They said this is to boost revenue to continue to maintain the terminal.

Sonny Iroche argues that mergers and acquisitions within the banking system should be encouraged.

It revised Nigeria’s growth prospects downwards to 2.9%

“We welcome the admission into IATA membership and assure that it will propel us to exceeding customer expectations.”

The economist said the fact that petrol price is not going up is a form of subsidy.

It said it expects world oil demand to reach 116 million barrels a day by 2045, around 6 million bpd higher than expected in last year’s report.

He reiterated that the gas flaring occurring in Rivers State and neighboring states was a result of the avoidance of best practices.

“We encourage Nigerians to embrace the technology for, amongst other things, greater financial inclusion.”

The company had repeatedly expressed its frustration over its inability to operate at full capacity due to the feed gas supply shortages.

GM said while “very positive progress” had been made, the company was disappointed not to be able to reach an agreement.

“Investment is not propaganda, neither is it politics,” he said.

In the spirit of transparency, the company listed all 17 awardees of the contract.

It raised concerns about different rules in force across the states and 46 separate taxes applying to operators in the market.

Neither Israel nor the Palestinian territories are major oil producers, but proximity to key oil-producing nations like Iran and Saudi Arabia has triggered anxieties.

Austin Avuru said Nigeria would need $25b investment in 10 years to increase crude oil output.

It said the Tinubu administration’s economic reforms need to regain momentum as there are signs of things going awry.

“The reason we are paying subsidy today is because our exchange rate has run away and if we continuously allow it to run, it will be a nightmare for everyone.”

He said indigenous operators are flouting Nigeria’s content law.

Nigeria has the largest economy in Africa, with a gross domestic product (GDP) of $477bn as at 2022.

He pointed out that the entities offer profits that are too good to be true, leading to devastating losses for many.