Economic Confidential

Oil Account Fears Moderates Strong Growth Feelings

Nigeria's economy expanded at the fastest rate this year in the third quarter, but the country's fiscal situation has deteriorated with the further depletion of the rainy day oil savings account.   Gross domestic product growth in Africa's second-largest economy rose...

Furore Over Plans To Sell Refineries In 2014

The National Union of Petroleum and Natural Gas (NUPENG) is currently threatening fire over announcements that the Federal Government will sell off four oil refineries in the first quarter of 2014.   Petroleum Minister, Diezani Alison-Madueke, confirmed in London that major...

Unity Bank To Add Additional 50 Branches

Unity Bank of Nigeria, with 238 branches around the country is planning to open additional 50 branches between now and 2014 as part of its repositioning strategy and will also deploy additional 1000 ATMs and 5,000 Point of Sales...

New Duties For Imported Cars, Tyres

From January 2014 duties and levies payable on imported new and used vehicles as well as imported new tyres from next year will increase from the present 20 per cent to 70 per cent, the Federal Government has announced....

Need For Fiscal Responsibility Law At The States

The idea of having a system reform which will improve our nation's economy in accordance with international best practices was first conceived by late President Umar Musa Yar'adua when he conscientiously signed into law, the Fiscal Responsibility Act, 2007...

KNSG Signs N2bn Deal with BOA… Netherlands to Boost Agriculture

Kano state government has sealed an agreement with the Bank of Agriculture (BOA) for N2 billion counterpart fund to boost the agricultural projects in the state as The Kingdom of the Netherlands also offered to assist Kano state to...
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