Microsoft will acquire a holding worth £1.5 billion ($1.8 billion) at current prices

He reiterated that the apex bank will continue FX sales to banks.

He says Nigeria and other African nations are ready to activate carbon plans.

He admitted there’s a shortage of foreign exchange to meet genuine import needs of Nigerians.

It held that Milan Industries Ltd had fully paid the bank the N2 billion mortgage facility it secured from Polaris Bank.

The state government has sent a repeal of the Lagos State Electricity Law of 2018 to the State House of Assembly.

It signaled a broader strategy at the agency to bring cases against deals that may pose competitive threats in the future.

He said one trillion naira old notes now in CBN and other banks’ vaults.

Nigerians will be shocked to know those behind oil theft when exposed, it said.

They say the move will boost monetary policy effectiveness and tax compliance, and may strengthen naira.

With US tech stocks sliding as interest rates and recession fears rise, Musk’s fortune briefly fell below that of the Arnault family.

An official said the NNPC and its partners were making significant efforts with corresponding outcomes in the upstream oil sector.

Individuals have been restricted to N100,000 weekly while for corporates its N500,000; ATM withdrawals pegged at N100,000 weekly.

“Nigeria has ratified all international air law instruments like the Montreal Protocol and amendments to some articles of the Chicago Convention.”

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.