He insists the country will stop importing petrol before third quarter of next year and assures Nigerians of more oil discoveries in the north-east.

The Eurogroup is an informal body of eurozone finance ministers, but its chief carries weight in Brussels policy-making.

A separate decision by major oil-producing countries to keep cutting how much they produce has also fuelled the rise.

According to the Banker, Nigeria’s Bank of the Year award was among the continent’s most hotly contested this year, befitting the country’s status as Africa’s largest economy.

The decision comes two days after the Group of Seven (G7) nations agreed a price cap on Russian oil.

The legal dispute is currently delaying the oil giant’s efforts to sell some assets in Nigeria.

“We shouldn’t only look at the Naira and kobo the railway would have been able to make, but include all other losses by Nigerians.”

Australia, Britain, Canada, Japan, the US and the 27-nation EU agreed Friday to cap what they would pay for Russian oil at $60-per-barrel.

The deal was sealed in London under the NNPC Limited/Chevron Nigeria Limited Joint Venture .

The AfCFTA is an agreement that is expected to create the largest free trade area in the world.

Prosecutors from France’s national financial crime unit (PNF), which reached the deal with Airbus earlier this month, said the fine was “fair and appropriate”.

Thierry Breton, held a video call with Musk and told him “there is still huge work ahead

“Nigeria is Africa’s largest economy and I’m delighted to see our trade and investment links grow,” said UK Trade Secretary Kemi Badenoch.

OPEC and allies including Russia, a group known as OPEC+, will meet on December 4, to decide the next line of action.

They called for a quick intervention by the federal government to improve petrol supply.

Since May, the apex bank had lifted rates by 500 basis points to 16.5 per cent.

He says the apex bank is succeeding with various monetary policy measures.

Transport fares have soared by 200% in Lagos.

The airline recently received 6 Airbus aircraft to support its domestic and regional operations.

Tech entrepreneur Musk moved to cut around half of Twitter’s 7,500 workforce