Economic Confidential

Good Security Requires Planning” Dr. Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that ensuring a good security in the maritime industry requires careful planning and stringent implementation. The DG stated this during the closing ceremony...

Dangote to Invest $170m in Rice, Sugar Production in Nasarawa

The Dangote Group of Company, in Lafia, says it will invest more than $170m in rice and sugarcane production in Nasarawa State. The President of Dangote, Aliko Dangote, disclosed this when he embarked on a working visit to the state...

FG to Sanction Heads of Agencies over Abuse of Procurement Act

...Insists contracts, projects should only be advertised in national dailies, tenders board The federal government has said it would henceforth sanction any chief executive or director general heading government departments, agencies or parastatals over the abuse of the Public Procurement...

JTF Busts Illegal Oil Bunkering Syndicate, Seizes Fuel Products Estimated At Over N52 Milion In Delta

Operatives of Sector One of the Joint Task Force code-named Operation Delta State, Effurun, Delta State, has busted an illegal oil bunkering syndicate and seized 310,000 litres of illegally refined diesel estimated at over N52.5 million. Twelve suspects were arrested...

After Grim Economic Data, Buhari Appeals for Patience, Promises Real Change

...President not practising voodoo economics, says APC, blames PDP administrations ...Makarfi advocates economic team to salvage the country Following the grim economic data released on Wednesday by the National Bureau of Statistics (NBS) confirming Nigeria’s slide into recession, rising inflation, unemployment...

Stock Market Grows by N282bn as Economy Recedes

The Nigerian Stock Exchange’s market capitalisation recorded a growth of N282bn at the close of trading on Thursday, one day into the country’s economic recession. A total of 25 stocks appreciated in price, while 13 recorded price declines. The NSE market...
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