.11 billion, as of the end of 2024, reports ITREALMS.

This, CBN also noted, reflected a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence.

Shell, Bayelsa State launch plan to protect Taylor Creek Forest Reserve - ITREALMS

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The Shell Petroleum Development Company of Nigeria Limited (SPDC Joint Venture) and the Bayelsa state government inaugurated the Gbaran Biodiversity Action Plan (Gbaran BAP), last week, in which more than 150 people from Taylor Creek Forest Reserve communities have been trained in alternative livelihood skills to reduce exploitation of resources at the forest. The trainees acquired skills in Aquaculture, Bee keeping, Goat rearing, snail and cassava/plantain farming and Grasscutter technology and were given packs to start their businesses.

“SPDC is well placed to contribute to the protection of Taylor Creek Forest reserve having successfully implemented similar programmes at Gele-Gele and Urhonigbe forest reserves in Edo State,” said SPDC Director and Head, Corporate Relations Igo Weli, in a speech delivered in Yenagoa by Corporate Relations Manager West, Amechi Ucheoma. “With the support of our joint venture partners – NNPC Limited, TotalEnergies and Nigeria Agip Oil Company – we have decided to embark on the latest biodiversity action plan to continue to support the government and people of Bayelsa State in order to maintain the balance of nature at Taylor Creek.”