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
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