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.
Award-winning Namibian act, Gazza features Nigeria’s very own high-flying singer Davido on the remix to “Kuna M’Kweni“. Good to see foreign stars coming to ...
The terrorist sect, Boko Haram has left people in troubled Maiduguri anxious and frightened after unleashing female suicide bombers on the Borno State capital. Over 60 persons have been killed in attacks by the insurgents in the last 24 hours on the town. Many of the attacks were from female suicide bombers smuggled by the insurgents into the town after confrontations with the military believed to be a decoy. A member of youth vigilance group who spoke anonymously to our correspondent, noted that the armed confrontations of the sect with the military was nothing but diversionary as the main plan was to smuggling female suicide bombers into the troubled town. He said there were diversionary attacks at Alidawari and Jiddari Polo areas on Sunday evening. He explained at Alidawari, the military engaged the terrorists in an attack where four corpses were initially seen on Sunday night. He, however, said that nine other corpses were found in surrounding bushes on Monday morning....
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