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Edo pensioners get N244m

Teachers in Edo State got N1,108,476,358.72 for their October salaries from the N2, 391,150,633 allocation accrued to the Local Government Areas from the Federation Account, while N244 million was used to pay pensioners, the Joint Account and Allocation Committee, JAAC, has said. 

Nigeria loses N7.6tr to faulty agreements with IOCs — Kachikwu

ABUJA—THE Minister of Petroleum Resources, Dr.   Ibe Kachikwu, yesterday stated that Nigeria lost about $21 billion (N7.6 trillion) to International Oil Companies, IOCs, operating in the country due to non-implementation of the Production Sharing Contract, PSC, Act of 1993, otherwise known as the Deep Shore Act.

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