Adewole highlighted concerns over the volatility of the Naira, emphasizing that crude oil transactions are traditionally carried out in U.S. dollars due to its stability and global acceptability.
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Recently, the National Bureau of Statistics announced the rise of inflation to 27.33 percent in October.
The governor’s meeting with the expanded group of industrialists was an opportunity for the Edo State Government to build strong ties with the leading companies in Asia operating from Singapore and attract them to invest in the state’s manufacturing, agribusiness, digital services, food processing and urban development sectors.