Economic Confidential

We’ve Paid N700bn for Road Projects – FG

The Federal Government has paid about N700bn out of the N2.1tn liabilities for the construction of 206 road projects across the country, the Minister of Power, Works and Housing, Babatunde Fashola, has said. Although the minister was not specific if...

FG Begins Review of Tax Policy

The Federal Government has inaugurated a committee on the review an update of the national tax policy document as part of efforts to increase the non-oil revenue in the country. Speaking at the inauguration ceremony in Abuja, Minister of Finance,...

NNPC Boss Restates Commitment to Growth, Profitability

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Kacalla Baru says NNPC under his watch will continue with the previous initiatives to further grow the business and increase profitability as envisioned by the founders...

Lagos Pays N16.33bn Retirees in 12 Months

The Lagos State Government said it paid N16.33bn to 3,924 retirees as accrued pension rights through the Lagos State Pension Commission from August 2015 to July this year. The Director-General, LASPEC, Mrs. Folashade Onanuga, disclosed this while speaking at the...

CBN Grants Forbearance to Banks to Write-off 2016 NPLs

...Limits access to discount window, pegs dollar sales to BDCs at $30,000 weekly ...Extends deadline for BVN registration for diaspora customers In view of the current macro-economic challenges in the country, the Central Bank of Nigeria (CBN) has granted a one-off...

NNPC GMD: No Plan to Increase Fuel Price

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said there is no plan to increase the price of petrol. Baru, who reluctantly answered only one question from the State House correspondents after he...
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