Economic Confidential

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...

The Challenge of Managing Oil Proceeds in Nigeria

By Mohammed Aminu The discovery of oil in Nigeria dates back to the event in the small village of Oloibiri in southern Nigeria in 1956. Most, if not all of the discovered oil fields were pioneered by the joint efforts...

Premium Pension Nets N325bn, Pays Retirees N58bn – CEO

Premium Pension Limited is one of the leading pension fund administrators in the country. When Editors of the Economic Confidential and others were invited to the magnificent headquarters of the company located at Area 3, Garki, Abuja on January...

NMRC: Just Another Mortgage Firm

By Yushau A. Shuaib In a season of politics, anything happens even on the economic front. Recently President Goodluck Ebele Jonathan launched the long-awaited Mortgage Refinance Company, which was mooted and proposed by the Central Bank of Nigeria sometimes in...

Dangote Mulls Acquiring Oil Fields

By Chris Kay DangoteGroup, controlled by Africa’s richest man AlikoDangote, is considering the purchase of Nigerian oilfields as international companies plan to sell onshore assets in the continent’s top crude producer. The company, which has interests from cement to sugar, needs to secure a supply...

NCC Urges Consumers To Sue Telecom Operators

The Nigerian Communication Commission (NCC) has promised to give necessary support to any consumer ready to prosecute any telecommunication operator in the country over poor services. Mr Reuben Muoka, NCC spokesperson, made this known in Abuja on Tuesday in an...
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