The transaction is however subject to the approval of the United Kingdom’s Prudential Regulatory Authority.

The government stated that over $20 billion will be needed yearly in the next 10 years.

The move marks a shift away from aggressive fiscal spending under the previous left-leaning government in recent years.

In February, the Wall Street bank said US regulators and prosecutors were probing various aspects of its block trading business.

It would support investments that contribute to mitigation measures to climate change and promoting low-emission transition in Nigeria.

NGE and SERAP said the regulation of broadcasting must aspire to promote and expand the scope of the right to freedom of expression, not restrict it.

He insisted that until the ownership of the national oil firm is diluted and the NNPCL has its shares traded on the floor of the Nigerian Stock Exchange, it will continue to be mismanaged.

ECB board member Isabel Schnabel warned that central banks must act forcefully to combat inflation, even if that dragged economies into recession.

“The biggest challenge to Brazil-Nigeria trade relations is the lack of logistics. There is no air cargo, and there are very few shipping lines.”

They had recently introduced tickets starting from N1.2m for economy class, which used to be sold for N400,000 earlier this year.

 India’s digital lending market has grown quickly and facilitated $2.2 billion in digital loans in 2021-22.

Beijing has asked some U.S.-listed Chinese companies and their audit firms to prepare for American inspections in Hong Kong, three sources familiar with the matter told Reuters, as part of

This follows the announcement by Emirates that it will cease operations to Nigeria from September 1 over $85m trapped funds.

Isreali and Japanese tech companies have signed an MoU with NASENI PAN to assemble them in the country.

“The imperative is on Nigeria to declare some sort of emergency for the oil and gas industry,” the CEO said.

The directive is on the heels of the NBC’s threat to revoke the  broadcast licences of  52 stations.

The report also estimated that average increase in land prices in selected areas of Lagos State in the first half of 2022 was 64.63%.

The Japanese entertainment conglomerate said there would be no price increase in the United States.

EXCERPT: Oil majors Shell and BP rose more than 1% each, as crude prices were supported by the prospect of tighter supplies.