Economic Confidential

Fed Govt, Chinese firm sign $1.3b Zungeru hydro-electric contract

The Federal Government has signed the contract for the Zungeru Hydro-Electric Power Project, which will add 700 megawatts (MW) to the national grid, when the project is completed. The cost of the project is $1,293,573,013.08 and 75 per cent of...

Infrastructure Bank To Fund Lagos-Ibadan Expressway

There may be reason for users of the all-important Lagos-Ibadan Expressway as the initial completion scheduled date of four years have now been shortened to two and half years maximum. This is to be made possible by a recent...

Jonathan Runs Out of Patience With Banks

It would appear that President Goodluck Jonathan considers banks as being stumbling blocks to his determination to diversify the Nigerian economy and thus position it as one of the 20 largest in the world by 2020. There has been...

Unending Controversy Over Anti-Corruption Battles

Contentious former president Olusegun Obasanjo is once again up in arms against former Chairman of Economic and Financial Crimes Commission (EFCC) Farida Waziri and former Vice President Atiku Abubakar over issues bordering on issues of corruption and attempts to...

FIRS, MAN Partners on Integrated Tax System

In its move to commence the implementation of its Integrated Tax Administration Systems (ITAS) and the Government Integrated Financial Management Information System (GIFMIS) across the tiers of government, the Federal Inland Revenue Service (FIRS) has taken its campaigns to...

No Woman Among 21 Richest Nigerians!

The richest woman in Africa is Nigeria's Folorunsho Alakija with net worth of $600 million (N97 billion) according to Forbes but when the group recently released the list of 21 richest Nigerians, the oil and gas magnate could not...
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