Economic Confidential

Nigeria’s FDIs, Portfolio Investment hit $1.82bn in Q3

The total value of capital imported into Nigeria in the third quarter of 2016 was estimated to be $1,822.12 million, which represents an increase of 74.84% relative to the second quarter, and a fall of 33.70% relative to the...

Petrol Price Hike Not on the Cards, Kachikwu Insists

...Explains some elements in pricing template will be reviewed The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the federal government is not about to increase the price of petrol in the country, at least not in...

Senate Demands Daily Oil Production, Sales Report from DPR

The Senate has asked the Department of Petroleum Resources to henceforth prepare and forward to it daily records of oil and gas production and sale in the country. The Senate Committee on Petroleum (Upstream) said the records must be submitted...

Lagos Paid N1.5bn to 333 Retirees in October

The Lagos State Pension Commission said it paid another set of 333 retirees the sum of N1.5bn in October. According to a statement, LASPEC said the beneficiaries were from the mainstream civil service, local governments, state Universal Basic Education Board,...

Card Suspension: Banks Record Increase in Domiciliary Account Requests

The suspension of the usage of naira payment cards to withdraw foreign currencies abroad and for online transactions has created problems for Nigerians, who are looking up to their banks for solutions, PUNCH reports. In the last three weeks, Deposit...

200,000 Selected Unemployed Graduates to Start Work Soon- VP Osinbajo

The inaugural set of 200,000 unemployed graduates already selected in the first batch of the N-power volunteer job and training scheme of the Buhari Social Investment Programmes should start work in the next two weeks. Vice President Yemi Osinbajo, made...
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