Economic Confidential

CBN to Sell $500m FX Forwards to Meet Manufacturers’ Pent-up Demand

Desirous of ensuring that manufacturers get the required foreign exchange (FX) for the importation of critical raw materials as well as meeting the pent-up demand for the greenback, the Central Bank of Nigeria (CBN) will sell $500 million through...

Airports Record Nine Percent Drop in Passenger Traffic

The harsh economic climate that the country is currently experiencing has made the aviation sector to record a decline of nine per cent in activities in the second quarter of this year, according to figures published by the National...

100 Million Nigerians Living in Poverty- Dangote

The President, Dangote Group, Aliko Dangote, has said that more than 100 million out of the country’s estimated population of 187 million are wallowing in poverty. He told participants at the Executive Course No. 38, 2016 of the National Institute...

Economic Challenges, Great Opportunity for Nigerian Women, Says Adeosun

The Minister of Finance, Mrs. Kemi Adeosun has challenged Nigerian women to avail themselves of the immense opportunities created by the current economic challenges in the country. The Minister, who was the keynote speaker at the launch of First Gem,...

Buhari to Launch $10bn Niger Delta Reconstruction Fund

...Says Nigeria’s survival still depends on oil Industry ...Kachikwu predicts Nigeria’s JV review will lead to oil investment boom   The federal government under the watch of President Muhammadu Buhari plans a $10 billion infrastructure development fund for the oil-rich but restive...

Dangote Cement’s Profit Drops by N24.47bn

The profit after tax of Dangote Cement Plc dropped by N24.47bn in the nine month, ended September 30, 2016. The company attributed the drop from N157.993bn recorded in the Q3 2015 to N133.521bn in the Q3 2016 to enormous money...
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