“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…”

They called for a review of policies to shore up investments and competitiveness.

He said only insignificant PMS output can be produced from much-awaited facility.

‘We are not only using this opportunity to invite the global business events industry to come to South Africa, but we are also inviting them to come and experience our rich cultural heritage.”

Exports also increased by 74.36 per cent, compared to N5.93 trillion in Q3 2022.

“In Africa today, 75 per cent of our population doesn’t have access to electricity, leaving us with biomass as a key energy source.”

Despite recent profitability, the Swedish music-streaming giant’s CEO emphasised the need for drastic action to enhance the company’s financial outlook.