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Recent report by IATA has revealed that foreign airlines are unable to repatriate their revenues of about $450 million. According to IATA, CBN restricted the funds to allow for foreign currency to be used for imports of essential goods and services as well as for investors looking to repatriate dividends. The IATA official, Kamal Al Awadhi described […]

Petrol scarcity has caused residents in Lagos to spend hours waiting on queues in filling stations at various locations in the state. The number of commercial vehicles plying the roads was less compared to a regular business day, leaving many passengers stranded at various bus stops. While some were forced to pay extra fares for transportation, others[…]

The Nigerian stock market on Monday further declined as Dangote Cement and other 30 stocks shed weight, pushing the All Share Index down by 1.97% to close at 50,756.74 points from 51,778.08 points recorded last Friday. The market capitalisation closed at N27.363 trillion, shedding 551 billion from N27.914 trillion recorded in the last session. An aggregate of[…]