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...

African Carriers Record $10.2bn Passenger Revenue Loss       The African Airlines Association (AFRAA) has released its 2020 Africa Air Transport Report indicating that carriers on the continent recorded an estimated $10.21 billion passenger revenue loss in 2020. The report gave an in-depth analysis of Africa’s air transport...

Dangote Cement Pays N273bn Dividend       Shareholders of Dangote Cement Plc yesterday commended the management of the company for an impressive performance despite the economic challenges in the immediate past business year. The shareholders approved N272.6 billion as dividend, translating to N16 per share for the year...

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...

Nigeria’s Duty-free Export To US Plunges To $300.48m         Nigeria’s export to the United States under a duty-free policy declined in the first eight months of 2020, recording $300.48m from January to August. According to the latest African Growth and Opportunity Act policy trade statistics, exports to...