Shippers Council Targets 80% Automation By June       The Nigerian Shippers’ Council (NSC) says it hopes to achieve 80 per cent automation of the entire seaport processes on or before the end of the first half of the year. The nation’s seaport economic regulator also vowed to...

Petrol Subsidy Rises To N500bn       With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the...

ABCON Seeks CBN’s Approval For Training Institute       The president, Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe has appealed to the Central Bank of Nigeria (CBN) to approve the association’s proposed training institute to provide capacity for its members. He made the appeal...

Aviation Fuel Price Increases To N270 Per Litre     The price of aviation fuel, known as Jet A1 in the industry, has continued to increase pushing airlines further into the precipice. Findings showed that the price of Jet fuel has risen to between N250 and N275 per...

Forex Scarcity Cripples Local Airlines, Spike Airfares     The foreign exchange (FX) liquidity crisis is eating deeper into the daily operations of the local airlines, causing airlines’ capacity to dwindle and hitting up airfares. The Economic Confidential, yesterday, learned that operators in the aviation sector have not...

Over 43 Oil, Gas Cases Waiting To Be Resolved – DPR       The Department of Petroleum Resources has said over 43 cases in the Nigerian oil and gas industry are waiting to be looked into by the newly inaugurated Alternative Dispute Resolution Centre. Its Director/Chief Executive Officer,...