25 C
Abuja
Sunday, September 15, 2019

Nigerians Paid More For Petrol, Kerosene In August – NBS

Nigerians Paid More For Petrol, Kerosene In August - NBS Many Nigerians paid more for petroleum products, including Premium Motor Spirit (petrol) and household kerosene,...

NNPC, Others Receive N191.34bn As Revenue Generation Cost

NNPC, Others Receive N191.34bn As Revenue Generation Cost     Three revenue generating agencies of the federal government: Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS)...
NNPC Towers

In 3years Nigeria Earned N3.2tr From Royalties , PPT

In 3years Nigeria Earned N3.2tr From Royalties , PPT   The Federal Government received N3.211 trillion as Petroleum Profits Tax (PPT) and Royalties from the third...

FAAC Distributes N420bn in November

The Federation Accounts Allocation Committee (FAAC) distributed the sum of N420 billion among the three tiers of government in November this year, being the...

PFAs Stake N5.2tn On FGN Securities

PFAs Stake N5.2tn On FGN Securities Out of the total N7.52tn total pension assets as of December 31, 2017, about N5.2tn, representing 70 per cent...

Nigeria To Run Out Of Oil In 52 Years, Says DPR

Nigeria To Run Out Of Oil In 52 Years, Says DPR If new crude oil discoveries are not made to add to Nigeria’s current reserves...

Stock Market Rebounds, Records First Gain In 12 Days

Stock Market Rebounds, Records First Gain In 12 Days The nation’s stock market closed on a positive note at the end of trading on Monday...

domestic excess crude : : How They Share N9.35bn in June

Domestic Excess Crude: How They Share N9.35bn in June 2012The Economic Confidential magazine provides below how a total sum of N9, 356,157,075.02 was shared...

CCTV Cameras for 2011 Elections

The Independent National Electoral Commission (INEC) is billed to install Closed-Circuit Television (CCTV) cameras in critical polling units to deter rigging and criminal activities...

Nigeria’s Recession Worsens Despite Rising GDP in Agric, Solid Mineral

The latest report from the National Bureau of Statistics, NBS, says Nigeria’s Gross Domestic Product, GDP, has shrunk by 2.24 percent in the third...

Egbin, Shiroro Hydropower Plants Record Decline In Power Generation

Egbin, Shiroro Hydropower Plants Record Decline In Power Generation The nation’s biggest power station, Egbin, and one of the three hydropower plants, Shiroro, have recorded...

FG Receives N817bn From Total, Chevron, CNOOC In One Year

FG Receives N817bn From Total, Chevron, CNOOC In One Year THE Federal Government received $2.68 billion, about N817.4 billion, from Total, Chevron and China National...

Legacy Debts Take $3bn Of $5.5bn Foreign Loans –Adeosun

The Minister of Finance, Mrs. Kemi Adeosun stated that the Federal Government would apply the sum of $3bn in refinancing the legacy debts of...

FAAC: How They share N521bn in October 2010

FAAC: How they Shared N521bn in October 2010The Economic Confidential magazine provides here the distribution of a total sum of N521 billion being the...

Federation Account: How States Shared N490bn in November 2010

FAAC: How States Shared N490bn in November 2010The Economic Confidential magazine provides here the distribution of a total sum of N490 billion being the...
Naira Dollar

Naira Falls To N360.13 Per Dollar

The naira has depreciated marginally to N360.13 per dollar in the Nigeria Autonomous Foreign Exchange Window (NAFEX)​. The local currency had closed at N360.08 last...

In Five Trading Days, Investors Stake N39billion In Equities

In Five Trading Days, Investors Stake N39billion In Equities   Heavy transactions in the shares of some companies, especially Access Bank, and Capital Oil last week,...

In January, Stock Market Investors Lost N326m

In January, Stock Market Investors Lost N326m   Investors in the nation’s stock market lost a total of N326bn in January as bearish sentiment persisted. The equities...
Buhari Osinajo

Mixed Reactions As Nigeria Exits Recession

The federal government has welcomed exit of Nigeria from recession, but with caution and optimism. It said it would continue to drive economic growth by...

Stocks Rebound As Market Appreciates By N370bn

Stocks Rebound As Market Appreciates By N370bn   The Nigerian stock market returned to gains on Wednesday after the Nigerian Stock Exchange equities capitalisation rose by...