Economic Confidential

State Of Emergency: NEMA Distributes Relief Materials In Adamawa, Borno, Yobe

The National Emergency Management Agency (NEMA) said it  distributed relief materials in parts of Borno, Adamawa and Yobe to cushion the effect of the State of Emergency imposed on the states. The North-East Coordinator of the agency, Alhaji Mohammed Kanar,...

CBN, NDIC takeover NERFUND over N5.7b loss

The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) have taken over the management of the National Economic Reconstruction Fund (NERFUND) after a N5.7 billion loss incurred by the firm. But a source claimed at the...

Govt, Oil Earning And The Economy

THE remarkables note about the under-implementation of the 2013 Budget is that it follows a three decades-long pattern. Government has adopted fiscal consolidation policy despite the longstanding high unemployment rate and poverty incidence of over 70 per cent. It...

‘Investment in human capacity development, surest way to maritime industry growth’

 The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that its decision to invest heavily in human capital development was borne out of its conviction that such investment is the surest way to the growth and development of...

Manufacturing exporters get N12bn NEXIM funding

Nigerian Export-Import Bank (NEXIM) has stated that it has provided N12 billion in lending to Nigerian export manufacturers, many of who put the “Proudly Nigerian” label on their products in the West African sub-regional market and globally. The bank also...

Dangote To Overtake FG As Biggest Employer Of Labour

With a plan to create 750,000 jobs in the next five years and thereafter raise it to one million,  Dangote Group will overtake the federal government as the biggest employer of labour in Nigeria. The conglomerate owned by Alhaji Aliko...
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