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IMF: Nigeria’s economic recovery still challenging

The International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term.

IMF asks federal government to implement urgent ‘coherent policies’ to reduce vulnerabilities

An International Monetary Fund (IMF) Mission to Nigeria has asked the federal government to take urgent action “on a coherent set of policies to reduce vulnerabilities and increase growth over the medium term remains”.

Senator Saraki: Senate to revisit calls for state police

The Senate on Tuesday said it would revisit calls for State Police and design framework for mopping up 350 million light weapons suspected to be in circulation within Nigeria.

House of Representatives probe alleged misuse of $30 billion by NDPHC

Speaker of the House of Representatives, Hon. Yakubu Dogara, has said that the House will not relent until all allegations of misuse of N10.08 trillion (about $30 billion) by the Niger Delta Power Holding Company (NDPHC) is unravelled.

Senator Saraki: 8th Senate has made great impact

President of the Senate, Dr. Abubakar Bukola Saraki, has thanked Nigerians all over the country for their support and encouragement towards the work of the 8th Senate, since it was inaugurated three years ago.

Commandant: Peace Corps Bill not dead

The national commandant of Peace Corps of Nigeria (PCN), Dickson Akoh, has debunked the insinuation that the bill seeking the establishment of the organisation is dead after the decision of the House of Representatives to override President Muhammadu Buhari’s veto was rejected.

Senate passes new CAMA bill, lists its benefits

The Nigerian Senate on Tuesday passed the repeal and re-enactment of the Companies and Allied Matters Act, which the legislative body termed the “biggest business reform bill in Nigeria in over 28 years.”

Senator Saraki pledges quick passage of CAMA, ISA Bills

President of the Senate, Dr. Abubakar Bukola Saraki, on Wednesday reiterated the commitment of the 8th National Assembly to swiftly consider and pass required amendments to the Companies and Allied Matters Act (CAMA) and the Investment and Securities Act (ISA).

CSOs, other stakeholders oppose NGO Bill amid protests

Almost all representatives of Non-Governmental Organisations (NGOs), Civil Society Organisations (CSOs) and Faith Based Organisations (FBOs) Wednesday vehemently denounced the proposed establishment of a regulatory commission for supervision, co-ordination and supervision of the groups’ activities in the country.

Oando drags SEC to appeal court

Oando Plc has headed for the Court of Appeal in its bid to lift the technical suspension imposed on its shares on the floor of the Nigerian stock market by the Securities and Exchange Commission.

Senate to partner NBA to ease passage of bills – Senator Saraki

The Senate President, Dr. Abubakar Bukola Saraki, has pledged the cooperation of the Senate with the Nigerian Bar Association to ensure easy passage of bills before the Upper House.

SEC urges shareholders to key into capital market initiatives

The Securities and Exchange Commission (SEC) has enjoined all shareholders to take advantage of the initiatives introduced in the capital market aimed primarily at strengthening the market and accelerating economic development.

PANDEF faults Presidency’s handling of Kachikwu-Baru feud

Pan Niger Delta Forum, PANDEF, yesterday, criticized the Presidency over the manner it handled the rift between the Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu and Group Managing Director, GMD, of Nigeria National Petroleum Corporation, NNPC, Dr. Maikanti Baru.

Ethnic pride and prejudice in Nigeria

Even the gateman, the cook and the cleaner will be from their own part of the country. When one of them starts a line of business, sooner than later they will populate and dominate that space with their kith and kin. Any guesses? Yoruba? Hausa/Fulani? Igbo?

Dangote, GBCHealth forge African health coalition

Dangote Foundation and GBCHealth have joined forces to forge a new model of partnership, African Business Coalition on Health (GBCHealth) in Africa.

Shareholders seek postponement of Oando’s AGM

The majority shareholders in Ansbury Investment Inc. have sent a petition to the Securities and Exchange Commission, seeking the postponement of Oando Plc’s Annual General Meeting (AGM).

CAC delists 44,000 firms, registers 1.5mn

About Forty-four thousand (44,000) companies have so far been delisted from the database of the Corporate Affairs Commission (CAC) while 1.5 million companies have been registered, the Economic Confidential has learnt on good authority.

Recent Stories

Osun guber: Governor Aregbesola’s SSG dumps APC

The Secretary to the Osun State Government, Moshood Adeoti, has resigned his membership of the ruling All Progressives Congress (APC).

Gunmen abduct Bayelsa PDP chieftain on eve of planned defection to APC

A Peoples Democratic Party (PDP) chieftain and Vice Chairman, Bayelsa State Peace and Reconciliation committee, Bibi Oweifa, has been abducted by unknown gunmen at the state secretariat annex, Yenagoa.
National Chairman of PDP, Prince Uche Secondus (R), Atiku Abubakar and behind him Otunba Gbenga Daniel, DG, Atiku Presidential Campaign Organisation, at the declaration rally of Atiku for the 2019 presidential election, at Ribadu Square, Yola, Adamawa State, yesterday.

Ex-VP Atiku Abubakar: APC turning Nigeria into another Afghanistan

Former Vice President and frontline Presidential aspirant on Peoples Democratic Party (PDP) platform, Alhaji Atiku Abubakar, has said his interest in the 2019 presidential contest is not to achieve personal political ambition, but informed by need to help address the suffering and killings across the country.

Ethiopia intercepts about $10 million in joint security operation

Ethiopia police have in the past week seized huge cash sums and arms in different parts of the country, state affiliated FANA Broadcasting Corporate have reported.
PSG's Neymar

Neymar says he is victim of ‘double standards’ for club and country

Neymar has claimed that he is the subject of double standards when he plays for Paris Saint-Germain and Brazil.