Total Nigeria Records N163m Loss   Total Nigeria Plc has posted a loss after tax of N163.22m loss for the first quarter ended March, 31 2020 as against N474.089m posted in 2019. Loss before tax stood at N136.99m from N418.3m posted in 2019. Revenue dropped by nine...

FG Loses $1bn Annually In Maritime Sector     A former Director General (DG) of the Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, has said the Federal Government loses up to $1 billion annually in the maritime sector due to policy summersaults and expatriate players’...

Ground Handling Companies Predict N20bn Revenue Loss     The Association of Aviation Ground Handlers (AGHAN) has predicted loss of about N20 billion for operators in the sub-sector by the end of June, due to the lockdown. The association said its members have been had hit by the...

FG Refineries Suffer N19bn Loss In Two Months     The refineries owned by the Federal Government recorded a total loss of N18.96bn in the first two months of this year, the Nigerian National Petroleum Corporation has said. Latest data from the NNPC showed that the refineries, which...

Stock Market Extends Loss By N133bn   The Nigerian equity market on Tuesday sustained its negative sentiment to three consecutive trading sessions as investors continued to take profits to increase capital gains. Key market indicators, the NSE ASI, declined by 1.06 per cent as bargain hunters continued...

COVID-19: Global Stock Markets Lose $18trn     Over $18 trillion have been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital markets maintained their role of facilitating the transfer of funds in the real economy. In the First Quarter (Q1) 2020...