Nigeria Tops Chart As 11 African Countries Block Airlines’ $700m Revenue
Nigeria and 10 other African countries have stopped foreign airlines from repatriating ticket sales proceeds estimated at $700m to their various head offices in overseas, the International Air Transport Association has said.
The Regional Vice...
Remittances To Nigeria, Others May Drop To $41bn This Year - Report
Remittances to Nigeria and other African countries are expected to decrease by 5.4 percent from $44 billion in 2020 to a projected total of $41 billion in 2021, due to the effects of...
'Nigeria, Others Need $15.7bn To Upgrade Refineries'
African countries will need about $15.7 billion to upgrade existing 36 refineries on the continent to produce petroleum products that will conform with a planned level of sulphur content.
African Refiners and Distributors Association (ARDA) disclosed that the $15.7...
COVID-19: $601m Airlines’ Revenue Blocked In 17 African Countries
The International Air Transport Association (IATA) has expressed worry over the trapping of $601 million airlines’revenue blocked in 17 African countries since the onset of COVID -19 over a year ago.
Blocked funds are owed to airlines...
Okonjo-Iweala Advises Nigeria, Others Against Bilateral Trade Agreements
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has urged Nigeria to guard against entering into unfavourable bilateral trade agreements with rich countries.
She advised Nigeria and other African countries to embrace multilateral trade agreements...
AfDB Approves $25bn For Agric Development In Nigeria, 4 Other African Countries
The African Development Bank Group (AfDB) has approved the investment of $25 billion to develop agriculture in Nigeria and four other African countries.
President, AfDB, Dr. Akinwumi Adesina, disclosed this at a virtual conference...
