Wednesday, March 09, 2016

[News Update] Finally, Finance Minister Adeosun Breaks Silence on the Economy

 

Latest from the Economic Confidential, the factual, authoritative and accessible economic magazine

Financial Discipline… making every Naira count- An Article  by Finance Minister, Kemi Adeosun
In the short period that I have been privileged to serve as Minister of Finance, I have observed that even the most basic systems and controls over the management of our resources are in dire need of strengthening. Read: http://economicconfidential.com/2016/03/financial-discipline-making-every-naira-count/

Nigeria's GDP down slides to 2.11% in Fourth Quarter
Nigeria's real Gross Domestic Product (GDP) growth rate declined to 2.11 per cent in the fourth quarter of last year compared to 2.84 per cent in the third quarter, according to the National Bureau of Statistics (NBS). Read: http://economicconfidential.com/2016/03/9513/

Nigeria, Switzerland begin discussion on $321m Abacha loot
Federal Government has initiated negotiations with the Swiss Government on the process of repatriating another $321 million looted fund stashed away in a Swiss bank back to the country. Read: http://economicconfidential.com/2016/03/9511/

2016 Budget: Hope rises as oil price hit $40/bl
The price of Brent crude this week rose for the sixth consecutive trading day in a row, hitting a 2016 peak of over $40 a barrel, as buyers were encouraged by talk that the Organisation of Petroleum Exporting Countries (OPEC) was targeting a higher anchor price after a sell-off that has lasted nearly two years. Read: http://economicconfidential.com/2016/03/9499/

NNPC's new units get heads
The federal government has approved the unbundling of the Nigerian National Petroleum Corporation (NNPC) into seven independent operational units with immediate effect. The new units include those for Upstream, Downstream, Gas & Power, Refineries, Ventures, Corporate Planning & Services and Finance and Accounts. Read: http://economicconfidential.com/2016/03/9515/


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posted by Economic Confidential at 3:38 AM

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