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  • September 24, 2018

Breaking: Buhari Approves Payment of N22bn To Nigerian Airways Retirees

Hamilton Nwosa
Writer

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Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…

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The Federal Government has approved the sum of N22.68bn for the payment of retirement benefits to former workers of liquidated Nigerian Airways Ltd.

The amount which was approved by President Muhammadu Buhari is about 50 per cent of the N45.3bn entitlements of the former workers of the company.

The Minister of Finance, Mrs Zainab Ahmed said this on Monday in Abuja during a press briefing held at the headquarters of the Ministry of Finance.

Apart from the N22.8bn for the former aviation workers, she said that the sum of N20bn was approved for the education sector.

Details later…

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