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CBN: Heritage Bank Not Distressed

The Central Bank of Nigeria (CBN) said Heritage Bank Plc is not currently in distress as being falsely insinuated by some online media. The central bank noted that there had been “false and malicious stories on the social media insinuating...

Foreign Investment in Equities Falls to Nine – Year Low

The foreign investment in Nigerian equities in the third quarter of 2016 fell to nine – year low as investors seek safety in less risky and high yielding fixed income securities. The capital importation data supplied by the Central Bank...

FG owes Oil Firms N2.6tn in Cash Calls

The cash call arrears owed oil companies by the Federal Government have swollen to over $8.5bn (N2.6tn), a development that has seen the government making moves to exit the Joint Venture cash call system. The Group Managing Director, Nigerian National...

NAC Disburses N13bn to Automotive Companies

Director General, National Automotive Design and Development Council (NADDC), Mr. Aminu Jagal disclosed that a total sum of N13 billion had so far been approved and disbursed to 32 companies under the Auto Development Fund scheme. He said a total...

TSA: Word Bank lauds FG over Remita usage

Senior Special Assistant to the President on Trade and Investment, Dr. Jumoke Oduwole, said the World Bank had commended the implementation of the Treasury Single Account (TSA) by the Federal Government through Remita. Oduwole said not only has Remita, the...

Stock Market begins on Negative tract

The equities market closed yesterday on a negative note, as the Nigerian Stock Exchange (NSE) All Share Index (ASI) and market capitalisation depreciated by 0.70 per cent each. At the close of business, there were 10 gainers and 22...
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Economic Confidential is a magazine published and produced by Image Merchant Promotion (IMPR) Limited, an Abuja-based Public Relations (PR) outfit with specialty in Media Relations, Crisis Communication, Social Media, Publishing, and Integrated Marketing Communication.

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