Economic Confidential

‘Govt has N2.66trn Credit Balance in TSA Account

The federal government’s account balance is in excess of N2.66 trillion at the Central Bank of Nigeria (CBN), document received by Daily Trust has shown. The document also indicated the CBN claims on the government was not N4.7trn but N1.47trn...

FG Budgets N7.281trn for 2017, Pegs Exchange Rate at N305 to $1

...President Buhari asks NASS for presentation of budget December 14, 2016 ...No salary increment for workers in 2017 Budget ...Retains N500bn social intervention programmes in 2017 ...Launches economic recovery and growth plan before end of December Major Highlights of 2017 Budget Capital Expenditure...

FG Stops 571,000 Tonnes of Rice from Entering Nigeria

The Federal Government has announced that 571,000 tonnes of foreign rice warehoused in neighbouring countries were being targeted for the Nigerian market for the Christmas and New Year season, but vowed to stop their entry. It also stated that Nigeria...

Adeosun, Emefiele Back BoI Scrapping, Bank Kicks

The Bank of Industry has kicked against the current move by the Senate to scrap it and establish the National Development Bank in its place. The Acting Managing Director, BoI, Mr. Waheed Olagunju, made this known at a public hearing...

NDIC Trains 58 EFCC/ICPC Operatives

The Nigeria Deposit Insurance Corporation (NDIC) has concluded a capacity building programme for Operatives of the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices Commission (ICPC). The fifty-two day long training programme is in line with the existing...

NBS: Nigeria Needs 2.3m Jobs Annually

Nigeria needs to create at least 2.3 million jobs annually to halt the growing unemployment rate, the statistician General of the Federation, Dr Yemi Kale stated this in Abuja. Speaking at the first edition of Savannah Centre Policy Monitoring Dialogue,...
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