COVID-19, Others Responsible For Naira Depreciation — CBN       The Central Bank of Nigeria (CBN) has disclosed that, COVID-19, shortage in foreign exchange (forex) supply and other factors led to the sharp depreciation of the Naira against the US Dollar. CBN Deputy Governor, Corporate Services, Edward Adamu...

COVID-19, Power Failure, Others Stall N88.76bn Oil Production - NNPC       COVID-19 outbreak, Power failure and production shut-in at various crude oil terminals prevented the production of 3.31 million barrels of oil valued at about N88.76bn in one month. Updates on key setbacks that affected oil production...

NAHCO Loses N7bn To COVID-19, Declares N203m Dividend       Nigerian Aviation Handling Company Plc (NAHCO Plc), has declared a dividend of N203 million for the 2020 financial year despite losing an estimated N7 billion to pandemic disruption. The marginal profit earns shareholders a gross dividend of 12.50...

Global Shipping Losses Decline By 50% In 10 Years — Report       Losses incurred by ships during voyages have dropped by 50 percent in the last 10 years, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2021. A statement from...

UAE Lifts Ban On Nigerian Transit Passengers, Others        Transit flights banned into the United Arab Emirates from Nigeria, India, Pakistan, Sri Lanka, Nepal and Uganda would be lifted effective Thursday, the National Emergency and Crisis Management Authority has said. The NECMA is a UAE emergency management...

COVID-19 Wiped Off $5bn Diasporan Remittances - FG       THE Federal Government has said that the COVID-19 pandemic has wiped off 20 per cent from the $25bn annual diasporan remittances to Nigeria. The government noted that various targeted programmes were being implemented to shore up the deficit. Disclosing...