The Federal Government on Friday invited the leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria to a crucial meeting slated for 2pm on Saturday, to avert the planned shutdown of oil production and exports. PENGASSAN President, Babatunde Ogun, had on Thursday announced that the union had […]

Standard & Poor’s is set to downgrade the credit ratings of several euro zone countries later on Friday, but not those of Germany and the Netherlands, a senior euro zone government source said. Another source confirmed “several” countries would be hit. French TV, citing a government source, said France’s credit […]

Nigeria‘s trade unions say they are suspending protests for two days to allow more talks with the government.  The announcement comes on the fifth day of a general strike over the removal of a fuel subsidy, which has caused fuel prices and transport fares to double.  Thousands of people have […]