Economic Confidential

Adesina Warns Nigeria, Others on Foreign Debt

The President, African Development Bank, Mr. Akinwumi Adesina, says huge capital is available in Africa. Adesina, therefore, urged the continent’s governments to boost tax revenue and steer clear of international borrowing as the region grappled with its worst economic slump...

NNPC to Provide CSR in FCT

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru has assured of the Corporation’s readiness to consider communities within the Federal Capital Territory in citing Corporate Social Responsibility (CSR) projects in the nearest future. Speaking...

PenCom Targets N2.3trn for Investment on Infrastructure by 2019

The National Pension Commission (PenCom) has said that it is targeting about N2.3 trillion representing 40 percent of the N5.8 trillion Pension fund assets on infrastructure development by 2019. The Pension regulatory body also said that out of the over...

SEC Clears NAHCO, Director of Alleged Governance Breach

The Securities & Exchange Commission (SEC) has cleared the Nigerian Aviation Handling Company (NAHCO) Plc and a director, Suleiman Yahyah, of allegations of corporate governance breaches. Documents received from a source in the Presidency indicated that SEC in response to...

High Grade Nickel Discovered in Nigeria

...FG evaluating new mineral discovery A private mining syndicate headed by Mr. Hugh Morgan, a mining industry veteran, has made a potentially “high grade” Nickel discovery in Nigeria, The Australian, an Australian national newspaper, has reported. According to the newspaper, the...

We’ve Spent over N4.5bn in North East — Dangote

The Dangote Foundation has spent over N4.5billion in the North-east as donations to ease the plight of Internally Displaced Persons (IDPs). This was disclosed by the president of the foundation, Aliko Dangote, at a press conference in Abuja. Dangote announced a...
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