Tinubu Holds Crucial Talks with UAE Authorities During Stopover

September 10, 2023

President Bola Tinubu left New Delhi, India early Sunday morning for Abu Dhabi to meet with the President of United Arab Emirates and other senior government officials to build upon recent discussions between the two nations and address key bilateral issues.

UAE authorities banned Nigerians from visiting their country last year in October following many reported cases of violent crimes said to involve Nigerians. The visa restriction is also not unconnected with the trapped cash of Emirates Airline which is put at over $ 300 million according to aviation industry sources.

Join our WhatsApp Channel

The Central Bank of Nigeria (CBN) has not been able to meet the demands of many foreign Airlines to repatriate funds due to the foreign exchange crisis Nigeria has been facing in the last couple of years.

The discussions are seen as a crucial follow-up to a recent visit by the UAE Ambassador to Nigeria, where fruitful conversations took place at the State House in Abuja.

The President’s visit to Abu Dhabi will provide an opportunity to delve deeper into these issues and strengthen diplomatic ties between Nigeria and the UAE.

READ ALSO: 10 Stockbrokers Flourish Amid Record Market Performance As of August

President Tinubu is expected to focus on resolving lingering bilateral matters while utilizing the stopover to further his investment promotion objectives with influential figures from both the public and private sectors in the UAE.

This move follows his successful participation in the G-20 Summit and a productive investment drive in the region.

Chief Ajuri Ngelale, Special Adviser to the President for Media and Publicity, emphasized that the President’s visit to the UAE underscores Nigeria’s commitment to fostering strong international relationships and advancing its economic interests.

“The President is to address lingering bilateral issues while maximizing the opportunity of the stopover to equally advance his investment promotion objectives with high-level authorities in the public and private sectors of the United Arab Emirates.”

After the bilateral discussions in Abu Dhabi, President Tinubu is scheduled to return to Abuja promptly, with high expectations of further cooperation between the two nations on various fronts.

 

 

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Update: Morocco Football Federation Offers Gate-takings To Victims Of Earthquake
Previous Story

AfconQ: CAF Set To Announce New Date For Morocco Versus Libya 

Nsukka Traders Lament As Taskforce Seize, Vandalize Goods
Next Story

Nsukka Traders Lament As Enugu Taskforce Seize, Vandalize Goods

Featured Stories

Latest from Business

Black Market, Official Window Dollar Rates' Gap Widens To N127 After BDCs Hike USD Price

Dollar Rate Increases To N1,366/$ In Official Market

On Thursday, February 5, N1,366.05 per dollar was the official rate for the United States (US) currency in the Nigerian foreign exchange market (NFEM), rising above the N1,358.28 kobo per $1 reported on Wednesday, February 4. This represents a N7.72 kobo increase

Nigerian Stock Market Cap Hits N109.12trn — up by N1.26trn

The Nigerian Exchange (NGX) said the bourse’s market capitalisation increased from N107.86 trillion, recorded on Wednesday, February 4, to N109.12 trillion on Thursday, February 5, representing an increase of N1.26 trillion. NGX said the all-share index (ASI) expanded by 1,975.18 basis points
John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

NGX Market Cap Rises By N1.36trn, Traders Exchange N20.56bn Shares

The market capitalisation of the Nigerian Exchange (NGX) increased by N1.36 trillion to N107.86 trillion on Wednesday, February 4, up from the N106.49 trillion reported on Tuesday, February 3. Also, the all-share index (ASI) appreciated to 168,030.18 ASI, from 165,901.57 ASI, representing a
Update: Morocco Football Federation Offers Gate-takings To Victims Of Earthquake
Previous Story

AfconQ: CAF Set To Announce New Date For Morocco Versus Libya 

Nsukka Traders Lament As Taskforce Seize, Vandalize Goods
Next Story

Nsukka Traders Lament As Enugu Taskforce Seize, Vandalize Goods

Don't Miss

See What Atiku Says About Late PDP Ex-Chairman Vincent Ogbulafor

Breaking: Vincent Ogbulafor, Former Chairman Who Wanted 60-year Rule For PDP, Dies In Canada

Chief Vincent Ogbulafor, an Umuahia prince and famous former National
KPMG Makes Naira Projection After Foreign Capital Importation Drops To $1.06 billion

Fitch Says Naira Scarcity Will Affect Dollar Demand, Exchange Rate

Global credit ratings agency, Fitch Ratings, has warned that Nigeria’s