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The plan of Alhaji Aliko Dangote’s to establish a sugar plantation and a factory in Kebbi State may have hit the rock, as indigenous land owners, who are mostly farmers, have refused to release their farm land. Governor Abubakar Atiku Bagudu said this at an interactive session with intellectuals of Kebbi State origin working at […]

The Economic and Financial Crimes Commission  has said that as of March 2015, it had realised N1,956,007,974 as interest on the loot recovered from convicted former Inspector-General of Police, Mr. Tafa Balogun; the late former Governor of Bayelsa State, Diepreye Alamieyeseigha, and other prominent Nigerians. The EFCC further revealed that between March, 2012 and March, […]

Managing Director of the Nigeria Social Insurance Trust Fund (NSITF), Ismail Agaka, has called for the creation of a Special Fund to provide succour to the Internally Displaced Persons. The NSITF Chief, who stated this while donating relief material to the Karmajiji IDP camp in a suburb of Abuja, explained that the government must be […]

…Says report may trigger panic buying The Petroleum Equalisation Fund (Management) Board has said that a recent media report (not Economic Confidential) titled “Unpaid bridging claims threaten fuel supply” is not only true but capable of triggering panic buying of petroleum products, apart from creating artificial scarcity. “The story is simply not true, and does […]

An economist, Prof. Ben Aigbokhan, has predicted that Nigeria’s economy would recover from depression as soon as possible with the measures being put in place by President Muhammadu Buhari. Aigbokhan, the President, Nigeria Economic Society, made the prediction in a chat with newsmen in Abuja. He praised the Federal Government for not folding its hands […]

Today, Nigeria is marking a major milestone in the polio eradication effort: two years without a single new case of wild polio. This success extends continent-wide, with Africa expected to mark the same milestone on August 11. If the African region succeeds in going another year without polio, it will be certified polio-free in 2017, […]

Ahmed Idris, Accountant General of the Federation The office of Accountant General of the Federation (AGF) said N3.6 million is saved monthly on public power supply while  calling for efficient management of resources. The Accountant-General of the Fedration, Ahmed Idris stated that about N3.5 million is saved monthly on public power source, following the new […]

Adamu Ciroma, a former Nigeria minister of finance, on Monday, July 25, 2016, said the People’s Democratic Party, PDP, did not lose the 2015 presidential election, adding that the ruling All Progressives Congress “will make a of mistakes.” Ciroma said this when he received members of PDP Board of Trustee led by its chairman, Sen. […]

Tukur Buratai, Nigeria’s chief of Army Staff, said on Monday, July 25, 2016, that the Nigerian Army would not hesitate to use force should the dialogue between the Federal Government and militants fail. The army chief made this remark in Port Harcourt on Monday at the commissioning of a modern 2 Brigade headquarter complex with […]

Rochas Okorocha, the governor of Imo State, on Sunday, July 24, 2016, said Ike Ekweremadu should be warming up to lose his seat as the deputy senate president. Okorocha said a candidate of the All Progressives Congress, Benjamine Uwajumogu, who contested in the last Saturday, july 23, 2016 re-run senatorial election in Imo State would […]

Bernie Sanders on Monday, July 25, 2016, urged supporters to vote for his Democratic rival, Hillary Clinton, in order to bar Donald Trump’s path to the White House, slamming the Republican as a “demagogue.” Sanders’ call, met with cheers and jeers from supporters, was the latest twist in the rocky run-up to the Democratic National […]Read More

Chibudom Nwuche, a former deputy speaker of the House of Representatives, has been arrested by the Economic and Financial Crimes Commission, for an alleged N5.6bn contract scam. Nwuche, who served at the lower legislative chamber between 1999 and 2003, was detained after responding to an EFCC invitation on Monday, July 25, 2016. Nwuche, who also […]