Deputy gas minister Ekpo said serious meetings were ongoing concerning the current practice of selling gas in dollars.

The oil sector accounted for 4.7%, agriculture 26.11% and manufacturing 8.23%

He will be replaced by Katie Ringgold, who is currently vice president of 737 delivery operations.

“Of particular note are rice and wheat import bills which decreased by 98 per cent and 95 per cent in the period respectively.”

It said  less than 20% of FX requirement was available in the banks.

He was until his appointment, the bank’s Board Secretary and Legal Adviser.

“We strongly believe that the key success factor for our mandate is transparency and accountability.”

“It is really about ensuring the industry’s sustainability through investment in our young people.”

“If you are buying crude oil from the government and you pay in dollars, how much are you going to sell?“

It said the country’s growth could fall to zero in 2024 and only slowly recover to 2% in 2028.

It’s a slide of N335 in just one week, compared to the N1,495 to a dollar it closed on February 13.

The Tingo Group founder was charged by SEC with securities fraud, conspiracy, and making false filings.

United Nigeria’s COO Okonkwo said when these charges are put together, they increase the cost of flight tickets.

The official window recorded a daily turnover of $66.43 million on Monday.

“The oil industry is now in an era where we would say that, there is certainty and attraction of investors’ confidence.”

It however projected the continent’s economy to grow higher than the 3.2% recorded in 2023.

“I am confident that we will get out of this and the foreign exchange market will begin to moderate itself.”

Notification of an upward price review has been issued by bottling companies.

The report also showed Lagos remained the top investment destination with 65.38% of total capital importation.

The parallel market reacted to the CBN’s directives on FX with regards to PTA, BTA, and currency cash pooling.