Economic Confidential

Delta Set for CBN Anchor Plan

Delta Government has registered over 30,000 farmers across the selected enterprises of Cassava, Oil Palm, Rice and Fisheries for the CBN Anchor Borrowers Programme. The State Commissioner for Agriculture and Natural Resources, Mr Austin Chikezie, disclosed to NAN in Asaba. He...

FG Appoints Commissioners for Interior Board

President Muhammadu Buhari has approved the appointment of retired Major-Gen. Emmanuel Bassey and Mr Ado Ja’afar as Commissioners for the Civil Defence, Fire, Immigration and Prisons Services Board (CDFIPB). This is contained in a statement issued by the acting Permanent...

Naira Drops to 493 as Dollar Demand Rises

The naira fell further against the United States dollar at the parallel market on Friday to 493, from 490 on Thursday as increased dollar demand weighed on the market. Forex traders said the local unit plummeted following an increased demand...

Ajaokuta Steel Company Gets N4.3bn for Revival

The federal government has allocated over N4 billion for the resuscitation of the Ajaokuta Steel Company. The allocation is contained in the 2017 appropriation budget which was presented to the National Assembly in December by President Muhammadu Buhari. According to...

Nigeria Exported More Lead, Zinc Ore in 2014 – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has said a total of 67,164.02 tons of lead and zinc ore worth $23,561,886.63 were extracted and exported from the country in 2014, making them the highest exported solid minerals in the...

External Reserves Down $3.22 bn in 2016 – CBN

The nation’s external reserves closed last year with a total balance of $25.84 billion - 30 December - showing a decline of $3.22 billion compared with $29.06 billion it stood as at December 31, 2015. The figure from the Central...
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