Global Airlines To Lose $47.7bn In 2021 - IATA       Global airlines regulator – International Air Transport Association (IATA), has projected a $47.7 billion net airlines industry loss for 2021. The projected loss however represents an improvement on the estimated $126.4 billion net loss in 2020. Director General,...

NNPC Refineries Idle For 19 Months, Record N177.21bn Loss       In 19 straight months of not processing any barrel of crude oil, the government-owned refineries in Nigeria recorded a total loss of N177.21bn, the latest data from the Nigerian National Petroleum Corporation have shown. An analysis of...

Airlines May Lose $47.7bn In 2021 — IATA     The International Air Transport Association (IATA) yesterday revised its airline economic performance forecast for the year 2021 putting net post-tax losses forecast at $47.7 billion in 2021 as against a $38 billion projected in December. “Financial performance will...

Shippers Count Losses, NPA Resumes Export Receipts       Shippers in the country have said they lost N780bn in 2020 because they could not access shipments in ports. They said the inability to access the ports affected both in imports and export cargoes. President of Shippers Association Lagos...

NSE: Market Resumes From Easter Holidays With N78bn Loss       The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend, the News Agency of Nigeria reports. Specifically, the All-Share Index lost 150.13 points...

Stock Investors Lost N395bn In March       Investors in the Nigerian stock market lost N395bn in March as the market capitalisation of equities declined further. The Nigerian Stock Exchange All-Share Index closed the month at 39,045.13 basis points from 39,799.89 on Feb. 26. The market capitalisation fell to...