Economic Confidential

EU Earmarks 20 Million Euros to Rebuild North East, Niger Delta

The European Union (EU) has pledged its support for the ongoing efforts of the Federal Government to rebuild some parts of the North East and Niger Delta regions by earmarking 20 million Euros for the reconstruction of markets and...

Maritime Infrastructure: NIMASA DG Urges Utilization of PPP Model

Adequate provision of basic infrastructure has been identified as a necessary step capable of unlocking the vast opportunities in Nigerian maritime industry. This position was canvassed by the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr....

Immigration Generates Over N40.7b Revenue

The Nigeria Immigration Services (NIS) has said it has generated and remitted over N40.7billion into the Federal Government’s Treasury Single Account (TSA) from January to November this year. Controller-General (CG) of NIS, Muhammad Babandede, who spoke after decorating 17 and...

Buhari Needs $30bn Loan to Succeed, Says Odigie-Oyegun

The National Chairman of the All Progressives Congress, Chief John Odigie-Oyegun, has said the President Muhammadu Buhari-led administration is left with no option but to borrow to revive Nigeria’s ailing economy. Buhari’s plan to borrow an estimated US$29.9bn from foreign...

Three Ex-Heads of State Involved in $180m Halliburton Scandal

There are new insights on why the $180million Halliburton bribery probe is lingering without the trial of some highly-placed Nigerians. The Nation learnt that former President Goodluck Jonathan, who planned to table the report before the Council of State, could...

Oil Hits $55.33 High in Buying Rush After OPEC Agreement

Crude rose above 55 dollars a barrel as rising prospects of a tightening market after last week’s OPEC landmark deal to cut production has given speculators impetus to increase bets on higher prices. Monday’s gains take the rally since the...
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