Economic Confidential

CBN Releases N7.29bn Agric Fund To 55,474 Beneficiaries

A total of facility of N7.293 billion was disbursed to 52,474 companies and individuals in the agricultural sector between January and November 2016 under the Agricultural Credit Guarantee Scheme (ACGS), an initiative of the Central Bank of Nigeria (CBN). Leadership...

Oil Prices Rebound, Glut Persists

Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts the agreed reductions would rebalance an oversupplied market. According to...

Dangote Maintains Africa’s Top Spot for 6th Year

Nigerian cement tycoon Aliko Dangote remains Africa’s richest person for the sixth year running with a $12.1 billion fortune, despite a nearly $5 billion drop in his net worth for the second year in a row. Dangote is joined by...

FG Rules Out Electricity Tariff Hike for Now

...Says TCN’s wheeling capacity is now 7200MW The Federal Government has said that it will not approve a fresh electricity tariff hike at least for now, stating that it is still meeting with stakeholders in the country’s electricity sector, including...

FG Appoints New Heads for Aviation Agencies

President Muhammadu Buhari has approved the appointments of four new Chief Executive Officers (CEOs) for four agencies and parastatals in the ministry of aviation. In a statement signed by the Permanent Secretary of the ministry, Mr. Sabiu Zakari, which was...

Pastor Adeboye: Presidency Sacks Board of Controversial Financial Council

The board of the agency mentioned as the cause of the controversial  retirement of popular cleric, Pastor Enoch Adeboye, has been sacked. The Financial Reporting Council of Nigeria (FRN) was cited by Pastor Adeboye on Saturday morning while announcing his...
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