African airlines’ traffic Down by 78.3% in April –IATA
The International Air Transport Association (IATA) has announced that domestic travel demand improved in April 2021 compared to the prior month, although it remained well below pre-pandemic levels, while recovery in international passenger travel continued to...
Buhari Inaugurates Lagos-Ibadan Rail Line For Commercial Operations
President Buhari on Thursday inaugurated the commercial operations of Lagos-Ibadan railway project at the Mobolaji Johnson Railway Station, Ebute Metta, Lagos, describing the feat “as another milestone in the drive of this Administration to revitalize the railway...
W/Bank Upgrades Nigeria’s Economic Growth Forecast To 1.8%
The World Bank yesterday upgraded its economic growth forecast for Nigeria in 2021 to 1.8 per cent, citing higher oil prices, structural oil sector reforms, and market-based flexible exchange rate management.
This represents a 0.7 percentage point increase...
Nigeria Among Top Three Countries With Electricity Deficits – W/Bank
The World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world.
It said during the last decade, a greater share of the global population gained access to electricity than...
Remittance To Low, Middle-income Countries Now $540bn
Remittance flows to low- and middle-income countries reached $540 billion last year, just 1.6 per cent below the 2019 total of $548 billion, according to the latest Migration and Development Brief by World Bank has shown.
The bank said...
Oil Hits $71 On Rising Demand Hopes In US, China
Oil prices were higher on Wednesday as negotiations over the Joint Comprehensive Plan of Action continued to falter, and as a rebound in oil demand in China, the United States and Europe threatened to outpace...
