Experts fret over petroleum industry outlook To douse tension in the oil-rich Niger Delta, the Federal Government plans to award to indigenes of the region marginal fields’ oil blocks abandoned by the oil majors as being not commercially viable. The plan is in line with the government’s larger objective of reducing major incidents of restiveness to about 90 per cent […]
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Nigerian may lose as much as $1 billion (about N400 billion) owing to the temporary closure of the Nnamdi Azikiwe Airport, Abuja. A former Minister of Aviation, Babatunde Omotoba, who made the projection said that the economy would lose about N400 billion with the shutdown of the airport as many businesses have also shut down while some foreign airlines have […]
Continue reading »The Corps Marshal of the Federal Road Safety Commission (FRSC), Mr. Boboye Oyeyemi, has said Nigeria lost three per cent of its Gross Domestic Product (GDP) to road accident in 2015. The loss, according to him, amounts to $131,817,676,080, adding that the economic losses have been grievous and monumental.
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