By Babajide Komolafe Lotus Bank has pledged to work with exporters and other stakeholders to boost Nigeria’s non-oil export revenue. Speaking at the bank’s exporters forum in Lagos, the Managing Director of the Bank, Kafilat Araoye, while commending the ‘Race to $200 billion Non Oil Export Earnings, (RT 200)’ recently introduced by the Central Bank […]

By Godwin Oritse THE intervention by the Presidential Task Team, PTT, in streamlining port operations has reduced vessels waiting time at the anchorage to 90 minutes from 6 hours, a development that has consequently reduced the total Ship Turnaround Time, STT. The STT, which had been at about 28 days, has now dropped to an […]

Flight fares driven by demand, supply Many passengers take to road transport By Udeme Akpan, Ediri Ejoh & Prince Okafor THE price of aviation fuel has increased by 121.4 per cent to N620 per litre in June 2022, from N280 per litre in the corresponding period of 2021, due mainly to the rising price of […]

The Naira on Friday appreciated at the Investors and Exporters window, exchanging at N421.25 to the dollar, a 0.30 per cent appreciation against N422.50 traded on Thursday. The open indicative rate closed at N419.34 to the dollar on Friday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s […]

By Providence Ayanfeoluwa The Nigeria Customs Service, NCS, Seme Command, said it impounded 10,865 jerry-cans of Premium Motor Spirit, PMS, with a Duty Paid Value, DPV of N65.6 million from January 2022 to date. Customs Area Controller, Seme Command, Comptroller Bello Jibo, gave the figures during a media briefing on the handing over of seized […]