Tag: despite

Tunisia clears all 2023 debts despite financial pressure
News

Tunisia clears all 2023 debts despite financial pressure

Tunisia has managed to pay off all of its internal and external debts for 2023, despite significant pressure on the state resources. Reuters reported that this was confirmed by the Finance Minister, Sihem Boughdiri on Monday, putting an end to concerns about the possibility of a default. However, an official document stated that Tunisia will pay $4 billion in […]

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Naira falls at black market despite CBN’s FX backlog clearance

The value of the naira declined considerably on Tuesday on the P2P and physical black markets, notwithstanding the infusion of foreign exchange liquidity at the official market and the considerable clearing of foreign exchange backlogs by Nigeria’s top bank. The naira traded at around N1230/$ in the early hours of Tuesday on the P2P market, […]

Foreign flights fully booked despite naira scarcity
Aviation

Foreign flights fully booked despite naira scarcity

In a surprising turn of events, foreign flights from Nigeria are experiencing unprecedented demand and are reportedly fully booked, despite the prevailing scarcity of the naira and economic challenges facing the country. Most airlines serving the Lagos-London, Lagos-USA, and Lagos-Paris routes were fully booked for the festive season despite the high cost of tickets which keeps increasing. […]

Passengers lament high transport costs despite FG’s 50% cut
Business

Passengers lament high transport costs despite FG’s 50% cut

Despite the Federal Government’s 50% fare discount, travelers have expressed disappointment that the promised respite has yet to materialize, and transportation expenses remain high. The PUNCH reported that President Bola Tinubu announced the discount, which will be in effect from December 21 to January 4, 2024, in order to ease Nigerians’ suffering. The government collaborated […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]