Economic Confidential

Nigerian Senate calls for Removal, Prosecution of SGF Babachir Lawal

The Senate has asked President Muhammadu Buhari to suspend and ensure prosecution of the Secretary to the Government of the Federation, Babachir Lawal, over alleged breach of Nigeria’s law in handling contracts awarded by the Presidential Initiative for the...

NIMASA Pledges Support for Presidential Amnesty Programme

The Nigerian Maritime Administration and Safety Agency (NIMASA) has pledged support for the Presidential Amnesty Programme in ensuring proper rehabilitation and reintegration of the ex-agitators in the Niger Delta Region towards achieving a safe and secured maritime industry and...

Iron and Steel Imports Gulps N589.41 billion in 18 months- Investigation

The neglect and lack of political will to resuscitate the abandoned Ajaokuta Steel Company Limited (ASCL) and other inland rolling mills in the country has cost the nation a whopping N589.41 billion in iron and steel imports within the...

Muslims: Neither Sunni Nor Shiite

The Nigerian government officially declared Monday, December 12, 2016 as public holiday to mark the Eid-El Maulud in commemoration of birthday of Prophet Muhammad (PBUH). The gesture of the government means different things amongst Muslims because Prophet Muhammad and his...

Economy: Are We On The Right Track?

There is no doubt that the last one year has been tough economically in Nigeria due to the dwindling economy triggered by hyperinflation, rising job losses, foreign exchange conundrum, power failure, reduction in the daily oil production to 1.1...

What Next after Suspending Hike in Data tariff?

As the Nigerian populace continue to groan under excruciating economic conditions and the heavy burden of high rate of inflation and cost of living imposed on them by the current economic recession in the country, the planned increase of...
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