Monday, May 24, 2010

[News Update] A Woman Sacked NNPC Boss as FG Says No More Father Xmas to States

 

Latest from the Factual, Authoritative and Accessible Economic Confidential magazine www.economicconfidential.com. Dont forget you may follow or join us on the Facebook. just click on this: Friend

FG to Put Embargo on Excess Crude Account... No More Father Xmas
President Goodluck Jonathan is facing a dilemma over agitation for release of funds from the Excess Crude Account (ECA). He is in a delicate situation, as a President, to either approve the release of funds from the account as demanded by governors and local governments chairmen or consider placing embargo on the funds for now as advised by his economic and monetary experts. He has now decided "No More Father Xmas for States and LGCs!" READ

How a Powerful Woman Sacked NNPC Boss
The removal of the immediate boss of Nigerian National Petroleum Corporation (NNPC), Barrister Shehu Ladan has nothing to do with a speculated political ambition to be the Deputy Governor of Kaduna State. A highly reliable source in the oil industry told Economic Confidential magazine bluntly that: "How can you compare the position of the Group Managing Director of NNPC with an ordinary Deputy Governor of a state when even some governors wouldn't mind to resign for the top position in the oil sector?" He was removed by a new powerful woman in government. READ

Usman Inaugurates a Committee for Nigerian Economic Summit
The Minister/Deputy Chairman, National Planning Commission, Dr. Shamsudeen Usman has inaugurated the Joint Planning Committee for the Sixteenth Nigeria Economic Summit (NES16) with members drawn from the Nigerian Economic Summit Group- NESG (representative of Private the sector) and the National Planning Commission (representative of public sector) to work towards facilitating the successful hosting of this year's Summit. READ

€17mn Siemens Scam: Former Ministers Investigated
In its determined bid to thoroughly investigate the involvement of some prominent Nigerians in the 17.5million Euro Siemens bribery scam, the Economic and Financial Crimes Commission, EFCC, has summoned three former ministers who are alleged to have been indicted in the scandal for interrogation. READ

When Kaduna sneezes, the nation catches cold
The last few days will go down in the annals of our nation's history for their historic significance. After a protracted illness, our beloved former President, Alhaji Umaru Musa Yar'Adua finally answered the divine call to return to his maker. We continue to pray that Almighty God will grant him peace. Memories of his great work, life, vision and dreams for our nation will continue to inspire and guide us. READ

Advanced Fee Fraud and the Nigerian Experience
The Advanced Fee Fraud crime is the 419 criminal code section of the Nigerian constitution, which is completely outlawed. The 419 crime is always perfected in such a clever way that the victims believe that the fraudsters are doing honest business, but later discover that all is false. This is after when the victims would have suffered some financial and material losses to the 419ners. There are victims who have suffered this type of false business transaction. However, most of the victims of the 419 frauds are some time also not honest because they are always willing and eager to benefit where they do not invest. READ

MDGS and Institutionalization of Public Accountability
The Society for Monitoring and Evaluation (SMEAN) is a community of practitioners committed to promoting evidence-based planning and value for money on all public investments in Nigeria. The membership of the society is devoted to the institutionalisation of public accountability in all levels of public administration in Nigeria. READ

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posted by Economic Confidential at 3:17 AM 0 comments

Monday, May 17, 2010

[News Update] States Face Economic Crises, Only 3 May Survive without FAAC

 

Latest from the Factual, Authoritative and Accessible Economic Confidential magazine www.economicconfidential.com. Dont forget you may follow or join us on the Facebook. just click on this: Friend.

States Face Economic Crises, Only 3 States May Survive without FAAC
President Goodluck Jonathan may soon face a serious challenge of satisfying weaker states that could not survive without monthly allocations from the Federation Account. With less than $5bn in the Excess Crude Account, many states in Nigeria may soon face financial crises due to the dwindling revenue from oil, reckless spending by some governments and deduction for JVC. The Economic Confidential gathered that only 3 states... READ

Between Economic Profligacy and Performances - Finance Minister of State
Over the past 10 years, the growth of discretionary spending by all tiers of government in this country outpaced the annual growth rate of the overall economy with deficits being the expected consequence. The production and price assumptions in the 2010 budget leave minimal headroom for adjustment and expose the economy to higher risks of exogenous shocks... READ

Good Governance and Regulatory Leadership- SEC Boss
Directors should not be members of Boards of Companies in the same industry to avoid conflict of interest, breach of confidentiality and misappropriation of corporate opportunity... Furthermore, the SEC had directed the Nigerian Stock Exchange ensure that  all publicly quoted companies  comply with the provisions to file their quarterly earnings forecast in line with provisions of the ISA. In the event of inability to fulfill the forecast the companies are expected to disclose to the exchange... READ

Why are appropriate policies not adopted in Nigeria- Dr. Martin Oluba
We need appropriate public policies. No doubt about it? They cushion or eliminate many of the challenges that we face. With many of such across the public sector decision-making terrain, many of our challenges as a country will inevitably be resolved. However, beside the fundamental issues pertaining to the adequacy and appropriateness of policy components and processes, concerns have revolved around the determination of the actual point where chances of unriddling the identified chain of Nigeria's problems are frustrated... READ

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posted by Economic Confidential at 5:53 AM 0 comments

Sunday, May 16, 2010

Re: [News Update] RMAFC: Hamman, 24 Others to Go, El-Rufai for Fed Appointment

 

Our People, please disregard the mischievous sms texts being circulated on the change of Government in Kaduna State.


Just as in Adamawa State in 1999, the change of leadership did not affect the Administration's Agenda

Please pass it on to your friends....

On Tue, May 4, 2010 at 3:51 PM, Economic Confidential <economicconfidential@yahoo.com> wrote:
 

Latest from the Factual, Authoritative and Accessible Economic Confidential magazine www.economicconfidential.com. Dont forget you may follow or join us on the Facebook. just click on this: Friend.

RMAFC: Tukur, 24 others to go: The chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Engr. Hamman Tukur and 24 other Federal Commissioners of the agency will complete their full tenure on May 12, 2010. The list of those leaving the commission is here. READ 

Nasir El-Rufai for Federal Appointment … Allegations may be quashed: The former Minister of the Federal Capital Territory, Mallam Nasir El-Rufai who recently returned to the country from self-exile in Britain is due to be offered an appointment by acting President Goodluck Jonathan that would not require the approval of federal legislators. READ

FIRS Boss Slams N10bn Suit Against Newspaper, Consultant: The Executive Chairman of the Federal Inland Revenue Service, Mrs. Ifueko Omoigui Okauru, has instituted a N10 billion naira suit against a Lagos Weekly newspaper, The Premier, published by Roobbs Communication Network Limited and an accountant, Mr. Fidelis Uzonwanne. READ

N1.6tn Pension Funds: PENCOM, ICRC to collaborate on Infrastructure Finance: With accumulated pension contributions running to over N1.6trillion as at February 2010, the National Pension Commission is seeking collaboration with the Infrastructure Concession Regulatory Commission for massive investment in long-term infrastructure finance. READ

Special Focus on the Corporate Affairs Commission: The Corporate Affairs Commission was established by the Companies and Allied Matters Act , which was promulgated in 1990 to regulate the formation and management of companies in Nigeria. READ

Shekarau Approves Enhanced Salary for Workers… says not all Nigerians are corrupt: The governor of Kano State, Mallam Ibrahim Shekarau who has approved the enhancement of salaries of various professional cadres in the state civil service, said that not all Nigerians are corrupt. READ

A Tribute to Engr. Hamman Tukur of Revenue Commission: In few days or precisely on the 12th of May, 2010, the second term tenure of Engr. Hamman A. Tukur, mni, OFR, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission would come to an end. By that, Tukur had served the Commission for 10years having appointed earlier in September 1999. READ

A Focus on Education and Sustainable Economic Growth
In today's technologically-based global economy, considerable emphasis is placed on the contribution made by people, or what economists refer to as human capital, to economic growth. The theory is that the relative contribution of individuals to growth depends on their human capital – the knowledge, skills, competencies and other attributes that are relevant to economic activity. READ

Protecting the Family during the Rainy Season: Another holiday is over. Children are back in schools. After the terrible hot season with accompanied harsh weather, most parts of the country would start to witness the arrival of the rainy season. READ


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posted by Economic Confidential at 8:02 AM 0 comments

Thursday, May 13, 2010

[News Update] Ibori for Extradition from Dubai, Who is Namadi Sambo

 

Latest from the Factual, Authoritative and Accessible Economic Confidential magazine www.economicconfidential.com. Dont forget you may follow or join us on the Facebook. just click on this: Friend.

Ibori Arrested in Dubai to be Extradicted – Waziri
Chairman of the Economic and Financial Crimes Commission, EFCC, Mrs. Farida Waziri has said that the anti-graft agency is working with other security agencies such as Interpol and Met Police, UK on the possible extradition of the former governor of Delta State, Mr. James Onanefe Ibori, who was arrested in Dubai , United Arabs Emirate, UAE on Wednesday May 12... READ

Namadi DSambo: The VP in the Making
The Economic Confidential gathered that when pressure were mounted by various political and sectional groups which are almost about to create divisions in the ruling party PDP, President Jonathan decided to pick a neutral candidate that is not in contention. Some of the groups that have made nominations include Obasanjo's faction, IBB Boys, Governors' forum, Legislators camp, Danjuma team and regional groups. Namadi Sambo, apart from distancing himself from the controversy, the other candidates from his state may not pass the SSS screening over heath problems, while another candidate is too controversial to even pass the screening by federal legislators... READ


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posted by Economic Confidential at 8:38 AM 0 comments

Wednesday, May 05, 2010

[News Update] RIP: Yar'Adua Gone Finally to the Creator

 

Yar'Adua is Gone Finally to the Creator
After a lot of rumours and speculation over his ill-health, Nigerian President Umaru Musa Yar'Adua is dead on Wednesday night in the Presidential Villa, Abuja. Yar'Adua who was elected and sworn-in 2007, had been sick since campaign period before his election. He had not been seen publicly since November 2009.... READ

May he rest in perfect peace.
 
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posted by Economic Confidential at 5:23 PM 0 comments

Tuesday, May 04, 2010

[News Update] RMAFC: Hamman, 24 Others to Go, El-Rufai for Fed Appointment

 

Latest from the Factual, Authoritative and Accessible Economic Confidential magazine www.economicconfidential.com. Dont forget you may follow or join us on the Facebook. just click on this: Friend.

RMAFC: Tukur, 24 others to go: The chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Engr. Hamman Tukur and 24 other Federal Commissioners of the agency will complete their full tenure on May 12, 2010. The list of those leaving the commission is here. READ 

Nasir El-Rufai for Federal Appointment … Allegations may be quashed: The former Minister of the Federal Capital Territory, Mallam Nasir El-Rufai who recently returned to the country from self-exile in Britain is due to be offered an appointment by acting President Goodluck Jonathan that would not require the approval of federal legislators. READ

FIRS Boss Slams N10bn Suit Against Newspaper, Consultant: The Executive Chairman of the Federal Inland Revenue Service, Mrs. Ifueko Omoigui Okauru, has instituted a N10 billion naira suit against a Lagos Weekly newspaper, The Premier, published by Roobbs Communication Network Limited and an accountant, Mr. Fidelis Uzonwanne. READ

N1.6tn Pension Funds: PENCOM, ICRC to collaborate on Infrastructure Finance: With accumulated pension contributions running to over N1.6trillion as at February 2010, the National Pension Commission is seeking collaboration with the Infrastructure Concession Regulatory Commission for massive investment in long-term infrastructure finance. READ

Special Focus on the Corporate Affairs Commission: The Corporate Affairs Commission was established by the Companies and Allied Matters Act , which was promulgated in 1990 to regulate the formation and management of companies in Nigeria. READ

Shekarau Approves Enhanced Salary for Workers… says not all Nigerians are corrupt: The governor of Kano State, Mallam Ibrahim Shekarau who has approved the enhancement of salaries of various professional cadres in the state civil service, said that not all Nigerians are corrupt. READ

A Tribute to Engr. Hamman Tukur of Revenue Commission: In few days or precisely on the 12th of May, 2010, the second term tenure of Engr. Hamman A. Tukur, mni, OFR, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission would come to an end. By that, Tukur had served the Commission for 10years having appointed earlier in September 1999. READ

A Focus on Education and Sustainable Economic Growth
In today's technologically-based global economy, considerable emphasis is placed on the contribution made by people, or what economists refer to as human capital, to economic growth. The theory is that the relative contribution of individuals to growth depends on their human capital – the knowledge, skills, competencies and other attributes that are relevant to economic activity. READ

Protecting the Family during the Rainy Season: Another holiday is over. Children are back in schools. After the terrible hot season with accompanied harsh weather, most parts of the country would start to witness the arrival of the rainy season. READ


Read more from

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



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Recent Activity:
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posted by Economic Confidential at 6:51 AM 0 comments