NNPC defends withdrawal of $21b from NLNG account

Mele Kyari The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, yesterday said that the withdrawal of over $21billion from the dividends account of the Nigeria Liquefied Natural Gas (NLNG) was not illegal. Kyari, who was represented by the Chief Financial Officer of the corporation, …

Read More »

India enters first recession in 73 years

India’s economy contracted 7.5 percent between July and September, performing the poorest among major advanced and emerging economies and entering a technical recession for the first time since independence, official data showed Friday. Although the figures were an improvement on the record 23.9-percent contraction recorded last quarter, they indicate that …

Read More »