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Tag: N44 Billion

Local Airlines Spend N44bn Annually On Overseas Maintenance

Local Airlines Spend N44bn Annually On Overseas Maintenance       Overseas maintenance of aircraft costs scheduled local airlines excess of N44 billion yearly. The capital flight, from a conservative estimate of about 70 operating airplanes, lately soared given the black market exchange rate of close to N500/$1. Stakeholders said...

Stock Market Extends Downturn By N44bn

Stock Market Extends Downturn By N44bn     Transactions in the Nigerian equity market, on Tuesday, closed on a negative note for the second consecutive trading day, following sell-off on some high-valued stocks. The market breadth also closed negative, recording 10 gainers and 19 losers. The All-Share Index of...