The business tycoon stated that the continent needs massive global capital infusion to develop critical infrastructure needed in the 21st century.

The federal government plans to utilise the organisation’s proceeds to settle FX backlog.

“Nigeria earns around $5 billion from gas production, a figure that is 40% less than in Egypt, which has around 30% of Nigeria’s reserves.”

The dismissal was sequel to a formal withdrawal by the plaintiff.

CEO Tasew emphasised that Nigeria Air was already established before Ethiopian Airlines was invited to go into the partnership.

“The MSMEs are now able to expand business operations for increased food production…”

The airline announced that flights to Jeddah are set to begin October 31.

MTN had been dissatisfied with the FIRS’ earlier assessment, and filed an appeal at the Tax Appeal Tribunal.

The senate, however, justified the SUV purchase for senators, citing durability.

The court expressed displeasure against Shell for disregarding the order of the lower court.

“Mr. Shasore SAN, has not, in my judgment, been shown to be corrupt. His actions are inconsistent with Nigeria’s theory that he was.”

He said the airport will be given approval to start commercial operations by the end of 2023.

“It is however anticipated that the commission will generate between $70 million to $100 million per annum from sales of flare gas in addition to tax revenues.”

He advocated a N20bn, N30bn capital base for life, non-life companies, N50bn for composite firms.

The naira, however, weakened to all-time low of N1,210/$ on parallel market, official FX now N793.34/$

Minister Alake said Tinubu is focusing on the mining sector so as to reposition Nigeria for prosperity.

NLNG CEO Mshelbila said that Nigeria’s decade of gas policy will support global energy security.

The loan will also aid in promoting financial cooperation between Africa and China.

The North-east recorded the highest average retail price at N638.33, while the South-South recorded the lowest at N618.47 per litre.

The fleet of small river-going tankers is expected to help boost the country’s OPEC quota.