Economic Confidential

Recession: Nigerians Throng Immigration Office for International Passports

A News Agency of Nigeria (NAN) correspondent, who monitored the development at the NIS Passport Office at the Federal Secretariat, Enugu, observed that youths between 19 and 32 years were majority among the more than 100 people anticipating to...

Electricity Grid Hits 4,000mw as 2017 Begins

Electricity generation at the national grid has sustained the peak of 4,000megawatts (mw) into 2017 since it reached the level last Tuesday, records have shown. Data available from the Nigeria System Operator (NSO) shows that peak generation in December 2016...

Economic Recovery Imminent— CBN

The apex bank, the Central Bank of Nigeria,(CBN) has said that economic recovery is imminent following the expansion in the manufacturing sector in December 2016 at least in the last eleven months. The bank’s Purchasing Managers Index (PMI) 2016...

39 Companies to Lift Nigerian Crude

The Nigerian National Petroleum Corporation (NNPC) has released names of 39 companies that will be involved in the sale and purchase of Nigerian crude for 2017/2018. Announcing the results on its Website, the Group General Manager, Crude Oil Marketing Division...

Osinbajo Replaces Babachir at New Boards Committee

President Muhammadu Buhari has removed the Secretary to the Government of the Federation Babachir David Lawan as chairman of the presidential committee on the reconstitution of federal government boards of parastatals, agencies and commissions. Multiple sources said Vice President Yemi...

Presidency Begins Payment of N5,000 Stipend

The Presidency has begun payment of N5,000 monthly stipend to the poorest and the most vulnerable in the country through the Conditional Cash Transfer (CCT) of its social investment programmes. A statement by the Senior Special Assistant to the Vice...
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