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Reps Investigates N8.6bn SIWES Fund Under ITF

… Demand reconstitution of SEC board The House of Representatives Committee on Industry has commenced investigation into the alleged mismanagement of N8.6 billion Students Industrial Work Experience Scheme (SIWES) fund by the Industrial Training Fund (ITF). The House had on May...

$5.5bn Borrowing: FG To Meet Global Investors In US Friday

•Eurobonds account for 20% of Nigeria’s $15.35bn foreign debt The Federal Government is set to meet global debt investors this week as it looks to sell its longest-maturity Eurobond yet. Specifically, the government has planned a roadshow to London and United...

Oil Production Rises By 274,000bpd

Crude oil production in Nigeria has increased by 274,000 barrels per day last month, the biggest increase among its peers in the Organisation of Petroleum Exporting Countries. But the increase was not enough to help the country regain the status...

Nigeria’s Inflation Rate Now 15.91%

Nigeria’s inflation rate has dropped to 15.91 per cent in October from 15.98 recorded in September. The National Bureau of Statistics (NBS) stated this in its latest report released in Abuja and made available to Economic Confidential. "The CPI, which measured...

BPE Gets Commendation On Transactions In Telecoms Sector

Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, has commended the Bureau of Public Enterprises (BPE) for its reform and privatization transactions in the country, especially in the telecom sector which has deepened and transformed the Nigerian economy. Speaking when he received the...

FG To Generate N311bn From Asset Sale, Privatisation

The Federal Government is aiming to generate of N311bn from privatisation of public properties and the sale of national assets next year to partly finance the 2018 budget. This is contained in the 2018 budget proposals submitted last Tuesday to...
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