The NUPRC said the development was another milestone in the smooth implementation of the PIA for the attraction of investment in the oil and gas sector.

It’s a reversal of a 2015 policy which forced importers of the commodities to source for FX at the black market at higher rates.

He called out government for underming and cheating the people of the Niger Delta out of opportunities.

Data shows that the country under-produced by as much as 400,000 bpd in September, despite the jump in output.

It signifies a concerted effort by Western nations to clamp down on Russia’s attempts to evade international sanctions.

The lamentations by oil and gas industry operators have refused to settle despite the enactment of the Petroleum Industry Act over two years ago.

He pointed out that if one quantifies the amount of damage done to Africa, “you can exchange it for Africa’s debts.”

The regulator’s CEO, Gbenga Komolafe, spoke to reporters on the sidelines of the African Oil Week in Cape Town, South Africa.

The jeweller highlighted the potential of Nigeria’s mineral table and expressed hopes of sourcing precious stones locally.

They said this is to boost revenue to continue to maintain the terminal.

Sonny Iroche argues that mergers and acquisitions within the banking system should be encouraged.

It revised Nigeria’s growth prospects downwards to 2.9%

“We welcome the admission into IATA membership and assure that it will propel us to exceeding customer expectations.”

The economist said the fact that petrol price is not going up is a form of subsidy.

It said it expects world oil demand to reach 116 million barrels a day by 2045, around 6 million bpd higher than expected in last year’s report.

He reiterated that the gas flaring occurring in Rivers State and neighboring states was a result of the avoidance of best practices.

“We encourage Nigerians to embrace the technology for, amongst other things, greater financial inclusion.”

The company had repeatedly expressed its frustration over its inability to operate at full capacity due to the feed gas supply shortages.

GM said while “very positive progress” had been made, the company was disappointed not to be able to reach an agreement.

“Investment is not propaganda, neither is it politics,” he said.