NNPC Limited secured the crude-for-cash funding from the African Export-Import Bank headquarters in Cairo, Egypt.Commenting on the development, Ajuri Ngelale, special adviser to President Bola Tinubu on media and publicity, said the new FX accretion is to enable NNPC to defray taxes and royalties in advance.
Ngelale said the funds would also provide the federal government with dollar liquidity to stabilise the naira via incremental releases based on the federal government’s needs.The consumer price index , which measures the rate of change in prices of goods and services,The latest figure is the seventh consecutive rise in the country’s inflation rate this year and also the highest since 2005.
The NBS captured the nation’s inflationary trend in its CPI report for July 2023, released on Tuesday.X REMOVES BLOCKING FEATUREother accounts. In a post shared via the platform on Friday, the billionaire businessman said the feature made “no sense” and will soon be unavailable for users.Musk said users can use the mute feature as an alternative for blocking.FG HALTS PETROL PRICE HIKEAjuri Ngelale, special adviser to Tinubu on media and publicity announced this while speaking to journalists in Abuja on Tuesday last week.by the National Labour Congress over plans for the increment of the petrol pump price.
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