Economic Confidential

Your Judgement was in Error, NDIC tells Investment Tribunal

Your Judgement was in Error, NDIC tells Investment Tribunal. The Nigeria Deposit Insurance Corporation(NDIC) has said that the decision of the Investments and Securities Tribunal(IST) in case NO. IST/OA/03/19 between Winners Medical Diagonostics ltd and Ecobank was in error as...

Tolls Return Imminent as 12 highways set for concession

Tolls Return Imminent as 12 highways set for concession The Federal Government will this Friday receive the Outline Business Case Certificate of Compliance for 12 pilot federal highways billed for concession. The concession of the roads may also signify the return...

Air Peace Takes Delivery of new aircraft, plans 8,000 jobs

Air Peace Takes Delivery of new aircraft, plans 8,000 jobs The Chairman of Air Peace, Allen Onyema is eyeing employment opportunities for 8,000 Nigerians following the delivery of the first Embraer E195-E2 out of the 13 ordered by the airline. Speaking...

Nigeria redeems 10-year $500m Eurobond

Nigeria redeems 10-year $500m Eurobond Nigeria’s apex debt manager, the Debt Management Office (DMO) has announced plans to redeem 6.75 percent $500 million Eurobond which matured within the week. In a statement , DMO said the federal government has already provided...

In 6 years, Nigeria earns N14.45tr Non-Oil Revenue

In 6 years, Nigeria earns N14.45tr Non-Oil Revenue The National Bureau of Statistics (NBS) has declared that the federal government generated N14.45 trillion from non-oil economic activities in the last six years. Figures and data obtained from its official website on...

NNPC Records 92% Increase in Product Sales for October

NNPC Records 92% Increase in Product Sales for October …Increases Gas Supply to Power Plants by 8.60% The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion...
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