Nigeria, OPEC Peers To Lose $272bn Oil Revenue
Nigeria and other members of the Organisation of the Petroleum Exporting Countries will see their combined net oil export revenue fall this year to its lowest level since 2002, according to the United States Energy Information Administration.
The...
Tranex Logistics Report N79bn Loss In Q3
Trans-Nationwide Express Plc, a logistics and courier service company, has reported a N79m loss in the third quarter of 2020 as against a profit of N4.67m posted in 2019.
The firm in a report to the Nigerian Stock Exchange...
NPA Resumes Operation, Recounts Loses To EndSARS Hoodlums
The management of the Nigerian Ports Authority regrets the attack on its 26/28 Marina Road, Lagos, corporate headquarters and the Tincan Island Port by unknown persons on Wednesday October 21st and Tuesday October 20th, 2020 respectively.
The attack...
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,...
Businesses, Govts Count Losses To #EndSARS Protests
At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown...
We’ve Reduced Loss By 99.7% To N1.7bn, Says NNPC
The Nigerian National Petroleum Corporation says it has achieved 99.7 per cent reduction in its loss profile from N803bn in 2018 to N1.7bn in 2019.
The corporation published its 2018 Audited Financial Statement five months ago.
The corporation’s...
