The Manufacturers Association of Nigeria (MAN) has expressed concern over the current interest rate in Nigeria. MAN, at its annual media luncheon led by its president, Dr. Frank Jacobs Udemba, in Lagos, noted that one of its major focus for...

Justice John Tsoho of the Federal High Court sitting in Maitama, Abuja has given an order ceding control of the lucrative oil block, Oil Prospecting License, OPL 245, to the Federal Government pending investigation and prosecution of suspects in...

The Federal Government has so far recovered N15 billion and another $10.5 million US Dollar from looters, Attorney General of the Federation (AGF) and minister of Justice, Alhaji Abubakar Malami (SAN) said. Speaking when the Senate committee on judiciary, human...

The Central Bank of Nigeria has stated that no amount of criticism and blackmail from “self-centred individuals” would make it change its current flexible foreign exchange rate policy. The apex bank said this in a statement titled: ‘Nigeria’s current economic...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has unveiled two documents designed to push the boundaries of implementation of transparency and accountability in the extractive industries in Nigeria. In a statement made available to Economic Confidential by NEITI Director of...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has attributed the collapse being witnessed in the power sector to liquidity problems and vandalism of key facilities, among others. Fashola spoke at a press briefing at the end of...