Economic Confidential

House Probes NCAA’s Purchase of Armoured Cars for Oduah

•Minister’s ties with presidency impedes EFCC investigation By Onwuka Nzeshi, Reuben Buhari and Dele Ogbodo  and Chinedu Eze The House of Representatives Tuesday ordered an investigation into the controversial purchase of two armoured BMW 760 Li cars by the Nigeria Civil Aviation...

$9b Refinery Project: Dangote Seeks Support Of Stakeholders

After successfully mobilising funds for his $9 billion investment in refining and petrochemical sub-sector of the petroleum industry, President of Dangote Group, Aliko Dangote, has declared that only an enabling environment provided by all stakeholders in the industry remains...

Naira Firms up on Moderate Dollar Demand

The naira firmed against the United States dollar at both the bureaux de change (BDC) and parallel market segments Monday as a result of moderate demand for the greenback. The nation’s currency maintained its worth at the BDC and parallel...

Sanusi: Printing Higher Denomination Notes Make Economic Sense When a Currency Loses Value

The Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, took some time off to field questions from journalists on the sidelines of the just-concluded 2013 IMF/World Bank meetings in Washington DC, United States. The THISDAY team comprising...

Banks’ Reserves with CBN Hit N3.176 Trillion

The total amount of deposit money banks’ (DMBs’) reserves with the Central Bank of Nigeria (CBN) further increased significantly to N3.176 trillion in September 2013. The latest CBN money and credit statistics for September showed that the amount represented an...

On the Important Matter of the National Conference

Introduction The age-old campaign for convoking a Popular National Conference in Nigeria subject to the sovereign will of the Nigerian people (shorthand name: Sovereign National Conference SNC) has now gained tremendous impetus following President Goodluck Ebele Jonathan’s setting up, in...
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