NBS Data: Cement tops Nigeria’s N5.4bn solid mineral export in 3 months

solid mineral export

NBS Data: Cement tops Nigeria’s N5.4bn solid mineral export in 3 months   Cement was the major solid item of exportation from Nigeria in the third quarter of 2020 during which the country exported N5.4 billion solid mineral goods while the import component stood at N35.2 billion. This was disclosed in the foreign trade statistics report for the third quarter of 2020 obtained from the National Bureau of Statistics (NBS). Part of the report read, “The total trade in solid mineral goods stood at N40.8bn in Q3, 2020, comprising an…

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In Numbers: Nigeria has N2.9trn Currency in circulation – CBN

currency in Circulation

In Numbers: Nigeria has N2.9trn Currency in circulation – CBN   Currency in Circulation (CIS) rose by N249 billion from N2.66 trillion as of the end of November to N2.91 trillion in December 2020. The Central Bank of Nigeria (CBN) disclosed this in a report plucked my Business Metrics from the apex bank’s website, showing that total money circulation rose from  N2.49 trillion as of the end of October. The CBN said as a result of its monetary policy actions, the reserve money grew moderately as of end-September 2020. In…

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Global air freight market remains depressed, says AITA

Global air freight market

Global air freight market remains depressed, says AITA Expects full recovery by March 2021   The International Air Transport Association (IATA) has released data for global air freight markets for the last two months, showing that freight volumes improved compared to three months but remain depressed compared to 2019. According to the global airlines’ regulator, capacity remained  constrained from the loss of available belly cargo space as passenger aircraft remain parked on account of the Covid -19 pandemic . Global demand, according to IATA, which is measured in cargo tonne-kilometers…

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Billionaires list: Dangote loses $900m in 24 hours

Dangote loses $900m in 24 hours

Billionaires list: Dangote loses $900m in 24 hours   The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw his total net worth drop by $900m on Friday as his flagship company emerged the biggest loser at the end of trading on the Nigerian Stock Exchange. Bloomberg Billionaires Index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $18.4 billion on Thursday to $17.5 billion on Friday, making him the 114th wealthiest man in the world, down from 106th the previous day. Dangote’s net…

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