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SpaceX had a flawless launch and landing today, scoring another huge win for Elon Musk’s private SpaceX company. Falcon 9’s first stage had a flawless ground landing after launching the Dragon into space. And every stage of the Dragon’s launch to the International Space Station was absolutely perfect. Click through the gallery to see photos from the launch […]Read More

Qandeel Baloch Qandeel Baloch (real name Fouzia Azeem) was a Pakistani model, singer, and Internet sensation with a long life ahead of her. Unfortunately, her life was cut short when she was murdered this past Friday. Her brother Waseem Azeem confessed to ending her life by strangulation as an “honor” killing. BBC reports Azeem stating […]

Waziri Adio, ES NEITI The Federal Government has lost approximately $518 million to oil swap and Offshore Processing Agreements (OPA) in 2013 due to inefficiencies by the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries, the Economic Confidential can authoritatively report. The Economic and Financial Crimes Commission (EFCC) would soon be involved in investigating and […]

Waziri Adio, ES NEITI Recently the 2013 Audit Report of the Nigeria Extractive Industries Transparency Initiative (NEITI) on Oil, Gas and Solid Minerals was made public. The Executive Secretary of NEITI, Mr. Waziri Adio granted an interview to the Economic Confidential on issues arising from the report as part of efforts to remove corruption and […]

President Yemi Osinbajo has admonished African nations to rise up to the urgent need of addressing the problems of poverty and inequality, even as the global community focuses on its new Sustainable Development Goals (SDGs.) He also disclosed that Nigeria had close to 110 million people who are poor and about two-tenths are in extreme […]

British Prime Minister, Theresa May, is facing calls to rethink the “discriminatory” new earnings threshold of £35,000 for non-European Union migrants including Nigerians and other Africans that could starve Britain of vital talent in the teaching, charity and entrepreneur sectors when the changes take effect in April. Overseas workers who have lived in the UK […]

…As MEND gives conditions for dialogue The Niger Delta Avengers (NDA) has warned the management of the international oil company, ExxonMobil, against repairing the Que Iboe 48-inch pipeline it blew recently, threatening to attack personnel of the company if the warning is not heeded. In a statement posted on its website on Saturday and signed […]

Former President Olusegun Obasanjo has decried the direct involvement of government in agriculture, noting that it had been with an ulterior motive “to steal.” The former president, who averred that government at all levels has no business being directly involved in agricultural production, saying such practice in the past was as a reason for corruption […]

The Federal Government has said its planned policy on tomato will protect local manufacturers of the product and ensure an end to the importation of substandard tomato paste. The Minister of State for Industry, Trade and Investment, Hajia Aisha Abubakar, disclosed this in Lagos  while on a facility tour of Erisco Foods Limited. She said […]

Investors in the power sector have declared that they will not pull out of the industry despite the recent judgment by the court, which directed the Nigerian Electricity Regulatory Commission and the Federal Government to reverse the 45 per cent increase in electricity tariffs. The investors also stated that if the courts insisted on reversing […]

The management of Air Peace has called on the Federal Government to intervene in the lingering scarcity of aviation fuel, also known as Jet-A1, in the country. The Chief Operating Officer, Air Peace, Mrs. Oluwatoyin Olajide, said in a statement that the scarcity of the product was a threat to the operations of airlines. She […]

Nigeria’s President Muhammadu Buhari has condemned the coup attempt last Friday in Turkey by military officers in the country’s opposition. A statement signed by presidential spokesperson, Garba Shehu, says that President Buhari is “deeply saddened by reports of a violent attempt to dismantle constitutional authority and disrupt the democratically elected government of Tayyip Erdogan in […]Read More