Economic Confidential

Dangote Plans N6tn Investment in Nigeria, Others

The Chairman, Dangote Group, Aliko Dangote, has revealed plans to increase his investments in the country and across the continent by injecting about N6.09tn ($20bn) into projects despite the current economic challenges. According to a statement by the group, Dangote...

I Can’t Predict When Recession’ll End –Finance Minister

The Minister of Finance, Mrs. Kemi Adeosun, has said that she cannot predict when the nation will get out of the current economic recession. She, however, said that some of the efforts of the government to reflate the economy had...

Naira Falls to 440 as Dollar Inflow Drops

The naira was sold at the parallel market for 440 per dollar on Sunday, as the lingering foreign exchange scarcity increased to a new level. The local currency, which closed at 436/dollar on Thursday, eased to 435 in the early...

FG, States, Others Meet on Economy, as NACOFED Opens in Ogun Tuesday

The National Council on Finance and Economic Development (NACOFED) 2016 Conference will be opened in Abeokuta, Ogun State on Tuesday to examine options available for government to improve its revenue streams especially in a period of low earnings from...

National Economic Council Rejects Call for Adeosun, Udoma’s Ouster

...Economic Mgt Team rolls out new measures including asset sales to revive economy ...N50bn disbursed to states under budget support facility ...Senators: Buhari’s rigid anti-corruption policy scaring investors, killing economy ...House asks FG to revisit policies, TSA, backs cabinet reshuffle The National Economic...

Naira Falls to N436/$ on Parallel Market as Dollar Scarcity Worsens

...Nigeria needs $15bn to stabilise, says Dangote  ...Lagos, Kaduna top list of most indebted states The naira fell to an all-time low of N436 to the dollar on the parallel market yesterday, as against N428 to the dollar from the previous...
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