According to Nigeria News reports that “National Bureau of Statistics (NBS) yesterday said the Consumer Price Index (CPI) has further dropped to 15.91 percent in October from 15.98 percent recorded in September, thus making it the ninth consecutive disinflation (slowdown in the inflation rate) in headline year on year inflation since January 2017. On a month-on-month basis, the headline index increased by 0.76 percent in October 2017, 0.02 percent points lower from the rate of 0.78 percent recorded in September.”
Vanguard reports that the “Federal Executive Council (FEC) approved N458 million for the engagement of Malaysia-based consultants to conduct a study to aid implementation of National Economic Recovery and Growth Plan, ERGP. FEC also approved the construction of Gombe-Biu Road estimated to cost N27 billion.”
“The Nigerian National Petroleum Corporation (NNPC) said it is executing a major restructuring of its corporate governance framework to create an accountable and fraud repellent system across its value chain. The Group Managing Director (GMD) of the Corporation, Dr. Maikanti Baru, made the disclosure while declaring open the 2017 Fraud Awareness Week at the NNCPC Towers, Abuja on Tuesday”, so reports Leadership.
Guardian reports that “the Nigerian Content Development and Monitoring Board (NCDMB) has released N7.2 billion for disbursement to local oil entrepreneurs with a view to boosting their participation in the oil business.”
The Minister of Power, Works and Housing, Babatunde Fashola, yesterday stated that the federal government has paid over N60 billion out of the N70 million verified MDA’s electricity debts. Today.ng reported that the Minister stated this Wednesday at a workshop put together to enlighten journalists who report the sector to enable do inform reporting.