The International Air Transport Association, the Geneva-based trade association representing world airlines, has expressed fears that foreign airlines operating in Nigeria, may lose about $200m to exchange rate depreciation. IATA Regional Vice-President for Africa and the Middle East, Kamil Al Awadhi, said the issue of trapped funds was being exacerbated by the depreciation of the […]
Continue Reading
The Economic Community of West African States (ECOWAS), Commission on Thursday convened an Extraordinary Session of its Mediation and Security Council (MSC) at the ministerial level over the decision of Mali, Burkina-Faso and Niger Republic to leave the community. The session also discussed the current political situation in Senegal where President Macky Sall postponed the […]
Continue Reading
There have been numerous protests in Nigeria as food crises and inflation heat deeper amidst currency devaluation. On Thursday, Muslim and Christian leaders called on authorities to provide food to people at the grassroots because survival is increasingly becoming difficult. The rising cost of living, occasioned by food inflation, has continued to bedevil Nigerians, with […]
Continue Reading
The World Bank says it will step up financial support to Nigeria in priority needs areas of the economy. The World Bank Managing Director of Operations, Anna Bjerde , made this known on Thursday after a courtesy visit on President Bola Ahmed Tinubu at the State House, Abuja. Bjerde said the Bank would continue […]
Continue Reading