African Airlines’ Traffic Declined By 68% In February     African airlines’ traffic reduced by 68 per cent in February compared to the figure obtained in February 2019, the International Air Transport Association (IATA) has said. The development was a setback compared to a 66.1% decline recorded in...

Fed Govt To Spend N766bn On COVID-19 Vaccination       The Federal Government is planning to spend a total of N766 billion for vaccination against Coronavirus (COVID-19) in 2021 and 2022. The government is seeking the approval of N367.502 billion through a Supplementary Budget to finance the COVID-19...

Oil Revenue To Remain Subdued As Output Plunges By 15%       Despite the recent rise in oil prices, there are strong indications that Nigeria is not likely to be out of the woods in its petroleum revenue performance and budget funding, due, mainly to the significant...

How We Created Opportunities Out Of Year 2020 Challenges — NNPC         The year 2020 is a year like no other. A year that threw up a health challenge which brought the whole world to its knees. The coronavirus pandemic precipitated the lockdown of social and economic...

Oil Prices: Afreximbank Predicts 10% Rise In 2021       Oil prices are expected to rise around 10 per cent over the next year, according to the Afreximbank African Commodity Index for the third quarter of 2020. The index, which measures commodity prices every quarter, said the oil...

Nigeria’s Duty-free Export To US Shrinks To $351.73m         Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m from January to September. According to the latest African Growth and Opportunity Act policy trade statistics, exports to...