Monday, June 29, 2009

[News Update] Supreme Court: 20 States Demand N2.2tr From FG Over Illegalities, Also BPE...



Latest from the Economic Confidential www.economicconfidential.com
 

Supreme Court: 20 States Demand N2.2tr from FG Over Illegal Deductions

There are now 20 states controlled by different political parties (PDP, AC, ANPP and PPA)with a fresh total demand for a refund of N2.2trillion on the illegal deductions by the Federal Government on the management of revenues that accrued to, or which ought to have accrued to the Federation Account over the period 2004 to 2007. They are ... Read

 

BPE Never Privatize Ajaokuta Steel Company - DG

…To Ensure job security and retraining of workers in Privatization Process

The Bureau of Public Enterprises (BPE) has exonerated itself from the privatization of controversial Ajaokuta Steel Company in Kogi State saying that the process was executed by a Federal Ministry just as it now focuses on employment generation and retraining in subsequent privatization exercise.The Director General of Bureau of Public Enterprises Dr. Christopher Uloneme Anyanwu told Economic Confidential, an online economic intelligent journal that BPE did not privatize Ajaokuta, it was done by a Ministry...Read

 

NEMA Advocates Insurance Cover against Disasters

The National Emergency Management Agency (NEMA) has advocated the importance of Insurance Cover for traders and small business for quick recovery after natural and man-indicused disasters, especially against market fire, floods and building collapse... Read

 

12 Ambassadors: Unity Bank doles out 12 Picantos

Fast-growing banking group, Unity Bank Plc, is set to host the eagerly-awaited award ceremony for winners of The 12 Ambassadors TV reality show aimed at discovering new movie stars in Nigeria... Read

 

FIRS Generates Taxpayers Numbers for Bank Customers

The Federal Inland Revenue Service is on the verge of completion of generating Taxpayer Identification Numbers, TIN for all corporate bank account customers. This is contained in the Monthly Report of the FIRS for the month of May 2009, released recently... Read


You can read more stories and well researched features from the Homepage
Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine

__._,_.___
Sharing factual, timely and authoritative economic news, analyses and data, especially on Nigeria's economy from reliable sources.
Recent Activity
Visit Your Group
Give Back

Yahoo! for Good

Get inspired

by a good cause.

Y! Toolbar

Get it Free!

easy 1-click access

to your groups.

Yahoo! Groups

Start a group

in 3 easy steps.

Connect with others.

.

__,_._,___

Monday, June 15, 2009

[News Update] NNPC's N1.15 trillion Subsidy Claim for Probe, CBN too... and Who is a Northerner?



Latest from Economic Confidential www.economicconfidential.com

 

States Endorse Probe of NNPC's N1.15 trillion Subsidy Claims

 …Insists CBN to Refund 1% Charges on Paris Club Debt Exit

 The Federation Account Allocation Committee (FAAC) which has representatives from each state of the federation and Federal Capital City, has endorsed an independent audit of subsidy claims by the Nigerian National Petroleum Corporation (NNPC) estimating at N1.155 trillion by the Federal Government.

 

NITEL Panel Takes Over from Transcorp Finally

The newly constituted but yet to be inaugurated technical board on Nitel and its mobile arm would meet at the Bureau of Public Enterprises BPE to take over and chart a course for its management of the ailing enterprises after the government revoked revoked the sale to Transnational Corporation of Nigeria (Transcorp).

 

FG Approves Another N348 Billion for Power Supply

The Federal Government has taken additional measures towards improving the power supply situation in the country. The Federal Executive Council [FEC] has approved and ratified nine contracts totaling N348 billion at an Extra-ordinary FEC on Power convened by President Umaru Musa Yar'Adua.

 

Nigeria and Britain Sign MOU on Climate Change

… As it Commences Green campaign

 The Minister of Environment, Mr. John Odey has stated that an effective global response to climate change remains an important international objective for Nigeria.

 

 

Exciting features:

*AFC YarÁdua and the Rule of Law - By Les Leba

Banking consolidation which 'decreed' larger banks into existence, created amalgams of strange bedfellows and the promises of an energized banking sector that would stimulate economic growth and investments have been largely unfulfilled, such that only the banks seem to be dancing magnificently…

 

*What Maketh A Northerner?  - By Abubakar Suleiman  

A Negro and an African, a Nigerian and a Northerner and, yes most definitely a Muslim… I think Ngozi is good (brilliant) and Ndidi is bad (disastrous), I hold Bode Agusto as exemplary and Bode George a shame, I know Sanusi to be straight and Shamsudeen a sham…

 

*Crude oil and Nigeria's failed development - By Moses Braimah

Crude oil and gas exports accounts for more than 98% of our export earnings and about 83% of federal government revenue, as well as over 40% of GDP. It also provides 95% of foreign exchange earnings, and about 65% of government budgetary revenues.

 

*Efforts to Combat Climate Change in Nigeria -By John Odey

Climate Change impacts could pose great dangers with consequences of desertification, sea-level rise, flooding and water salinity among others. These impacts could manifest in food security challenges, damage to infrastructure and social dislocation. Additional impact is threat to Health as rising temperature could bring about diseases like Cerebro – Spinal Meningitis (CSM), Malaria and other related illnesses.

 

*Muslims, the Internet and Messengers?  -By Nurain H. Ibrahim   

Muslims use the Internet to send and receive emails on Islamic teachings, for discussion of local and international politics, to find answers to theological questions and even for personal issues (such as the Muslim dating websites that single men and women are increasingly resorting to, to find Mr. or Mrs. Right).

 

*Still on Sanusi Lamido's Suitability for CBN -By Abbas Liman

*Reminiscences of Nigeria -By Akintokunbo A Adejumo

*Between Ladi Lawal and Taju AbdulRaheem- By Boniface Kassam

*That World Environment Day - By Lawrence Adebayo Thomas

*Nigeria e-passport Costs- Akintokunbo A. Adejumo

 

Economic Confidential

Factual, Authoritative and Accesible
Nigeria's Economic Magazine

__._,_.___
Sharing factual, timely and authoritative economic news, analyses and data, especially on Nigeria's economy from reliable sources.
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Biz Resources

Y! Small Business

Articles, tools,

forms, and more.

New web site?

Drive traffic now.

Get your business

on Yahoo! search.

.

__,_._,___

Wednesday, June 03, 2009

[News Update] Table of Sharing of N230bn in May: Akwa Ibom Richer, Cross River Poorer



Latest from Economic Confidential (www.economicconfidential.com)

 

 

FACTS AND FIGURES

The Sharing of N230bn in May: Akwa Ibom Still Richer, Cross River poorer

For the second time this year, the Economic Confidential reveals that Akwa Ibom is still the highest recipient from the Federation Account Allocation in May 2009 receiving a total sum of N8.3bn followed by Rivers State which received N8.05bn, Delta N7.4bn, Lagos N6.7bn and Kano N5.18bn. The lowest recipients include the oil-producing Cross River state which received N2.088bn only higher in allocation than Gombe N2.12bn, Nasarawa N2.081bn, Ebonyi N2.04bn and Ekiti N2.20bn... Read and see Table

 

INTERVIEWS

How NDIC Handles Depositors' Funds … Fortune and Savannah Banks - MD NDIC

Recently the Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr. Ganiyu Ogunleye (OFR), invited the Economic Confidential to media activities as part of the events organized to celebrate the corporation's 20th Anniversary. From the interactions that ensured with the MD, the Economic Confidential provides his responses to various burning issues in respect of the corporation...Read

 

How E-payment can move Nigeria in the Global Development Index!

–John T. Obaro of SystemSpecs

Mr. John Tanimola Obaro is the Managing Director of SystemSpecs – Nigeria's leading HR, Payroll, Accounting and e-payment solutions provider. He has at various times worked with the Leventis Group, United Bank for Africa and IMB (an affiliate of the Bank of Chicago) among other institutions.  In this interview with the Economic Confidential, Obaro introduces readers to the challenges of IT in Nigeria, especially with references to the deployment of E-payment in government... Read

 

PROFILE

Gabriel Ogunsina: God-fearing Auditor

The staffs and those close to him say he is godfathering, humble and very hardworking officer who can hardly hurt a fly. This modest gentleman believes in the maxim that says "God's time is the best." Gabriel Folurunso Ogunsina as a most senior Director, he was named recently as the Auditor General of the Federation...Read

 

EDITORIAL SUITE

A Thieving Public Service

 

 

More from Media Updates in HomePage

www.economicconfidential.com

*CBN Gov: Sanusi faces full Senate today

*AFC Probes, Yar'Adua Clears Soludo

*Govt suspends gas export projects

*Reps back Globacom's bid for NITEL

*Elumelu, others to face 158 fresh charges

*Fear grips banks over militants' accounts

*Budget 09- UMYA, NASSFace-off Deepens

*How govt nailed Transcorp over Nitel

*10 yrs of economic motion, no movement

*Etisalat offers cheaper call and SMS rates



 
Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine

__._,_.___
Sharing factual, timely and authoritative economic news, analyses and data, especially on Nigeria's economy from reliable sources.
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Sell Online

Start selling with

our award-winning

e-commerce tools.

Search Ads

Get new customers.

List your web site

in Yahoo! Search.

.

__,_._,___

[News Update] Table of sharing of N230bn in May: Akwa Ibom Richer, Cross River Poorer



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

 

 

FACTS AND FIGURES

The Sharing of N230bn in May: Akwa Ibom Still Richer, Cross River poorer

For the second time this year, the Economic Confidential reveals that Akwa Ibom is still the highest recipient from the Federation Account Allocation in May 2009 receiving a total sum of N8.3bn followed by Rivers State which received N8.05bn, Delta N7.4bn, Lagos N6.7bn and Kano N5.18bn. The lowest recipients include the oil-producing Cross River state which received N2.088bn only higher in allocation than Gombe N2.12bn, Nasarawa N2.081bn, Ebonyi N2.04bn and Ekiti N2.20bn... Read and see Table

 

INTERVIEWS

How NDIC Handles Depositors' Funds … Fortune and Savannah Banks - MD NDIC

Recently the Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Mr. Ganiyu Ogunleye (OFR), invited the Economic Confidential to media activities as part of the events organized to celebrate the corporation's 20th Anniversary. From the interactions that ensured with the MD, the Economic Confidential provides his responses to various burning issues in respect of the corporation...Read

 

How E-payment can move Nigeria in the Global Development Index!

–John T. Obaro of SystemSpecs

Mr. John Tanimola Obaro is the Managing Director of SystemSpecs – Nigeria's leading HR, Payroll, Accounting and e-payment solutions provider. He has at various times worked with the Leventis Group, United Bank for Africa and IMB (an affiliate of the Bank of Chicago) among other institutions.  In this interview with the Economic Confidential, Obaro introduces readers to the challenges of IT in Nigeria, especially with references to the deployment of E-payment in government... Read

 

PROFILE

Gabriel Ogunsina: God-fearing Auditor

The staffs and those close to him say he is godfathering, humble and very hardworking officer who can hardly hurt a fly. This modest gentleman believes in the maxim that says "God's time is the best." Gabriel Folurunso Ogunsina as a most senior Director, he was named recently as the Auditor General of the Federation...Read

 

EDITORIAL SUITE

A Thieving Public Service

 

 

More from Media Updates in HomePage

www.economicconfidential.com

*CBN Gov: Sanusi faces full Senate today

*AFC Probes, Yar'Adua Clears Soludo

*Govt suspends gas export projects

*Reps back Globacom's bid for NITEL

*Elumelu, others to face 158 fresh charges

*Fear grips banks over militants' accounts

*Budget 09- UMYA, NASSFace-off Deepens

*How govt nailed Transcorp over Nitel

*10 yrs of economic motion, no movement

*Etisalat offers cheaper call and SMS rates

 
Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine

__._,_.___
Sharing factual, timely and authoritative economic news, analyses and data, especially on Nigeria's economy from reliable sources.
Recent Activity
Visit Your Group
Give Back

Yahoo! for Good

Get inspired

by a good cause.

Y! Toolbar

Get it Free!

easy 1-click access

to your groups.

Yahoo! Groups

Start a group

in 3 easy steps.

Connect with others.

.

__,_._,___