NEWS

NLC blast Okupe for calling on states to downsize their civil servants, questions his degree as a medical doctor

  The leadership of the Nigerian Labor Congress NLC have blasted former media aide of former President Goodluck Jonathan, Doyin Okupe, for calling on state governors to downsize their civil servants so they can have enough funds to pay salaries and stop the habit of seeking bailout from the Federal government. Reacting to Okupe's suggestion, the chairman of NLC, Ayuba Wabba, described his suggestion as a jaundiced argument. He questioned Okupe's degree as a medical doctor. The statement in part reads.. (more…)

NEWS

Billionaire Femi Otedola loses $400million in 9 weeks – Forbes report

Article below written by Forbes contributor Mfonobong Nsehe for Forbes magazine... Nigerian billionaire Femi Otedola has lost more than $400 million of his personal fortune over the last 9 weeks as the stock price of Forte Oil, the Nigerian-listed energy behemoth he controls, shed off 43.5% in value within that period. In late February the share price of Forte Oil hit an all-time high of N342 per share after the Lagos-based utilities and petroleum marketing company released its impressive 2015 FY results and declared an attractive dividend of N3.45 per share. (more&hel