Economic Confidential

W’Bank Affirms Nigeria’s Progress in Business Regulation

The World Bank Tuesday said Nigeria was inching closer to the global best practice in business regulations since 2009. A new report by the Bretton Woods institution and its member, the International Finance Corporation (IFC), observed there had been remarkable...

Jonathan writes Reps, presents 2014 budget Nov 12

President Goodluck Jonathan wrote the House of Representatives on Tuesday seeking to present the estimates of the 2014 budget to a Joint Session of the National Assembly. In the letter read by the Deputy Speaker, Mr. Emeka Ihedioha, the President...

Crude Oil Theft: NNPC Admits Revenue Shortfall

The group managing director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, has admitted that the persistent attacks on major crude oil arteries are having a negative impact on the nation’s revenue. Continuous crude oil theft, pipeline vandalism...

Nigeria And Hungary To Sign Mou On Joint Co-Operation

Federal Government of Nigeria and the Hungarian Government are to sign a Memorandum of Understanding on areas of joint co-operation of the multitudes of opportunities presented for the mutual benefits of both countries. This position was made known during a...

Oil revenue drops by N189bn

Revenue accruable to the Federal Government from crude oil exports dipped by N188.5 billion to N457.2 billion in August 2013, compared to N645.7 billion recorded in July. According to data obtained from the Central Bank of Nigeria, CBN, in its...

National Dialogue: Manufacturers seek protection for industrial sector

As Nigerians prepare for a national dialogue, the Manufacturers Association of Nigeria, MAN, Apapa Branch, has called for an all embracing discourse that will take the plights of manufacturers in the nation into account. Making the call at the association’s...
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