NBS: Air Travel Fare Rises N78,778 in October - Report The National Bureau of Statistics says average air travel fare grew year-on-year (YoY) by 7.6 percent to N78,778 in October 2023 from N73,198 in October 2022. Disclosing this in its Transport Fare Watch for October 2023,...

Senate Approves 2024-2026 MTEF, to Probe Tax Waivers from 2015 Senate has approved the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The upper legislative chamber also ordered investigation into all tax waivers since 2015 and directed that waivers not directly linked to...

Equity Market Falls by N35bn as Trading Declines The market capitalisation of the Nigerian Exchange Limited slid by N35bn as MTN Nigeria (-0.63 per cent), Dangote Sugar (-1.64 per cent), Lafarge Africa Plc (-1.34 per cent), United Bank for Africa(-0.24 per cent) and FBN Holdings...

FG, UN Partner to Raise $5bn Yearly for Poverty Alleviation  The Federal Government and the United Nations, as well as other development partners, are to raise $5bn annually for Nigeria’s Humanitarian and Poverty Alleviation Trust Fund. The Ministry of Humanitarian Affairs and Poverty Alleviation announced this...

FG Considers Shipping Line to Capture $10bn Market   The federal government said it would consider the re-establishment of a national carrier for the nation’s shipping sector. It said the National Shipping Line will be established through a strategic Private Public Partnership (PPP) arrangement, saying the move...

Nigeria, Germany Sign $500m Gas, Renewable Energy Deals   In a significant move to strengthen economic ties, Nigerian and German companies sealed two pivotal agreements in Berlin on Tuesday. The accords valued at $500m, encompass a renewable energy pact and a gas export deal, marking a milestone...