Economic Confidential

Recession Bites Harder as Inflation Jumps to 17.1%

…As FG Projects better economic outlook for 2nd Half of 2016 Reports reaching Economic Confidential from the National Bureau of Statistics (NBS) indicates that Consumer Price Index (CPI) has risen to 17.1 per cent in July from 16.5 per cent...

Business and Human Rights Conference for Sub-Saharan Africa

"The corporate responsibility to respect human rights is a social responsibility over and above compliance with applicable laws‎." -John ‎Ruggie "Human rights are not only violated by terrorism‎, repression or assassination but also by unfair economic structures that creates huge...

2016 Budget: FG’s Earnings Short by 33% in Third Quarter

Federal Government’s revenue for the second quarter of this year stood at N677.88 billion, the figure is above the receipts in the preceding quarter by 34.2 per cent, but lowers than the quarterly budget estimate by 33 per cent....

Elumelu Tasks Nation’s Policy Makers on Poverty Reduction

The Chairman of Heirs Holdings and United Bank for Africa (UBA) Plc, Mr. Tony O. Elumelu, has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu who is also the Founder of The Tony Elumelu...

Zuckerberg: Facebook CEO in Nigeria, Excited About Technology Drive

Facebook’s Chief Executive Officer, Mark Zuckerberg, is currently in Nigeria to see how Facebook can better support technology development and entrepreneurship in the country and other African nations. The Facebook CEO visited a ‘Summer of Code Camp’ at the Co-Creation...

Naira Hits 418/dollar as Forex Scarcity Lingers

The naira plunged to 418 against the dollar at the parallel market on Tuesday as scarcity of foreign exchange continued to weigh on the official interbank and black market. The local currency, which closed at 414 against the greenback on...
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