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Category: Economy

Economy

We recovered N134bn from debtors in 2016 – AMCON

Iheanyi Ejiofor May 26, 2017 headline

Asset Management Corporation of Nigeria said on Friday that it was able to recover N134bn from various debtors in the 2016 financial year. The Managing Director/Chief Executive Officer, AMCON, Mr.…

Read More We recovered N134bn from debtors in 2016 – AMCON
Economy

Jonathan shared ecological fund to PDP states only- NEC

Iheanyi Ejiofor May 26, 2017 headline

The National Economic Council, NEC, on Thursday at the end of its monthly meeting concluded that former President Goodluck Jonathan discriminated against non-PDP states in the sharing of the nation’s ecological funds. The…

Read More Jonathan shared ecological fund to PDP states only- NEC
Breaking Economy

( Updated) Senate pass PIB bill after 14 years delay

Iheanyi Ejiofor May 25, 2017 headline

At last, the Nigerian Senate on Thursday passed the long awaited but delayed Petroleum Industry Governance Bill. The PIGB is the first part of the Petroleum Industry Bill, which the National Assembly has failed…

Read More ( Updated) Senate pass PIB bill after 14 years delay
Economy

Power sector privatisation has failed – Senate

Iheanyi Ejiofor May 25, 2017 headline

The senate on Wednesday called for a review of the process that lead to the privatisation of the of the power sector because according to them the exercise has collapsed. The senators…

Read More Power sector privatisation has failed – Senate
Economy

GE wins $2.2bn narrow gauge rail concession

Iheanyi Ejiofor May 25, 2017 headline

The Federal Government on Wednesday announced that General Electric, a global conglomerate, had emerged the preferred bidder for the narrow gauge railway concession in Nigeria. It handed over the letter…

Read More GE wins $2.2bn narrow gauge rail concession

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