Petroleum Shipment: Senate Raises Concern Over $120m Yearly Losses
The Senate on Tuesday, raised concerns over reports that the nation loses over $120m annually, following overwhelming patronage of foreign shipping firms in the shipment of petroleum products.
The upper chamber has therefore, directed the Nigerian National...
NNPC Cuts Losses To N82bn From N800bn
The Nigerian National Petroleum Corporation (NNPC) yesterday said losses from vandalism and oil theft has reduced from N800 billion in 2018 to less than N82billion, a feat attributable to clampdown on vandals by joint security efforts.
Its Group Managing...
#EndSARS : Insurers’ll Pay Billions On Losses – NIA chairman
The Chairman, Nigerian Insurers Association, Mr Ganiyu Musa, has said insurance companies may pay claims worth billions of naira from losses of lives and properties that followed #EndSARS protests.
He spoke to our correspondent in a...
Marketers Count Losses As Protesters Burn Petrol Tankers
The Independent Petroleum Marketers Association of Nigeria on Thursday decried the loss of some of their petrol tankers following repeated attacks on their trucks by hoodlums exploiting the #EndSARS protesters.
It was gathered that angry protesters again attacked...
COVID-19: Small Businesses Count Losses, On Brink Of Collapse
Many Small and Medium Enterprises (SMEs) across Nigeria are beginning to run into losses and may likely collapse as a result of the negative effects of measures introduced by the federal and sub-national governments to contain...
Local Airlines Cumulative Losses Hit N360bn
The current restriction of both local and foreign commercial flight services has forced domestic carriers into financial distress as cumulative losses hit N360 billion.
The sum, spread across eight airlines, is the running cost of operation, which include aircraft leasing,...
