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PENGASSAN Rejects NLNG Act Amendment

Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria have said that the proposed plan by the National Assembly to amend the Nigeria Liquefied Natural Gas (Fiscal Incentives, Guarantees and Assurances) Act...

In Search for Single, Viable Exchange Rate Regime

The Central Bank of Nigeria, CBN, in June 2016 formally unveiled the much-awaited flexible foreign exchange policy that would allow the foreign exchange interbank trading window to be driven purely by market forces. The policy was designed to effectively remove...

NNPC Says Suleja Depot Fire Incident will not Affect Supply of Petroleum Products

The Nigerian National Petroleum Corporation, NNPC, has assured motorists and other consumers of petroleum products in the Federal Capital Territory, FCT, Niger and Nassarawa states and other parts of the Country that the fire incident which affected a truck...

China Exim Bank Approves N408bn for Lagos-Ibadan Rail Project

About a week after the Federal Government announced the release of N72bn as its counterpart fund for the construction of the Lagos-Ibadan standard gauge rail line, the Export-Import Bank of China has approved $1.275bn (about N408bn) loan for the...

External Reserves Rise by 12% in Three Weeks

The country’s external reserves increased by 12 per cent within a period of three weeks, it has been learnt. The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, had said the country’s external reserves had hit $28.9bn. This means...

2016 Budget: Only Capital Votes Rolls Over- FG

The Director General, Budget Office of the Federation, Mr. Ben Akabueze, has said that the organisation would soon introduce an ‘Organic Budget Law’ that would prescribe exact budget cycle time frame from presentation to implementation. He also said that the...
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Economic Confidential is a magazine published and produced by Image Merchant Promotion (IMPR) Limited, an Abuja-based Public Relations (PR) outfit with specialty in Media Relations, Crisis Communication, Social Media, Publishing, and Integrated Marketing Communication.

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