Day: 9 January 2024

UN predicts petrol price drop in 2024

The United Nations (UN) has predicted a decline in Nigeria’s price of petrol in 2024. According to the United Nations World Economic Situation and Prospects (WESP) report for 2024, Nigeria will achieve that with an increased domestic oil refining capacity. “Efforts to increase in-country oil refining capacity would likely reduce domestic fuel costs in 2024 and beyond,” …

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EU Introduces New Import Control System For Maritime, Road, Rail

The European Union (EU) has introduced a new import control system for entry of goods by maritime and inland waterways, road and rail, in the EU. The system, which will take effect on June 3, 2024, is part of a new customs pre-arrival cargo information system, called Import Control System or ICS2. It is the …

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CBN Disburses $61.64m To Foreign Airlines

The CBN acting Director, of the Corporate Communications Department, Hakama Sidi, who made this known in a statement yesterday, disclosed that the disbursement was done through various Deposit Money Banks (DMBs) in the country. She added that the apex bank has also redeemed outstanding forward liabilities amounting to about $2 billion in the past three months, …

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Lagos State Gives Completion Date, Targets for New International Airport at Lekki

Lagos State Government has once again promised to construct a new international Airport at the Lekki Epe corridor of the State in the next one or two years. The airport is expected to accommodate about 350 aircraft at a time and take care of about 5 million travelers annually. Gbenga Omotoso, the state commissioner for …

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