Saturday, 24 March 2012
Wednesday, 14 March 2012
How Northern Elites Manipulate Oil Blocks while NIMASA Awards Maritime Contract to Ex-Warlord
Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidential, http://www.facebook.com/economicmagazine and and also Twitter : http://twitter.com/economicng
Still on NIMASA's Maritime Contract with Ex-Warlord
While the Nigerian Maritime Administration and Safety Agency (NIMASA) is trying to justify its alleged concession of the nation's maritime security to a private firm owned by a former leader of Niger Delta militants, there have been several attacks on ships and security personnel in the region including the killing of a Commander of Military Joint Task Force and some soldiers in the area. Read more: http://economicconfidential.net/new/news/national-news/923-still-on-nimasa-maritime-contract-with-ex-warlord
The Politics of Oil Blocks and the Northern Elites
After listing the names of owners of some of the oil, we will table other North Eastern billionaires who make more money than their states of origin from Niger Delta oil blocks. With all these oil blocks owned by 'North- Easterners' in the Niger Delta, it should be clear to Elrufai and Sanusi who really benefits from the Niger Delta Amnesty Programme. Read more: http://economicconfidential.net/new/features/930-the-politics-of-oil-blocks-and-the-northern-elites
Dangote: The Richest Man in Africa Donates Billions for Education and CSR
Before the Forbes magazine declared Alhaji Aliko Dangote, once again as the richest man in Africa, his Dangote conglomerate had injected over N1billion into the nation's educational sector, as part of its commitment to educational development in Nigeria. Read more... http://economicconfidential.net/new/business/922-dangote-the-richest-man-in-africa-donates-billions-for-education-and-csr
States Can Survive on IGR- FIRS
After the recent announcement by Federal Inland Revenue Service (FIRS) that the president, vice president, governors and their deputies would have to pay tax on their income based on the Amended Personal Income Tax Act, the agency has stated that all states of the federation have potentials to survive on Internally Generated Revenue and taxation if the right parameters are set out for them. Read more: http://economicconfidential.net/new/financial/tax-matters/916-states-can-survive-on-igr-firs
PENCOM to Prosecute Employers on Pension Fraud
Concerned about the recent N700billion fraud rocking the Pension unit of the Office of Head of Service of Federation and related negative reports in the management of pension funds in some organisations, the National Pension Commission (PENCOM) is working towards amending the Pension Reform Act to prosecute abuses by employers. Read more: http://economicconfidential.net/new/news/national-news/917-pencom-to-prosecute-employers-on-pension-fraud
Nigeria's Seven Secrets And Sovereign Confab
Nigeria is a secret; and she has seven secrets. For this country to become profitable to the majority of Nigerians the secrets must be exposed in the most lucid manner that not a few Nigerians shall know about these and hopefully catch the necessary anger required for either liberating mass action or induced constitutional re-structuring. Then, our eyes shall be open and we shall drive away our common enemies. Read more: http://economicconfidential.net/new/features/925-nigerias-seven-secrets-and-sovereign-confab-
Dividends of a deregulated foreign exchange market
It is clear from the parameters of the market that the claim in the Monetary Policy Thrust of Vision 202020 that such a payment system would lead to capital flight is certainly untenable, unfounded and grossly untrue! Read: http://economicconfidential.net/new/features/924-dividends-of-a-deregulated-foreign-exchange-market
Ensuring New Fiscal Equity in Tax Administration
Under Nigeria's new income tax rate, a first earning of N300, 000 will attract 7% tax, while subsequent income of the same amount will be taxed at 11%. Those who earn N500, 000 would be made to pay 15% of the income as tax in the first instance, while 19% would be charged on subsequent earnings of the same amount; earnings of N1.6m will attract 21% tax, while income above N3.2m will attract a tax of 24%. Read more... http://economicconfidential.net/new/features/931-ensuring-news-fiscal-equity-in-tax-administration
Kwara Declares Free Education
kwaraThe Kwara state government has declared free education in public schools. The Commissioner for Education, Science and Human Capital Development in the state, Alhaji Muhammed Raji disclosed that the state governor, Alahaji Abdulfatai Ahmed had approved provision of funds to aid free education in both primary and secondary schools in the state for the year 2012. Read: http://economicconfidential.net/new/news/state-news/927-kwara-declares-free-education
While the Nigerian Maritime Administration and Safety Agency (NIMASA) is trying to justify its alleged concession of the nation's maritime security to a private firm owned by a former leader of Niger Delta militants, there have been several attacks on ships and security personnel in the region including the killing of a Commander of Military Joint Task Force and some soldiers in the area. Read more: http://economicconfidential.net/new/news/national-news/923-still-on-nimasa-maritime-contract-with-ex-warlord
The Politics of Oil Blocks and the Northern Elites
After listing the names of owners of some of the oil, we will table other North Eastern billionaires who make more money than their states of origin from Niger Delta oil blocks. With all these oil blocks owned by 'North- Easterners' in the Niger Delta, it should be clear to Elrufai and Sanusi who really benefits from the Niger Delta Amnesty Programme. Read more: http://economicconfidential.net/new/features/930-the-politics-of-oil-blocks-and-the-northern-elites
Dangote: The Richest Man in Africa Donates Billions for Education and CSR
Before the Forbes magazine declared Alhaji Aliko Dangote, once again as the richest man in Africa, his Dangote conglomerate had injected over N1billion into the nation's educational sector, as part of its commitment to educational development in Nigeria. Read more... http://economicconfidential.net/new/business/922-dangote-the-richest-man-in-africa-donates-billions-for-education-and-csr
States Can Survive on IGR- FIRS
After the recent announcement by Federal Inland Revenue Service (FIRS) that the president, vice president, governors and their deputies would have to pay tax on their income based on the Amended Personal Income Tax Act, the agency has stated that all states of the federation have potentials to survive on Internally Generated Revenue and taxation if the right parameters are set out for them. Read more: http://economicconfidential.net/new/financial/tax-matters/916-states-can-survive-on-igr-firs
PENCOM to Prosecute Employers on Pension Fraud
Concerned about the recent N700billion fraud rocking the Pension unit of the Office of Head of Service of Federation and related negative reports in the management of pension funds in some organisations, the National Pension Commission (PENCOM) is working towards amending the Pension Reform Act to prosecute abuses by employers. Read more: http://economicconfidential.net/new/news/national-news/917-pencom-to-prosecute-employers-on-pension-fraud
Nigeria's Seven Secrets And Sovereign Confab
Nigeria is a secret; and she has seven secrets. For this country to become profitable to the majority of Nigerians the secrets must be exposed in the most lucid manner that not a few Nigerians shall know about these and hopefully catch the necessary anger required for either liberating mass action or induced constitutional re-structuring. Then, our eyes shall be open and we shall drive away our common enemies. Read more: http://economicconfidential.net/new/features/925-nigerias-seven-secrets-and-sovereign-confab-
Dividends of a deregulated foreign exchange market
It is clear from the parameters of the market that the claim in the Monetary Policy Thrust of Vision 202020 that such a payment system would lead to capital flight is certainly untenable, unfounded and grossly untrue! Read: http://economicconfidential.net/new/features/924-dividends-of-a-deregulated-foreign-exchange-market
Ensuring New Fiscal Equity in Tax Administration
Under Nigeria's new income tax rate, a first earning of N300, 000 will attract 7% tax, while subsequent income of the same amount will be taxed at 11%. Those who earn N500, 000 would be made to pay 15% of the income as tax in the first instance, while 19% would be charged on subsequent earnings of the same amount; earnings of N1.6m will attract 21% tax, while income above N3.2m will attract a tax of 24%. Read more... http://economicconfidential.net/new/features/931-ensuring-news-fiscal-equity-in-tax-administration
Kwara Declares Free Education
kwaraThe Kwara state government has declared free education in public schools. The Commissioner for Education, Science and Human Capital Development in the state, Alhaji Muhammed Raji disclosed that the state governor, Alahaji Abdulfatai Ahmed had approved provision of funds to aid free education in both primary and secondary schools in the state for the year 2012. Read: http://economicconfidential.net/new/news/state-news/927-kwara-declares-free-education
Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine
Tuesday, 13 March 2012
Monday, 12 March 2012
As Windfall of N921bn was Shared to States in February 2012, NYSC Corpers Now to Go to Farms
Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidential http://www.facebook.com/economicmagazine and and also Twitter : http://twitter.com/economicng
Windfall of N921 billion Shared to Tiers of Government in February 2012
It was another season of windfall when the tiers of government shared a total sum of N921 billion from different sources of revenue at the last meeting of the Federation Account Allocation committee (FAAC) which was held in Abuja. The meeting was chaired by Dr. Yerima Lawal Ngama, Finance Minister of State who is also the Chairman of FAAC. Read: http://economicconfidential.net/new/financial/facts-a-figures/937-windfall-of-n921-billion-shared-to-tiers-of-government-in-february-2012
Why Corpers Should Go to Farms and Rural Areas- Youth Minister
The Minister for Youth Development has warned that from the curent corps members in the camps there would be no preferential postings while the new NYSC policy is intended to ensure corps members are posted to areas that would impact postively on the economy including farms and other sectors in the rural areas. Read more: http://economicconfidential.net/new/interviews/936-why-corpers-should-go-to-farms-and-rural-areas-youth-minister
Dr. Precious Gbeneol: Breaking the Circle of Poverty through MDG
Dr. (Mrs.) Gbeneol, a Consultant Family Physician was Secretary of Health, Federal Capital Territory before are present appointment as Senior Special Assistant to the President on MDG. The Economic Confidential gathered that she was appointed to the position because of her passion for the fight against poverty, as well as equity and justice for women. She recently launched a programme Conditional Grants Scheme (CGS) worth N22 billion that would go to local government councils In Nigeria. Read more: http://economicconfidential.net/new/component/content/article/915-dr-precious-gbeneol-breaking-the-circle-of-poverty-through-mdg
Every State is Entitled to 13% Derivation Revenue - RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that every state in Nigeria is entitled to derivation revenue from natural resources if properly harnessed for economic development. Read more: http://economicconfidential.net/new/news/national-news/920-every-state-entitles-to-13-derivation-revenue-rmafc
A budget of Paramilitary Nation
These seven agencies combined employ about the same number of people as the Nigeria Police Force, and spend nearly as much. Apart from Avisec whose source of funding is unclear from the budget, and the NCS which gets 7% of its collection as "internal revenue", the five agencies will consume about N195 billion in 2012. Read more: http://economicconfidential.net/new/features/935-a-budget-of-paramilitary-nation
Sabo Mohammed: A PR Doyen Gone Silently
More deaths came calling at a period the country had just buried the ex-Igbo warlord Ikemba Odumegbu Ojukwu and an economist of distinction, Professor Sam Aluko, when the news filtered in that a doyen of public relations in Nigeria, Alhaji Sabo Sarki Mohammed passed away on February 5, 2012. Alhaji Sabo Mohammed was the first elected National President of Nigeria Institute of Public Relations (NIPR) from the North. Read: http://economicconfidential.net/new/features/938-sabo-mohammed-a-pr-doyen-gone-silently
Sanusi Cautions African Central Banks on Debt Crisis
The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks' governors not to lower their guard in view of the lingering European debt crisis and the continuing threats of global financial crisis. Read: http://economicconfidential.net/new/financial/monetary/926-sanusi-cautions-african-central-banks-on-debt-crisis
NDIC Gives Assurance on Banking Reforms as it Appoints Debt Recovery Agents
The Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of a sound banking system that would support sustainable economic growth and development. Read: http://economicconfidential.net/new/financial/monetary/919-ndic-gives-assurance-on-banking-reforms
Rivers Signs Multi-million Naira Contract for Electricity Supply
The Rivers State government and Schneider Electric, global specialist in energy management, have signed a contract valued at €20 million for the supply of electricity within the state and its environs. Read: http://economicconfidential.net/new/news/state-news/929-rivers-signs-multi-million-naira-contract-for-electricity-supply
Oyo Governor Bemoans Past Administration for Poverty
Governor Abiola Ajimobi of Oyo State has said the state still ranked among the poorest in the country.
The governor who made the disclosure at the unveiling of the Development Agenda for Western States (DAWN) in Lagos said that the situation was a fallout of the kind of leadership given by past administration in the state.Read: http://economicconfidential.net/new/news/state-news/928-oyo-governor-bemoans-past-adminstration-for-poverty
It was another season of windfall when the tiers of government shared a total sum of N921 billion from different sources of revenue at the last meeting of the Federation Account Allocation committee (FAAC) which was held in Abuja. The meeting was chaired by Dr. Yerima Lawal Ngama, Finance Minister of State who is also the Chairman of FAAC. Read: http://economicconfidential.net/new/financial/facts-a-figures/937-windfall-of-n921-billion-shared-to-tiers-of-government-in-february-2012
Why Corpers Should Go to Farms and Rural Areas- Youth Minister
The Minister for Youth Development has warned that from the curent corps members in the camps there would be no preferential postings while the new NYSC policy is intended to ensure corps members are posted to areas that would impact postively on the economy including farms and other sectors in the rural areas. Read more: http://economicconfidential.net/new/interviews/936-why-corpers-should-go-to-farms-and-rural-areas-youth-minister
Dr. Precious Gbeneol: Breaking the Circle of Poverty through MDG
Dr. (Mrs.) Gbeneol, a Consultant Family Physician was Secretary of Health, Federal Capital Territory before are present appointment as Senior Special Assistant to the President on MDG. The Economic Confidential gathered that she was appointed to the position because of her passion for the fight against poverty, as well as equity and justice for women. She recently launched a programme Conditional Grants Scheme (CGS) worth N22 billion that would go to local government councils In Nigeria. Read more: http://economicconfidential.net/new/component/content/article/915-dr-precious-gbeneol-breaking-the-circle-of-poverty-through-mdg
Every State is Entitled to 13% Derivation Revenue - RMAFC
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that every state in Nigeria is entitled to derivation revenue from natural resources if properly harnessed for economic development. Read more: http://economicconfidential.net/new/news/national-news/920-every-state-entitles-to-13-derivation-revenue-rmafc
A budget of Paramilitary Nation
These seven agencies combined employ about the same number of people as the Nigeria Police Force, and spend nearly as much. Apart from Avisec whose source of funding is unclear from the budget, and the NCS which gets 7% of its collection as "internal revenue", the five agencies will consume about N195 billion in 2012. Read more: http://economicconfidential.net/new/features/935-a-budget-of-paramilitary-nation
Sabo Mohammed: A PR Doyen Gone Silently
More deaths came calling at a period the country had just buried the ex-Igbo warlord Ikemba Odumegbu Ojukwu and an economist of distinction, Professor Sam Aluko, when the news filtered in that a doyen of public relations in Nigeria, Alhaji Sabo Sarki Mohammed passed away on February 5, 2012. Alhaji Sabo Mohammed was the first elected National President of Nigeria Institute of Public Relations (NIPR) from the North. Read: http://economicconfidential.net/new/features/938-sabo-mohammed-a-pr-doyen-gone-silently
Sanusi Cautions African Central Banks on Debt Crisis
The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks' governors not to lower their guard in view of the lingering European debt crisis and the continuing threats of global financial crisis. Read: http://economicconfidential.net/new/financial/monetary/926-sanusi-cautions-african-central-banks-on-debt-crisis
NDIC Gives Assurance on Banking Reforms as it Appoints Debt Recovery Agents
The Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of a sound banking system that would support sustainable economic growth and development. Read: http://economicconfidential.net/new/financial/monetary/919-ndic-gives-assurance-on-banking-reforms
Rivers Signs Multi-million Naira Contract for Electricity Supply
The Rivers State government and Schneider Electric, global specialist in energy management, have signed a contract valued at €20 million for the supply of electricity within the state and its environs. Read: http://economicconfidential.net/new/news/state-news/929-rivers-signs-multi-million-naira-contract-for-electricity-supply
Oyo Governor Bemoans Past Administration for Poverty
Governor Abiola Ajimobi of Oyo State has said the state still ranked among the poorest in the country.
The governor who made the disclosure at the unveiling of the Development Agenda for Western States (DAWN) in Lagos said that the situation was a fallout of the kind of leadership given by past administration in the state.Read: http://economicconfidential.net/new/news/state-news/928-oyo-governor-bemoans-past-adminstration-for-poverty
Read more by visiting:
Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine
Friday, 9 March 2012
Thursday, 8 March 2012
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