The most recent development suggests that Nigeria’s inflation rate has reached its highest point since September 2005, when it was 24.32 per cent.
The UK government formally lifted a ban on fracking for shale gas in England and has confirmed support for a new oil and gas licensing round.
The latest inflation data represents a 0.88 per cent increase from the 19.64 per cent recorded in July 2022.
Mr Marafa said the suspect, aged 36, was arrested by NSCDC operatives in Akwa Ibom on August 19.
In March, the Sultanate of Oman announced that the country had slated the revenue from soaring oil prices to reduce its public debt and support spending on government projects.
The new target is 19,000bpd higher than the approved quota for May 2022.
The governor said the state failed over the years to explore and benefit from its “God-given natural endowment.”
The minister said he had extracted a commitment from multinational oil firms to relocate their operational headquarters to the Niger Delta region.
The NAFDAC boss said the destruction of the products was in line with the agency’s strategies aimed at eradicating the reintroduction of the fake drugs.
Shell has been beset by myriads of challenges ranging from oil theft to pipeline sabotage, as well as agitations by local communities over oil spills.
