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A worrying trend in Nigeria’s economic landscape has been revealed. Despite generating over $1 trillion in revenue from oil and gas over the past 40 years, the country is still burdened with a public debt of $91.46 billion (N121.67 trillion) as of March 31, 2024. This paradox raises questions about the management of oil wealth and its impact on the …

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  Some youths from the Ijaw Youth Council, IYC and Onuebum community in Ogbia Local Government Area of ​​Bayelsa State on Tuesday barricaded the site of an oil well project in OPL 2005, located in the community. According to the youths, the project owner, Sterling Oil Exploration and Energy Production Company Limited (SEEPCO), has ignored the state government’s directive to …

In an attempt to address the long-standing problem of pending pension payments, the Federal Government has directed the calculation of outstanding pensions for serving federal civil servants. According to a memo obtained by our correspondent, the initiative was a collaborative effort between the Office of the Head of the Civil Service of the Federation and the Ministry of Finance. This …