Economic Confidential

Ambode Releases Cheaper Lake Rice

Lagos State Governor, Mr. Akinwunmi Ambode and his Kebbi State counterpart, Alhaji Atiku Bagudu has released the much anticipated Lagos-Kebbi Rice christened ‘LAKE RICE’, saying the partnership which culminated into the inauguration was not only designed to ensure food...

Govt Explains Delay in Salaries of Federal Workers

The Federal government has given reasons why staff of some ministries, departments and agencies(MDAs) are yet to receive their salaries for November because the agencies have exhausted their budgetary allocations. The Minister of Finance, Kemi Adeosun, made stated this while...

SSNIT Acquires 10 Percent Stake in Access Bank

State pension fund manager of Ghana, Social Security and National Insurance Trust (SSNIT) has acquired a stake in Nigerian Bank, Access bank Ghana. SSNIT which acquired the stake during Access bank’s recent Initial Public Offer (IPO) becomes the biggest shareholder...

Proposed Data Tariff Hike’ll Prevent Monopoly – NCC

  The Nigerian Communications Commission has said the proposed hike in data tariff by telecommunication companies is meant to protect the interest of the subscribers and prevent monopoly. The Deputy Director, Consumer Affairs Bureau of the NCC, Mr. Ismail Adedigba, said...

No Vehicle Registration Without Duty from March — FG

With the new electronic Vehicle Identification Number (VIN), any vehicle on which duty has not been paid will not be able to be registered and driven in Nigeria, the federal government declared. Speaking at the commencement of a workshop on...

Naira Tumbles to 490 as Dollar Shortage Continues

Naira Before falling to 487 on Friday, the local currency had consecutively closed flat at 485 for four days last week. The severe shortage of the dollar has put the naira under persistent pressure at both the official and parallel forex...
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