Economic Confidential

Mobile Internet subscription grows by 22 million

Internet subscription through the Global System for Mobile Communication networks leapt by 22.07 million to reach 50.41 million between August 2012 and July 2013, the Nigerian Communications Commission has said. Statistics published by the regulatory agency on its website showed...

Nigeria Wins UN Security Council Seat

Nigeria yesterday defeated Gambia and Senegal in a keenly contested election for West Africa’s slot of the United Nations Security Council. Nigeria defeated her major contestants, Gambia and Senegal, that had earlier agreed to stand down, with 186 votes to...

FG Unlocks N3bn for Micro-enterprises in 9 Months

The federal government has unlocked N3 billion, through the National Enterprise Development Programme (NEDEP), for micro enterprises across all the states of the federation from January to September 2013. The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said...

Fed Govt earns N6.6tr in eight months, says CBN report

• August earnings dip to N760b Federal Government’s total gross revenue for eight months ended August stood at N6.61 trillion, the Central Bank of Nigeria (CBN) monthly Economic Report released yesterday has shown. The figure which covers January to August reflects...

DMO pegs Fed Govt’s borrowing in 2014 at N1.24 tr

The Debt Management Office (DMO) has ruled that the maximum amount that could be borrowed in 2014 is N1,249.52 trillion or US$7.834 billion (domestic and external) by the federal government. This decision was taken by the DMO because by the...

Counting the cost of Boko Haram crisis

In the fight against the Boko Haram sect, much has been heard about the casualty figures in men and material without commensurate information on expenditure on the war effort and its consequences. The piecex-rays the spendingson insecurity with findings...
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