Economic Confidential

Why Nigeria’s Oil, Gas Reserves Increased — Baru

The Nigerian National Petroleum Corporation (NNPC) has promised to continue to find sustainable solution to the challenge posed by insurgency in the Niger Delta. The corporation said it had created security management platforms that would enable it identify and evaluate...

NNPC Gets 30% Discount on Contracts After Renegotiations

The Nigerian National Petroleum Corporation has said it realised between five per cent and 30 per cent discounts on existing contracts after several renegotiations. According to the corporation, this arrangement has led to substantial savings for the national oil firm, thus...

Rep Says Recession to Persist Till Mid-2017

Rep. Jonathan Gaza (PDP-Kokona/Keffi/Karu) in Nasarawa State, has advised Nigerians to ensure prudent management of resources and avoid extravagant expenses so as to save for rainy days. Gaza (PDP) gave the advice while addressing his constituents who paid Christmas homage...

We Don’t Have Forex to Import Aviation Fuel — Marketers

The scarcity of aviation fuel in Nigeria may be far from being over as oil marketers have said they do not have enough foreign exchange to import the product. The Executive Secretary, Major Oil Marketers Association of Nigeria, Mr. Obafemi...

MTN Pays N80bn of N330bn Fine — FG

The Federal Government says MTN had paid N80 billion of the N330 billion fine imposed on it for failing to deactivate more than five million unregistered SIM cards. Speaking at the News Agency of Nigeria (NAN) Forum in Abuja, the...

Peterside Puts Smile on NIMASA Staff at Xmas

…Promotes 76 Management Staff and Others The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the promotion of 76 Management Staff of the Agency to their next grade levels. The promotions were approved at the 34th...
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