Nigeria Tops Chart As 11 African Countries Block Airlines’ $700m Revenue
Nigeria and 10 other African countries have stopped foreign airlines from repatriating ticket sales proceeds estimated at $700m to their various head offices in overseas, the International Air Transport Association has said.
The Regional Vice...
Nigeria Loses $1bn Annually To Gas Flare Data Falsification
Nigeria is losing about $I billion revenue annually to falsification of gas flare data by Multinational Oil Companies (MOCs) operating in the country, the Chairman, Economic and Financial Crimes Commission (EFCC) Rasheed Bawa said yesterday in...
Poor Transportation, Port Facilities, Power Killing Nigeria’s Manufacturers – Adesina
The President of the African Development Bank Group, Dr. Akinwumi Adesina, says the lack of stable electricity in Nigeria is killing industries in the country, adding that based on an International Monetary Fund report, about...
Nigeria Needs $2.7bn Investment To Stabilise Petroleum Products Supply — NNPC
The Nigerian National Petroleum Corporation, NNPC, yesterday, predicted that the nation needed about $2.7 billion worth of investment to enable it meet the rising demand for petroleum products.
In his keynote address at the 15th...
Nigeria’s Per Capita Income Same In 40 Years, Says W/Bank
The World Bank’s Country Director for Nigeria, Shubham Chaudhuri says the country’s per capita income is at the same level as 1981.
Speaking on Monday during a panel session at the 27th Nigerian Economic Summit (NES#27),...
In 12 Years, Nigeria Exported $22trn Worth Of Rubber
Nigeria has exported rubber and its articles worth $22 trillion since 2009.
The highest was $10 trillion in 2012, while the lowest was last year with the value put at $21 million.
However, Nigeria exports of rubber have...
