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...

DSS, NITDA, KDSG Bag African PR Awards 2021 The Department of State Security Service (DSS), the National Information Technology Agency (NITDA) and Kaduna Ministry of Internal Security have bagged Certificates of Excellence for 2021 African Public Relations Awards which recognized Superior Achievement in Branding...

Nigeria Hits $1.5bn In Crypto Trading     Despite the ban on crypto-currency trading in Nigeria, the country has emerged as the biggest market for Paxful, a global peer-to-peer fintech and crypto-currency trading platform, with an impressive volume which currently stands at $1.5 billion and 1.5 million...

U.S. To Increase Africa’s Yearly Development Finance To $6bn       The United States of America (USA) plans to increase its annual development finance to Africa by 20 per cent from about $5 billion to some $6 billion. Chief Operating Officer, U.S. International Development Finance Corporation (DFC), David...

How COVID-19, Taxes Stifled MSMEs In 2020         The year 2020 has got its ups and downs for many businesses in Nigeria especially as they felt the brunt of the COVID-19 pandemic and its attendant lockdown as well as multiple taxes from the various authorities of...

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...