Wednesday, 11 July 2012

Denial of 76 Oil Wells, Cross River Groups May Move to Bakassi, as Bishop Urges Christians to Embrace Islamic Banking


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76 Oil Wells: S/Court Favours Akwa Ibom, Cross River's Communities May Go to Bakassi
Finally the Supreme Court has ruled in favour of Akwa Ibom on a legal battle over the ownership of 76 oil wells located in the Atlantic Ocean between Akwa Ibom and Cross River states. Meanwhile some groups in Cross River have threatened to move to Bakassi in Cameron Republic over what they described as unfair judgement. Read: http://economicconfidential.net/new/news/national-news/1036-76-oil-wells-supreme-favours-akwa-ibom-cross-rivers-communities-threaten-to-move-to-bakassi


Ibrahim B Bello: The Acting Director General of SEC
It was not a case of a square peg in a round hole but rather the Federal Government of Nigeria has placed a round peg in a round hole by announcing the appointment of Ibrahim Bolaji Bello as the Acting Director General of the Securities and Exchange Commission SEC in June 2012. Read his profile: http://economicconfidential.net/new/component/content/article/1026-ibrahim-b-bello-the-acting-director-general-of-sec

Bishop Urges Christians to Embrace Islamic Banking
A Bishop in the Dioceses of Chris Temple Ministry International, Bishop Goodluck Akpore, said opponents of Islamic Banking in Nigeria are ignorant of the products the bank offers as it is not against Christians in the country.The Bishop who is also the Chairman of Onitsha zone shareholder association said he was going to preach to his congregation to buy into the bank  and support the operations of Non-Interest Banking being promoted by Jaiz Bank in Nigeria.Read: http://economicconfidential.net/new/financial/monetary/1027-bishop-urges-christians-to-embrace-islamic-banking

Nigeria Must Address Insecurity and Corruption to Attract Foreign Investors- US Envoy
The United States Ambassador to Nigeria Terence McCulley has urged Nigeria's government to urgently address the challenging problems of insecurity, poverty, corruption and create enabling environment to attract genuine investors into the country. Read: http://economicconfidential.net/new/news/national-news/1028-nigeria-must-address-insecurity-and-corruption-to-attract-foreign-investors-us-envoy

FCTA Earns N1.1b From IGR In June
…Six Area Councils Share N1.74b Revenue Allocation
The Minister of State for FCT, Oloye Olajumoke Akinjide, disclosed on Wednesday that the Federal Capital Territory Administration (FCTA) posted internally generated revenue of N1.10 billion for the month of June 2012. Read: http://www.economicconfidential.net/new/news/state-news/1030-fcta-earns-n11b-from-igr-in-june

Rivers to establish $140m farm in Etche
Rivers State Government has moved to establish $140 million Agro-Industrial Development Project (AIDP) in Etche Local Government Area of the state. The Executive Director of Rivers State Sustainable Development Agency (RSSDA) Mr. Noble Pepple, said that the project would run in partnership with... Read: http://www.economicconfidential.net/new/news/state-news/1032-rivers-to-establish-140m-farm-in-etche

Oyo govt disburses N224m to 2000 farmers
The Oyo state governor, Senator Abiola Ajimobi has disclosed that the state has disbursed N224.8 million to 2,541 small holder farmers across the state. Speaking at the Open Forum on Agricultural Biotechnology (OFAB) in Africa in Ibadan, the governor, who was represented by his deputy... Read: http://www.economicconfidential.net/new/news/state-news/1033-oyo-govt-disburses-n224m-to-2000-farmers

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