Economic Confidential

Four World Bank Officials Drown In Ekiti

Four World Bank officials had been reportedly drowned at Egbe Dam in Egbe Ekiti, Gbonyin Local Government Area of Ekiti State. Egbe Dam is the biggest of the six dams in the state. Folasade Akinrinmola, the Chairman of the council, and...

NEXIM Bank Seeks Collaboration with Bauchi Govt in Boosting Export-Oriented Investments in Non-Oil Sectors

The Acting Managing Director and CEO of Nigeria Export Import Bank (NEXIM) Mr. Bashir M. Wali, has called on the Bauchi State Government to collaborate with it towards boosting export-oriented investments in agro-processing, solid minerals and solid minerals, especially...

Sanusi: Buhari’ll End Up Like Jonathan If…

The Emir of Kano Muhammadu Sunusi II, has warned President Muhammadu Buhari against making the same mistakes of the government of former President Goodluck Jonathan. Speaking at the 15th Joint Planning Board (JPB) and National Council on Development Planning organised...

Ngige Urges ICT Companies to Support Agriculture, Mining

Ngige made the call at a recent meeting with the Abuja Managing Director of Huawei Technologies, Mr. Tank Liteng, and other employees and stakeholders of the company. He said: “We urge you to support the diversification efforts of the Federal...

Poor Transmission: Power Distribution Firms Forfeit N1bn Monthly

Power distribution companies have said they are currently losing over N1bn every month as a result of limited electricity evacuation capacity of the Transmission Company of Nigeria. According to the Discos, the poor transmission infrastructure in Nigeria is a major...

Naira Tumbles to 402 on Dollar Scarcity

The naira tumbled to 402 at the parallel market on Wednesday, a day after the Central Bank of Nigeria banned nine banks from the foreign exchange market over their failure to remit $2.334bn to the Federal Government’s Treasury Single...
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