[News Update] Dollar Rains: Ag. Pres Jonathan Releases $4.8bn from FECA to States
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..
Attack on Website after Reporting Jonathan and Northern Military Generals: Few days after this publication, the website of the magazine www.economicconfide
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
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