Domestic Flights
Lagos, Abuja, Kano airports ready for operations
Akintunde Akinleye/Reuters The Minister of Aviation, Senator Hadi Sirika, says that Nnamdi Azikiwe International Airport, Abuja, Murtala Muhammed International Airport, Lagos and Mallam Aminu Kano International Airport, Kano, are ready for recommencement of domestic flights. The minister said during the daily Presidential Task Force briefing on Monday in Abuja that Lagos, Abuja and Kano airports would recommence domestic flights on Wednesday. He urged all passengers and crews to obey the COVID-19 protocols to ensure safety of the airports and airplanes against the virus. Sirika said that five countries in Africa and over one hundred countries across the globe have already started domestic air service. On the preparation on the airplanes, the minister stated that the last row of the aircraf...
Nigerian stocks down by N1.14 trillion in first half
Nigerian stocks closed the first half down with average loss of 8.80 per cent, equivalent to net capital depreciation of N1.14 trillion as investors struggled with a threesome of domestic macroeconomic uncertainties, global decline in crude oil price and trade wars and the ravaging COVID-19 pandemic. Benchmark indices at the Nigerian Stock Exchange (NSE), which are generally regarded as sovereign equity indices for Nigeria, showed that Nigerian stocks swiveled through steep decline in first quarter and a major recovery in early months of the second quarter, closing the six-month period with net loss of N1.14 trillion. The All Share Index (ASI), a common value-based index that tracks all share prices at the Exchange, closed first half at 24,479.22 points as against 26,842.07 points recorded...
