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Wednesday, July 26, 2017

Africa Finance Corporation Issues $500m Eurobond

The Africa Finance Corporation (AFC) has issued a $500 million seven-year Eurobond. The senior, unsecured Eurobond which carries a coupon of 3.875 per cent...
NEITI

N7.2tr Held by NNPC Can End Recession – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has asked the Federal Government to put in place urgent measures to recover the sums of $21.778...
Buhari

Corruption: Britain to Expose Nigerian property owners

The British Government, will release information about Nigerians, who own property in that country next year. Prof. Bolaji Owosanoye, Executive Secretary, Presidential Advisory Committee against...
CAC

CAC begins 24-hour operation

The Registrar-General, Corporate Affairs Commission (CAC), Mr Mahmud Bello, says the commission has started operating 24 hours company registration process to make startup of...
CBN Governor

Forex: Finall, CBN slashes BDC rate of US Dollar to N360

Forex: CBN slashes BDC rate to N360 …$100m offer fully subscribed Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to...
Buhari

Niger Delta : Presidency gives contractors 30 days to return to site or face...

Niger Delta : Presidency gives contractors 30 days to return to site or face prosecution The Federal Government has issued a new set of directives...

Humanitarian Crisis: World Bank Approves $200 Million for North East

The World Bank’s Board has approved a $200 million credit to support the Government of Nigeria’s response to the acute humanitarian and forced-displacement crisis...

Banks seek buyers as CBN floods market with forex

Banks are awash with dollars, as the Central Bank of Nigeria (CBN) continues to support the naira. The banks have cleared the backlog of requests...

My ‘Ordeal’ Inside Kirikiri Prison

This is not a joke, but a real-life story. I still wonder how my family members, friends and well-wishers would feel about my ‘ordeal’...

Strategies For Tackling Hunger And Food Crisis In Nigeria

Prior to Nigerian civil war, and immediately after the war, Nigeria was self-sufficient infood production.  The Nigerian agriculture sector had the potential for production...

Cleaning the MDAs through Forensic auditing

The Federal Government has ordered all Ministries, Departments and Agencies (MDAs) to prepare an inventory of all fixed assets held as at 31st December...
Economi Confidential March 2017 Cover

NPS Reopens Prison Farms…. About 70% of 68,259 Inmates on Awaiting Trial- CG Ja’afaru...

... Purchases 22 Tractors for Farming Centres The Comptroller-General of Nigeria Prison Service, Mr. Ja’afaru Ahmed has been around for a while. As a seasoned...
FG

FG Optimistic Nigeria Will Exit Recession This Year

The federal government on Wednesday expressed optimism that the Nigerian economy was on the path of recovery, assuring the public that the country would...
Road

Nigeria: 79,875 Cases of Road Accidents Reported in 3 Years

Road accidents… Ogun leads with 6422, Jigawa is least with 725 Not less than 79,875 (Seventy-nine thousand, eight hundred and seventy-five) cases of road accidents...

Nigeria hunger crisis deepens, as 7.1 million People face Acute Food Shortage …….spills over...

As conflict and instability continue, the food security situation in Nigeria and the Lake Chad Basin is drastically deteriorating, the Food and Agricultural Organisation...
Naira Dollar

Naira Exchanges N495 to the US Dollar at Black Market

The Naira has appreciated at the parallel market in spite of the rise in the nation’s foreign reserves. The Nigerian currency gained 15 points...

NDIC Targets N47.25bn Operating Surplus to CRF In 2017

The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has informed the House of Representatives Committee...
NNPC

Nigeria Lost N217bn to Gas Flaring in 2016 – NNPC

The country lost at least N217bn last year as oil and gas companies flared a total of 244.84 billion standard cubic feet of natural...
Ahmed Idris AGF

FAAC Distributes N465bn to FG, States, LGS for January 2017

At the meeting of the Federation Account Allocation Committee (FAAC) a total of N465.149 billion has been distributed for the month of January, 2017...

JAMB Receives 11. 7m Applications in 6 Years – NBS

The National Bureau of Statistics (NBS) has said the Joint Admissions and Matriculation Board (JAMB) data reflected that 11,703,709 applications were received between 2010...

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