Despite COVID-19 Harsh Conditions, Banks’ Profits Rise To N677bn       Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have shown that they recorded a combined profit of N677.149 billion for the period that ended on...

Nigeria Losing Over N400bn Yealy From Fish Imports — Reps         Deputy Chairman, House of Representatives Committee on Agricultural Institutions, Rep. Awaji Inombek-Abiante(PDP-Rivers), has bemoaned the failure of the Nigerian government to reap over $1billion annually from the Fisheries Industry. Besides, he pledged his Committee’s commitment to...

Oil Price Rises By 2% After Falling To $36       The international oil benchmark, Brent crude, gained nearly two per cent on Monday, shaking off earlier losses, as the United States heads into a contentious presidential election. Brent, against which Nigeria’s oil is priced, had fallen more...

Nigeria Received $26.94bn Donations In six years – Fed Govt         The Federal Government has said Nigeria received a total of $26.94bn development assistance funds from international donors between 2015 and 2020. The amount, according to the Minister of State for Budget and National Planning, Clement Agba,...

Concerns Over $17bn Annual Freight Loss To Foreign Shipping Lines         Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due to the inability of the country to lift her cargoes. According to shipping experts and economists,...

Chinese Products Top Nigeria’s Imported Goods List – NBS       A total of 31.41 per cent of goods imported into Nigeria are from China, according to the National Bureau of Statistics. The NBS stated in its report on ‘Foreign trade in goods statistics’ for second quarter of...