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Banks to Close Branches as Recession Bites Hard

A number of Deposit Money Banks in the country will close many of what they described as unprofitable branches as the economic recession continues to bite harder, investigation by our correspondent has shown. It was similarly gathered that most of...

Nigeria’s Debt Rises by N4.17tn in One Year

The country’s debt profile has risen to N16.29tn, the Debt Management Office has said. Statistics obtained from the DMO  showed that the country’s total debt liability had risen to N16.29tn as of June 30, 2016. As of June 2015, the...

Investment Cuts Threatening Oil Supply – OPEC

The head of the OPEC oil cartel has warned that sharp cutbacks in investment by petroleum firms poses a threat for future supplies. Mohammed Barkindo said that after plunging by 26 percent last year, a further 22 percent drop in...

Ataba Sani-Omolori: Nurturing the National Assembly Bureaucracy

Barely a month ago, Mohammed Ataba Sani-Omolori, the blue-blooded bureaucrat, was elevated to the position of the Chief Accounting Officer, Principal Adviser and Clerk to the National Assembly (CNA). In the bureaucracy of the National Assembly for the past...

FG Releases N350 Billion to MDAs

…plans $1 billion loan for Capital projects The Federal Government plans to release the sum of N350 billion to Ministries, Departments and agencies (MDAs) for their capital projects in the next one week. Finance Minister, Mrs. Kemi Adeosun who spoke to...

NBS Begins Multiple Indicator Cluster Survey

The National Bureau of Statistics (NBS) has put in place plans to kick-start the Multiple Indicator Cluster Survey (MICS). In a statement signed by the Statistician General/CEO Mr. Yemi Kale and made available to Economic Confidential in Abuja, the MICS...
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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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