Tag: FGN
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FG Sues Pan Ocean for $49.9m in Unpaid Royalties, Company Counterclaims $110m
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The Federal Government has reignited its legal battle against Pan Ocean Oil Corporation (Nigeria) Limited over alleged non-payment of $49,936,088.31 in oil and gas royalties, concession rentals, and gas flaring…
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Brain drain: 16,000 doctors left Nigeria in 5 years –FG
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At least 16,000 medical doctors left Nigeria to practice abroad in the last five to seven years, the Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, has…
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World Bank approves Nigeria’s $1.13bn loan request
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By Adebari Oguntoye The World Bank says a total of a $1.13 billion loan request from Nigeria has been approved. According to details from the bank’s website on Wednesday, three…
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Somalia joins Afreximbank, seeks to boost intra-African trade, economic growth
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Somalia has become the 53rd member state of the African Export-Import Bank, AFREXIMBANK. The country formally acceded to the Establishment Agreement of African multilateral financial institution, thus bringing the Bank…