NSIA Revenue Increases By 343% To N160bn
The Nigeria Sovereign Investment Authority, manager of Nigeria’s sovereign wealth fund, on Tuesday announced its audited results for 2020 financial year, reflecting a 343 per cent growth in income to N160bn.
It said this was disclosed in its Audited...
March Domestic Demand Recorded Upsurge - IATA
The International Air Transport Association (IATA) has announced that passenger traffic rose in March 2021 compared with February 2021.
However, total demand for air travel in March 2021 (measured in revenue passenger kilometers or RPKs) was down 67.2 per...
Rising Oil Price Puts More Pressure on NNPC’s Finances
Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demand in key markets, thereby piling more pressure on the ability of the Nigerian National Petroleum Corporation (NNPC)...
Cocoa Exporters Lament Price Slump
Exporters of cocoa are in a dilemma following continuing price slump in the international market.
Cocoa, a key ingredient in chocolate, a luxury food product, has also seen a decline in demand. It is among Nigeria’s leading agricultural exports and constitutes...
Oil Hits Six-week High $68.47 As Dollar Weakens
The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected recovery in demand outweighed worries about the impact of increased COVID-19 cases...
Oil Falls To $65 As India’s COVID-19 Cases Surge
The global oil benchmark, Brent crude, declined on Monday as the Organisation of the Petroleum Exporting Countries and its allies indicated that it was watching surging COVID-19 cases in India, the world’s third-biggest oil importer.
Brent crude,...
