Economic Confidential

Petrol Price Remains at N145- NNPC

Nigerian National Petroleum Corporation has enjoined motorists in Abuja and its environs, and indeed the federation, not to engage in any panic buying of petroleum products. NNPC assures motorists that the Corporation has 1.3billion litres stock of PMS, otherwise called...

Pension Assets Rise to N6.02tn

Despite the impact of recession on the Nigerian economy, the total funds under the Contributory Pension Scheme rose to N6.02tn at the end of November 2016. This was disclosed in the update on the assets under management obtained by our...

2017 Budget: $44.5 Oil Benchmark Realistic- Expert

A financial expert has described the oil price benchmark adjustment by the Senate in the 2017 budget from 42.5 dollars per barrel to 44.5 dollars per barrel as realistic. The Head of Banking and Finance Department, Nasarawa State University, Keffi,...

Nigeria, Germany to Improve Trade Ties

Nigeria together with some African countries would seek to improve trade and investment ties with German at Germany-Africa Business Forum slated to hold at Frankfurt on March 23. This is contained in a statement posted on the Germany-Africa Business Forum...

Insurance Companies Capital to be Verified

The National Insurance Commission (NAICOM) in Abuja said it would commence verification of the capital resources of all insurance companies in 2017. Mr Rasaaq Salami, Head, Corporate Affairs at NAICOM, told the News Agency of Nigeria (NAN) that the verification...

Mines/Steel: Ministry to Focus on Investor-Friendly Regulations

The Ministry of Mines and Steel Development has urged the Federal Government to give special attention to the development of eight critical areas to improve the mineral and mining sector. This is contained in the Ministry Roadmap made available to...
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