Economic Confidential

Ikeja Electric Fast-tracks Response to Customer complaints

Ikeja Electric Plc said it had launched an online service to enable customers to engage with trained customer service representatives on a real-time basis. The company said in a statement that the move was in line with its commitment to...

T-Bills: CBN to Borrow N952bn in Three Months

The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to December 1, 2016. In its latest TBs issuance calendar, the CBN said it would sell N264.47bn...

ECOWAS Commission, TEF Seal Pact on MSMEs Financing

The ECOWAS Commission and the Tony Elumelu Foundation have entered into an agreement to support Micro, Small and Medium Enterprises in the areas of financing, best practices, capacity building and access to regional and international markets. The Memorandum of Understanding...

Sacked Mobil Workers Demand N11.4bn Terminal Benefits

Former workers of Mobil Producing Nigeria have asked the management of the company to pay them N11.4bn as their terminal benefits. It was learnt that over 1,444 affected people were engaged as service contract workers by the company and later...

No Poisonous Rice in Nigeria – FG

The National Biosafety Management Agency has described as untrue claims that there were genetically modified rice in the Nigerian market. It said those making the insinuations that the country had been flooded with ‘poisonous’ rice were mischief makers. The Director-General, NBMA,...

KPMG Head Leads Team to Improve Nigeria’s Business Ranking

Vice-President Yemi Osinbajo says as part of efforts to improve the ease of doing business in the country, President Muhammadu Buhari has appointed the head of professional services firm, KPMG, to lead a team of other private sector individuals...
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