World Bank: 28.9million Nigerians, Others Depend on Food Assistance According to World Bank, twenty-eight million nine hundred thousand people living in Nigeria and other West and Central African countries depend on emergency food assistance for survival. This is despite an above-average yield in the 2022/23 agricultural...

CBN Set to Save Aviation Sector, Releases $265 Million to Airlines In a move to check a brewing crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) on Friday, August 26, 2022, released the sum of $265 million to airlines operating in...

OPEC Boost Nigeria Crude Oil Quota to 1.799million Barrels Per Day The Organisation of Petroleum Exporting Countries (OPEC) has increased Nigeria's crude oil quota from 1.772million barrels per day for June 2022 to 1.799million barrels per day in July 2022. According to the World’s oil supply...

‘NPA To Refund N40.13bn, $921.64m To FG’   The Auditor-General for the Federation has indicted the Nigeria Port Authority (NPA) for failure to recover and remit N40.126 billion, $921.636 million and 289,931.82 pounds to government treasury from various revenue sources in 2019. This was contained in 13...

Senate Probes BPE, Alleges Unremitted $679.4m Rent On Ports’ Concession   The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit $679.4m realised from the concession of various ports to 23 companies the Nigerian Ports...

In Five Months, Shipping Council Saves N900.81m From Dispute Resolution   The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Emmanuel Jime, has said the council saved N900.81m from 82 resolved disputes between shipping companies and shippers or freight forwarders in five months. He...