Economic Confidential

Suspected Militants Kill Soldiers, Seize Military Ammunition, Gunboats in Bayelsa

Suspected militants yesterday ambushed a location of the Joint Task Force (JTF), Operation Delta Safe (ODS), in Nembe city, Nembe Local Government Area, Bayelsa State, killing three soldiers and carting away several arms and ammunition belonging to the security...

Banks Deploy 28% of Required ATMs only – Agency

The Nigeria Inter-Bank Settlement Scheme (NIBSS), revealed that deployment of automated teller machines (ATMs) by commercial banks in the country is currently in deficit of 72.33 per cent. The NIBSS, in its latest industry report, said that the ATMs installed...

Oil Rises 3% on Fresh Calls for Production Freeze

Oil prices jumped as much as 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries that had sent the market to three-month low last week. International benchmark Brent futures were trading at...

80% of 3,600 Nigerian Women Enter Italy for Prostitution — UN

The United Nations’ International Organization for Migration (IOM) has said that about 3,600 Nigerian women arrived Italy by boat in the first half of 2016, almost double the figure in the same period last year. More than 80% of these...

Molai Power Station to be Ready Soon, Fashola Says

The Minister of Power, Works and Housing, Babatunde Fashola (SAN)  in Maiduguri has assured that the 330MWA sub-line power project in Molai will be completed before the end this year. The minister spoke at the opening of 8th monthly meeting...

Explosives: Govt Appoints Mines Officers for States, Zones

Following the announcement of the of diversion of explosives to militants operating in the Niger Delta region, the Federal Government has named about 43 mines officers to be deployed in the 36 states of the federation and the Federal...
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