Economic Confidential

NLNG Raises Govt Revenue by $26bn in Five Years

The Nigeria LNG Limited says it has contributed more than $26bn to government revenue in the last five years. The Managing Director of the company, Mr. Tony Attah, disclosed this in Abuja when he met with the Minister of Information...

CBN Moves to Sanction Banks Over Power Intervention Fund

The Central Bank of Nigeria has unveiled sanctions grid to Deposit Money Banks participating in the disbursement of the N213bn Nigeria Electricity Market Stabilisation Facility, popularly called power sector intervention fund. The sanctions were contained in a five-page circular posted...

2017 Budget:FG Proposes Another N500bn for Social Intervention

The Federal Government said it would again set aside the sum of N500bn in the 2017 budget for its social intervention programme. The amount when added to the N500bn earlier approved for the same purpose this year would bring the...

Marketers Seek N165 Petrol Price, FG Says No

Petroleum product marketers have demanded an upward review in the pump price of the Premium Motor Spirit (also known as petrol). This, they said, would make importation of the product profitable. They said the free fall of the naira against the...

Nigeria, ECOWAS Parliament Strengthen Ties

The Clerk to National Assembly, Alhaji Mohammed Ataba Sani-Omolori has promised a harmonious working relationship with parliaments across the West African region and beyond for the good of democracy and Nigeria in particular. In a statement signed by his...

Economic Recession: Between Despair and Optimism

For better, for worse, we are in interesting (economic) times in Nigeria! Since the published Quarterly macroeconomic Accounts (QNA) of National Bureau of Statistics (NBS) last week the bagful of economic star-words can lead to recovery assuming it’s all...
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