Economic Confidential

IMF Says Dangote Refinery To Bail Nigeria Out Of Recession

IMF Says Dangote Refinery To Bail Nigeria Out Of Recession The International Monetary Fund (IMF) has projected that Dangote Refinery has the potential to rescue Nigeria from the current economic downturn as well as provide an elixir for the country’s...

Scarce forex, lack of maintenance Facilities Reasons for Abandoned Aircrafts

Scarce forex, lack of maintenance Facilities Reasons for Abandoned Aircrafts Aviation industry stakeholders have identified scarcity of foreign exchange, lack of maintenance facility and wrong aircraft usage as factors responsible for abandonment of aircraft by Nigerian airlines. The stakeholders spoke in...

Nigeria’s Oil exploration falls by 150%

Nigeria’s Oil exploration falls by 150% Nigeria’s oil exploration has dropped by 150 percent in the past year, as a result of delay in the passage of the nation’s Petroleum Industry Bill(PIB) into law. The PIB, currently before the National Assembly...

2030: Nigeria targets 30% electricity from renewable Energy

2030: Nigeria targets 30% electricity from renewable Energy Vice-President Yemi Osinbajo has said Nigeria plans to have 30 per cent of its electricity supply from renewables by 2030. In a statement by his Senior Special Assistant on Media and Publicity, Laolu...

NIN Compulsory for bank accounts, voter registration- Pantami

NIN Compulsory for bank accounts, voter registration- Pantami The National Identity Number is compulsory for the opening of bank accounts, voter registration, the and even for payment of taxes, Federal Government has declared. Minister of Communications and Digital Economy, Isa Pantami,...

Hajj Savings ‘il boost SMEs, financial discipline- Gov Badaru

Hajj Savings ‘il boost SMEs, financial discipline- Gov Badaru The newly introduced Hajj Savings Scheme by the National Hajj Commission of Nigeria (NAHCON) in collaboration with State Muslim Pilgrims Welfare Boards and Jaiz Bank Plc will boost access to finance...
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