IATA Predicts $118.5bn Loss For Airlines In 2020/2021         The International Air Transport Association has predicted heavier losses for the aviation industry in 2020 and 2021. According to a report titled ‘Deep losses continue into 2021’, IATA predicted a net loss of $118.5bn for 2020 (higher than...

We Begged People To Buy Oil At $9, Say Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, said buyers were begged to purchase the Nigerian crude oil at $9 per barrel in April. The global oil benchmark, Brent crude, plunged...

Fresh Lockdowns Impacting Oil Demand Recovery - OPEC+         The Organisation of the Petroleum Exporting Countries and its allied have lamented the impact of the resurgence of COVID-19 cases in major economies on crude oil demand. The Joint Ministerial Monitoring Committee of OPEC and its Russia-led allies,...

Price Hike: FG To Back Marketers On Petrol Import       The Federal Government is to make the dollar accessible to oil marketers in order to make the importation of petrol into Nigeria competitive and help reduce the commodity’s rising cost. It was learnt on Monday that oil...

Stock: Market Extends Gain With N106bn         Trading activities on the equity market on Tuesday further closed upbeat as investors continued to take position on blue-chip stocks in anticipation of a fair third-quarter results. The key market performance measures, the NSE All-Share Index rose by 0.70 per...

Chinese Products Top Nigeria’s Imported Goods List – NBS       A total of 31.41 per cent of goods imported into Nigeria are from China, according to the National Bureau of Statistics. The NBS stated in its report on ‘Foreign trade in goods statistics’ for second quarter of...