Port Agencies, Stakeholders Collaborate to Reduce N2.5trn Losses   The Nigerian Shippers’ Council (NSC) and the Nigerian Ports Authority (NPA) have called for stronger public-private collaboration to tackle chronic inefficiencies at the nation’s ports. This is as Nigeria seeks to unlock the estimated $3.4tn market potential under...

Nigerian Breweries Incurred N106.3bn Loss in 2023 – Report Nigerian Breweries Plc, the biggest brewer in the country, recorded an after-tax loss of N106.31 billion, driven by foreign exchange losses that strained its financial performance. The brewer swung to a loss from a profit of N105.8...

Nigerian Breweries Incurred N106.3bn Loss in 2023 – Report Nigerian Breweries Plc, the biggest brewer in the country, recorded an after-tax loss of N106.31 billion, driven by foreign exchange losses that strained its financial performance. The brewer swung to a loss from a profit of N105.8...

FG To Mandate Ownership Disclosure Of Oil Assets To Curb $1trn Losses   The Federal Government, through the recently established Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday, said it would become compulsory for oil and gas companies operating in the country to disclose their owners under...

IATA Forecasts $201bn 2020-2022 Losses For Airlines           The International Air Transport Association (IATA) yesterday released its latest outlook for the airline industry’s financial performance showing improved results amid the continuing COVID-19 crisis. Net industry losses are expected to reduce to $11.6 billion in 2022 after a...

After Days Of Losses, Oil Price Jumps To $68       The international oil benchmark, Brent crude, jumped on Monday, snapping a seven-day losing streak that was crude’s worst since 2019, as the dollar pulled back and traders bet the recent selling was overdone. Brent, against which Nigeria’s...