Economic Confidential

NNPC Seeks $51BN Investment In Gas sector

The Nigerian National Petroleum Corporation (NNPC) has said about $51 billion investment opportunities exist today in the midstream and downstream gas sector to achieve the growth phase in the Industry in Nigeria. Group Managing Director of the NNPC, Dr. Maikanti...

Please Don’t Borrow $30 Billion

My article of last week which was in praise of Hajia Aisha Buhari, elicited some angry responses from a few of my readers. I assume that there may be many more who disagreed with my thesis but did not...

CBN Goes Tough on e-Banking Fraud, to Blacklist Customers

The Central Bank of Nigeria (CBN) has said it is working on a policy that will ensure that bank customers involved in electronic fraud are either blacklisted or placed on close surveillance. The bank’s Director, Banking and Payment System, Mr....

3,000 Electrical/Electronics Workers Lose Jobs in Seven Months

The problem of difficult access to foreign exchange to procure essential raw materials for production by manufacturers, among other challenges, has resulted in unprecedented job losses in different sectors, with the electrical/electronic sub sector feeling the heat. Local manufacturers of...

Militants Claim Responsibility for NPDC Trunkline Attack

Isoko militant group, Niger Delta Greenland Justice Mandate (NDGJM) has claimed that it bombed the 32-inch Effurun-Otor delivery line operated by the Nigerian Petroleum Development Company (NPDC). The group said in a statement signed by its spokesman. Aldo Agbalaja, that...

Fashola Advises Professionals on Building Collapse

The Minister of Power, Works and Housing, Mr. Babtunde Fashola, has urged operators in the built environment to improve their skills in order to reduce the frequency of building collapse being recorded across the country. Fashola, who spoke at the...
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