Wednesday, March 31, 2010

[News Update] Oil Sector: NEITI Exposes Nnpc , Dpr, Cbn also Firs, Agf Disagree on Epayment

 

Latest from your Factual, Authoritative and Accessible Economic Magazine, Economic Confidential www.economicconfidential.com

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Oil Sector: NEITI Exposes NNPC, DPR, NDDC, CBN: The Nigeria Extractive Industries Transparency Initiative (NEITI) has officially released its Report on 2005 Audits on the extractive industries in Nigeria indicting Nigerian National Petroleum Corporation, Central Bank of Nigeria (CBN) and Niger Delta Development Commission (NDDC) just as it discloses that Nigeria's oil production is still unknown… Read

 

FIRS, AGF Disagree Over E-payment System… Banks Accused of Diversions of Funds: The Executive Chairman of Federal Inland Revenue Service (FIRS), Mrs. Ifueko Omoigui Okauru and Accountant general of the Federation Ibrahim Dankwambo have disagreed over the success of e-payment system in the country. While FIRS accused banks of slowing down the process of prompt remittance of funds, the Office of the AGF believe the e-payment has achieved some levels of success within the federal system. … Read

 

CBN Signs Strategic Partnership with Malaysian Central Bank: The Central Bank of Nigeria and Bank Negara Malaysia (Central Bank of Malaysia) signed a memorandum of understanding to share expertise and exchange relevant information in the areas of Banking Supervision, Small and Medium Enterprises (SMEs), Microfinance, Islamic Finance, Monetary Policy, Development Finance Institutions, External Reserve Management, institutional arrangement for financial crisis management and resolution, Foreign Exchange Administration, Performance Management and Corporate Strategy, Leadership Development and Talent Management. … Read

 

Boost: ZENITH Bank Gross Earnings Up N277bn: The Zenith Bank Group, despite the impacts of the global economic meltdown, has recorded gross revenue of N277.3 billion during its reporting period ended December 31, 2009, a jump of 31% over the N211.64billion it achieved the previous year. … Read


 

FEATURES: The following features  from this Link

Budget 2010: "Mugu" Smiles Back Into Debt Trap!

Adopting the Chinese Reform for Nigeria's Economic Revival

Thailand: Protest(s) Capital of Third World Countries

China-Nigeria Relations and Timely Economic Goals

Oil in the north:The search of a generation


More Stories

Former Oyo Governor Ladoja Loses Bid to Stop EFCC Trial

Over 125 Microfinance Banks to begin e-Payment on Remita



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posted by Economic Confidential at 4:32 AM 0 comments

Wednesday, March 24, 2010

[News Update] 33 Ministerial nominees: Shamsudeen, Akunyili Make it

 

The Official list of Ministerial Nominees

The Acting President Goodluck Jonathan has actually sent a List of 33 Ministerial nominees to the Senate that include 9 for reappointments as ministers while 24 are fresh candidates. The nominees for reappointments include: Former Minister of Finance and National Planning, Dr. Shamsudeen Usman, Former Minister of Information, Prof. Dora Akunyili, Former Minister of Youths, Senator Akinlabi Olasunkanmi, Former Minister of Justice, Adetunbo Kayode from Ondo Former Minister of Transports and Mrs. Dezeani Allison Madukwe. See the entire list of the nominees and their states of origin from: The 33 First Batch of Ministerial Nominees


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Tuesday, March 23, 2010

[News Update] Dollar Rains: Ag. Pres Jonathan Releases $4.8bn from FECA to States

 

Latest from your Factual, Authoritative and Accessible Economic Magazine, Economic Confidential www.economicconfidential.com
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Dollar Rains: How FG, States Share $4.8bn from FECA in March 2010: The Ag. President Goodluck Jonathan has approved the release of $4.8bn from Foreign Excess Crude Account (FECA) apart from N383bn from FAAC in March 2010 for 3 tiers. The Economic Confidential magazine can authoritatively reveal that out of the amount oil producing states received the highest figures with Akwa Ibom taking $239mn, Rivers $220mn, Delta $211mn and Bayelsa $107mn. The lowest recipients are non-oil producing states which include Ebonyi $39mn, Nasarawa $$40.6mn, Gombe 40.7mn and Ekiti $41.3mn. See the full details and table…Read

 

Survey on Recent CBN Reform Programmes: The Central Bank of Nigeria recently unveiled the next phase of banking reforms which are targeted at enhancing the quality of banks, establishing financial stability, enabling healthy financial sector evolution and ensuring meaningful...Read

 

Attack on Website after Reporting Jonathan and Northern Military Generals: Few days after this publication, the website of the magazine www.economicconfidential.com was hacked and most of the contents from December 2009 to first week of March 2010 were removed. Luckily enough, we were able to, after some maintenance, refresh and update the site from our back-up files although most of the comments from readers could not be restored... Read

 

Fraudster Demands $2mn from Ibru as EFCC Seals Atuche's Assets: The Economic and Financial Crimes Commission, EFCC has told an FCT high court in Abuja how a fake official of the anti-graft agency who was recently arrested and arraigned approached a former CEO of Oceanic International Bank Plc, Mrs Cecilia Ibru to extort two million dollars ($2million) from her... Read

 

Private Universities to Smile as NDIC Spends N500mn on Education: The Nigeria Deposit Insurance Corporation (NDIC) has committed the sum of N464 million for education project funding scheme in Nigeria's institutions of higher learning as part of the Corporation's contribution to education and may soon extend the gesture to privately owned institutions in the country... Read

 

Oil in the North:The search of a generation: Scientific studies have shown evidence of huge deposits of hydrocarbon in the Benue trough and the far north east of the country but almost 20 years after this discovery,  exploration had shown a minimal presence of crude oil as against gas... Read

 

If President Yar'Adua Doesn't Die: The above headline is not intended to play pun or be mischievous but rather is a response to worrisome feelings amongst Nigerians on the plight of President Umaru Musa Yar'Adua over the sensationalism making the rounds on his ill health. The debate over his purported ill-health overshadowed all other critical socioeconomic matters taking place in the country... Read

 

Should Goodluck Lose His Goodwill? Nigerian Acting President, Goodluck Jonathan currently enjoys an impressive level of goodwill both internationally and internally amongst Nigerians. Citizens and internationals across board have in their majority given their support and backing to a man who seems to have all the favour in the world working for him... Read

 

JIMOH IBRAHIM: The enigma at 43: Jimoh, or Araba as his friends fondly call him (derived from his chieftaincy title as the Araba Nla of Ikale-land), is different things to different people. He is such an enigma that even people who have never come into contact with him talk as if they can write a whole chapter on him. But everyone agrees at least that here is a hugely successful young man with an un-usual rags-to-riches story... Read

 

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posted by Economic Confidential at 5:59 AM 0 comments

Monday, March 01, 2010

[News Update] Janathan May Sack Northern Generals as EFCC Arrests Ghaanaians

 

Latest from the factual, authoritative and accessible economic magazine, Economic Confidential. To join us on the Facebook, just click  Friend.


Jonathan May Sack Northern Military Generals: Any moment from now the acting President of Nigeria and Commander-in-Chief, Dr. Goodluck Jonathan may succumb to pressure into sacking some top military and intelligent officers from Northern Nigeria through a deliberate smear campaign on suspicious disloyalty. According to the finding of the Economic Confidential, the pressure is being mounted by powerful groups of politicians and ethnic leaders from the South through some selected media and blog outlets... Read

 

EFCC Arraigns Ghanaians other Over Oil Bunkering: No fewer than two Galthanaians and 15 others were arraigned before a federal high court in Asaba, Delta state by the Economic and Financial Crimes Commission, EFCC over illegal oil bunkering.  The two Ghanaians are Owusu Kwaku and Joseph Akwa Koffi.  Read

 

FG to Implement Amnesty Programme in Full- Odey: The Federal Government has reiterated its determination to vigorously pursue its amnesty programme to the letter.  The Minister for Environment, Mr. John Odey stated this in his remarks at the inauguration of a Non Governmental Organisation (NGO) Green Economics Nigeria in Abuja. Noting the challenges presently being experienced   on the rehabilitation of the militants, Odey assured that Government is committed to the implementation of the Niger Delta Regional Master Plan... Read

 

Names of Chairmen and Members of  8 Tax tribunals in Nigeria: The Finance Minister, Dr. Mansur Muhtar has inaugurated eight tax administrative tribunals to handle tax dispute in the country. The tribunals are to be situated in the six geopolitical zones of the federation and one each in former capital of Nigeria Lagos and the Federal Capital Territory Abuja. Each of the tribunals has a chairman and four commissioners. Please see the names of the chairmen and members of the tribunal ...Here


The Paradox of a Nation: A Social-Economic Perspective  By Remi Babalola: We are all involved, as stakeholders, in Corporate Nigeria.  Our political framework, though nascent and fragile, is getting embedded for the first time and the cost is affordable by us as a nation. Whatever motivations we require to confront the perceived inefficiencies in our polity, the solutions are the same.  All that is needed is positive action.  Therefore, everybody's feelings and opinions are equally important... Read
 

The Born Again Farouk Muttalab and World Peace By Les Leba: This column will take a break from its characteristic advocacy on the national economy and instead review the case of the young Nigerian, Farouk Muttalab who is currently facing trial in the United States for his failed attempt to blow up a US bound Trans Atlantic Aircraft flight on Christmas eve last year!... Read

 

American Plans to Takeover Nigeria By By McDonald Koiki:   An American anti-tax protester crashed his plane into a seven storey building in Texas on Thursday 18th February 2010; the building which accommodates office of the US Internal Revenue Service (IRS) was set on fire by the plane crash after the pilot had set his own house on fire earlier that morning and publishing a rambling suicide manifesto on the internet...Read

 

Strategic Economic Plans and Growth Indices in Nigeria By Salim Salihu Muhammed: Several ten-year plans did not take up the full period of time assigned to them (Almost, if not all failed and were abandoned). Although, it could be seen that Nigeria's economic plans didn't actually fail, the nation had only succeeded in finding a million ways that didn't work. In USSR, the initial five-year plans were created to serve in the rapid industrialization of the Soviet Union, and thus placed a major focus on heavy industry… Read

 

Operating a Small Business from Home By Sikrat Yushau: Starting a small business from home is another way for business beginners, especially fulltime housewives to make some saving and supplement some costs of domestic consumption... Read

 

Cross River Agency Appeals for Emergency Supports: The Director-General, Cross River State Emergency Management Agency, Mr. Vincent Aquah, MON has appealed to ecological experts in the Country to rally around relevant authorities to plan for possible disasters associated with wind, rain, thunder and lightening.The Director-General made the call while presenting relief materials to victims of flood and windstorm disasters in Adim, Obum and Agwagune communities in Biase Local Government Area… Read

 

How Economic Globalization Hurts Africa's Development By Abubakar Jimoh: … The impact of economic globalization could be felt in different parts of the world either positively, as in the case of developed societies or negatively, as evident in developing or third world nations – most African countries fall within this category… Read


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posted by Economic Confidential at 12:30 AM 0 comments