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The Minister of Finance, Mrs. Kemi Adeosun, says the ministry has succeeded in reducing the Federal Government’s monthly wage bill from N165bn to N142bn by eliminating 33,000 ghost workers.
Adeosun, represented by the Head of the Efficiency Unit at the …
Continue readingThe Nigerian National Petroleum Corporation (NNPC) said from January 2016 till date, government lost 7 billion dollars (N2.1 trillion) to the activities of militancy groups and oil pipeline vandals in the Niger Delta region. The Group Managing Director of NNPC,
Burundi said on Wednesday that it has officially notified the United Nations (UN) of its decision to quit the International Criminal Court (ICC). They are the second African country behind South Africa to present their withdrawal notice to …
Continue readingAfter months of struggling to sustain fuel imports under the current foreign exchange regime, the Nigerian National Petroleum Corporation (NNPC) finally admitted monday that the sale of petrol at the current market price of N145 per litre was unsustainable due …
Continue reading10 Chinese investors are expected to arrive Abuja today to hold discussions on the $5.5 billion investments in the oil and gas sector. The delegation will comprise officials of China North Industries Corporation (NORINCO) and Tiger Jade, the investment arm …
Continue readingThe Nigeria-India upfront oil payment deal will help the Federal Government to tackle the foreign exchange (forex) crisis in the country.The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, initiated the deal during a three-day working visit to India.…
Continue readingIMANI Ghana, a policy think tank, has backed calls for the privatisation of the Electricity Company of Ghana (ECG) to inject capital and innovations in electricity distribution in the country. It said the privatisation of ECG was the only way …
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Center for Free Market Enterprise are the 2016 Smith Student Outreach award winners. The award was received by CFME Programs Director Mr Pilirani Banda in Miami, Florida, USA.
Established in September 2014, CFME was founded by Peter Yakobe and Pilirani …
Continue readingEast Africa’s largest solar power plant in northern Kenya is set to add cheap power to the national grid for onward sale to homes and businesses. The Rural Electrification Authority (REA), which is developing the plant, has signed the power …
Continue readingFranck Mwinkeu, logistics manager at Global Mining Katanga in the Democratic Republic of Congo (DRC), laments the impact political and economic conditions have had on the mining sector. He says that “the political system” in the DRC has forced
