He said a data-driven system is a precondition for the realization of the fiscal projections of the government.

“…We want to concentrate on our area of core competence of business. To achieve that we have to divest appropriately.”

The rate was 5.94% points higher compared to the rate recorded in September 2022, which was 20.77%

Oramah said the agreement is a crucial step in transforming trade and supporting African economies.

“Only up to 25 per cent of trade is supported by trade finance in these regions, compared to 60-80 per cent in advanced economies.”

It vowed that the Tinubu administration will not breach Ways and Means limits.

Last year, NNPC did not remit monies into government coffers despite surging oil prices, as oil-for-fuel swaps consumed all the crude it had to sell.

It said Tinubu’s reforms need time to yield desired results.

Hundreds in the Peremabiri community have been thrown into crisis as farmlands, marine environment ruined.

The airline’s growing network includes twenty domestic routes, 8 regional and 5 international destinations.

“In the years preceding the enactment of the PIA, investments in the Nigerian oil and gas industry declined mostly due to regulatory uncertainty,” said Komolafe.

The NUPRC said the development was another milestone in the smooth implementation of the PIA for the attraction of investment in the oil and gas sector.

It’s a reversal of a 2015 policy which forced importers of the commodities to source for FX at the black market at higher rates.

He called out government for underming and cheating the people of the Niger Delta out of opportunities.

Data shows that the country under-produced by as much as 400,000 bpd in September, despite the jump in output.

It signifies a concerted effort by Western nations to clamp down on Russia’s attempts to evade international sanctions.

The lamentations by oil and gas industry operators have refused to settle despite the enactment of the Petroleum Industry Act over two years ago.

He pointed out that if one quantifies the amount of damage done to Africa, “you can exchange it for Africa’s debts.”

The regulator’s CEO, Gbenga Komolafe, spoke to reporters on the sidelines of the African Oil Week in Cape Town, South Africa.

The jeweller highlighted the potential of Nigeria’s mineral table and expressed hopes of sourcing precious stones locally.