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2017 Budget: NASS slashes FMC travel, miscellaneous budget by N212m

The recently approved 2017 national budget finally gets the nod of the Presidency by way of asset, then the ministry of communications and its two affiliate agencies, the Nigerian Communications Satellite Limited, NigComSat and the Nigerian Postal Services, NIPOST, respectively, they would actually be...

Senate Halts sale of Port Harcourt Refinery

The Senate has asked the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) to halt further action on the planned concession of the Port Harcourt Refinery to AGIP and OANDO. The upper chamber also set up a seven-man investigative panel led...

Acting President Osinbajo’s 30 Key Points on Democracy Day

Acting President Osinbajo’s 30 Key Points on Democracy Day The Economic Confidential presents below the 30 Key Points from the Speech of Acting President Prof. Yemi Osinbajo to Commemorate the Second Anniversary of Buhari Administration on May 29, 2017. 1. Our administration outlined three specific areas...

Democracy Day: Osinbajo Expresses Optimism

The Acting President, Prof. Yemi Osinbajo, has  admitted that the economy had proven to be the biggest challenge facing the present administration but the government is working hard to put the economy on right track. Osinbajo said this in a national broadcast to commemorate the...

FG approves closure of 5 Expensive Foreign Missions

FG approves closure of 5 Expensive Foreign Missions The Federal Government of Nigeria has approved the closure of five foreign missions and embassies, Minister of Foreign Affairs, Mr Geoffrey Onyeama said. The minister who did not mention the embassies or missions, said the process for closure...

Senate Passes PIB into law, Approves Creation of two Firms

Senate Passes PIB into law, Approves Creation of two Firms The Senate has broken over 15 years jinx by passing into law the most awaited Petroleum Industry Governance Bill. Senate President, Bukola Saraki while commenting on the bill said “this is a Bill PIGB that has...