Economic Confidential

Investments in Onne Oil, Gas Free Zone hit $4.2b

THE Onne Oil and Gas Free Zone (OGFZ) recorded $200 million more in investments this year, Industry, Trade and Investment Minister Olusegun Aganga has said. According to the minister, this was in addition to about $4 billion capital investments recorded...

Lagos Targets N20bn Monthly Internally Generated Revenue

The Lagos State Government has disclosed that its target is to raise its monthly Internally Generated Revenue (IGR) from N18 billion to N20 billion. The Commissioner for Economic Planning and Budget, Lagos State, Mr. Ben Akabueze, said this while delivering...

Crude Oil Theft Another Face Of Terrorism — Alison-Madueke

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has declared that the grave phenomenon of oil theft and its global support system represents another face of terrorism which has continued to remain a clog in the wheel of Nigeria’s...

Reps Demand Full Disclosure Of Federation Account

The House of Representatives yesterday called on the Federal Government for full disclosure of the status of the Federation Account and the economic situation of the country. The sponsor of the motion, Bimbo Daramola (APC, Ekiti), said he is disturbed...

Group Urges FG to Tackle Multiple Taxation

The Tax Payers’ Association of Nigeria (TAPAN) has called on the federal government to urgently harmonise taxes and levies across the country so as to stimulate economic growth. TAPAN, which commended the Coordinating Minister for the Economy and Minister of...

N255m bulletproof cars deal illegal, panel told

The Nigerian Civil Aviation Authority (NCAA) and the Minister of Aviation, Ms. Stella Oduah, breached procurement laws in the purchase of two BMW armoured cars, the Bureau of Public Procurement (BPP) said yesterday. At the commencement of the House of...
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