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President Buhari appoints new DTCA, NIIA chiefs

President Muhammadu Buhari has appointed Ambassador Rabiu Dagari as Director-General of the Directorate of Technical Cooperation in Africa (DTCA). The Permanent Secretary, Ministry of Foreign Affairs, Ambassador Gabriel Aduda, in a letter dated April 8, 2021, addressed to Dagari, said the appointment was for an initial period of four years with effect from March 16, 2021. Letter read: “The terms and condition of your appointment is as provided in the appointment of Chief Executives of Government Parastatals and Agencies in the Federal Public Services. “It Is hoped that your performance at the Interview/screening exercise as well as your experiences as a seasoned Diplomat/Administrator will be brought to bear in the discharge of your duties as the Director-General of the Directorate,” Aduda...

Gold rises on renewed US stimulus hope, dollar falls

Spot gold rose 0.3 percent to $1,910.56 an ounce at 3:37pm, New York time, after falling as much as 0.5 percent. Gold rose on renewed optimism for a preelection aid package in the U.S., while the dollar fell to a one-week low. House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline. Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing ...