The Nigerian National Petroleum Corporation’s report shows why Nigeria’s economy experiences difficulties – and if the trend continues the situation may get even worse. Nigeria’s oil revenues sharply declined within a year by over two thirds, says the report, recently published by the NNPC. The NNPC report shows that oil revenues declined more than 67 per cent over a period of time since September 2014 till July 2015, and that had “ dire consequences to the federation “. However, if that rends continues, the situation in Nigeria’s economy, heavily dependent on oil revenues, may get even worse. Nigeria derives more than 90 per cent of its foreign exchange earnings from crude.
THE Federal Government has condemned the incident that occurred at the Bauchi Airport Saturday, describing the incident as unacceptable. The incident, which went viral on many social media networks, involved a Bauchi bound chartered Aero contractor flight which took off from Abuja. According to information gathered, passengers on board the flight disembarked on landing at Bauchi airport with the help of a ladder as against the accepted use of gangway. The development has generated condemnation and affront to safety. Feelers from the Ministry of Transportation have indicated that the incident has caused a national embarrassment. “The Federal Government is frowning at the incident. Even though the airport is
More than one million migrants and refugees have entered Europe this year, according to an intergovernmental organisation. The International Organization for Migration (IOM) says the million mark was crossed on Monday - a more than a four-fold increase in comparison with last year. The actual number of arrivals recorded as having entered the continent
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