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Oil and gas workers unions are threatening industrial action over alleged plans by the management of Chevron to circumvent labour contract guidelines to sack thousands of its workers.
A new bank, Polaris Bank Limited, has taken over the assets and liabilities of Skye Bank Plc, which licence was on Friday evening revoked by the Central Bank of Nigeria.
The Central Bank of Nigeria, on Friday, revoked the operating licence of Skye Bank Plc with immediate effect.
The Nigerian National Petroleum Corporation says it has no hidden 470.5 million dollars and N8 billion in any commercial bank as alleged by the Nigerian police.
CBN Director, Corporate Communications, Isaac Okorafor, said the sale in the Chinese Yuan was done through a combination of Spot and Short-tenored Forwards.
The bureau’s “Nigerian Domestic and Foreign Debt’’ Q2 2018 report released in Abuja, said the country’s domestic debt stood at N3.48trillion.
The Director-General of the Bureau of Public Enterprises, Alex Okoh, said on Thursday in Abuja that the payments were approved by the National Council on Privatisation, chaired by Vice President Yemi Osinbajo.
The long-running case revolves around the 2011 purchase by Italian oil company Eni and Anglo-Dutch peer Royal Dutch Shell of Nigeria’s OPL 245 offshore oilfield for about $1.3 billion
The party said in a statement on Thursday that President Muhammadu Buhari should speak out on this act of corruption under his watch, particularly following allegations that funds released for the phantom project were diverted to finance…
Adebisi told newsmen on Thursday in Keffi, Nasarawa State that the grant by the World Bank would be disbursed to the NBS through the National social Safety Net Coordinating Office.