Economic Confidential

FG Considers Tax Holiday Extension for Power Sector Investors

...Seeks Support for ‘Green Bonds’ Projects There are strong indications that the federal government is considering granting further tax holiday to investors in the power sector in its bid to help stimulate investment in the sector. A top government source told...

Reps Issue Ultimatum Over N6trn Oil Proceeds

A House of Representatives ad-hoc panel has issued two weeks ultimatum to the Attorney General of the Federation, Abubakar Malami (SAN) and the Economic and Financial Crimes Commission (EFCC) to submit documents on the N6trillion undeclared proceeds of oil...

MPC Meets Today, to Discuss Inflation, Exchange Rate

The Central Bank of Nigeria’s Monetary Policy Committee will hold its first meeting for the year today and Tuesday to review developments in the economy and probably set a new direction for growth this year. The 11 members of the MPC...

Naira to Remain Below 500/Dollar This Week —Experts

Currency retailers and experts have said the naira will trade slightly below 500 per United States dollar this week despite the commencement of the sale of foreign exchange to Bureau De Change operators by the Central Bank of Nigeria...

Nigeria Spent N2.59tr on Fuel Imports in 2016 -NBS

Nigeria spent N2.596 trillion to import 24.4 billion litres of petroleum products consumed in the country last year, a report released by the National Bureau of Statistics (NBS) has shown. Analysis of the NBS petroleum products imports statistics for the...

NNPC JV, West African Gas Ltd (WAGL), Takes Delivery of Two LPG Carriers

To ensure stability in the supply of Liquefied Petroleum Gas (LPG), popularly known as domestic cooking gas, the West African Gas Ltd (WAGL), a joint venture company of the Nigerian National Petroleum Corporation (NNPC) and Sahara Energy, has taken...
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