House Summons Auditor General Over $36.1m W/Bank Loan         The House of Representatives has summoned the acting Auditor General of the Federation, Mr Aghughu Adolphus, over a $36.1m facility under the Fiscal Governance and Institutions Project of the World Bank, to the office. The House Committee on...

FAAN Generated N30bn Revenue In Nine Months         The Federal Airports Authority of Nigeria said it generated N30bn as revenue between January and September 2020. The Managing Director, FAAN, Captain Rabiu Yadudu, disclosed this on Tuesday when the House of Representatives Committee on Aviation led by its...

Nigeria’s Crude Oil Earnings Rebound By 116% – OPEC         The Federal Government’s earnings from the export of crude oil has recorded a rebound of 116 per cent, the Organisation of Petroleum Exporting Countries disclosed on Tuesday. OPEC said the 116 per cent rebound was recorded in...

Air Cargo Traffic Records Slow Growth, Rebound         The International Air Transport Association (IATA) has released October data for global air freight markets showing that air cargo demand continues to improve but at a slower pace than the previous month and remains below previous year levels. Global...

Rising Youth Unemployment is a Waiting Time Bomb By Joy Nguri Current youth unemployment figure in Nigeria is estimated at about 17.1 percent of the over 200 million population. This data are estimates from the International Labour Organization, ILO, an agency of the United Nations saddled...

Oil Contributes 81% To N2.99trn Q3 Exports - NBS       Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion Q3 2020 export earnings, data released by the National Bureau of Statistics (NBS) yesterday showed. With the figure, crude’s share of...