National Award List: The Good the Bad and Politics

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Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. We are also on Facebook www.facebook.com/economicconfidential.

2009 Nominees for Nigeria National Honours Award

The list of recipients for 2009 National Honours Awards is out.The list shows that most of the awardees are public and political office holders whose major credentials for the recognition are the offices they occupy. The original list was submitted to President Umaru Musa Yar'Adua while he was alive. After his demise the list was further panel-beaten to accommodate some interests. Some personalities were substituted or demoted in the ranking of titles at the last hour.To see the full list click on... READ

Can Attahiru Jega Make the Difference? By Law Mefor

The Senate of the Federal Republic of Nigeria, Thursday, 24th of June this year, cleared Professor Attahiru Jega as the new chairman of the Independent National Electoral Commission (INEC), thus replacing Professor Maurice Iwu. His nomination by President Jonathan Goodluck delivered a big bag of mixed feelings. Some say he comes from a good stead to deliver, while many more think he is not all that pristine... READ

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SIM Cards Suspension, Akunyili Ignored

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Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. We are also on Facebook www.facebook.com/economicconfidential. 

SIM Cards Suspension, Operators Ignore Akunyili

After an official directive for the suspension of sales of SIM cards without being registered, most of the cards are still being sold by major telecommunication companies in Nigeria who ignore the warning of the federal government. The Economic Confidential gathered that the new directive against the sales of SIM cards without capturing the necessary data was influenced by difficulties in tracking faceless criminals who use mobile phones for illegal activities coupled with the poor telephone services in Nigeria... READ

AMCON Bill Ready for Presidential Approval

The Asset Management Corporation of Nigeria (AMCON) Bill has finally been passed, following its harmonization by the Committee set up by the two chambers of the National Assembly and its adoption on Wednesday, June 23, 2010 by the Senate. It will be recalled that the House of Representatives had earlier adopted the harmonized bill... READ

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• A call for Cloud computing in the Banking Sector By Gbenga Okubadejo
• Consolidating a Deregulated Economy By Salim Salihu Muhammed
• G20 Summit and Nigeria's Vision 2020 By Salisu Badamasi Haiba
• Declaring A State Of Emergency In Bayelsa State by Sabella Ogbobode Abidde
• A Democracy Of Profligacy And Outright Treasury-Looting By Akintokunbo Adejumo
• House of Commotion and Democracy dividends By Kabiru Danladi Lawanti, 

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Economic Confidential

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Facts on Salaries and Allowances of Legislators in Nigeria

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Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also follow us on Facebook www.facebook.com/economicconfidential. To read any of the stories click on READ at the bottom of the summary or go to our homepage (www.economicconfidential.com)

Facts and Figures on Salaries and Allowances of Legislators in Nigeria

As Nigerians debate over the allegation of Jumbo pays for legislators in the country and and more enquiries being made on the actual and legimitate remunerations and other entitlements of legislators in Nigeria, the Economic Confidential is reproducing its exclusive report on the the facts and figures of salaries and allowances of legislators in Nigeria. READ

Dollar and Duty Tour Allowances for Legislators in Nigeria and Other Privileges

Because of popular demands of Nigerians to know the actual and official duty tour allowances for local and foreign travels of their legislators at federal, state and local governments, the Economic Confidential reproduces here its Exclusive report it published in its edition of August 2008. READ

Nigeria Requires $6bn to Sustain Electricity after Signing JVGS Agreement

Federal Government has said it would require six billion US dollars annually to meet the Nation's aspirations for Vision 2020 through sustaining the electricity needs of the country just at it signed another Joint Venture gas Supply Agreeement with an oil company to cover the supply. READ

 

Again EFCC Accuses El-Rufai of Delaying Trial

The Economic and Financial Crimes Commission, EFCC has accused former Minister of the Federal Capital Territory , Mallam Nasir El-Rufai of making efforts to delay his trial over allegations of abuse of office and conspiracy preferred against him. The accusation came on the heels of the preliminary objection raised by El-Rufai against his trial at a Federal High Court sitting in Abuja. The former minister brought a motion of preliminary objection challenging the jurisdiction of the court to entertain the corruption charges against him. READ

New War against Almajiris, Area Boys and Militants coming- VP Sambo

The Vice President of Nigeria, Arc. Mohammed Namadi Sambo, has said that the Federal Government has expanded the scope and frontiers of its war against illiteracy to include the almajiris, area-boys and ex-militants in the Niger Delta to achieve the Millennium Development Goals (MDGs). READ

Oil Price Flux: Warning to Nigeria and other Oil Dependent Nations

Nigeria and other oil dependent countries could no longer rely on narrow and static paradigms of growth due to the global financial crisis and the concomitant fall in oil prices.While advocating more commitment to ICT, Nigeria's Finance Minister of State, Remi Babalola said since 1999, the telecom industry in Nigeria has attracted more than US$12 billion worth of investment and is contributing more than 2 percent of GDP up from 0.37 percent in 1999. READ

Foreign Contractors take Nigeria for Granted - Minister

The Minister of Works, Senator Mohammed Sanusi Daggash has appealed to contractors handling road projects in the country to consciously avoid taking the government and people of Nigeria for granted. He gave this admonition while inspecting the Jebba – Mokwa road  READ

Kaduna Warns Rumour Mongers on Cabinet Composition

The Kaduna state government has once again come out to public dispel public fears and rumour on the composition of members of the state executive. In a press statement by the Special Adviser, Media and Publicity to the governor of the state, Reuben Buhari, the government said that  READ

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Jimoh Ibrahim May Acquire London Hotel

Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also follow us on Facebook http://www.facebook.com/economicconfidential. To read any of the stories below click on READ at the bottom of the summary or go to our homepage (www.economicconfidential.com)

 

Jimoh Ibrahim May Acquire London Hotel

After acquiring Virgin Nigeria Airways which he renamed Air Nigeria, the maverick young Nigerian billionaire Jimoh Ibrahim is the only African who has shown interest to acquire the Cumberland Hotel, five star hotel in the heart of London, the capital of Britain... READ

VP Sambo Tasks DMO on Projects

The Vice President, Arc. Mohammed Namadi Sambo, has urged the Debt Management Office (DMO) to raise funds for capital projects especially for power generation, transportation and road construction in order to facilitate speedy infrastructural development in the country... READ

 

Former Governor and Minister: Rev Nyame and Prof. Borishade Face Criminal offences

The Economic and Financial Crimes Commission, EFCC has filed a 71 page additional proofs of evidence against former governor of Taraba state, Rev. Jolly Nyame over his on-going trial in a case of N180 billion scam preferred against him just as more shocking revelations are coming out of the trial of the former Minister of aviation, Professor Babalola Borishade, and four others over alleged fraud of N5.6 billion for safe tower project... READ

FG Refunds LGCs Paris Club Windfall

The Finance Minister of State, Mr. Remi Babalola has disclosed that the Federal Government through the Federation Account Allocation Committee (FAAC) had settled the share of the Paris Club debt exit refund due to the 774 Local Government Councils. He however did not disclose if the refunds were made directly to the local government councils or through their states that control State Local Government Joint Accounts... READ

Niger Bridge to be completed in 3 years - Daggash

The Minister of Works, Senator Mohammed Sanusi Daggash has assured Nigerians that the government is committed to commence work on the 2nd Niger Bridge and would ensure its completion within 3 years... READ

 

FG to Compensate for Acquired Structures and Trees in Niger Delta

The Minister of State for Niger Delta affairs, Hon. Samuel Ode has said all the owners of the designated properties who had given approvals for the acquisition of their properties by the government would get compensations for physical structures and economic trees on the lands. He asked them to forward the account and other documentations of their clients to facilitate the payments; but he however, emphasized that the ministry will not pay for the lands themselves... READ

Nigeria: the need for credible polls in 2011

One of the big challenges confronting elections in Nigeria is the credibility question. Most of the country's election beginning from 1960s has been marred by electoral frauds. In 1979, during the second republic, there were lots of political upheavals occasioned by heavy rigging and manipulation of election results. Have you heard about the crisis between Omoboriowo and Ajasin that nearly wiped out the people of Ondo state? The phenomenon called electoral malpractices has been the major threat to the credibility of the country's general election... READ

Economic Confidential

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Second Niger Bridge will be a Reality- Daggash

Second Niger Bridge will be a Reality - Daggash

The Honourable Minister of Works, Senator Mohammed Sanusi Daggash has assured Nigerians that the government is committed to commencing work on the 2nd Niger Bridge and would ensure its completion within the time frame of 3 years. The Minister gave this assurance when the Deputy Senate President, Senator Ike Ekweremadu paid him a courtesy visit in his Mabushi office.

He informed the Deputy Senate President of his intention to professionalize the Ministry so that Nigerians can derive maximum benefit from projects embarked upon by the Ministry. In furtherance of this, he said plans had been concluded to send a Special Audit Team to the South East zone to verify the capacity of contractors handling jobs on behalf of the Ministry to determine their capacities to complete the projects in record time. The audit would be on personnel, equipment etc.

He therefore, solicits support from the National Assembly on adequate funding, while restating his intention to put in place a comprehensive data bank in the ministry.

Responding, the Deputy Senate President emphasized the importance of the activities of the Ministry to every Nigerian and for this reason assured the ministers of the support and cooperation of the Senate in the task of making life more comfortable to all Nigerians.

Source: Economic Confidential www.economicconfidential.com

Prof. Jega New INEC Boss

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Prof. Jega Becomes INEC Boss

A radical academic and Vice Chancellor of Bayero University Kano, Professor Attahiru Jega has been endorsed for nomination as the Executive Chairman of Independent National Electoral Commission (INEC) by the National Council of States (NCS). Professor Jega who fought IBB... READ

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One Year After: Focusing on CBN Under Sanusi

Latest from factual, authoritative and accessible economic magazine, Economic Confidential. You can also follow us on social media network for latest economic stories and from other news sources. Click on http://www.facebook.com/economicconfidential

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One Year after: Focusing on CBN Under Sanusi

As every actor knows, it is easy to be typecast. The picture being made of Sanusi Lamido Sanusi, after one year in office as the Governor of the Central Bank of Nigeria is that of a man who is in a hurry to make history. When he was appointed Governor of CBN in June 2009, not a few persons expected a fundamental shift in style and substance in the apex bank... READ

Economy: Nigerians to Slaughter Slab?

Anyway, the way things now stand, even though the international average crude price has remained over the budget benchmark of $67/barrel for most of the year; the crude output projection of 2.3 barrels/day became unrealizable because of disruptions to export in spite of the Amnesty Programme for Niger Delta Militants... READ

Audit Report that Exposed the Rot in the Banking Sector

Many people did not actually know the gory details of how the sacked chief executives of the eight banks ruined their banks. The audit reports showed the sacked CEOs setting up Special Purpose Vehicles to lend money to themselves for stock price manipulation or the purchase of estates all over the world. One bank borrowed money and purchased a private jet which was later discovered registered in the name of the CEO's son... READ

The legality of CBN's Action on sick banks

One of the shareholders of the banks, Sir Sunny Nwosu said the apex bank erred by appointing chief executives of banks and at the same time fixing their tenure. A Lagos based lawyer, Festus Keyamo disclosed that though the CBN Act says little about its powers in relation to other banks, BOFIA Act is very detailed regarding the powers and functions of CBN... READ

NEMA Delivers Relief Materials to Haiti

The National Emergency Management Agency has delivered relief items approved by the federal government for victims of the earthquake disaster that devastated Haiti on 12th January 2010.Director General of NEMA retired Air Vice Marshal Mohammed Audu-Bida delivered the items on behalf of the federal government to the Haitian authorities for the victims in Port-au-Prince, the country’s capital. He said the items were approved by President Goodluck Jonathan in addition to the earlier financial donation made to cushion the impact of the disaster... READ

Monetary Policies and the Nigeria 's Economic Development

Apart from his distinction in monetary policy at master degree program, Lamido Sanusi has displayed high level of competence in the application of such intellectuality towards the sanitization of our national monetary system; the process which has led to the ongoing reforms in the Nigerian banking sector... READ

Mothers as Career Counsellors for Children

While trying to counsel our children on future careers, they should be encouraged to decide based on their knowledge and skills, which as mothers who are close to them, be able to advise them accordingly. It must be pointed out that we should regularly crosscheck and evaluate their class works to determine their proficiencies. Mother should be the children’s best companion… be close enough to understand the subjects they are good at from the foundation... READ

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