Economic Confidential

Harmattan: NCAA Warns Pilots About Poor Visibility

The Nigerian Civil Aviation Authority has issued a circular warning pilots about poor visibility brought about by harmattan haze in some parts of the country. The spokesperson for the NCAA, Mr. Sam Adurogboye, said the circular, which also offered guidance...

Senate Begins Final Work on Economic Recovery Bills

The Senate will this week inch towards passing half of its historic and the much needed economic reform package as six of the 11 priority economic growth and reform bills have been scheduled for public hearings between today and...

NNPC, Total Supply Gas to Alaoji Power Plant

The Nigerian National Petroleum Corporation and Total E&P Nigeria Limited joint venture have commenced the supply of gas to the Alaoji Power Plant in Rivers State, which was built under the National Integrated Power Project scheme. According to a statement,...

CBN to Sanusi: ‘We Don’t Allocate Dollars’

In reaction to allegations of former Central Bank of Nigeria (CBN) Governor and Emir of Kano, Alhaji Sanuasi Lamido, the CBN said it does not allocate United States dollars as it has set up an interbank foreign exchange market...

Paris Club Deductions: FG Approves N522bn Payment to States

The Federal Government has approved the sum of N522.74bn to be paid to the 36 state of the federation as part of the reimbursement for the over-deduction on the Paris Club loan. The development was confirmed in a statement issued...

Sanusi Blasts Buhari’s $30 Billion Borrowing Plan

Emir of Kano, Lamido Sanusi has condemned plans by President Muhammadu Buhari to borrow $29,960 billion for the country. Sanusi, former governor of the Central Bank of Nigeria, said it would be difficult for the loan to be granted because...
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