Wednesday, June 24, 2015

[News Update] How GEJ, NASS Killed Yar'Adua's 2009 Salary Review Efforts as States N418bn June 2015

 

Latest from the Factual Authoritative and Accessible Economic Confidential

Exclusive: How Jonathan, NASS Killed Yar'Adua's 2009 Salary Review Efforts
17,474 Political Officers Earn N1.1 trillion annually
In an exlusive report, the Economic Confidential gathered that a report was submitted to President Yar'Adua for the review of salary and allowances of public officers, which he promptly forwarded to the National Assembly in form of bills for legislation. Unfortunately, the legislators were never debated upon until the death of President Yar'Adua. Read: http://economicconfidential.com/exclusive-how-jonathan-nass-killed-yaraduas-2009-salary-review-efforts/
 

Federal Allocation For The Month Of May 2015 Is N418.452billion.
The Federal Government, State governments and Local government Councils have shared a total of N418.452billion as Federal allocation in June 2015. A communique issued by the Federation Accounts Allocation Committee  (FAAC) indicated that the Gross Revenue received for the month of May,2015  was N324.061billion.  Read: http://economicconfidential.com/federal-allocation-for-the-month-of-may-2015-is-n418-452billion/

FG Insists On Recovering Stolen Funds From Past Officials
President Muhammadu Buhari on told past officials of government who looted the treasury but felt that they have been forgiven their sins to perish such thoughts. President Buhari vowed that funds stolen by government officials who abused their offices in the recent past will be recovered and systemic leakages stopped: Read: http://economicconfidential.com/fg-insists-on-recovering-stolen-funds-from-past-officials/
 
Succour As NLNG Pays $1.6 Bn Tax To FG
A major financial succour came the way of newly inaugurated administration of General Muhammadu Buhari from the Nigerian Liquefied Natural Gas (NLNG) in the form of $1.6 billion tax paid to the Federal Inland Revenue Service (FIRS). http://economicconfidential.com/succour-as-nlng-pays-1-6-bn-tax-to-fg/
 
Nigeria Produced 1.91m Barrels Of Crude/Day In April
Nigeria's crude oil production, including condensates and natural gas liquids averaged 1.91 million barrels per day (mbpd) or 57.30 million barrels in April 2015, figures from the Central Bank of Nigeria (CBN) indicate. The figure represented an increase of five per cent above the level of 1.82 mbd or 56.42mbpd recorded in the preceding month. Read: http://economicconfidential.com/nigeria-produced-1-91m-barrels-of-crudeday-in-april/
 
NDIC Gives Clean Health Bill To Nigerian Banks
The Nigeria Deposit Insurance Corporation (NDIC) says Nigerian banks are in good financial position to carry on banking activities.Read: http://economicconfidential.com/ndic-gives-clean-health-bill-to-nigerian-banks/
 
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posted by Economic Confidential at 3:43 AM 0 comments

Wednesday, June 10, 2015

[News Update] Bribery, Nepotism Rock Promotion in Para-Military Agencies

 

Latest from the Economic Confidential

30 Key Quotes From President Buhari's Inaugural Speech
The Economic Confidential presents 30 Key issues raised by President Muhammadu Buhari of Nigeria in his Inaugural Speech at the swearing-in ceremony on Friday May 29, 2015. The issues raised are loaded with powerful messages and brilliantly delivered in quotable quotes by the new President of the most populous nation in Africa. Read: http://economicconfidential.com/30-key-quotes-from-president-buharis-inaugural-speech/
 
Bribery, Nepotism, Irregularities Rock Promotions In Para-Military Agencies
…Officers Pay N2m For Promotion …Victims Urge Probe
A strange combination of dejection and a spirit of rebellion now pervade the air around the paramilitary agencies of the Federal Government under the Ministry of Internal Affairs and directly superintended by the Civil Defence, Fire, Immigration and Prisons Services Board despite the recent mass promotion. Read: http://economicconfidential.com/bribery-nepotism-irregularities-rock-promotions-in-para-military-agencies/
 
A.P Moeller-Maersk To Build $2billion Port In Badagry
A.P Moeller-Maersk A/S is at the verge of winning a lucrative contract to build a new port worth over $2billon in Badagry area of Lagos state, Nigeria. The Danish company which has expanded its African operations is waiting for final sign-off on the contract according to its company's senior vice president for Africa, Lars Reno Jakobsen. Read: http://economicconfidential.com/a-p-moeller-maersk-to-build-2billion-port-in-badagry/
 
U.S. To Resume Oil Export 40 Years After
A bipartisan group of U.S. Senators led by Lisa Murkowski and Heidi Heitkamp introduced a bill Wednesday to lift a 40 year long ban on U.S. crude exports. Read: http://economicconfidential.com/u-s-to-resume-oil-export-40-years-after/
 
Dangote Cement Declares N74.7bn Profit For First Quarter Of 2015
Nigeria's largest cement producer, Dangote Cement, has announced a gross profit of N74.7 billion for the three months ended March 31, 2015. This represents an increase of 10.5 per cent over N67.63 billion recorded in the same period in 2014. Read: http://economicconfidential.com/dangote-cement-declares-n74-7bn-profit-for-first-quarter-of-2015/
 
How Agric Is Restoring Nigerian Economy To Glory
Prior to now, agriculture used to be considered as the nerve of every nation's economy and Nigeria was not an exception. However, what used to be the pivot for growth and development in the past has suddenly been neglected because of oil boom. Read: http://economicconfidential.com/how-agric-is-restoring-nigerian-economy-to-glory/
 
Is Nigeria Really Broke?
Few months ago Nigerians were told by the Finance Minister that Nigeria was not broke but now it is evident that Africa's richest economy is borrowing money to pay salaries as it struggles through a "difficult cash crunch" brought on by halved oil prices, Nigeria's finance minister revealed. Read: http://economicconfidential.com/is-nigeria-really-broke/
 
The Fraud In FCT Mass Housing Initiatives
Investigation by Economic Confidential have revealed myriad headwinds that make Nigeria to be about 17 million in housing unit deficit, according to the Government's figure, and underdeveloped world vis-a-vis inadequacy of decent shelter for the citizens. Read: http://economicconfidential.com/the-fraud-in-fct-mass-housing-initiatives/
 
 
Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine

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Posted by: Economic Confidential <economicconfidential@yahoo.com>
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posted by Economic Confidential at 3:34 AM 0 comments