Sunday, January 25, 2009

[News Update] Excess Crude: States Demand N1.4 trillion as LG Boss Places Ad on Yar'Adua's Daughter

Latest from the Economic Confidential (www.economicconfidential.com)

 

 

States Insist Excess Crude Funds Should be Put in Escrow Account

...Lagos State joins the Suit on illegal Deductions at the Apex Court

…. Demands for Refunds now N1.4 trillion from N1.1trillion

The states in the federation has insisted that the funds accrued into the Excess Crude Account should be Deposited in an Escrow Account just as the total amount for refunds over illegal deductions from the Federation rises to N1.4 trillion as Lagos State joins 13 other states at the Supreme Court over the operation of the Federation Account... Read

 

Local Governments' Funds: Boss Places Congratulatory Advert on Wedding of Yar'Adua's Daughter

When many local areas are crying for developments, in what may sound like a Mother-of-all-congratulatory-message, a Chairman of a Local Government Council in Nigeria has placed a full page advertorial in national media to congratulate President Umaru Musa Yar'Adua over the wedding of his daughter in Katsina to the Governor of Bauchi State… Read

 

 Other News Items

Ø  VP Inaugurates NEMA Governing Council

Ø  Nigerian Banks' Performance 2008 and First Week of January 2009

Ø  New policy vests tax variation powers in N' Assembly

Ø  Excess Crude Account Not for Sharing – Finance Minister of State

Ø  Ministry of Science to Stem Natural Disaster

Ø  FIRS' Boss dedicates award to taxpayers as it nets N2.972trillion

Ø  Infrastructure Concession will be transparent – Shonekan

 

Media Updates in the Homepage

v  Police parade goat as robbery suspect

v  Petrol now N65 a litre

v  Kano, Now Most Populous – Census

v  FIRS boss advises FG on 2009 budget

v  Spain partners Kano on industrial growth

v  2009 budget- Reps postpone passage

v  Excess crude fund- FG opts for settlement

 

 

 

All of these and more from www.economicconfidential.com

Economic Confidential

Factual, Authoritative and Accesible
Nigeria's Economic Magazine

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Sharing factual, timely and authoritative economic news, analyses and data, especially on Nigeria's economy from reliable sources.
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