Economic Confidential

Shell Shuts 180,000-bpd Oil Pipeline, Exports Threatened

The nation’s crude oil exports have suffered another setback with the shutdown of the Trans Niger Pipeline, which carries Bonny Light crude, as a precautionary measure after a fire was seen, a spokesman for Shell Petroleum Development Company of...

NIMASA DG Canvasses Readiness Against Oil Spill

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said described preparedness and core training as the panacea for handling oil spills in the maritime environment. The Director General said this while addressing...

Bafarawa to Buhari: Prosecute Economic Crimes Committed by APC Members

Former Governor of Sokoto State and Garkuwan Sokoto, Alhaji (Dr.) Attahiru Bafawara has descended heavily on President Muhammadu Buhari on the anti-corruption stance of his administration. The former Governor, in an open letter to President Buhari, a copy of which...

800 Ghost Accounts Discovered on FG Pension Payroll – PTAD

Over 800 illegal ghost accounts used to siphon pension funds were uncovered by the Pension Transitional Arrangement Directorate (PTAD, the acting Director General Mr. Murtala Musa Oluwatoyin has said. Mr. Oluwatoyin disclosed this at the weekend in a chat with...

FX Scarcity Heightens Concern over Banks’ Eurobond Obligations

The broad effects of low oil prices and production disruptions, which have resulted in a significant reduction of foreign exchange earnings, have raised concerns about some banks’ ability to honour their Eurobond obligations upon maturity. Some of the offshore funds...

Buhari Inherited N1.5tn Debt on Road Contracts – Fashola

The administration of President Muhammadu Buhari inherited road contractual liabilities worth N1.5tn, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said. This was made available in a  statement by the Special Adviser, Communications to the Minister, Mr....
spot_img

latest articles