Yushau A. Shuaib: [News Update] Nigeria's Banks, Stocks in Crises: Govt May Reacquire Shares

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

... Government May Reacquire Shares

Dangerous signals are in the air in the Nigeria's financial sector unless urgent actions are taking to save the entire economy which presently relies on the activities of the banking and stock market. Already there is a strong feeling that the government may reacquire some of the banks any moment... Read

Special Fund: N200bn to be allocated to Agriculture- CBN

...Warns Against High Demands for Forex

The Central Bank of Nigeria has disclosed that a Special Fund of about N200bn would be allocated to the agricultural sector to boost food production while warning against the high demand for Foreign Exchange [FOREX] as a result of the current financial meltdown will spend doom for the Nigerian economy... Read

Manufacturers Reject High Lending Rates

Manufacturers operating in the Nigerian economic environment have kicked against high lending rates. The chairman, Economic Committee of the Manufacturers Association of Nigeria [MAN], Chief Clement A Olowokande frowned at the exorbitant lending rates in the country, stressing that it is anti production... Read

More States Go E-Payment with Remita

As the federal government e-payment regime for all her contractors and suppliers kicks off in January 2009, more states have join the league in the application of latest technology in business transaction, just as the Ogun State government celebrates its success story in e-payment with Remita... Read

Governor Sambo Presents N153.17bn Budget

…Endorsed by LGs' Chairmen

The Kaduna state government is to spend the sum of N153.170 billion for the 2009 fiscal year. The state governor, Arch. Mohammed Namadi Sambo made this known when he presented the budget proposal to the state House of Assembly... Read

Also: Full Detail of Budget 2009 of Kaduna State

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