Economic Confidential

12 People Who Control Nigeria’s Economy

About 12 Nigerians currently control one-eighth (1/8) of the country’s gross domestic product (GDP), a survey conducted by LEADERSHIP Weekend has revealed.  In the same way, the 10 most capitalised companies listed on the Nigerian Stock Exchange (NSE) make...

Court fixes March 21 for hearing of CBN Governor, Sanusi’s suit

Sanusi filed for restraining order against police, SSS. A Federal High Court in Lagos on Friday fixed March 21 to hear a motion filed by the suspended Governor of Central Bank of Nigeria, CBN, Lamido Sanusi, seeking enforcement of his...

Suspension: Court refuses Sanusi’s ex parte motion

Hope of early return to office by the suspended Governor of Central Bank of Nigeria, Mallam Lamido Sanusi, was dashed on Wednesday when an Abuja Federal High Court refused an ex parte motion he filed in a bid to...

NEITI: NNPC yet to remit $22.8b

LAWMAKERS were stunned yesterday to learn that $22.8 billion oil proceeds did not reflect in the books of the Nigeria National Petroleum Corporation (NNPC). The Nigeria Extractive Industries Transparency Initiative (NEITI) made the disclosure at the Hon. Muraina Ajibola- headed...

Relief As Funds Roll In For Lagos-Ibadan Expressway, 2nd Niger Bridge

Hardships faced by motorists plying the Lagos-Ibadan Expressway and those crossing the River Niger may soon abate as the Nigeria Sovereign Investment Authority (NSIA) this afternoon announced that it has concluded funding arrangements for the two projects. This assurance came...

Nigeria spends N125bn annually on fish importation – FG

The country spends about N125.38bn every year on the importation of 1.9 million metric tonnes on fish, the Federal Government has said. Speaking at a stakeholders’ interactive session on repositioning the fishery industry in Abuja, the Minister of Agriculture and...
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