The naira, however, weakened to all-time low of N1,210/$ on parallel market, official FX now N793.34/$

Minister Alake said Tinubu is focusing on the mining sector so as to reposition Nigeria for prosperity.

NLNG CEO Mshelbila said that Nigeria’s decade of gas policy will support global energy security.

The loan will also aid in promoting financial cooperation between Africa and China.

The North-east recorded the highest average retail price at N638.33, while the South-South recorded the lowest at N618.47 per litre.

The fleet of small river-going tankers is expected to help boost the country’s OPEC quota.

“Please be informed that the federal government is focused on deepening our gas market and ensuring decarbonisation of upstream operations.”

P&ID had agreed in 2010 to build a gas processing plant in Calabar but the company said the deal collapsed because Nigeria did not fulfill its end of the bargain.

He said food production, food security, and nutritional security were very important, as well as the need to create jobs for the country’s youth.

“Nigeria is very much keen to support Angola’s domestic and foreign aspirations and the country’s overall development, and we expect reciprocity in this regard,” said information minister Idris.

Since the announcement of the lifting of the forex restriction placed on 43 items on the official market, the nation’s currency has been under intense pressure.

This followed the voluntary resignation of former BOI Managing Director and Chief Executive Officer, Mr. Olukayode Pitan.

He said the Tinubu administration has ensured a level playing ground for investors following the removal of bottlenecks.

“It must be emphasised that CBN does not have a magic wand that can be waved at the current economic challenges,” said Cardoso.

He replaces Mr Garba Muhammad who recently exited the organisation after a company-wide reorganisation.

He listed areas where African nations need to ramp up capacity to include fabrication, installation, commissioning and operation.

The federal government raked in N709.59 billion from VAT in the first quarter of the year, according to the National Bureau of Statistics.

Minister Keyamo will also witness Uganda’s inaugural flight to Nigeria.

Adelabu emphasised the need for collaborations between the public and private sector.

Between January and August 2023, a total of 5,473,927 arrivals were recorded, reflecting an astounding 63.4% increase compared to the same period in the previous year.