Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidential and http://www.facebook.com/economicmagazine and Twitter : http://twitter.com/economicng
Home Away From Home: Igbo Businessmen Refuse to Relocate from the North
After the directive from the Movement for the Actualization of the Soveriegn State of Biafra (MASSOB) for Igbos in the North to return to their ancestral homes on the allegation that Boko Haram members are targeting people from Eastern Nigeria in their attacks, most Igbo businessmen in Kano have refused to relocate citing conducive business environment in the city.With about a million population of Igbos in the city, and investments of over N20 billion, they have no reason to run away. Read: http://economicconfidential.net/new/news/national-news/910-igbo-businessmen-refuse-to-relocate-from-the-north
CAC Registers 2 Million Business Names, to Delist 50,000 Companies
The Corporate Affairs Commission, CAC, has registered over two million business names as at December 31, 2011 and would soon delist 50,000 companies from its registry. The Registrar General and chief executive officer of the Commission, Barrister Mahmud Bello made the disclosure in an interview with the Economic Confidential. Read: http://economicconfidential.net/new/news/national-news/911-cac-registers-2-million-business-names
Islamic Bank: After $370mn, Nigeria Seeks Additional $600mn Loan
After receiving a sum of $370 million from Islamic Development Bank (IDB) for education, health and agriculture sector, the federal government of Nigeria has requested for a fresh loan of $600 million from the same bank.Read: http://economicconfidential.net/new/news/national-news/909-islamic-bank-after-370mn-nigeria-seeks-additional-600mn-loan
NEXIM Targets N1.6bn Profit -Orya
NEXIM, under the leadership of Robert Ungwaga Orya, has witnessed rapid and sustained transformation that has completely changed the fortunes of the Bank since 2009. Prior to this period, the bank was run in deficit. The MD has disclosed that said NEXIM targets a profit of N1.6bn as against the N1.1bn in 2011 fiscal year.Read: http://economicconfidential.net/new/news/national-news/906-nexim-targets-n16bn-profit-orya
Memo to Northerners on Diversification
The criticisms and bashing of the North and their leaders could be blessings in disguise if the region could wakeup from its slumber and look inwards. This is the time to call the bluff of the so-called 'resources control' campaigners by harnessing our immense potentials to greatness. Read: http://economicconfidential.net/new/features/912-memo-to-northerners-on-diversification
Three Billion Naira Daily for Insecurity?
We will revisit our analysis of the security sector budget beginning with some clarifications and rebuttal of the Budget Office's right of reply to last week's column titled – "Where el-Rufai Got it Wrong". I commend the Budget Office for choosing to respond this way instead of asking the SSS to arrest me as the President did on July 1, 2011.Read: http://economicconfidential.net/new/features/901-budget-2012-three-billion-naira-daily-for-insecurity
Subsidy: Govt Grants Waiver for Oil Importing Companies– FIRS
The Federal Inland Revenue Service (FIRS) has disclosed that a federal government waiver exempted fuel importing companies from paying tax on petrol, diesel and kerosene, even when they reaped trillions from subsidy payouts. The Executive Chairman of FIRS, Ifueko Omoigui-Okauru made the disclosure at the House of Representatives hearing on how years of subsidy were managed.Read: http://economicconfidential.net/new/financial/tax-matters/897-subsidy-govt-grants-waiver-for-oil-importing-companies-firs
Economic Confidential
Home Away From Home: Igbo Businessmen Refuse to Relocate from the North
After the directive from the Movement for the Actualization of the Soveriegn State of Biafra (MASSOB) for Igbos in the North to return to their ancestral homes on the allegation that Boko Haram members are targeting people from Eastern Nigeria in their attacks, most Igbo businessmen in Kano have refused to relocate citing conducive business environment in the city.With about a million population of Igbos in the city, and investments of over N20 billion, they have no reason to run away. Read: http://economicconfidential.net/new/news/national-news/910-igbo-businessmen-refuse-to-relocate-from-the-north
CAC Registers 2 Million Business Names, to Delist 50,000 Companies
The Corporate Affairs Commission, CAC, has registered over two million business names as at December 31, 2011 and would soon delist 50,000 companies from its registry. The Registrar General and chief executive officer of the Commission, Barrister Mahmud Bello made the disclosure in an interview with the Economic Confidential. Read: http://economicconfidential.net/new/news/national-news/911-cac-registers-2-million-business-names
Islamic Bank: After $370mn, Nigeria Seeks Additional $600mn Loan
After receiving a sum of $370 million from Islamic Development Bank (IDB) for education, health and agriculture sector, the federal government of Nigeria has requested for a fresh loan of $600 million from the same bank.Read: http://economicconfidential.net/new/news/national-news/909-islamic-bank-after-370mn-nigeria-seeks-additional-600mn-loan
NEXIM Targets N1.6bn Profit -Orya
NEXIM, under the leadership of Robert Ungwaga Orya, has witnessed rapid and sustained transformation that has completely changed the fortunes of the Bank since 2009. Prior to this period, the bank was run in deficit. The MD has disclosed that said NEXIM targets a profit of N1.6bn as against the N1.1bn in 2011 fiscal year.Read: http://economicconfidential.net/new/news/national-news/906-nexim-targets-n16bn-profit-orya
Memo to Northerners on Diversification
The criticisms and bashing of the North and their leaders could be blessings in disguise if the region could wakeup from its slumber and look inwards. This is the time to call the bluff of the so-called 'resources control' campaigners by harnessing our immense potentials to greatness. Read: http://economicconfidential.net/new/features/912-memo-to-northerners-on-diversification
Three Billion Naira Daily for Insecurity?
We will revisit our analysis of the security sector budget beginning with some clarifications and rebuttal of the Budget Office's right of reply to last week's column titled – "Where el-Rufai Got it Wrong". I commend the Budget Office for choosing to respond this way instead of asking the SSS to arrest me as the President did on July 1, 2011.Read: http://economicconfidential.net/new/features/901-budget-2012-three-billion-naira-daily-for-insecurity
Subsidy: Govt Grants Waiver for Oil Importing Companies– FIRS
The Federal Inland Revenue Service (FIRS) has disclosed that a federal government waiver exempted fuel importing companies from paying tax on petrol, diesel and kerosene, even when they reaped trillions from subsidy payouts. The Executive Chairman of FIRS, Ifueko Omoigui-Okauru made the disclosure at the House of Representatives hearing on how years of subsidy were managed.Read: http://economicconfidential.net/new/financial/tax-matters/897-subsidy-govt-grants-waiver-for-oil-importing-companies-firs
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