Jet Fuel, Cooking Gas Prices Crash in Abuja, Lagos The price of aviation fuel known as Jet A1 has been on a downward slide as soon as the fuel subsidy was removed which jacked up the price of premium motor spirit (pms) otherwise known as...

Naira Depreciation, Inflation Affect N13.72tn Workers’ Salary – Report The continued depreciation of the naira and persistent inflation has eroded the N13.72tn workers’ salaries gained in the last four years, according to the National Bureau of Statistics report. This is as total workers’ salaries in the...

FG Records N927.2bn Trade Surplus in Q1 2023 - NBS The National Bureau of Statistics (NBS) says Nigeria recorded N927.16 billion trade surplus between January and March. A trade surplus is an economic indicator of a positive trade balance in which a nation’s exports outweigh its...

NGX Sheds N7bn on First Trading Day, Halts Market  The Nigerian Exchange Limited on the first trading day of the week shed seven billion naira, bringing to a halt a six-day of rally in the market. NGX All-Share Index depreciated by 0.03 per cent to settle...

FG Records N930bn Fiscal Deficits in Two Months - Report The Central Bank of Nigeria says the Federal Government recorded N930.8bn fiscal deficit in January and February 2023. The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of...

International Airlines to Generate $803bn Revenue, 4.5bn Passengers in 2023 The International Air Transport Association announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. According to the Director-General, IATA, Willie Walsh, airline industry net profits are expected to reach...