Economic Confidential

Marketers Ask FG to Remove Fuel Price Cap

Fuel marketers in the country have called for the removal of the cap on the pump price of fuel. They said that the N145 per litre ceiling was unsustainable in view of the falling value of the naira against the...

CBN Calls for Calm as PDP Blames Buhari for Recession

...Labour demands wage increase, prompt payment of salary As the economic recession bites harder, spelling acute hardship for Nigerians, the Central Bank of Nigeria (CBN) sunday sought to downplay rising worries over their wellbeing and asked the people to be...

Nigeria in Serious Crisis – UN Report

A report released by the United Nations says Nigeria is in a fix. It said the country had been deeply divided along ethnic, religious and regional lines. It painted a gloomy picture of the country’s economy, noting that most of the...

Lagos Pays N918m to 180 Retirees

The Lagos State Government has paid 180 retirees from its civil service, local governments, Universal Basic Education Board, teachers’ establishment and pension office and other parastatals pension entitlements worth N918.70m. A statement by the state pension office said the payment...

Banks Adopt ‘Survival’ Strategies on Frail Macro Environment

The tough macroeconomic environment is obviously taking its toll on commercial banks as well as other financial institutions with most of them adopting various strategies to remain afloat. The impact of the tough operating environment clearly manifested in the recently...

NCF Calls for Action on NiMET Flood Alert

The Nigerian Conservation Foundation has called for more concerted effort to reduce the impact of the imminent flooding as predicted by the Nigerian Meteorological Agency and the Nigerian Hydrological Services Agency. NiMET had indicated in the 2016 Annual Flood Outlook...
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