Facts emerging and being captured by Economic Confidential indicates that the dangling axe of the Federal Government has caught up with the Director General of the Nigeria Tourism Development Corporation (NTDC), Mrs. Sally Mbanefo. In a memo titled: Notification of de-secondment from the Nigeria Tourism...

There was confusion in some parts of Ughelli in Delta State  when an explosion rocked a pipeline belonging to Nigerian Petroleum Development Company (NPDC). Though security operatives believed that the explosion was as a result of a fault, some community sources thought it was an...

Telecom: Investments in the Nigerian telecommunications industry since the advent of Global System for Mobile Communication in 2001 has hit $68bn. Of this amount, $35bn came from Foreign Direct Investments. Former Secretary General of the International Telecommunications Union, Dr. Hamadoun Toure, disclosed this in a keynote...

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 quarter of 2016, falling deeper than recorded in the first and second quarter of the year. It disclosed that Nigeria’s economy...

The 36 states of the federation shared N111.8 billion in October. It is less than the N143.6 billion shared in September from the Federation Account by N31.8 billion. The breakdown forms part of a report yesterday by the News Agency of Nigeria (NAN) from Office of...

Detectives have uncovered huge cash payments to Supreme Court Justices, members of the management and staff of the apex court. The Nation reports that some of the payments, which were effected through a secret/ Operation Account, are alleged to be outrageous and outside the allowances...