Twitter Ban: Nigeria Loses N309.26bn In 124 Days   The Nigerian Twitter ban has entered its 124th day, causing losses of up to N309.26bn to the economy. The Nigerian government had on June 4 ordered the suspension of Twitter. Recently, President Muhammadu Buhari said “Social media is a...

Nigeria Grants N992.9bn Import Waivers In Two Years   Within a two-year period covering January 2019 and December 2020, the Federal Government through the Nigerian Customs Services granted the sum of N992.9bn as waivers on imported goods, findings have shown. The N992.9bn comprises N213.1bn recorded in 2019...

Nigeria Lost N221.64bn In July To Oil Production Stoppages – NNPC   A total of 7,193,520 barrels of crude oil was lost in July this year due to about 39 production shut-in incidents, latest figures released by the Nigerian National Petroleum Corporation showed. An analysis of the...

Nigerians Face Airfare Hikes As Foreign Airports Impose N950bn Charges         Airfare hikes by international airlines operating flights into Nigeria and other countries may be imminent as airport and air navigation services providers in the United Kingdom, South Africa, European Union, Ethiopia and United States have...

IATA Forecasts $201bn 2020-2022 Losses For Airlines           The International Air Transport Association (IATA) yesterday released its latest outlook for the airline industry’s financial performance showing improved results amid the continuing COVID-19 crisis. Net industry losses are expected to reduce to $11.6 billion in 2022 after a...

Nigeria Spent N445bn On Debt Servicing In Q2, Debts Hit N35trn           Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the Debt Management Office have shown. From April to June 2021, Nigeria spent N322.7bn on domestic...