“This is to enable them continue to play their expected roles in the economy and provide specialised retail banking services to their customers.”

He insisted that Nigeria is not transitioning away from fossil fuels.

“Everything that we are talking about now is going to ride on AIS automation and that process is ongoing currently,” said NAMA MD Odunowo.

“Afreximbank is working with the African Union Commission, to facilitate seamless flow of goods and payments in any currencies chosen by sellers and buyers in a transparent manner.”

It was adjudged the best commercial bank and best corporate governance bank in Nigeria.

It srgued that the CBN lacks the experience to float the currency, as MTN, Nestle, Dangote Cement, others suffer N486.82bn losses in H1.

He asked CEO Financial Reporting Council of Nigeria, Mr Jim Osayande Obazee, to block further leakages in the apex bank.

“We are quite delighted that Togo is joining our route network, making it eight regional routes in less than nine years since inception.”

“We will give you all the support you need to have a beneficial corporate responsibility. We have started our economic reforms, even though tortuous.”

Shell’s shares were down 1.9 percent and TotalEnergies’ slipped 0.4 percent, compared with a 1 per cent decline in the European index of oil and gas companies.

“Nigerians are still grappling with the effects of macroeconomic policy decisions such as the removal of subsidy and the unification of the foreign exchange rates.”

Shell’s shares were down 1.9 percent and TotalEnergies’ slipped 0.4 percent, compared with a 1 per cent decline in the European index of oil and gas companies.

Oniha said the removal of subsidy on petrol and the unification of the exchange rates of the naira have yielded immediate benefits despite creating some pains.

It resumed enforcement of LDR policy and explained FX volatility driven by pent-up demand, low supply.

It predicted 3% for 2024 and forecasts Africa’s growth to decline to 3.5%.

CBN’s decision is the first monetary policy decision made by the committee since the Bola Tinubu administration took office on May 29.

The investment bank said it expects the record demand in oil markets to drive crude prices higher in the near term by up to 2 million barrels per day.

DG of NOSDRA, Mr. Idris Musa, said the penalties were to serve as deterrent and recommended that the penalties should be increased.

The Commission said it encourages a pricing methodology that is the product of market forces in a free, competitive and undistorted market.

Anumah stated that the shift in food culture caused a rapid increase in obesity and diet-related chronic diseases.