economic

The world needs to spend 94 trillion dollars in global infrastructure by 2040 to eliminate infrastructure deficit, the G20-backed Global Infrastructure Hub (GIH) said on Tuesday. The GIH said to close the spending gap, annual infrastructure spending needs to rise to 3.5 percent from 3 percent of global gross domestic product. The report details how […]

Mr Abba Bello, MD/CEO NEXIM Bank and Mr. Dwi Wahyudi MD Indonesia Eximbank Mr Abba Bello, MD/CEO NEXIM Bank and Mr. Dwi Wahyudi MD Indonesia Eximbank The Indonesia Eximbank has signed a Memorandum of Understanding (MoU) with the Nigerian Export-Import Bank (NEXIM Bank) expressing intentions to enhance cooperation and forge stronger relationships in promoting regional […]

The British Government has expressed its readiness to invest in pipeline infrastructure, renewable energy, gas and power of the Nigerian Oil and Gas Industry.British High Commissioner, His Excellency, Mr. Paul Arkwright, made this disclosure when the Group General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, paid a courtesy visit […]

Gerald Konwea Gerald Konwea N3.6 billion Business and Leisure Resort Underway in Abuja….. to Include Race TracksA N3.6 billion business and leisure development park, known as ‘The Arena’ would soon be built in Abuja to host about 10,000 vendor international trade fair, originally designed to be executed in Calabar, Cross River State, Economic Confidential has […]Read More

NASS President Bukola Saraki Hon. Samuel Onuigbo Climate Change: NASS Insists On Legislative Framework. …Resuscitation Of Lake Chad To Gulp $15bn – Lawmakers Federal lawmakers in the National Assembly has insisted on completing their efforts at evolving a legislative framework that gives legal backing to government policies and actions towards climate change in the country. […]

Polio Free Nigeria Nigeria to Partake in $4bn Polio Fund Raised By Rotary International……as Rotarian Mbanefo Becomes District Governor 9125 Dr. Goddy Nnadi The Federal Government’s efforts to eradicate polio in the country has received a major boost as Rotary International plans to set aside part of the $4 billion raised by the global humanitarian […]Read More

Hon. Samuel Onuigbo Hon. Samuel Onuigbo …Resuscitation Of Lake Chad To Gulp $15bn – Lawmakers Federal lawmakers in the National Assembly on Thursday insisted on completing their efforts at evolving a legislative framework that gives legal backing to government policies and actions towards climate change in the country. The lawmakers made the emphasis in reaction […]

Says Bank Balance is $231.8m Not $793.2m The Management of the Nigerian National Petroleum Corporation, NNPC has provided an informed perspective to the trending media report alleging that the Corporation colluded with some banks to prevent the remittance of $793.2m into the Treasury Single Accounts, (TSA), scheme as directed by the Federal Government.The NNPC in […]

The average national daily gas supply to the nation’s power plants has risen by 64 per cent, the Nigerian National Petroleum Corporation (NNPC) Financial and Operations Report for May 2017 just released in Abuja has said. The average Natural Gas supply to power plants of 729 million standard cubic feet of gas per day (mmscfd) […]

Nigeria’s 36 states and the Federal Capital Territory (FCT) will be ranked based on an assessment of the ease of doing business within each location for the period 2014-2018. This was disclosed on Thursday in a presentation to the National Economic Council (NEC) by the Honourable Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, […]

The Federal Executive Council (FEC) has approved new policies for oil and labour sectors of the economy. The Minister of State for Petroleum Resources Dr. Ibe Kachikwu and Minister of Labour Chris Ngige spoke to State House correspondents at the end of the council meeting chaired by Acting President Yemi Osinbajo at the Presidential Villa, […]

9mobile 9mobile A Global System of Mobile telecommunications operator, 9Mobile has said that it will welcome new investors even as it change of brand name will not affect the quality of its services. The Chief Executive Officer, 9Mobile, Mr. Boye Olusanya, said the company would continue to make more positive contributions to the telecommunications sector […]