Economic Confidential

Senate Approves $1 billion Eurobond Sale as Investors Fret Over Oil, Forex Risk

Nigeria's Senate has approved the government's request to sell a $1 billion Eurobond to help the country finance its budget deficit, senate spokesman said. Nigeria is suffering its first recession in 25 years and needs to find money to make...

Senate to Amaechi: You Lied to Nigerians

The Senate has called on the Minister of Transport, Rotimi Amaechi to immediately withdraw his comment that the senate was delaying infrastructure development. In a statement signed by the Senate’s spokesperson, Sen, Aliyu Sabi, the senate said it was not...

2018 Census: NPC to Spend N60bn on ICT

The chairman of National Population Commission (NPC) Chief Eze Duruihuoma has disclosed that the Commission plans to spend about N60billion in building a robust Information and Communication Technology (ICT) infrastructure for the 2018 census and other activities of the...

Osinbajo to Protesters: We Hear You Loud and Clear

Acting President Yemi Osinbajo has told Nigerians protesting against the hardship in the land that the Federal Government hears them loud and clear. Osinbajo was speaking at the Banquet Hall of the Aso Rock Presidential Villa in Abuja while declaring...

Osinbajo: We’re in Serious Economic Situation

Acting President Yemi Osinbajo has declared that the country is in a serious economic situation. He was speaking at the Old Banquet Hall of the Aso Rock Presidential Villa in Abuja while declaring open, the Agenda for Consultative Forum on...

Naira Hits 500/dollar, Faces Further Decline

The naira has depreciated further against the United States dollar at the parallel market to 500, from 498. The development came barely one week after the naira touched 500/dollar briefly and returned to 498/dollar. The local currency had been stable against...
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