Economic Confidential

Brentonwoods MD Docked for N58m Capital market Fraud

Brentonwoods MD Docked for N58m Capital market Fraud The Managing Director of Brentonwoods Limited, Mr. Samuel Adebanjo and his company have been charged  for fraud and brought before Honourable Justice M.s. Hassan of the Federal High Court 12, Ikoyi Lagos...

Nigeria records 57.1 PMI points in February-CBN

Nigeria records 57.1 PMI points in February-CBN The Central Bank of Nigeria (CBN), said the Manufacturing Purchasing Managers’ Index (PMI) stood at 57.1 index points as at February, indicating an expansion in the manufacturing sector for 23 consecutive months. The CBN...

Dangote Cement Records N390.3b Profit in 2018

Dangote Cement Records N390.3b Profit in 2018 Dangote Cement has posted a Profit After Tax (PAT) of N390.32 billion in its 2018 operations, against N204.25 billion achieved in the corresponding period in 2017. Besides, the firm has maintained its dominance of...

Senate Queries Planned Diversion of N14.3bn NEPZA fund

Senate Queries Planned Diversion of N14.3bn NEPZA fund The Senate Committee on Trade and Investment has queried the planned diversion of N14.37 billion meant for Nigeria Export Processing Zones Authority (NEPZA) to the Nigeria Special Economic Zone Investment Company Limited...

Salaries and Wages Commission raises alarm over circulation of fake circular

Salaries and Wages Commission raises alarm over circulation of fake circular The Executive Chairman National Salaries Incomes and Wages Commission, (NSIWC) High Chief Richard Onwuka Egbule says the Commission has not issued any circular to revise the supplementary allowance payable...

Exports of Nigeria Crude Oil Grades Set To Rise

Exports of Nigeria Crude Oil Grades Set To Rise Exports of two Nigerian crude oil grades, Qua Iboe and Bonny Light, are set to rise in March. April loading programmes for several Nigerian grades emerged late last week, according to Reuters. Exports...
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