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 Linkedin: http://www.linkedin.com/in/economicconfidential also Twitter : http://twitter.com/economicng
Nigeria Receives $5 bn FDI from US as We Reduce Visa Waiting Time - Ambassador McCulley
Ambassador Terence P. McCulley, the United States Ambassador to Nigeria recently granted an interview to the Economic Confidential magazine in Abuja. He speaks on various economic, socio-political issues affecting Nigeria and USA and efforts being made to address challenges of securing US Visa by Nigerians. Read: http://economicconfidential.net/new/interviews/1140-nigeria-as-giant-of-africa-receives-5-billion-fdi-from-us--ambassador
EFCC arraigns eight fuel subsidy fraud suspects
The Economic and Financial Crimes Commission (EFCC) has arraigned another eight suspects in connection with part of a multi-billion dollar fuel subsidy scam.The eight suspects, working for five companies, were charged with involvement in about N3.7 billion ($23.57 million) worth of fraud. Read: http://economicconfidential.net/new/news/national-news/1128-efcc-arraigns-eight-fuel-subsidy-fraud-suspects
Canada's Confidence In Nigerian Economy Stronger -Envoy
The Canadian High Commissioner to Nigeria, Mr. Chris Cooter, has said that Canada is currently working on strategies aimed at increasing its foreign direct investment in Nigeria within the next few years due to enhanced confidence in the Nigerian economy. Read: http://economicconfidential.net/new/news/national-news/1154-canadas-confidence-in-nigerian-economy-stronger-envoy-
Rivers Loses 117 oil wells and N17bn
Rivers State government has raised the alarm over the loss of 117 oil wells and accused the Federal Government of paying N17bn Rivers money to Bayelsa. The money was expected to remain in a special account until the land/oil well dispute between the two states was resolved. Read: http://economicconfidential.net/new/news/state-news/1165-rivers-loses-117-oil-wells-and-n17bn
Kano Builds Governors' College, First Ladies' College
In its efforts to improve education in the state and encourage more children's enrolment in schools, Kano State Government has commissioned a new secondary school, known as the Governors' College and will soon commence the construction of its feminine counterpart to be christened First Ladies' College. Read: http://economicconfidential.net/new/news/state-news/1157-kano-builds-governors-college-first-ladies-college-
CAC Launches 24 Hours Service, 2 Hours Business Registration
Minister of Trade and investment, Mr. Olusegun Aganga has launched the Corporate Affairs Commission's (CAC) ``start to finish 24-hour incorporation service" at a ceremony in Lagos. The Minister, who also inaugurated the Lagos office of the agency at Alausa, said the step was part of government's efforts to improve investment climate in the country. Aganga, while lauding the achievement of 24-hours business registration said that the business registration target in the country was for two hours. Read: http://economicconfidential.net/new/news/state-news/1156-cac-launches-24-hours-service-2-hours-business-registration-
Libya: The tragedy of replacing a despot with tyrants
One year ago, Libya's Muammar Ghaddafi was killed in his hometown of Sirte. His death marked a new phase in the history of the country he had ruled for about 42 years. It was also a seeming end to the rebellion that sought, for nearly eight months, to consume his government and 'free' Libyans from his dictatorship. Today, Libya is in ruins and the prospect looks very grim. Read: http://economicconfidential.net/new/features/1150-libya-the-tragedy-of-replacing-a-despot-with-tyrants
Flood in the Eyes of the President
While most of the utterances and actions of President Jonathan over the flooding are commendable, the establishment of the Dangote's committee should have been in consonance with the enabling laws. As former Chairman of the governing council of NEMA, the President would recall that there is a provision envisaging such development in the law that established NEMA: Act 12 as amended by Act 50 of 1999. Read: http://economicconfidential.net/new/features/1145-flood-in-the-eyes-of-the-president
IMF's poisoned pill
President Goodluck Jonathan indicated in the 2013 budget proposal that "the benchmark price is based on a well-established econometric methodology of estimating oil price moving averages". Indeed, Dr. Okonjo-Iweala has similarly maintained that "benchmark pricing is not a thing you just sit down and concoct; they are based on some fundamental economic analysis. And we actually have a model we use to project Nigerian oil benchmark price over the past three years." Read: http://economicconfidential.net/new/features/1149-imfs-poisoned-pill
How To Create Credible Jobs in Nigeria
Nigeria is currently witnessing some of the worst scenarios of joblessness especially of her productive populace who come out of formal educational trainings without any sustainable hope of gaining credible and well paying jobs. Read: http://economicconfidential.net/new/features/1146-how-to-create-credible-jobs-in-nigeria
Of Sandy, Flooding And Disaster Management In Nigeria And The US
For the last month or so, Nigeria, this land that nature so spoils with love, has reeled from the effect of massive flooding. The flooding, a result of heavy rainfall, was not unexpected. NEMA, Nigeria's equivalent to America's heroic FEMA, actually surprised even itself by predicting correctly that there would be massive flooding this year. Read: http://economicconfidential.net/new/features/1148-of-sandy-flooding-and-disaster-management-in-nigeria-and-the-us
How FG, States Share N712bn in October 2012
FAAC: How They Share N658bn as Statutory Revenue and VAT Revenue in October 2012
The Economic Confidential magazine provides here the distribution of a total sum of N658billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in October, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom N17.6bn, Rivers receiving N14.4bn, Delta N14.4bn and Bayelsa N9.8bn. The highest recipients from non-oil –producing states are Lagos N13.8bn and Kano N10.6bn. Read: http://www.economicconfidential.net/new/financial/facts-a-figures/1170-faac-how-they-share-n658bn-as-statutory-revenue-and-vat-revenue-in-october-2012
Excess Crude Account: How They Share N35.54bn in October 2012
The Economic Confidential magazine provides the detailed table of the distribution of N35, 549,235,691.43 from Excess Crude Saving Account being Sure-P for October, 2012. See the table: http://www.economicconfidential.net/new/financial/facts-a-figures/1169-excess-crude-account-how-they-share-n3554bn-in-october-2012
NNPC Refund: How They Share N7.6bn in October 2012
The Economic Confidential provides the table of distribution of N7,617,431,250.00 to States & Local Government Councils in October, 2012 being 14th refund made by the Nigeria National Petroleum Corporation (NNPC). Read: http://www.economicconfidential.net/new/financial/facts-a-figures/1172-nnpc-refund-how-they-share-n76bn-in-october-2012
Budget Differential: How They Share N13bn in October 2012
The Economic Confidential provides the table of the distribution of N13,007,902,267.90 to States and Local Government Councils in Nigeria from excess oil revenue account being difference between budget & actual in October, 2012. Read: http://www.economicconfidential.net/new/financial/facts-a-figures/1171-budget-differential-how-they-share-n13bn-in-october-2012
For more, please visit our websites for more:
Nigeria Receives $5 bn FDI from US as We Reduce Visa Waiting Time - Ambassador McCulley
Ambassador Terence P. McCulley, the United States Ambassador to Nigeria recently granted an interview to the Economic Confidential magazine in Abuja. He speaks on various economic, socio-political issues affecting Nigeria and USA and efforts being made to address challenges of securing US Visa by Nigerians. Read: http://economicconfidential.net/new/interviews/1140-nigeria-as-giant-of-africa-receives-5-billion-fdi-from-us--ambassador
EFCC arraigns eight fuel subsidy fraud suspects
The Economic and Financial Crimes Commission (EFCC) has arraigned another eight suspects in connection with part of a multi-billion dollar fuel subsidy scam.The eight suspects, working for five companies, were charged with involvement in about N3.7 billion ($23.57 million) worth of fraud. Read: http://economicconfidential.net/new/news/national-news/1128-efcc-arraigns-eight-fuel-subsidy-fraud-suspects
Canada's Confidence In Nigerian Economy Stronger -Envoy
The Canadian High Commissioner to Nigeria, Mr. Chris Cooter, has said that Canada is currently working on strategies aimed at increasing its foreign direct investment in Nigeria within the next few years due to enhanced confidence in the Nigerian economy. Read: http://economicconfidential.net/new/news/national-news/1154-canadas-confidence-in-nigerian-economy-stronger-envoy-
Rivers Loses 117 oil wells and N17bn
Rivers State government has raised the alarm over the loss of 117 oil wells and accused the Federal Government of paying N17bn Rivers money to Bayelsa. The money was expected to remain in a special account until the land/oil well dispute between the two states was resolved. Read: http://economicconfidential.net/new/news/state-news/1165-rivers-loses-117-oil-wells-and-n17bn
Kano Builds Governors' College, First Ladies' College
In its efforts to improve education in the state and encourage more children's enrolment in schools, Kano State Government has commissioned a new secondary school, known as the Governors' College and will soon commence the construction of its feminine counterpart to be christened First Ladies' College. Read: http://economicconfidential.net/new/news/state-news/1157-kano-builds-governors-college-first-ladies-college-
CAC Launches 24 Hours Service, 2 Hours Business Registration
Minister of Trade and investment, Mr. Olusegun Aganga has launched the Corporate Affairs Commission's (CAC) ``start to finish 24-hour incorporation service" at a ceremony in Lagos. The Minister, who also inaugurated the Lagos office of the agency at Alausa, said the step was part of government's efforts to improve investment climate in the country. Aganga, while lauding the achievement of 24-hours business registration said that the business registration target in the country was for two hours. Read: http://economicconfidential.net/new/news/state-news/1156-cac-launches-24-hours-service-2-hours-business-registration-
Libya: The tragedy of replacing a despot with tyrants
One year ago, Libya's Muammar Ghaddafi was killed in his hometown of Sirte. His death marked a new phase in the history of the country he had ruled for about 42 years. It was also a seeming end to the rebellion that sought, for nearly eight months, to consume his government and 'free' Libyans from his dictatorship. Today, Libya is in ruins and the prospect looks very grim. Read: http://economicconfidential.net/new/features/1150-libya-the-tragedy-of-replacing-a-despot-with-tyrants
Flood in the Eyes of the President
While most of the utterances and actions of President Jonathan over the flooding are commendable, the establishment of the Dangote's committee should have been in consonance with the enabling laws. As former Chairman of the governing council of NEMA, the President would recall that there is a provision envisaging such development in the law that established NEMA: Act 12 as amended by Act 50 of 1999. Read: http://economicconfidential.net/new/features/1145-flood-in-the-eyes-of-the-president
IMF's poisoned pill
President Goodluck Jonathan indicated in the 2013 budget proposal that "the benchmark price is based on a well-established econometric methodology of estimating oil price moving averages". Indeed, Dr. Okonjo-Iweala has similarly maintained that "benchmark pricing is not a thing you just sit down and concoct; they are based on some fundamental economic analysis. And we actually have a model we use to project Nigerian oil benchmark price over the past three years." Read: http://economicconfidential.net/new/features/1149-imfs-poisoned-pill
How To Create Credible Jobs in Nigeria
Nigeria is currently witnessing some of the worst scenarios of joblessness especially of her productive populace who come out of formal educational trainings without any sustainable hope of gaining credible and well paying jobs. Read: http://economicconfidential.net/new/features/1146-how-to-create-credible-jobs-in-nigeria
Of Sandy, Flooding And Disaster Management In Nigeria And The US
For the last month or so, Nigeria, this land that nature so spoils with love, has reeled from the effect of massive flooding. The flooding, a result of heavy rainfall, was not unexpected. NEMA, Nigeria's equivalent to America's heroic FEMA, actually surprised even itself by predicting correctly that there would be massive flooding this year. Read: http://economicconfidential.net/new/features/1148-of-sandy-flooding-and-disaster-management-in-nigeria-and-the-us
How FG, States Share N712bn in October 2012
FAAC: How They Share N658bn as Statutory Revenue and VAT Revenue in October 2012
The Economic Confidential magazine provides here the distribution of a total sum of N658billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in October, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom N17.6bn, Rivers receiving N14.4bn, Delta N14.4bn and Bayelsa N9.8bn. The highest recipients from non-oil –producing states are Lagos N13.8bn and Kano N10.6bn. Read: http://www.economicconfidential.net/new/financial/facts-a-figures/1170-faac-how-they-share-n658bn-as-statutory-revenue-and-vat-revenue-in-october-2012
Excess Crude Account: How They Share N35.54bn in October 2012
The Economic Confidential magazine provides the detailed table of the distribution of N35, 549,235,691.43 from Excess Crude Saving Account being Sure-P for October, 2012. See the table: http://www.economicconfidential.net/new/financial/facts-a-figures/1169-excess-crude-account-how-they-share-n3554bn-in-october-2012
NNPC Refund: How They Share N7.6bn in October 2012
The Economic Confidential provides the table of distribution of N7,617,431,250.00 to States & Local Government Councils in October, 2012 being 14th refund made by the Nigeria National Petroleum Corporation (NNPC). Read: http://www.economicconfidential.net/new/financial/facts-a-figures/1172-nnpc-refund-how-they-share-n76bn-in-october-2012
Budget Differential: How They Share N13bn in October 2012
The Economic Confidential provides the table of the distribution of N13,007,902,267.90 to States and Local Government Councils in Nigeria from excess oil revenue account being difference between budget & actual in October, 2012. Read: http://www.economicconfidential.net/new/financial/facts-a-figures/1171-budget-differential-how-they-share-n13bn-in-october-2012
For more, please visit our websites for more:
Economic Confidential
Factual, Authoritative and Accessible
Nigeria's Economic Magazine
No comments:
Post a Comment