Economic Confidential

FCTA Seeks Closer Partnership with NEPAD

The FCT Minister, Malam Muhammad Musa Bello, has called for a more robust relationship with the New Partnership for Africa’s Development (NEPAD), the planning and coordinating technical body of the African Union. The Minister made this call when the National...

30 Ships Laden with Petroleum Products, Food Items to Arrive Lagos

Thirty ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Jan. 18 to Jan. 28. The Nigerian Ports Authority (NPA) said in its publication – `Shipping Position’,...

2017 Fiscal Year: Senate Approves MTEF

The Senate has approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) and set oil benchmark for 2017 budget at 44.5 dollars per barrel. It also approved the exchange rate at N305 to a dollar as proposed...

FG’s Plan to Secure Foreign Loans Stalls

The Federal Government’s efforts to secure funds from international lenders to help haul the country out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close...

CBN Must Close Naira Exchange Rates’ Gap- Osinbajo

The Central Bank of Nigeria needs to close the gap between the official and black market exchange rates for the naira against the United States dollar “very soon”, Vice-President Yemi Osinbajo has said. The VP told reporters at the World...

Ministry Wants Focus on Mines, Steel Development

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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