Economic Confidential

I Didn’t Aid MTN to Transfer $13.9bn – Enelamah

The Minister of Industry, Trade and Investment Dr. Okechukwu Enelamah, has denied involvement in any illegal transfer of funds out of Nigeria by MTN. The minister said in a statement signed by the Director of Press, Federal Ministry of Industry,...

‘Lagos Consumes N1.6bn Worth of Cattle Daily’

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has said about 8,000 cattle and small ruminants valued at N1.6bn were being consumed in Lagos State daily. The Managing Director, NIRSAL, Mr. Aliyu Abdulhameed, stated this at a programme to...

NNPC To Complete ELPS2 Project in Q4 2016

...As Dr. Baru Calls on Marketers to Sell Kerosene at N150 per litre The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to complete the ongoing Escravos to Lagos Pipeline System 2 (ELPS2) project in the fourth quarter of...

OPEC Agrees Landmark Deal to Cut Oil Production

…Once again Kachikwu’s International Diplomacy Yields Dividends as oil prices surge After about forty eight (48) hours of a grueling meeting of the Organization of Petroleum Exporting Countries held in Algeria, OPEC in Algiers, the oil cartel agreed to a...

Awolowo: NIMASA’s Delay in Remitting N300m Freight Duties Impinges on Export Grants

...Non-oil exports drops by 40% The Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo has lamented the inability of the Nigerian Maritime Administration and Safety Agency (NIMASA) to release the 10 percent levies on freights collection to...

Nigeria Should be Worried About debt Servicing – W’Bank

Nigeria should be worried about the percentage of its revenue that goes into servicing of debts rather than the size of the debts, the World Bank has said. The World Bank Lead Economist for Nigeria, Mr. Khwima Nthara, said this...
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