[News Update] No 2nd Term for YarÁdua- Billionaire Debtors, As CBN Supports Deregulation

 

Latest from the Economic Confidential (www.economicconfidential.com)   Cover No 2nd Term Funding for YarÁdua – Billionaire-Debtors Vow With almost all the names of bigwigs in Nigeria's corporate and political circles published in the list of Bad debtors in the country, the re-election of President Umaru Musa YarÁdua in 2011 is in jeopardy due to massive mobilisation and underground gang up to ensure that he does not return to power after the first tenure... In a finding by the Economic Confidential, secret meetings have been held within and mostly outside the shore of the country from the prying eyes of the security networks... Read   Exclusive Interview No more Needless Borrowing by Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission Any breach of the provisions of the Fiscal Responsibility Act is liable to prosecution. The Act criminalises all acts of slothfulness in the course of budget preparation, implementation, monitoring, and reporting.  Essentially, the Fiscal Management Commission will be responsible for monitoring and enforcement.   It will investigate and forward violations to the Attorney – General for prosecution... Read   Editorial Suite Odds against downstream deregulation - By Chijama Ogbu President Umaru Yar'Adua wants Nigerians to see the economic benefits of deregulation and embrace it with open arms. A whopping N600 billion plus will be saved annually by simply allowing petroleum products prices find their own levels. This money when freed up, as his government's argument goes, will used in solving the festering problems of infrastructure in the country... Read   Monetary CBN Supports Deregulation, Allows ETB to Rectify Lapses Communiqué No. 66 of the Monetary Policy Committee Meeting List of Major Debtors in Nigeria   State News Kano Spends N1bn on Sports Development as Governor bagged 'Sardauna'   National News Odey Inaugurates Panel on IWMF in Niger Delta Finally FG, States Share $2bn from Excess Crude Account   More as usual from the online version of:   Economic Confidential Factual, Authoritative and Accesible Nigeria's Economic Magazine www.economicconfidential.com

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