CBN Will Spend $3bn Loan to Stabilise Economy – NEC The National Economic Council on Thursday affirmed that the $3bn emergency loan-for-crude oil the Federal Government secured in August would be deployed to stabilise the naira, whose value has continued to fluctuate in the Investors...

Palliative: FG Considers N702bn as Allowance for Workers Over Subsidy Removal   The National Economic Council has considered recommendations from the National Salaries Income and Wages Commission to pay N702bn as cost of living allowance to civil servants as part of intervention plans to mitigate the...

States’ Cash Cruch: CBN Kicks As Govs Beg FG To Postpone $2.1bn Support Repayment         State governors on Thursday at the monthly meeting of the National Economic Council appealed to the Federal Government to postpone the repayment of the $2.1bn budget support facility to states which...

Each state gets N800m to pay salaries, pensions The Federal Government may have succumbed to pressures from some state governors, as it has approved and directed the release of N28billion to 35 states of the federation, excluding Lagos state, as budget support facility. Giving the approval,...

The National Economic Council (NEC) will meet today to consider approving a policy that will end the payment of cash calls, Daily Trust learnt last night. A highly placed government official confirmed to our correspondent that the Minister of State for Petroleum, Ibe Kachikwu, will...

I HAVE just read the wide media coverage regarding the recommendations of the National Economic Council (NEC) as well as the Senate on the ways to reboot the economy out of the current recession. Times such as this require all brains at work and...