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 also Twitter : http://twitter.com/economicng
Federation Account: How They Share N913bn and $1bn in August 2012
Again Economic Confidential provides facts and figures tables of the distribution of revenue to all tiers of government from the Federation Account at the meeting of the Federation Account Allocation Committee in August 2012. While a single state received a whopping N19 billion and and $52bn, another state merely received about N3.7bn and $8bn respectively. The allocations were made from $1 billion from Foreign Excess Crude Account, N27bn from Forex Differential and N886bn as Statutory and VAT All all in August 2012. For full details of the disbursement check Facts and Figures pages of the Economic Confidential or click: http://economicconfidential.net/new/financial/facts-a-figures
DG, Provost, Lawyer, Others in Soup as Code of Conduct Tribunal begins trial
A Director General will this week face trial at the Code of Conduct Tribunal for allegedly recruiting over 60 percent of his staff from a particular section of the country while other public officers would be arraigned for manipulating the award of contract procedures, membership of secret cults, double remunerations and non-declaration of assets while in public office. For more click: http://economicconfidential.net/new/news/national-news/1103-dg-provost-lawyer-others-in-soup-as-code-of-conduct-tribunal-begins-trial
CBN converts more dollar reserves into Chinese yuan
Following continued relevance of China as a global financial player and western financial crises, the Central Bank of Nigeria has decised to convert more foreign reserves from the dollar into the Chinese renminbi or yuan.Read: http://economicconfidential.net/new/financial/monetary/1090-cbn-converts-more-dollar-reserves-into-chinese-yuan
FIRS Generates N524 Billion in July
The Federal Inland Revenue Service (FIRS) has realised a total sum of N524 billion through oil and non-oil tax revenue as at July 2012. In an information obtained by the Economic Confidential, the agency has surpassed its target in the month compared with its monthly target of N302 billion. Read: http://economicconfidential.net/new/financial/tax-matters/1086-firs-generates-n524-billion-in-july
FCT Area Councils Share N1.78b Revenue, SURE-P Allocations
The Federal Capital Territory Administration (FCTA) has disbursed N1.786 billion to its six area councils being funds received from the Federation Account Allocation Committee and the Subsidy Reinvestment and Empowerment Programme (SURE-P) for the month ofJuly, 2012. The six area councils are also expected to share $1,597,048.73 from the Excess Crude Proceed Account. Read: http://economicconfidential.net/new/news/national-news/1098-fct-area-councils-share-n178b-revenue-sure-p-allocations
Interfaith Relations: An Encounter with Sheik Khalid Yasin
Sheik Yasin is not just a religious scholar; he is a motivational speaker who is very mindful of his topic and his target audience. He is articulate and sincere but careful never to hurt the feelings of his audience, whether Muslims or non-Muslims. From our close interactions and discussions, one could see an advocate who strongly believes that Muslims and Christians should embrace tolerance and brotherliness saying both faiths are connected. Read: http://economicconfidential.net/new/features/1084-interfaith-relations-an-encounter-with-sheik-khalid-yasin
Using Tourism to Drive Nigeria's Economic Potential
Tourism the world over is seen as an instrument of economic regeneration and stability. Tourism, when properly accessed, can be used to create wealth, empower the people and generate employment. It is an integral part of the economy with direct positive impact on the people. Also, it is an everlasting product that serves as alternative source of revenue and discourages over-dependence on perishable and exhaustible products like oil. It is, also, an alternative source of income as it creates additional jobs and creates foreign currency. Read: http://economicconfidential.net/new/features/1075-using-tourism-to-drive-nigerias-economic-potential
State Police or State Social Security?
State police may give us a psychic victory but it is another band aid that will haunt us in the immediate future. If current socio-economic trends continue and we hit population of 230 million in the next two decades, the clamour will shift to village police. Let's invest in social security such as basic health, education, housing and income, to combat insecurity because the next insurgency may not be based on a wacko ideology of Boko Haram but how to get rid of the 1 percent that monopolizes 80 percent of our wealth. Read: http://economicconfidential.net/new/features/1088-state-police-or-state-social-security
For more, please visit our websites for more:
Economic Confidential
Federation Account: How They Share N913bn and $1bn in August 2012
Again Economic Confidential provides facts and figures tables of the distribution of revenue to all tiers of government from the Federation Account at the meeting of the Federation Account Allocation Committee in August 2012. While a single state received a whopping N19 billion and and $52bn, another state merely received about N3.7bn and $8bn respectively. The allocations were made from $1 billion from Foreign Excess Crude Account, N27bn from Forex Differential and N886bn as Statutory and VAT All all in August 2012. For full details of the disbursement check Facts and Figures pages of the Economic Confidential or click: http://economicconfidential.net/new/financial/facts-a-figures
DG, Provost, Lawyer, Others in Soup as Code of Conduct Tribunal begins trial
A Director General will this week face trial at the Code of Conduct Tribunal for allegedly recruiting over 60 percent of his staff from a particular section of the country while other public officers would be arraigned for manipulating the award of contract procedures, membership of secret cults, double remunerations and non-declaration of assets while in public office. For more click: http://economicconfidential.net/new/news/national-news/1103-dg-provost-lawyer-others-in-soup-as-code-of-conduct-tribunal-begins-trial
CBN converts more dollar reserves into Chinese yuan
Following continued relevance of China as a global financial player and western financial crises, the Central Bank of Nigeria has decised to convert more foreign reserves from the dollar into the Chinese renminbi or yuan.Read: http://economicconfidential.net/new/financial/monetary/1090-cbn-converts-more-dollar-reserves-into-chinese-yuan
FIRS Generates N524 Billion in July
The Federal Inland Revenue Service (FIRS) has realised a total sum of N524 billion through oil and non-oil tax revenue as at July 2012. In an information obtained by the Economic Confidential, the agency has surpassed its target in the month compared with its monthly target of N302 billion. Read: http://economicconfidential.net/new/financial/tax-matters/1086-firs-generates-n524-billion-in-july
FCT Area Councils Share N1.78b Revenue, SURE-P Allocations
The Federal Capital Territory Administration (FCTA) has disbursed N1.786 billion to its six area councils being funds received from the Federation Account Allocation Committee and the Subsidy Reinvestment and Empowerment Programme (SURE-P) for the month ofJuly, 2012. The six area councils are also expected to share $1,597,048.73 from the Excess Crude Proceed Account. Read: http://economicconfidential.net/new/news/national-news/1098-fct-area-councils-share-n178b-revenue-sure-p-allocations
Interfaith Relations: An Encounter with Sheik Khalid Yasin
Sheik Yasin is not just a religious scholar; he is a motivational speaker who is very mindful of his topic and his target audience. He is articulate and sincere but careful never to hurt the feelings of his audience, whether Muslims or non-Muslims. From our close interactions and discussions, one could see an advocate who strongly believes that Muslims and Christians should embrace tolerance and brotherliness saying both faiths are connected. Read: http://economicconfidential.net/new/features/1084-interfaith-relations-an-encounter-with-sheik-khalid-yasin
Using Tourism to Drive Nigeria's Economic Potential
Tourism the world over is seen as an instrument of economic regeneration and stability. Tourism, when properly accessed, can be used to create wealth, empower the people and generate employment. It is an integral part of the economy with direct positive impact on the people. Also, it is an everlasting product that serves as alternative source of revenue and discourages over-dependence on perishable and exhaustible products like oil. It is, also, an alternative source of income as it creates additional jobs and creates foreign currency. Read: http://economicconfidential.net/new/features/1075-using-tourism-to-drive-nigerias-economic-potential
State Police or State Social Security?
State police may give us a psychic victory but it is another band aid that will haunt us in the immediate future. If current socio-economic trends continue and we hit population of 230 million in the next two decades, the clamour will shift to village police. Let's invest in social security such as basic health, education, housing and income, to combat insecurity because the next insurgency may not be based on a wacko ideology of Boko Haram but how to get rid of the 1 percent that monopolizes 80 percent of our wealth. Read: http://economicconfidential.net/new/features/1088-state-police-or-state-social-security
For more, please visit our websites for more:
Economic Confidential
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Nigeria's Economic Magazine
