Nigeria Resumes Petrol Import From China       Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from China, the world’s top crude oil importer. The Asian country shipped 37,000 metric tonnes of petrol to Nigeria in September for the first time since July 2019,...

IATA Predicts $118.5bn Loss For Airlines In 2020/2021         The International Air Transport Association has predicted heavier losses for the aviation industry in 2020 and 2021. According to a report titled ‘Deep losses continue into 2021’, IATA predicted a net loss of $118.5bn for 2020 (higher than...

Nigeria’s Economy On Track Despite Recession – FG         The Federal Government has said that Nigeria's economy is still on track despite another recession the country entered into last Saturday. Finance, Budget and National Planning Minister, Mrs Zainab Ahmed stated this at the start of the 26th...

Kaduna Constructing N4bn Mall, Targets N1.6bn Revenue Yearly         The Kaduna State Government is targeting a revenue of N1.6bn from the Kaduna Galaxy Mall currently being constructed by the China Civil Engineering Construction Corporation. Managing Director, Kaduna Market Development and Management Company, Muhammed Bayero, said the mall,...

Nigeria Losing Over N400bn Yealy From Fish Imports — Reps         Deputy Chairman, House of Representatives Committee on Agricultural Institutions, Rep. Awaji Inombek-Abiante(PDP-Rivers), has bemoaned the failure of the Nigerian government to reap over $1billion annually from the Fisheries Industry. Besides, he pledged his Committee’s commitment to...

$500m Chinese Debt Sparks Confusion In Airport Concession       Federal Government’s plan to concession airports has run into difficulties over an existing debt and pact with China to build four new terminals at the cost of $500 million. The “concession within concession”, according to the coalition of...