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Middle East crisis could deliver N30trn oil windfall to Nigeria — NESG

*Projects $57bn external reserves from oil price surge *Urges FG to save windfall By Babajide Komolafe The Nigerian Economic Summit Group, NESG, has projected that Nigeria could earn as much as N30 trillion in additional oil revenue if global crude prices remain elevated due to the escalating geopolitical tensions in the Middle East.  In a […]

Court orders insurers to indemnify IRS airlines

A Lagos High Court has ordered Standard Alliance Insurance Plc and 17 other Nigerian insurance companies, alongside a foreign third-party reinsurer, to indemnify IRS Airlines Limited over the total loss of its Fokker 100 aircraft (5N-SIK) following an accident in Niger Republic on May 10, 2014.

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