Economic Confidential

Pipeline investments in power sector hits $50bn

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the privatisation of Nigeria’s power sector has unlocked the investment opportunities in the sector, with pipeline investments estimated at $50billion currently. Aganga said for the first time in Nigeria’s...

CBN Governor, Sanusi, accuses NNPC of kerosene subsidy fraud, says $20 billion unaccounted for

Nigeria’s Central Bank Governor, Sanusi Lamido, struck a defiant tone again Tuesday, accusing state-run oil firm, the Nigerian National Petroleum Corporation, NNPC, of failing to pay to the federation account at least $20 billion of government oil revenues.   The Nigerian government...

CBN bars NMRC from real estate financing

Exactly 15 days after President Goodluck Jonathan inaugurated the Nigeria Mortgage Re-finance Company Plc in a bid to tackle housing deficit, the Central Bank of Nigeria has barred the company from financing real estate construction and a number of activities. As a...

Rep Seeks Review Of Adoption Laws

A member of House of Representatives, Hon Chris Emeka Azubogu, has reiterated the need to review adoption laws in the country. Azubogu, who represents Nnewi North/Nnewi South/ Ekwusigo federal constituency of Anambra State, stated this at the launch of a book...

FG unveils modalities for National Conference .. 492 delegates free to discuss any subject matter except….

In keeping with the pledge by President Goodluck Jonathan that the National Dialogue proposed by his administration would provide an opportunity for Nigerians to discuss issues on concerns to them, the Federal Government declared on Thursday that delegates to the conference...

National Assembly Mulls Ban on Importation of Generators

•   National Council on Power under way The National Assembly  is considering banning importation of generators as part of efforts to tackle the problem in the power sector. It also expressed concern about the incessant vandalism of key pipelines that convey...
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