We Will Not Borrow From IMF – FG

We Will Not Borrow From IMF – FG

The Federal Government of Nigeria has said the Country will not borrow from the International Monetary Fund (IMF). Speaking in an interview with CNBC Africa on Tuesday, February 22, the minister of finance Kemi Adeosun said the country was not having any challenge on balance of payment and will not obtain a loan from the […]

ExxonMobil Sacks More Staff Members

In a gale of retrenchments that started in ExxonMobil last year, the U.S. oil major has laid off additional 89 workers. A top source in the company made the disclosure in an interview with the News Agency of Nigeria (NAN) at Mkpanak in the Ibeno Local Government Area of Akwa Ibom on Tuesday. The source […]

Air Peace Receives 12th Aircraft, Opens Office At Lekki

Air Peace Receives 12th Aircraft, Opens Office At Lekki

Nigeria’s domestic carrier  has taken delivery of its 12th aircraft, a 114-capacity Boeing 737-500. Air Peace Chief Operating Officer, Mrs Oluwatoyin Olajide, told newsmen on Wednesday in Lagos that the aircraft landed at the Murtala Muhammed Airport, Lagos at about 2.15pm on Tuesday. She said the arrival of the aircraft would greatly boost the airline’s […]

FG, States, LGs Allocations Rise By N65bn

Allocations from the Federation Account to the three tiers of government increased by N65.15bn from N400bn shared in December 2016 to N465.15bn in January this year, according to figures released by the Federation Account Allocation Committee on Tuesday. There was also an increase of N76.27bn in gross statutory revenue from N248.63bn in December 2016 to […]

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