Alake told his counterpart that Nigeria has vast deposits of precious minerals, including lithium, gold, coal, lead, zinc, baryte and iron ore.

Describing the deal as ‘purported’, the NEPL stated that once it was made aware of the agreement between Agip and Oando, it would then know the next steps to take.

He said Nigeria is the only OPEC member with no national line that bears its country’s flag.

EXCERPT: The product, vessel and the wooden boat were set ablaze in the middle of the sea very far from any human settlement.

“The problem hasn’t been the deficit of ideas but the lack of action on the part of almost all stakeholders.”

The marketing director of GTA said that the event is a revenue-generation point for Ghana’s economy.

Tinubu hailed Indian investors for the feat and told them not to procrastinate as Nigeria offers best return on investment.

The rsing price could pose a dilemma for Nigeria who recently removed subsidy on petrol.

The bank is set to clampdown on firms involved in illegal FX deals.

VP Shettima said the removal has already increased the amount of monthly revenues distributed among the federal, states and local governments to meet their financial obligations.


Akeem Fashola said Nigeria needs more hospitality institutes, while Chukwuemeka Jibunoh harped on the need to protect Nigerian artists.

He also encouraged industry players to invest in educational and medical tourism.

“Our business is predominantly driven by Forex and the rate of exchange impacts what we sell to customers.”

In a yearly basis, the country’s revenue from the sector was N193.59bn in 2021, showing an increase of N60.32bn or 51.89% growth, when compared to the 2020 revenue flows of N116.82bn.


The agreement provided for a complex that includes a conference centre, a hotel, an exhibition centre, an innovation hub and retail facilities.

Oando’s Wale Tinubu said the agreement underscored the role indigenous actors will play in the future of the Nigerian upstream sector.

“The position of this current minister is that we’re going to get this thing solved once and for all and then we’re going to stop talking about it.”

“The directive is imperative to get the needed attention of government and warn it off its new found love of meddling in the internal affairs of unions.”

The report showed that foreign exchange inflow through the CBN increased to $7.17bn, compared to $6.21bn in the preceding quarter.

Solid minerals minister Dele Alake did not give a timeframe for when the new company would be set up.