Economic Confidential

Shell Pays FG $3.7bn Taxes, Royalties- Report

Anglo-Dutch Shell Group said it has paid the Federal Government of Nigeria taxes and royalties to the tune of $3.7 billion in 2016. The 2016 Global Report titled “Revenue for Governments”, released showed that Nigeria got the highest payment among...

Fitch Rates Nigeria’s $300m Diaspora Bond ‘B+(EXP)’

Fitch Ratings has assigned Nigeria’s $300m Diaspora Bond ‘B+(EXP)’ indicating that the relative stability in the foreign exchange market with reversal of the slide in gross domestic products, GDP, did not reflect in the expectations for the bond offer. The...

FIRS Generates N778bn in Q1 2017

The Federal Inland Revenue Service (FIRS) has said that it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance which showed the...

Finally, Osinbajo Signs 2017 Budget

The Acting President Yemi Osinbajo has signed the 2017 appropriation bill into law. Prof Osinbajo signed the budget at about 4:40 p.m. on Monday inside his conference room in the presence of the Chief of Staff to President Muhammadu Buhari,...

NNPC Increases Gas Supply

Efforts by the Federal Government to boost electric power generation in the country may soon yield the required dividend following the sustained increase in gas supply for power generation by the Nigerian National Petroleum Corporation, NNPC. The March 2017 edition...

NEXIM Bank Pledges Support to Solid Minerals Sector, Others

The Managing Director/CEO of Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello has pledged the bank’s support for the non-oil sector, notably solid minerals, manufacturing and agriculture. The NEXIM boss stated this when he paid a courtesy visit to the Minister...
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