Economic Confidential

Nigeria Can Generate N71bn From Cashew Export Yearly

Nigeria Can Generate N71bn From Cashew Export Yearly Nigeria has the potential of generating well over $198,000,000 (N71bn) annually from cashew nuts export. This revelation was made yesterday at the one-day National Cashew Stakeholders/Export Summit organised by the LEADERSHIP Newspapers...

Nigerian Equities Shed Weight by N41bn

Nigerian Equities Shed Weight by N41bn Trading activities on the floor of the Nigerian Stock Exchange has continued to witnessed another decline in share prices as bears sustained their grip for the fourth trading session following profit taking by investors. The...

NCC Slams N2.9Bn Fines on Telcos for Breaches

NCC Slams N2.9Bn Fines on Telcos for Breaches Nigerian Communications Commission (NCC) has wielded the big hammer of N2.9 billion on the four major telecommunications companies in the country for flouting the directives on automatic data renewal, unsolicited messages. The telecommunication...

Senate probes NNPC over $396m spent on Refineries’ maintenance

Senate probes NNPC over $396m spent on Refineries' maintenance The Nigerian Senate has resolved to probe the Nigerian National Petroleum Corporation (NNPC) over the sum of $396 million expended on Turn-Around Maintenance of refineries in the country between 2013 and...

Obiora Scales Senate hurdle, Confirmed CBN DG

Obiora Scales Senate hurdle, Confirmed CBN DG The Senate on Thursday, January 30, 2020, confirmed the appointment of Dr. Kingsley Obiora as a Deputy Governor of the Central Bank of Nigeria (CBN), following the adoption of the report of the...

Freight forwarders to earn N5bn from new fees

Freight forwarders to earn N5bn from new fees The Council for Freight Forwarding in Nigeria has declared that the implementation of the Practitioners Operation Fee will fetch annual revenue of N5bn. The Registrar and Chief Executive Officer, CRFFN, Nwakohu Samuel, disclosed...
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