Economic Confidential

‘Private sector needs N960bn to invest in power’

“Huge amount is required to invest in the power sector and the financial institutions are needed to finance some of these projects. The private sector in the power sector is committed to deliver constant power in the country and...

Losing Billions, Jobs to Waivers

Standing logic on its head, Minister of Finance Ngozi Okonjo-Iweala insists she has done nothing wrong in the administration of import waivers despite obviously contrary evidence   Tried as she may, it appears the Coordinating Minister in Charge of the Economy...

Again, CBN Raises CRR 75%

At its first meeting for 2014, the Monetary Policy Committee of the Central Bank of Nigeria raised the cash reserve ratio for public sector funds but retained the monetary policy rate.   On July 24 2013, there was commotion in the...

NEMA trains 45 NYSC members to boost ambulance services

Following the deployment of Mobile Intensive Care Unit (MICU) to strategic locations for emergency response, the National Emergency Management Agency (NEMA) has began the training of 45 members of the National Youth Service Corp (NYSC) serving in the agency...

Daring The Police

A man who shared a wanted picture of himself on Facebook was captured by police just 45 minutes later. Anthony James Lescowitch Jr. had been evading arrest in Pennsylvania since November last year, but it didn’t take police long to...

Killing the Fuel Subsidy

By Les Leba This week, we will closely examine the inference of the sum of $8.9bn (about N1.4tn) that NNPC confirmed it legitimately retained as fuel subsidy between January 2012 and July 2013! We recall that the National Assembly approved “an...
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