Economic Confidential

Relocation of Abuja Airport to Cost N1.1bn

Minister of State for Aviation, Sen. Hadi Sirika has said that the relocation of operations of the Nnamdi Azikiwe International Airport to Kaduna would cost over N1.1 billion. Sirika while briefing the senate on the logistics implication of the relocation...

Nigerians May Pay More for Stamp Duty

Nigerians may soon begin to pay higher for stamp duty going by a proposal before the National Assembly for an increase in the cost of postage stamps across the country. The 2004 Stamp Duties Act, which became effective in January...

No Money: MMM Freezes out Mavrodians

Mavrodians, the name of account holders in MMM Nigeria, are still unable to get paid a return on their investment more than 96 hours after the Ponzi scheme returned. TheCable quoting some MMM participants said that although they were able...

External Reserves Rise by $1bn in Two Weeks

The country’s external reserves have hit $26.968bn, nearing the $27bn mark, the latest statistics posted on the Central Bank of Nigeria website have shown. The reserves rose to $26.968bn on January 13 from $26.765bn on January 11, having hit $26.658bn...

Gas Scarcity to Ease as NLNG Vessel Discharges

The much awaited NLNG vessel -Gas Providence laden with 13,000MT of Liquefied Petroleum Gas (LPG) berthed and discharged the product at the NOJ Apapa, the situation that may ease the scarcity of the cooking gas in the nearest future. Sources...

Nigeria’s GDP: IMF Projects Positive Growth 2017

The International Monetary Fund (IMF) has projected 0.8 percent GDP growth for Nigeria in 2017, a little below World Bank’s projections of 1percent growth for the period. Both projections are signifying Nigeria’s economic recovery from the current recession. In a global...
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