NPA Refutes High Tariff Charges On Vessels Allegation   The Nigerian Ports Authority (NPA) has refuted misgivings about tariff charges on vessels berthing in Nigerian ports, saying charges on such vessels remain among the lowest in the West African coast. The General Manager, Corporate and Strategic Communications...

Inflation Rate Rises To 12.2%, Highest In 21 Months   The National Bureau of Statistics on Tuesday said that the consumer price index, which measures inflation, rose by 12.20 per cent year-on-year in February. The inflation rate of 12.2 per cent, according to the bureau, is 0.07...

Aviation Industry Contributed 0.14% To GDP In 2019 – NBS   Despite challenges in the industry, air transport’s contribution to the country’s Gross Domestic Product marginally increased from 0.12 per cent to 0.14 per cent between 2018 and 2019. Aviation industry’s contribution to the country’s Gross Domestic...

Farmers Exported N68.2bn Goods In 3 Months – NBS   Farmers exported goods worth N68.2bn in the last quarter of 2019, according to figures obtained from the National Bureau of Statistics. Part of the report on foreign trade goods read, “During the quarter, total trade in agricultural...

GTBank Declares N2.50 Final Dividend, Posts N198.85bn Profit   Guaranty Trust Bank Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019 as against N184.71bn reported in 2018, representing a growth of 6.6 per cent. Based on the result, the...

FG Spent N2.1trn On Debt Servicing In 2019   The Federal Government spent a total sum of N2.1trn to service the country’s debt obligations to local and foreign debtors between January and December 2019, statistics obtained from the Accountant-General of the Federation have revealed. The amount is...