CBN governor Yemi Cardoso says lifting petroleum products from the Dangote Refinery will moderate foreign exchange demand pressures.
The company also announced an increase in net revenue of N460 billion during the period, up from N361 billion in 2022.
The SGF said the committee’s primary goal is to ensure that local government councils are granted full autonomy.
The Central Bank of Nigeria says it recorded a significant increase in remittance inflows of $553 million in July.
The DMO said that no cash deposits would be accepted under the transition, except where such cash deposits had been made into the domiciliary accounts for not less than 30 days prior to the date of
“In macroeconomic reforms, the pains come first before the benefits,” the minister said.
Ms Mahmoud said the fertiliser served as a strategic response to the global challenge of food shortages.
“That will go a long way in addressing the hunger issue that teeming youths are protesting against,” he said.
CBN has offered $876 million to the foreign exchange markets to fulfil bids submitted by customers at an auction concluded on Wednesday.
