Economic Confidential

EFCC Finds $9.2m in ex-NNPC GMD Home

Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), has told a committee of the House of Representatives that $9.2 million and 750,000 pounds were recovered from a residence in Kaduna state, belonging to the former...

Jaiz Bank Lists N29.4bn on Stock Market

Jaiz Bank has added N36 billion to the total market capitalisation of the Nigerian Stock Exchange ( NSE) following the official listing of its ordinary shares of N29.4 billion of 50kobo each at N1.25. Speaking at the ‘Facts behind the...

N300bn Debt: AMCON Takes Over Arik Air as EFCC Grills Arumemi-Ikhide

The Federal Government, through the Asset Management Corporation of Nigeria, took over the operations of the nation’s biggest carrier, Arik Air, and appointed Capt. Roy Ukpebo Ilegbodu as its new manager. It was gathered that the beleaguered airline was indebted...

FG Adopts Measures to Reduce Food Prices

The Federal Government has adopted some measures to reduce the price of food items in the country. Minister of Agriculture, Chief Audu Ogbeh, disclosed this yesterday while addressing State House correspondents at the end of the Federal Executive Council,...

Saraki: I Spoke With Buhari, He is Fine

The President of the Senate Dr. Abubakar Bukola Saraki has confirmed that President Muhammadu Buhari is healthy and in high spirits. Saraki who too to his tweeter handle @bukolasaraki to give the confirmation said that he spoke with the President...

Petrol sells for N155 per litre in Auchi

The price of petrol has gone up from the official pump price of N145 per litre to between N150 and N155 in Auchi, Etsako West Local Government Area of Edo. A News Agency of Nigeria (NAN) correspondent who observed the...
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