Latest reports from the Economic Confidential
President Buhari: Era of Free Money Gone
President Muahmmadu Buhari has said that the era of free and easy money in the country had gone for good.
SGF: Revenue Has Dropped by 40%, Budget Will be Partially Implemented
The federal government wednesday said its earnings had declined by 40 per cent as a result of the drastic fall in oil prices, as well as the persistent attacks on oil installations in the Niger Delta.
Read: https://economicconfidential.com/2016/07/sgf-revenue-dropped-40-budget-will-partially-implemented/
FG Creates 'Special Force' to Protect Agro-Investment
As part of measures to stave off further attacks on farmlands as well as reduce incidences of cattle-rustling in some parts of the country, the federal government is creating e a 'Special Force' Read: https://economicconfidential.com/2016/07/fg-creates-special-force-protect-agro-investment/
Pipeline Bombings: Militant Group Announces Ceasefire
A militant group, based in Bayelsa State has declared a two-week ceasefire within which it urged President Muhammadu Buhari to review his hard-line stance to dialogue with militants.
Read: https://economicconfidential.com/2016/07/pipeline-bombings-militant-group-announces-ceasefire/
Good News for Consumers as Court Annuls 45% Electricity Tariff Hike
Federal High Court sitting in Lagos, has annulled the increment in electricity tariff recently announced by the Nigerian Electricity Regulatory Commission, NERC.
Naira Tumbles to 360 as Dollar Supply Dries Up
The naira fell to 360 against the United States dollar at the parallel market on Wednesday as the supply of the greenback waned at the foreign exchange market.
World Bank, NESG seek to Boost Nigeria's Competitiveness
The World Bank, the Nigerian Economic Summit Group and other stakeholders have highlighted the need to improve Nigeria's competitiveness in a bid to accelerate economic development
FIRS Shuts Oil Firms Over Tax Evasion
The Federal Inland Revenue Service has sealed off two oil services companies in Port Harcourt, Rivers State.
Nigeria Moves to Deploy Women in Economic Resuscitation
The Nigerian Export Promotion Council, NEPC, organizes Nigeria's First Women in Export Stakeholders' Roundtable and Exhibition designed to sensitize the Nigerian woman on tradeing.
Read: https://economicconfidential.com/2016/07/nigeria-moves-to-deploy-women-in-economic-resuscitation/
EFCC Seals off First Group's Office over Monumental $200bn Scam
The Economic and Financial Crimes Commission (EFCC) has sealed off the office of the First Group company, a real estate firm located on the 7th floor of the Bank of Industry building in the Central Business District, Abuja.
Power Grid Collapsed 21 Times in Six Months
The nation's power grid recorded 21 collapses in the first half of the year, industry data obtained by has indicated.
FG Stops Remittance of Workers' Pension Deductions
The Federal Government has not been remitting the pension contributions of most of its workers into their Retirement Savings Accounts under the Contributory Pension SchemeRead: https://economicconfidential.com/2016/07/fg-stops-remittance-workers-pension-deductions/
FG Appoints Firms to Audit Parastatals, Agencies' Remittances
The Federal Government has appointed 18 professional accounting firms to audit the revenues remitted by 33 of its parastatals and agencies.
'Nigeria Spends $11bn Yearly on Food Importation'
The Lagos State Government says Nigeria spends $11bn (N3.1tn) annually to import wheat, rice, sugar and fish.
Reps Move to Criminalise Non-payment of Workers' Salaries
The House of Representatives has moved to prescribe punishment for employers in the country who either fail to pay salaries to their workers or pay workers salaries, wages and pensions late.
Tony Attah Replaces Omotowa as New NLNG Boss
The Nigeria Liquefied Natural Gas Limited (NLNG) has appointed Tony Attah, as its Managing Director and Chief Executive Officer.
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