Banks’ Assets Rise to N78tn in Q1 - CBN The Central Bank of Nigeria says the total assets of the Nigerian banking industry rose by 25.12 per cent in one year to N77.59tn as of the end of February 2023. This was disclosed in a statement...

Abuja, Kano Airport Concession to Generate $800m Revenue - FG The Federal Government of Nigeria has approved the concession of the Nnamdi Azikiwe International Airport, Abuja and the Mallam Aminu Kano International Airport, Kano for 20 and 30 years, respectively. This came as the Federal Government...

Removal of Trade Barriers to Lift 50m Africans Out of Poverty - IMF The International Monetary Fund says the removal of trade barriers among African countries will help lift 50 million people out of poverty. The IMF said this in its recent report titled, ‘Trade Integration...

NBS Reveals Hardship Drove Migrants Back to Nigeria - Report The National Bureau of Statistics says about 48 per cent of migrants have said that hardship drove them back to Nigeria. This statistic was contained in a report on Wednesday titled ‘Awareness and Perception of Intending...

Oil Prices Remain Stable as US Reserves Rise - Report As economic worries competed with a tighter supply outlook for later in the year, oil prices remained steady on Wednesday despite a surprise rise in U.S. crude inventories, according to Reuters reports. In the futures market,...

NSC Saves N2.7bn from Demurrages in Two Years  The Nigerian Shipper’s Council has disclosed that it saved N2.7bn between 2020 to 2022. The council in its newsletter called ‘Complaint Newsletter’, a periodic publication of the agency, said the fund could have been lost to shipping companies,...