Home / 2020 / May / 07

Daily Archives: May 7, 2020

Niger Delta stakeholdeers back probe of NDDC by National Assembly

Niger Delta stakeholdeers back probe of NDDC by National Assembly

Some stakeholders in the Niger Delta have commended the National Assembly for its decision to investigate alleged fraud in the Niger Delta Development Commission (NDDC). The stakeholders under the aegis of the Transparency and Accountability Advancement Group (TAAG) said it ...

Read More »

Despite lockdown, stock market investors gain N897bn

Stock market indices gain N36 billion

Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the remote trading via fintech, recorded a gain of N897bn during the month. The Federal Government had ordered restriction of movements ...

Read More »

Seafarers protest prolonged stay aboard vessels

Seafarers protest prolonged stay aboard vessels

Seafarers have protested their stay aboard vessels beyond the normal length of time. It was gathered that their prolonged stay on the vessels was as a result of lack of crew change occasioned by the COVID-19 lockdown in some states. ...

Read More »

Shippers’ council to enforce demurrage refund

Shipping Companies Must Refund Arbitrary Charges For Cargo Transfer - NSC

The Nigerian Shippers’ Council has called on freight forwarders charged demurrage fees by shipping lines from March 30 to May 3 to come forward for refunds. Recall that the NSC had met with the Shipping Association of Nigeria in April ...

Read More »

NNPC reduces petrol depot price to N108

Petrol subsidy gulped N8.94tn in 10 years, says PPPRA

The Nigerian National Petroleum Corporation on Wednesday night announced a reduction in the ex-depot price of petrol from N113.28 per litre to N108 per litre. The ex-depot price is the price at which the product is sold to marketers at ...

Read More »

Airlines, tourism operators seek $10b relief to save industry

Airlines, tourism operators seek $10b relief to save industry

• Virgin Atlantic to fire 3,150 workers, retires seven B747-400 aircraft The survival of the travel and tourism industry in Nigeria and other African countries has been hinged on foreign relief package in excess of $10 billion. The estimate, yesterday ...

Read More »

Foreign reserves gain $449.5m in one week

Top 10 exporters earned $74.78m in one month

After 10 months of consistent decline, the country’s foreign reserves returned to a growth path, gaining $449.5m in one week, figures from the Central Bank of Nigeria have revealed. According to the CBN, the reserves rose from $33.44bn in April ...

Read More »
× Get News Alert