“I think it’s a major milestone. This is something we’ve been expecting for quite some time.”

The charge was placed by the CBN in 2019 to encourage cashless transactions in the country.

The management said that there is nothing wrong with using leased aircraft.

50 buses will be spread across Lagos, while the remaining 50 buses will be shared across Cross River, Kaduna, Edo states and Abuja.

Analysts attributed the weakening of the exchange rate to the activities of currency hoarders.

“This license is a testament to our unwavering commitment, strategic foresight, and resilience over the past decade,” said Herbert Wigwe.

“We need realistic approaches to tackle emission, ones that enable economic growth, help eradicate poverty and increase resilience at the same time.”

The move is expected to result in a reduction in the cost of cooking gas in the country

It said it would start with the production of diesel, aviation fuel, and Liquefied Petroleum Gas before subsequently progressing to petrol.

But unions say the reforms have led to soaring costs, further eroding savings and incomes.

This follows the country’s victory in an $11 billion judgment debt which was heard in October.

“The situation we have in Niger Delta in terms of security is a calamity. We don’t have that anywhere in the world. To engage non-state actors as last resort is abnormal.”

Chike-Obi restated the commitment of the banking sector to partner with the federal government towards achieving economic growth.

Recent revelations from IATA ranked Lagos and Abuja airports as the two most expensive in the world, said Taiwo Oyedele.

This follows the recent exit of Proctor & Gamble, GlaxoSmithKline Consumer Nigeria Plc and Sanofi-Avantis Nigeria Limited from the market.

Dangote has said the 650,000 bpd refinery’s priority is to supply petrol to Nigeria before exporting elsewhere.

The document clearly outlines the bank’s mandates, vision, mission, and core values as well as lists services offered by the CBN.

Both parties agreed to work together to chart a roadmap for the project development that will lead to an investment decision.

The agreement marks a pivotal moment in the diplomatic relations between Nigeria and Kuwait, said the Ministry of Aviation.

“These projects play a pivotal role in closing Africa’s infrastructure deficit and creating new opportunities for economic growth and prosperity…”