Nigeria’s Cashless Policy Subject To Periodic Review, Says CBN Governor Emefiele
He said one trillion naira old notes now in CBN and other banks’ vaults.
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.
“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.
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