Latest from the Economic Confidential
At Last, 70% of June Federal Allocation from Non-Oil Sector- Fowler
The Chairman, Joint Tax Board, JTB and Executive Chairman, Federal Inland Revenue Service, FIRS Mr. Tunde Fowler has said that 70 percent of over N500 billion raised for the Federal Accounts Allocation Committee, FAAC, in June came from non-oil sector.
Economist Predicts Recovery of Nigeria's Economy, Flays IMF Forecast
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.
NSITF Decries State of IDP Camps
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.
Kerosene Hits All-Time High
Dual Purpose Kerosene (DPK), known as kerosene, hit an alltime high price of N600 per litre at the weekend, worsening the pains of over 30 million households who depend on the product for cooking.
How AGF Saves N3.6m Monthly on Public Power Supply
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.
Interest on Recovered Loot from Tafa, Alams Hits N1.9bn –EFCC
The EFCC has said that as of March 2015, it had realised N1,956,007,974 as interest on the loot recovered from convicted former IGP, Tafa Balogun; ex-Gov, Diepreye Alamieyeseigha, and other prominent Nigerians.
We're Losing N238bn Monthly to Theft – Power Firm
The Port Harcourt Electricity Distribution Company has said it loses over seven million kilowatt-hour, an equivalent of over N238bn, to direct electricity theft a month.
STATES
Lagos Targets N50b IGR, N1tr Budget by 2018
The Lagos State government has said it would reduce dependence on federal allocation and increase its Internally Generated Revenue (IGR) to N30 billion monthly next year and N50 billion monthly in 2018.
Anambra Records $5m Vegetable Exports to Europe
In a bid to underscore the importance of diversifying the economy and attracting more industries to Anambra state, the concise Economic Blueprint of the governor has started yielding dividends.
Kebbi Farmers Deny Takeover of Farmland by Dangote Sugar
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.
Nigeria's Internet Traffic'll Grow Six-fold by 2020 — Cisco
A release of the Cisco Visual Networking Index Complete Forecast for 2015 to 2020 has shown that Nigeria's Internet Protocol traffic will grow six-fold and fixed broadband speed will increase 2.4 fold.
Sokoto To Access Kuwaiti $1bn Development Fund
As part of efforts to boost educational, cultural and business ties with Kuwait, Sokoto state government says it is making concerted efforts to benefit from the Arab country's $1billion fund.
FEATURES/OPINIONS
Film Village: Between Kannywood and the Film-Haram Advocates
Kannywood has come to stay and experts even predicted that in the next few years it will become the biggest investment in Kano city. No amount of criticism will make it go away or the Film Village.
As Nigeria Wins Fight Against Polio
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.
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