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Dec 5, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami
Housing Demand in Africa will Create $1.4trn Investment Opportunity by 2050 – AfDBPresident of African Development Bank (AfDB), Akinwumi Adesina, says Africa presents a unique investment opportunity that cannot be ignored. Adesina spoke at the opening ceremony of the 2024 Africa Investment Forum (AIF) Market Days on Wednesday in Rabat, Morocco.
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Dec 5, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
NNPC to Establish Five Cooking Gas Plants in KogiThe Chairman Senate Committee on Local Content, Senator Natasha Akpoti-Uduaghan, has disclosed that the Nigerian National Petroleum Company Limited is set to establish five mini-liquefied natural gas plants in Ajaokuta Local Government Area of Kogi State. The senator made the revelation on Tuesday at the Practical Nigerian Content Forum organised by the Nigerian Content Development and Monitoring Board in Bayelsa State.
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Dec 5, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
FG Invests $450m in CNG – MinisterThe Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, says the Federal Government has so far invested $450m in Compressed Natural Gas. Ekpo disclosed this at the ongoing Practical Nigerian Content Forum organised by the Nigerian Content Development and Monitoring Board in Yenagoa, Bayelsa State.
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Dec 5, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
Fuel Imports Hit 2.3bn Litres Despite Local ProductionDespite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have continued to import and distribute the product nationwide. It was gathered on Wednesday that marketers imported 2.3 billion litres of petrol between September 11 and December 5, 2024.
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Dec 4, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
PRNigeria FactCheck Debunks Claims of Multibillion Naira Discovery in El-Rufai’s Son’s HomeA viral report alleging that the Economic and Financial Crimes Commission (EFCC) discovered $800 million, ₦700 billion in cash, and ₦1 trillion worth of drugs at the home of the son of former Kaduna State Governor, Mallam Nasir Ahmed El-Rufai, has been debunked as false by PRNigeria Factcheck.
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Dec 4, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
CBN Clarifies Staff Early Exit Exercise …Says Participation is Entirely VoluntaryThe Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff. Speaking in Abuja on Wednesday, December 4, 2024, the Acting Director of Corporate Communications, Mrs.
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Dec 4, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
NDLEA Partners CCC on Anti-Drug CommunicationThe Chairman of the National Drug Law Enforcement Agency (NDLEA), Brigadier General Buba Marwa (Rtd), has called for bolstered collaboration with civil society organizations and local communities to address the pervasive drug crisis in Nigeria. General Marwa made this impassioned appeal during a courtesy visit from a delegation of the Centre for Crisis Communication (CCC) to the NDLEA’s newly inaugurated corporate headquarters in Jahi, Abuja.
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Dec 4, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
According to Dr Rabiu Olowo, the Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), has noted that the proposed valuation regulations will strengthen the financial landscape in the country. Olowo stated this at a recently held stakeholders’ engagement session in Lagos.
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Dec 4, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
The Central Bank of Nigeria (CBN) has made adjustments to foreign exchange rates for cargo clearance in Nigeria’s air and seaports, which becomes effective on Tuesday, December 3, 2024. The development comes amid the significant improvement of the local currency in the FX markets, where the naira experienced marginal appreciation against the dollar. Legit.ng reported that the US dollar traded lower in the parallel segment of the foreign exchange market on Monday, December 2, 2024.
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Dec 4, 2024 | 
economicconfidential.com | Moses Ochonu |Abdulrauf Aliyu |Muhammad Nami |Fredrick Nwabufo
The Senate has suspended action on the tax reform bills currently before it. It further instructed the Committee on Finance to stay action on the public hearing pending the time the agitation in the public space is addressed. The Senate further constituted a special committee to meet with the executive branch and work with the Federal Government to resolve the issues surrounding the tax reform bills.
