Economic Confidential

Operation Delta Safe Raids Militant Camp, Arrests 3 Niger Delta Avengers, Recovers Weaponry

Operatives of the Operation Delta Safe made a ground-breaking raid of a militant camp on Wednesday during which they arrested three suspected members of the Niger Delta Avengers, who were part of the group that attacked 343 troops located...

‘Shortage of Funds, Major Challenge for FSS 2020’

The Coordinator of the Financial System Strategy 2020, Mr Mohammed Suleiman, has said that limited funding for the programme, meant to make Nigeria a financial hub by 2020, was affecting its implementation. He also listed inadequate skills in the financial market,...

Nigeria’s Business Environment Unsupportive — Report

Sixty-nine per cent of manufacturing companies in Nigeria are of the view that the Nigerian business environment is unsupportive of their operations, a study conducted by the NOI Polls, in collaboration with the Centre for the Study of Economies...

Seven States, Fidelity, Others Raise N141bn Bond

Seven states of the federation including Plateau and Oyo raised a total of N60.95bn through the bond market in 2015, the Debt Management Office has said. It also disclosed in a report of its activities in 2015 that corporate organisations...

272 Firms Shut Down in one Year – MAN

Manufacturers and other private sector operators has painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank of Nigeria had affected operations in the business sector. They said that since the restriction order...

$2.3bn NNPC Funds: CBN bars 9 Banks from Forex Market

The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the nation’s foreign exchange market for failing to remit the sum of $2.334bn belonging to the Nigerian National Petroleum Corporation...
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