Business

Business

Islamic Bank Invests Heavily in Nigeria’s Economy

March 2012 Economic Confidential

The Islamic Development Bank (IDB) has continued to invest billions of Nigeria into the Nigeria’s economy. The Vice President of Nigeria, Arc Mohammed Namadi Sambo testified to the development when he said that IDB is a veritable development partner for its investments in education, energy and infrastructural project in the country.

The Vice President stated this when he received the President of ...

Dangote: The Richest Man in Africa Donates Billions for Education and CSR

March 2012 Economic Confidential

Before the Forbes magazine declared Alhaji Aliko Dangote, once again as the richest man in Africa, his Dangote conglomerate had injected over N1billion into the nation’s educational sector, as part of its commitment to educational development in Nigeria.

As the only African in the list of 100 richest people worldwide, his company recently donated about N15.5billion in 2011 as part of its Corporate ...

CBN Communiqué No. 80

December 2011 Economic Confidential

Central Bank of Nigeria Communiqué No. 80 of the Monetary Policy Committee Meeting, Monday, November 21, 2011
The Monetary Policy Committee (MPC) met with 11 out of the 12 members present on 21st November, 2011 to review domestic economic conditions up to the early part of Q4 2011 and the challenges ...

Airtel Does Not Employ Casual Staff and Did Not Sack Any Employees

October 2011 Economic Confidential

…SEEKS SUPPORT FOR ITS FACILITIES

Lagos, Nigeria: Airtel Nigeria refers to media reports today, Wednesday, October 5, 2011 regarding a press conference by the Nigeria Labour Congress (NLC) accusing our organization of casualisation.

Also, there have been reports in some sections of the media and sever...

Cement: Dangote signs $750 million investment agreements in Congo, Ethiopia

October 2011 Economic Confidential

In continuation of its investment expansion drive, the Pan-African Conglomerate, the Dangote Group has signed fresh investment agreements worth $750 million with the government of two African countries for the production of cement.

During the week, the Dangote group signed a $350million investment ag...

Central Bank of Nigeria Communiqué No. 77

August 2011 Economic Confidential

... of the Monetary Policy CommitteeMeeting, July 25 – 26, 2011

The Monetary Policy Committee (MPC) met on 25th and 26th July, 2011 to review domestic economic conditions during the first half of 2011 and the challenges facing the Nigerian economy against the backdrop of developments in the intern...

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RMAFC Charges NNPC, Others to Stamp Out Oil Theft

10-2011 | Economic Confidential The Chairman of Revenue Mobilization Allocation and Fiscal Commission(RMAFC), Engr. Elias Mbam has charged the Nigerian National Petroleum Corporation(NNPC) and other stakeholders to stamp out oil the...

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