Thursday, 18 October 2012

Ex-Governors for Retrial at Tribunal as FG, States Shared N691bn in September 2012

Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidentialhttp://www.facebook.com/economicmagazine and Linkedin: http://www.linkedin.com/in/economicconfidential  also Twitter : http://twitter.com/economicng

Ex-Governors may face re-trial as Code Tribunal
…Assumes jurisdiction to try LG Chair for cultism
Indications have emerged that former state governors who were let off the hook on account of jurisdiction and Section 3 of the Conduct Bureau (CCT)/Code of Conduct Tribunal (CCB) Act 1989 may be re-tried as the Code of Conduct Tribunal declared the section as being in contravention of the 1999 Constitution.Read... http://economicconfidential.net/new/news/national-news/1139-ex-governors-may-face-re-trial-as-code-tribunal-knocks-off-section-3-of-ccbcct-act

Federation Account: How They Share N691bn in September 2012
Before the recent October meeting of the Federation Account Allocation Committee, the Economic Confidential had obtained the detailed breakdown of how Federal Government, States and Local government Councils shared a total of N691bn at a previous meeting in September 2012. The tables of the distributions include N632bn for the statutory allocation, N35bn from the Excess Oil Revenue Account, N26bn from the Domestic Excess Crude Account and N7.6bn from NNPC Refund... For all the tables click: http://economicconfidential.net/new/financial/facts-a-figures

The Incorruptible Civil Servant and National Honours
In a country where everybody is perceived as corrupt, especially in the public service, Mr. Muhammad TahirZakari has distinguished himself as an incorruptible civil servant. He was among the 148 individuals who were conferred with Nigeria's National Honours Awards by President Goodluck Jonathan on September 17, 2012. Read.. http://economicconfidential.net/new/component/content/article/1105-the-incorruptible-civil-servant-and-national-honours

Before Sanusi, CBN governor becomes the Emir
A few months after he became Governor of the Central Bank of Nigeria, he was asked to comment on conversations in cyberspace linking him with presidential ambition, MallamLamidoSanusiLamido said it was not true. "Do you have any presidential ambitions?" "No, I don't. I have ambitions to be the emir of Kano", he quipped.Read: http://economicconfidential.net/new/financial/monetary/1104-before-sanusi-cbn-governor-becomes-the-emir

Still on Controversial N5000 Note
In defence of this obnoxious monetary policy as seen by the majority of Nigerians, many of whom are seasoned economists and financial gurus, not in exclusion of some ex-Heads of the Nigerian State and Government, the leadership of the apex Band is still recalcitrant and neck deep to go ahead and introduce same in spite all oppositions. Read: http://economicconfidential.net/new/features/1110-still-on-controversial-n5000-note

Sustainable development diplomacy: The way forward for PDP
Recently I was in Driebergen, Netherlands as a Nigerian participant at the 19th International Programme on Managing Sustainability (IPMS 2012) where participants from different countries had the opportunity of sitting together to cross-fertilise ideas, improve and build capacity on managing sustainability. Read... http://economicconfidential.net/new/features/1111-sustainable-development-diplomacy-the-way-forward-for-pdp

Between Nigerians and Inclement Weather
The year 2012 has brought with it the worst weather calender in the history of Nigeria's existence as a geographical and/or geopolitical territory since the amalgation of the Southern and Northern Protectorates by the then British colonial masters in 1914 led by the late Lord Lugard. Read... http://economicconfidential.net/new/features/1109-between-nigerians-and-inclement-weather

The United States and the Cost of Blasphemy
Admittedly, in the US anything goes and everyone has their fair share to express his view, but that freedom of expression is of course not limitless. Thus,  it  is  something to be restricted within the bound of reason and  mutual respect. There is no gain saying the fact that Islam as a religion, profoundly teaches, promotes and enjoins tolerance. Read... http://economicconfidential.net/new/features/1107-the-united-states-and-the-cost-of-blasphemy

Why the North must devise a survival strategy
Except for the North, nearly everyone is either clamouring for secession or regional autonomy. And because the North appears reluctant on this matter it has been repeatedly dubbed a parasite and drawback on the entire nation. But the North cannot afford to continue to be silent and take in every insult. It must take a stand; one that would determine its own survival. Read... http://economicconfidential.net/new/features/1108-why-the-north-must-devise-a-survival-strategy

Sani-Sidi and Volunteerism in Disaster Management
In the last two years, many stakeholders both within and outside Nigeria would have noticed the miraculous changes in the sphere of disaster management in the country which could be attributed to the tireless and dedicated efforts of the Director General National Emergency Management Agency (NEMA), Alhaji Muhammad SaniSidi who was appointed in September 2010. Read... http://economicconfidential.net/new/features/1106-sani-sidi-and-volunteerism-in-disaster-management

VTNetwork Receives License to Rollout Vcash Mobile Payment in Nigerians
The Central Bank of Nigeria (CBN) has provided its final regulatory approval to VTNETWORK Limited (VTNETWORK) to rollout mobile payment services across Nigeria. Holding CBN's final approval letter in his hand, Peter Ojo, VTNETWORK CEO announced, "it has been a very long journey, not just for us, but for our agents, super agents and subscribers. We can take the reins off our VCASH service; it is fully live." Read... http://economicconfidential.net/new/financial/monetary/1115-vtnetwork-receives-license-to-rollout-vcash-mobile-payment-in-nigerians


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Economic Confidential
Factual, Authoritative and Accessible
Nigeria's Economic Magazine

Tuesday, 16 October 2012

Nigeria's SMEs Gets N23bn - NEXIM Boss, Still on So-Called National Honours

Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidentialhttp://www.facebook.com/economicmagazine and Linkedin: http://www.linkedin.com/in/economicconfidential  also Twitter : http://twitter.com/economicng

Nigeria's SMEs Receives N23bn as the investment climate is fully liberalised- NEXIM boss
Robert Orya the Managing Director/Chief Executive Officer of the Nigerian Export-Import Bank (NEXIM Bank) speaks to the Economic Confidential on how entrepreneurs, manufacturers, importers and exporters and including movie producers could benefit from the bank's facilities. He also discloses that SMEs has so far received N23 billion from the bank. Read the full interview…

Still on Controversial 2012 Nigeria's National Honours for Office Holders
The Economic Confidential can report that about 75 percent of the 148 award recipients actually occupy top public offices either as appointed or elected figures in the executive, judiciary and legislative arms of government. They include Ministers, governors, legislators, judges and politicians. Some of the awards are actually reserved for some offices too. The credentials for the awards are on the official positions of the recipients rather than other deserving merits. See the table and read the full: http://economicconfidential.net/new/financial/facts-a-figures/1134-2012-nigerias-national-honours-awards-to-office-holders

Africa's economies assumes middle income status-World Bank
Safe for widespread mismanagement of their resources, most African countries should now in a position to feed their citizens and grow out of poverty, a new World Bank report has indicated. Read: http://economicconfidential.net/new/features/1125-africas-economies-assumes-middle-income-status-world-bank

NIMC to Pay N30b for 4000 sacked workers
The Federal Government has approved N30 billion for the sacked 4,029 workers of the National Identity Management Commission, NIMC.  Director General and chief executive of NIMC, Barr. Chris Onyemenam disclosed this recently. Read: http://economicconfidential.net/new/news/national-news/1123-nimc-to-pay-n30b-for-4000-sacked-workers
 
RMAFC Committed to Economic Diversification
The Revenue Mobilization Allocation and Fiscal Commission has reiterated its commitment to strengthening economic diversification in the country for increased revenue generation to complement oil revenue earnings and provide governments at all levels adequate funding for the execution of vital projects and infrastructure. 
 
FERMA to Support Oil and Gas Trade And Investment Forum 2012
The Chairman, Federal Roads Maintenance Agency (FERMA) Engr. Ezekiel OlajideAdeniji has assured members of the organizing Committee of the Oil & Gas Trade and Investment Forum 2012 of its organization's support through the rehabilitation of the bad potions of the road along Eleme to Onne junction in Port Harcourt. Read: http://economicconfidential.net/new/news/national-news/1113-ferma-to-support-oil-and-gas-trade-and-investment-forum-2012
 
Agric Devt: FCTA Provides N250m Revolving Loan for Farmers
…Farmers Want Timeline for Empowerment Scheme Extended to 3yrs
The Federal Capital Territory Administration (FCTA) has provided about N250 million community empowerment agriculture revolving loan for 385 poor communities across the six Area Councils of the FCT. Read: http://economicconfidential.net/new/news/state-news/1114-agric-devt-fcta-provides-n250m-revolving-loan-for-farmers
 
Despite challenges, Union Bank remains on top- Oscar Onyema
Despite its recent challenges, Union Bank of Nigeria has retained its leadership role among banks lending to the agricultural sector of the economy. Read: http://economicconfidential.net/new/business/1130-despite-challenges-union-bank-remains-on-top-oscar-onyema
 
More as Alison-Madueke, Adoke, Otunla Stall House $1.1b OPL 245 Scandal Probe
ON August 16, 2011, which was the eve of Dr. Ngozi Okonjo-Iweala's resumption as Minister of Finance, the Finance Minister of State, Dr. Yerima Ngama and the Minister of Justice, Mr. Muhammed Adoke authorised the transfer of about $1.1 billion from an offshore account of the Government into the account of Malabu Oil, owned by former Minister of Petroleum, Mr. Dan Etete. Several months after however, news of the transfer filtered to the media and tongues began wagging as to the propriety of the action. Read: http://economicconfidential.net/new/business/1132-alison-madueke-adoke-otunlastall-house-11b-opl-245-scandal-probe
 
Again, NCC warns against pre-registration of SIM cards
…Seals off four companies
Miffed about the refusal of telecommunications companies to abide by its warnings on illegal and fraudulent registration and sale of activated SIM cards, the Nigerian Communications Commission has again warned of dire consequences awaiting offenders. Read: http://economicconfidential.net/new/business/1126-again-ncc-warns-against-pre-registration-of-sim-cards
 
FIRS Issues 1.5 million Tax Numbers
THE Federal Inland Revenue Service (FIRS) has so far issued 1.5 million Tax Identification Numbers (TIN) to eligible tax payers.  TIN is used by the FIRS in the administration of tax laws. It is also known as taxpayers' identification number. Read:  http://economicconfidential.net/new/financial/tax-matters/1124-firs-issues-15-million-tax-numbers


For more, please visit our websites for more:

Economic Confidential
Factual, Authoritative and Accessible
Nigeria's Economic Magazine



Nigeria's SMEs Gets N23bn as Investment Climate Liberalised- NEXIM Boss

Latest from factual, authoritative and accessible economic magazine, the Economic Confidential. You can also join us on the Facebook http://www.facebook.com/economicconfidentialhttp://www.facebook.com/economicmagazine and   also Twitter : http://twitter.com/economicng

Nigeria's SMEs Receives N23bn as the investment climate is fully liberalised- NEXIM boss
Robert Orya the Managing Director/Chief Executive Officer of the Nigerian Export-Import Bank (NEXIM Bank) speaks to the Economic Confidential on how entrepreneurs, manufacturers, importers and exporters and including movie producers could benefit from the bank's facilities. He also discloses that SMEs has so far received N23 billion from the bank. Read the full interview…
 
NIMC to Pay N30b for 4000 sacked workers
The Federal Government has approved N30 billion for the sacked 4,029 workers of the National Identity Management Commission, NIMC.  Director General and chief executive of NIMC, Barr. Chris Onyemenam disclosed this recently. Read: http://economicconfidential.net/new/news/national-news/1123-nimc-to-pay-n30b-for-4000-sacked-workers
 
RMAFC Committed to Economic Diversification
The Revenue Mobilization Allocation and Fiscal Commission has reiterated its commitment to strengthening economic diversification in the country for increased revenue generation to complement oil revenue earnings and provide governments at all levels adequate funding for the execution of vital projects and infrastructure. 
 
FERMA to Support Oil and Gas Trade And Investment Forum 2012
The Chairman, Federal Roads Maintenance Agency (FERMA) Engr. Ezekiel OlajideAdeniji has assured members of the organizing Committee of the Oil & Gas Trade and Investment Forum 2012 of its organization's support through the rehabilitation of the bad potions of the road along Eleme to Onne junction in Port Harcourt. Read: http://economicconfidential.net/new/news/national-news/1113-ferma-to-support-oil-and-gas-trade-and-investment-forum-2012
 
Agric Devt: FCTA Provides N250m Revolving Loan for Farmers
…Farmers Want Timeline for Empowerment Scheme Extended to 3yrs
The Federal Capital Territory Administration (FCTA) has provided about N250 million community empowerment agriculture revolving loan for 385 poor communities across the six Area Councils of the FCT. Read: http://economicconfidential.net/new/news/state-news/1114-agric-devt-fcta-provides-n250m-revolving-loan-for-farmers
 
Despite challenges, Union Bank remains on top- Oscar Onyema
Despite its recent challenges, Union Bank of Nigeria has retained its leadership role among banks lending to the agricultural sector of the economy. Read: http://economicconfidential.net/new/business/1130-despite-challenges-union-bank-remains-on-top-oscar-onyema
 
More as Alison-Madueke, Adoke, Otunla Stall House $1.1b OPL 245 Scandal Probe
ON August 16, 2011, which was the eve of Dr. Ngozi Okonjo-Iweala's resumption as Minister of Finance, the Finance Minister of State, Dr. Yerima Ngama and the Minister of Justice, Mr. Muhammed Adoke authorised the transfer of about $1.1 billion from an offshore account of the Government into the account of Malabu Oil, owned by former Minister of Petroleum, Mr. Dan Etete. Several months after however, news of the transfer filtered to the media and tongues began wagging as to the propriety of the action. Read: http://economicconfidential.net/new/business/1132-alison-madueke-adoke-otunlastall-house-11b-opl-245-scandal-probe
 
Again, NCC warns against pre-registration of SIM cards
…Seals off four companies
Miffed about the refusal of telecommunications companies to abide by its warnings on illegal and fraudulent registration and sale of activated SIM cards, the Nigerian Communications Commission has again warned of dire consequences awaiting offenders. Read: http://economicconfidential.net/new/business/1126-again-ncc-warns-against-pre-registration-of-sim-cards
 
FIRS Issues 1.5 million Tax Numbers
THE Federal Inland Revenue Service (FIRS) has so far issued 1.5 million Tax Identification Numbers (TIN) to eligible tax payers.  TIN is used by the FIRS in the administration of tax laws. It is also known as taxpayers' identification number. Read:  http://economicconfidential.net/new/financial/tax-matters/1124-firs-issues-15-million-tax-numbers


For more, please visit our websites for more:

Economic Confidential
Factual, Authoritative and Accessible
Nigeria's Economic Magazine