Nigeria’s Senate said Tuesday it was investigating claims that the state oil company illegally took more than $1 billion from natural gas proceeds to fund fuel subsidy payments. Despite being Africa’s largest crude producer, Nigeria relies on fuel imports to meet domestic demand because of its dilapidated refineries. The imported petrol is subsidised by the […]

The Nigeria Labour Congress (NLC) and the Federal Government yesterday succeeded in averting what could have been a complete lockdown of the economy over the disagreement on minimum wage for workers. The protracted negotiation between the government and the workers’ representatives saved the day, leading to the suspension of a nationwide strike that would have […]