The World Bank’s Board has approved a $200 million credit to support the Government of Nigeria’s response to the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria. The project will provide multi-sectoral crisis recovery in the states of...

The Chinese Deputy Ambassador to Nigeria, Mr. Lin Jing, said Chinese investments in country have hit over $13 billion. He said China was also demonstrating its commitment to Nigeria’s friendship and development through the $1.3billion Lagos-Ibadan Railway Project. He added that the $326 million 30 rice...

Road accidents… Ogun leads with 6422, Jigawa is least with 725 Not less than 79,875 (Seventy-nine thousand, eight hundred and seventy-five) cases of road accidents have been reported in the country in the last three year s. Economic Confidential can report authoritatively. Investigations conducted by the Economic...

London Stock Exchange has admitted Nigeria’s $1 billion Eurobond to start trading in London. The 15 year government bond, paying a coupon of 7.875 per cent, is the longest ever maturity for an international Nigerian bond, the first international issuance for the country since...

The MacArthur Foundation, known for bestowing its annual “genius” grants on artists, actors and other creative people, has announced the eight semifinalists in a new competition: come up with the best proposal to solve a global problem, with a reward of $100 million. Out of...

Windfall Amidst Recession: States, LGs Share N2.6tr in 2016 Lagos Got N178bn, Akwa-Ibom N150bn, … Gombe and Ebonyi N46bn each A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared a total sum of N2.6 trillion from the...