World News

Ghana on course to secure fresh IMF aid under deal -sources

Mon Jun 29, 2015/Reuters Ghana is likely to clear the first review of its $918 million programme with the International Monetary Fund and secure a fresh disbursement of funds aimed at stabilising its economy, sources close to the deal said on Monday. The $115 million due in August is vital […]

Nigeria’s oil company kept nearly half of oil revenue – NEC

Mon Jun 29, 2015/Reuters * NNPC kept 3.8 trillion naira of revenue-NEC * NEC looked at revenue from 2012 to end May 2015 * President Buhari elected on anti-graft ticket (Adds quotes, detail, background) By Felix Onuah ABUJA, June 29 (Reuters) – Nigeria’s state oil company earned 8.1 trillion naira […]

Mobil Says Contributed N1.0 Trillion Revenue to Nigerian Government Annually in Five Years

Lagos (INVESTADVOCATE)-American oil giant, ExxonMobil’s Nigerian operations, generates over N1 trillion in revenue for the Federal Government in the last five (5) years, the oil giant said in a Yahoo Publicity. The period under review is 2010-2014 which highlights contributions to economic growth, future energy supply and demand forecasts, and […]