Economic Confidential

NNPC Has 36-Day Petrol Sufficiency -Baru

The Nigerian National Petroleum Corporation (NNPC) has a 36-day sufficiency of petrol, enough to wet the country, its Group General Manager, Dr Maikanti Baru, has said. Speaking during a courtesy visit by the management of the New Telegraph newspaper in...

Aviation Sector Lost $2 Billion Investment in Two Years

THISDAY investigations have revealed that the aviation industry in 2015 and 2016 lost over $2 billion investment from international financiers who wanted a stake in Nigeria air transport sector due to the prevailing economic downturn. Considering the huge potential market...

FG Earmarks Over N30bn for Housing Programme for Civil Servants

The Federal Government, said it has already committed over N30 billion for the execution of affordable houses for civil servants under the Federal Integrated Staff Housing, FISH, programme. Head of the Civil service of the Federation, Mrs. Winifred Oyo-Ita, made...

Fuel Queues Return to Lagos, NNPC Allays Scarcity Fear

There was fear of a fresh round of fuel scarcity as many filling stations in parts of Lagos and Ogun states did not sell Premium Motor Spirit, popularly known as petrol, to motorists as they had run out of...

Dogara: Why Illegal Refineries Thrive in Nigeria

Speaker of the House of Representatives Yakubu Dogara has said that illegal refineries in Nigeria thrive because of certain malfeasances in the society. Speaking while declaring open an investigative hearing of the ad hoc committee on the Joint Task Force...

Quality Assurance Critical to Economic Development – SON DG

The Director-General, Standards Organisation of Nigeria, Mr. Osita Aboloma, has described quality assurance as a critical element for the growth of any nation. A statement from the agency said Aboloma made the submission during an interactive session with freight forwarders...
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