archiveMay 9, 2018

Nigerian National Petroleum Corporation (NNPC) disclosed on Tuesday that it was the Federal Government that was paying subsidy on petrol and not the corporation. The NNPC also stated that it spent $396.33 million on Turn Around Maintenance (TAM) for the country’s four refineries between 1998 and 2008. Addressing the House...

  The International Monetary Fund ( IMF) said on Tuesday  placed Nigeria and South Africa at the downside of Africa’s economic outlook in the short to medium term. The Fund also warned that Sub-Saharan African nations are at growing risk of debt distress because of heavy borrowing and gaping deficits,...