Wed Mar 2, 2016/Reuters South Africa’s Clover Industries will no longer invest in Nigeria due to a financial crisis there, the dairy products company said on Wednesday. “The current financial crisis experienced in Nigeria which is fuelled by the low oil price is a further cause of concern, thus the […]
Tag: Nigeria
Oil prices “totally unacceptable”, Nigerian president tells Qatar’s ruler
Sun Feb 28, 2016/Reuters By Felix Onuah The OPEC cartel needs to take action to stabilise the oil market because crude prices have fallen to “totally unacceptable” levels, Nigerian President Muhammadu Buhari said on Sunday. Nigeria, Africa’s biggest oil producer which earns around 90 percent of its foreign exchange earnings […]
Ghost workers: FG saves N2.29bn monthly, says minister
February 29, 2016/Punch The Federal Government said on Sunday that the removal of 23,846 non-existing workers from its payroll had led to a monthly reduction of N2.29bn in its salary bill. It stated that through the ongoing Bank Verification Number-based staff audit and enrolment to the Integrated Payroll and Personnel […]
