• Sunday, February 25, 2024
businessday logo


Five things to know to start your Monday

Cart2024JAN017 (1)

Weather forecast: Sunshine dominates northern regions, while coastal areas experience hazy conditions

According to the Nigerian Meteorological Agency, in the upcoming days, residents in the Northern and North Central regions can anticipate a sunny and hazy atmosphere.

In contrast, coastal states will experience early morning mist or fog, with patches of clouds expected in the hazy atmosphere during the afternoon and evening hours.

This weather forecast suggests varied conditions across the country, with clear skies providing ample sunlight to the north while the coastal areas experience a mix of mist, fog, and hazy conditions.

MM II: E-Arrival wing kicks off in spectacular style

The Murtala Muhammed Int’l Airport’s E-Arrival Wing celebrated its inaugural flight clearance in the recently renovated Immigration Clearance Hall on Friday.

Passengers experienced swift clearance in a revamped and upgraded space, creating a positive and beautifully pleasing atmosphere.

The overwhelming reactions shared on the Nigerian Immigration Service X page speak volumes about the successful transformation.

Dangote refineries to supply petroleum products to 150,000 IPMAN stations

The Dangote Petroleum Refinery is set to provide fuel to over 150,000 retail outlets managed by the Independent Petroleum Marketers Association of Nigeria (IPMAN).

Following a meeting between the refinery’s management and IPMAN executives, an agreement was reached to supply products to the association’s 30,000 members.

The facility, having recently commenced diesel and aviation fuel production, awaits regulatory approval before dispensing fuel to the market.

Major oil marketers and the Petroleum Products Retail Outlets Owners Association are also engaging with the refinery for product supply.

CBN report reveals that foreign medical, school bills gulped $1.58bn in six months

Nigerians spent $1.58 billion on health tourism, foreign education, and personal needs in the first six months of 2023, according to Central Bank of Nigeria data. Over this period, $245.68 million went to overseas health concerns, $896.09 million to foreign education, and $434.63 million to other personal needs abroad.

Medical tourism and foreign education have intensified foreign exchange demand, with inadequate health infrastructure cited as a reason.

The National Vice Chairman of the Joint Health Sector Unions called for improved facilities to make local health centers more attractive.

Oil extends losses as economic headwinds weigh on demand outlook

Oil prices declined for a second consecutive day on Monday, driven by concerns over global economic challenges impacting oil demand, overshadowing geopolitical tensions.

Brent crude dropped to $78.15 a barrel, and U.S. West Texas Intermediate crude futures for February delivery fell to $73.39 a barrel.

Despite reported Ukrainian drone attacks on a Russian fuel export terminal, prices showed minimal movement.

Analysts noted subdued market sentiment amid ongoing geopolitical tensions in Europe and the Middle East.