Economy

Striking aviation workers threaten total shutdown, reject govt plea

As the second day of their strike begins, aviation workers have threatened to close the nation’s airports should the federal government not meet their demands.

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NBS: Railway corporation generates N715m in Q3 2022

The Nigerian Railway Corporation generated N715.09 million in revenue from passengers in Q3 of 2022, the National Bureau of Statistics reports.

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Warri-Itakpe rail service resumes Monday, two months after derailment

The Warri-Itakpe Train Services would resume service on Monday, April 24, 2023 reports The Punch.

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IMF’s advice will not alleviate Nigeria’s economic crisis- Moghalu

Former deputy governor of the Central Bank of Nigeria (CBN) and political economist from Nigeria Kingsley Moghalu says he disagrees with the IMF’s recommendation that the government of Nigeria raise taxes.

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Marketers: Hike in cooking gas due to multiple taxation, other factors

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has specified among other reasons for the increase in the cost of cooking gas exchange rate swings, various levies, and a lack of foreign currency.


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Aviation Strike: FAAN advised passengers on flight disruptions

The management of the Nnamdi Azikiwe International Airport (NAIA) chapter of the Federal Airports Authority of Nigeria (FAAN) has asked stakeholders and those arriving to establish contingency arrangements to avoid missing their appointments.

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Sirika: FAAN Commissions 10 firefighting Vehicles worth N12bn

The recent commissioning of ten high-capacity firefighting vehicles by the Minister of Aviation, Hadi Sirika, has been met with mixed reactions from the public.

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Chinese loans hit $4bn Under Buhari, DMO

The Federal Government loans from China rose from $1.39bn to $4.29bn indicative of 219.91 per cent increase from $1.58bn as of June 2015 to $5.07bn as of December 2022 under the President Muhammadu Buhari led administration.

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Concerns as NNPCL hires expatriate to head subsidiary

The nomination of Jean-Marc Cordier as the head of the Nigerian National Petroleum Corporation Limited’s oil trading division has sparked a variety of worries among operators and professionals in the sector. The company’s Chief Corporate Communications Officer, Garba-Deen Muhammad, revealed that Cordier would lead NNPC Trading Ltd, a subsidiary of NNPCL, in a statement released […]

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Africa accounts for 55% of world’s poor – ECA

Hanan Morsy, the Chief Economist for the Economic Commission for Africa, estimates that 54.8% of the world’s poor live in Africa with East and West Africa having a higher share of poverty. She said, “The continent faced a tsunami of global shocks that have exacerbated existing socio-economic operation and equity. Africa, as a result of […]

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