Nigeria Loses $8.8trn To Capital Flight       The House of Representatives has urged the Federal Government to develop an effective mechanism and strategy to prevent the persistent occurrence and address the menace of capital flight in Nigeria. The House said it was aware of the Central Bank...

Modular Refineries: Revoke, Re-issue Licences, Reps Urge NNPC       The House of Representatives has urged the Nigerian National Petroleum Corporation to review the status of the licences issued to indigenous companies to run modular refineries. It asked the corporation to revoke and re-issue them to competent and...

Fed Govt Offers May Savings Bonds For Subscription       The Federal Government has, through the Debt Management Office, opened the May savings bond offer to investors. The DMO announced on Monday on its website the two-year and three-year savings bonds offer for subscription. According to the debt office,...

External Reserves Lost $350m In Two Weeks - CBN       The country’s external reserves lost $350m in two weeks, falling to $34.9bn on April 29 from a high of $35.25bn as of April 16. Figures obtained from the Central Bank of Nigeria on Monday revealed that the...

No Electricity Tariff Increase, Says Power Minister     At the backdrop of rumors of possible hike in electricity tariff, the Minister of Power, Engr. Sale Mamman, has indicated that the ministry is focusing on increased efficiency and not tariff. In a statement made available to Economic Confidential...

PR Wise: The Presidency, Pantami and Mbaka By Yushau A. Shuaib In public relations practice, decision-making processes on an issue and crisis management are always the toughest before any act of communication can be effectively executed. Unlike journalism that feasts on bad news, which is what sells,...