Economic Confidential

Senate, FG Bicker Over CAC Board Appointment, Budget

The Minister of Trade and Investment, Dr. Olusegun Aganga, and the Senate Committee on Trade  yesterday, differed on legislative moves to amend the Company and Allied Matters Act (CAMA) C20, 2004, which would  see the reduction of the powers...

FG, states, LGs share N1.19tr August, September allocations

The Federation Account Allocation Committee (FAAC) yesterday approved and disbursed a whopping N1.196 trillion to the three tiers of government for the months of August and September. According to the spread sheet made available to journalists at the end of...

KNSG Awards N14.2 Billion Ipp Contract

Kano state Executive Council presided over by Governor Rabi’u Musa Kwankwaso has approved execution of Tiga dam and Challawa Gorge Hydroelectricity Projects at the total cost of N14, 228, 852, 600. The two projects will be jointly financed by the...

Global Recognition For Nigeria Mdgs Efforts

World leaders at the just concluded United Nations General Assembly renews their efforts toward alleviating the plight of the poor in the society as Nigeria receives a thumbs up for her unflinching commitment. The side event held at the on-going...

All-Share Index Hits 2-month High on Q3 Results

The Nigerian Stock Exchange (NSE) All-Share Index rose to a two-month high Wednesday, as investors’ expectation for impressive third quarter (Q3) results of companies in 2013 continued to define the direction of the equities market. High demand pushed the ASI...

Naira Depreciates as Dollar Liquidity Thins Out

The naira depreciated against the United States dollar at the interbank market Wednesday as importers started to lock-in their hard currency needs at favourable rates. The nation’s currency closed at N160.26 to a dollar yesterday, compared to the N159.90 to...
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