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Dangote plans $34.7bn fresh investment in economy

The President of Dangote Group, Alhaji Aliko Dangote, has said that the Group is poised to make an additional investment totaling $US 34.7 billion in the economy by 2017. He also said the cement arm of the group will commission...

Nigeria’s Sovereign Wealth Fund And Intergenerational Equity

On May 11, 2011 the Nigerian Senate approved the Nigeria Sovereign Investment Authority Bill, 2010, which sought to establish a sovereign wealth fund to manage excess profits from the country’s sale of crude oil. Before then, it had been...

We aim to unlock agricultural potential to drive economy — Akinwumi Adesina

Since men have learnt to shoot without missing, Eneke the bird has learnt to fly without perching. This seems to be the approach adopted by Nigeria’s urbane Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina to tackle head-on...

Restricting importation of foreign currencies

THE Central Bank of Nigeria (CBN) rose in stout defence of the value of the Naira last week as it expressly proscribed the importation of foreign currencies by banks. This definitive move came on the heels of the regulator’s...

Nigerians in Diaspora to remit $21bn in 2013 – World Bank

World Bank report released at the weekend has said remittances from Nigerians currently in the Diaspora are estimated to increase up to $21 billion (N3.28 trillion) for the 2013 fiscal year. The report reveals that Nigeria has a strong and...

NAHCO spends $70m on equipment, infrastructure

The Nigerian Aviation Handling Company (NAHCO) PLc said yesterday that it has invested over $70 million on equipment, infrastructure and training of its personnel in the last two years. The equipment were installed at the Murtala Mugammed Airport, Lagos and...
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Economic Confidential is a magazine published and produced by Image Merchant Promotion (IMPR) Limited, an Abuja-based Public Relations (PR) outfit with specialty in Media Relations, Crisis Communication, Social Media, Publishing, and Integrated Marketing Communication.

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