Economic Confidential

Labour Shuts Down Arik Airlines Operations

The United Labour Congress and the Nigeria Pilots and Engineers union shut the offices of Arik Airlines, due to the inability of the airline to pay its workers for seven months. The staff of Arik Air staged a protest at...

Why Magu, Lawal Must Resign Now — Former Senate President

The Former President of the Senate, Sen. Adolphus Wabara, has called on the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, to resign his appointment following indicting security reports about him. Wabara. who made the...

…President Orders AGF to Investigate Top Government Officials

Against the backdrop of mounting corruption allegations against some top officials of his government, President Muhammadu Buhari has directed the Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), to investigate the involvement of any...

Relief For Air Travellers As NNPC Floods Market with Aviation Fuel.

...Discharges 38.7million Litres In its bid to ensure a hitch-free air travel across the country during and after the yuletide period, the Nigerian National Petroleum Corporation (NNPC) has flooded the market with Aviation Turbine Kerosene (ATK) popularly called aviation fuel. The...

Joint Ventures Financing Gulps N7.5trn in 5 Years – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has lauded the federal government for terminating the cash call payments on Joint Venture (JV) agreements with major international oil companies (IOCs) saying N7.5 trillion was spent on financing the arrangements in...

CBN Charges Stakeholders to Checkybercrimes

Central Bank of Nigeria (CBN) Deputy Governor, Operations, Mr. Adebayo Adelabu, has charged members of the Nigeria Electronic Fraud Forum (NeFF) to work harder to confront the potential fraud associated with electronic payments. Adelabu spoke during the end of year...
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