TETFund Blames Slow Pace Of Work In Projects To Cost Of Materials, COVID-19   The Tertiary Education Trust Fund (TETFUND) has blamed slow pace of work in its various intervention projects in public tertiary institutions across the country to fluctuations in prices of important building materials,...

Fed Govt To Borrow At A Higher Cost As Global Interest Rates Spike   As if the COVID-19 pandemic was a good thing, global interest rates were maintained at historic low levels over the past two years, as monetary policy authorities across the world lowered interest...

Airlines, Others Generate N146bn In Nine Months As Aviation Industry Rebounds   The relaxation of travel restrictions occasioned by the COVID19 pandemic and increased economic activities during the year drove recovery in the aviation sector in the first nine months of 2021, a new report obtained...

COVID-19 To Cut N17trn From Global GDP - W/Bank   This generation of students now risks losing $17 trillion in lifetime earnings in present value, or about 14 per cent of today’s global Gross Domestic Product (GDP), as a result of COVID-19 pandemic-related school closures, a...

Capital Inflow Drops By 29% As COVID-19 Cases Rise     Capital inflow into the country fell from $620m in July to $440m in August over the resurgence of the COVID-19 pandemic. The Central Bank of Nigeria stated this in its monthly economic report for August titled, ‘Foreign...

Foreign Airlines To Cut Nigeria Flights As Sales Crash       The travel bans imposed by Canada and the United Kingdom on Nigeria passengers have hit foreign airlines operating in the country, with many of the carriers now perfecting plans to cut flights into Nigeria in coming...