Economic Confidential

FG Sues Turkish Airlines over Consumer Rights’ Violation

The Federal Government says it has taken Turkish Airlines to court for alleged impunity and violation of the rights of some Nigerian passengers. The Attorney General of the Federation and Minister of Justice, Abubakar Malami, filed a three-count charge against...

NNPC Lost N26.5bn in June – Report

The Nigeria National Petroleum Corporation (NNPC) has reported a loss of N26.51bn in its June 2016 operations, a month after it declared N274 million first profit in 15 years. The corporation’s latest monthly financial and operations report showed that out...

FG Undermining Domestic Airlines, Say Operators

The Airline Operators of Nigeria has said domestic carriers are being undermined by the government through lack of support for their operations. The Chairman, AON, Capt. Noggie Meggison, said in a statement that while foreign exchange was regularly being allocated...

Dangote Starts Construction of Concrete Roads in States

Dangote Industries Limited has announced the commencement of the construction of concrete roads in various states across the country, particularly in Lagos, Bauchi, Kogi, Kaduna and Ogun states. “We are very happy at the moment. We can categorically state that...

Lagos to Build 187,000 Houses Yearly

The Lagos State Government plans to build 187,000 housing units annually over the next five years to address the 2.5 million housing deficit, the Commissioner for Housing, Prince Gbolahan Lawal, has said. Lawal, who stated this during a courtesy visit...

FG Threatens to Shut Fertilizer Plants Over Diversion

The National Security Adviser (NSA) Babagana Monguno has said government would withdraw the operating licenses of fertilizer plants in Nigeria over alleged exports that have caused scarcity. He spoke in Abuja during a meeting with representatives of Notore Petrochemical and...
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