FG To Apply For $11bn Loan To Construct Lagos-Calabar Rail Line — Amaechi         Minister of Transportation, Chibuike Amaechi, said, yesterday, that the Federal Government was set to apply for a $11billion loan to construct Lagos to Calabar rail. Amaechi made the disclosur y during an interactive...

Nigerian Venture Plans To Raise $1.2bn To Plug Power Gap     A Nigerian venture plans to raise N480bn ($1.2bn) over the next three years to buy electricity meters and help power distributors plug a revenue gap in Africa’s most populous nation. Less than a 10th of Nigeria’s...

Nigeria Loses N700bn In 12 Days To #EndSARS Protests – LCCI       With EndSars protests hindering the movement of people and goods across the country due to the numerous roadblocks, the Lagos Chamber of Commerce and Industry (LCCI) has put the economy’s estimated loss to the...

External Reserves Drop By $35.67bn         Nigeria’s external reserves, last week, fell for the fourth consecutive week to $35.67 billion even as the naira depreciated to N462 per dollar in the parallel market. Data from the Central Bank of Nigeria (CBN) shows that the reserves fell to...

#EndSARS: Airlines Increase Airfare Of Domestic Flights         Following the ongoing protests against police brutality in the country, airfares on domestic routes have increased. The increase in the price regime was reflected by several carriers on weekend flights for one-way trips from Lagos to Abuja. Before now, the...

Average Transport Fare Increases In September – NBS       Average transport fares across the modes of transportation have increased considerably. This is according to the Transport Fare Watch data for September 2020 provided by the National Bureau of Statistics. The NBS said the average fare paid by commuters...