Latest from the Economic Confidential
Interview
Companies Now To Introduce Terrorism Insurance- Fola Daniel
Commissioner for Insurance and Director General, National Insurance Commission, Mr. Fola Daniel answered questions on nagging issues the industry during the retreat held for insurance correspondents at the Le' Meridien Ibom Hotel, Uyo, Akwa Ibom State. Managing Editor, SANYA ADEJOKUN was there... Read: http://economicconfidential.com/2014/07/companies-now-to-introduce-terrorism-insurance-fola-daniel/
States, Councils Get 35.5% Of Federation Account In June
…As FAAC Disburses N1.1tn For May
The Federation Accounts Allocation Committee last month (June) disbursed a total N1 trillion to the three tiers of government and other agencies for the month of May 2014. A careful analysis of the disbursements however, revealed that contrary to the existing revenue formula which stipulates 52.68 percent to federal, 26.72 percent to states and 20.6 percent to local government, both states and local governments actually got less than 30 percent during the month under consideration... Read: http://economicconfidential.com/2014/07/states-councils-get-35-5-of-federation-account-in-june/
Unclaimed Dividends Hit N50.94Bn in 2013
The quantum of unclaimed dividends in lying in the account of quoted companies in Nigeria has been on a gradual decline, because various stakeholders have been actively engaged in efforts in this direction. At the end of December 2013, unclaimed dividend in the books of capital market registrars dropped to N50.94 billion... Read: http://economicconfidential.com/2014/07/unclaimed-dividends-hit-n50-94bn-in-2013/
At CBN, Its Business As Usual
Sanya Adejokun here looks at the first one month of Central Bank of Nigeria under Godwin Emefiele and concluded that except for rhetoric and temperament, it is business as usual. With his new appointment, the former Zenith Bank Plc chief executive has assumed the mantle as the 11th CBN chief as well as its 10th indigenous governor. His approach in the handling of the job is expected to be measured and conservative, he would face the challenging task of managing pre-election spending and maintaining price stability amid Nigeria's declining external reserves... Read: http://economicconfidential.com/2014/07/at-cbn-its-business-as-usual/
Nigeria's GDP Rebasing and Intra-Africa Trade Boosting
Data released by the Nigerian Bureau of Statistics following the recent rebasing of the country's Gross Domestic Product shows that the Nigerian economy is much more diversified than we had thought or acknowledged... Read: http://economicconfidential.com/2014/07/nigerias-gdp-rebasing-and-intra-africa-trade-boosting/
Power of Apology and Constructive Engagement
At a recent private engagement with the media, a prince of the Sokoto caliphate, former aide de camp to former President Ibrahim Babangida and current National Security Adviser (NSA), Col. Sambo Dasuki (retired) lamented that terrorists have succeeded in changing the way Nigerians see and relate with each other but observed the only way to defeat them is for all of us to remain united in constructive engagements and mutual dialogues and confront their threat as one united nation under God... Read: http://economicconfidential.com/2014/07/power-of-apology-and-constructive-engagement/
Niger Delta: Of Durable Peace And Political Settlement
In June 2009, President Umaru Yar'Adua granted "amnesty and unconditional pardon to all persons who have directly or indirectly participated in the commission of offences associated with militant activities in the Niger Delta." Militants, insurgents and justice seekers who protested against the government and multinational oil companies had until Sunday, October 4, 2009, to either accept the presidential pardon or face the wrath of the Federal Government... Read: http://economicconfidential.com/2014/07/niger-delta-of-durable-peace-and-political-settlement/
EU Looking To Nigeria For Gas Supply
With Russia in conflict with the European Union and Nigeria looking to expand business frontiers especially with United States depending more on Shale oil, Nigeria has agreed on terms to support long-term gas supply security with the European Union... Read: http://economicconfidential.com/2014/07/eu-looking-to-nigeria-for-gas-supply/
FIRS sets deadline for Tax remittances Energy Companies
The Federal Inland Revenue Service, FIRS, and the National Electricity Regulatory Commission, NERC, have set June 30 as the deadline for the remittance of taxes by power sector operators in the Nigerian Electricity Supply Industry, NESI... Read: http://economicconfidential.com/2014/07/firs-sets-deadline-for-tax-remittances-energy-companies/
Boko Haram, Muslims and Northerners
Sometimes the silence of Northerners and Muslims over monumental atrocities being committed in some parts of the North, is being viewed either as a sign of complicity or endorsement of atrocities being perpetrated by insurgents. The reality however, is that most of the victims of the attacks are actually Northerners and many are even notable traditional rulers and Islamic clerics who dared to condemn such activities just like the killing of Emir of Gwoza.... Read: http://economicconfidential.com/2014/07/boko-haram-muslims-and-northerners/
Segun Olugbile: Dedicated to Clean Cyberspace
Concerned about cybersecurity in Nigeria, critical stakeholders recently met and suggested input into the country's policy framework on cybersecurity at the First National Cybersecurity Forum.The technical consultant to the successful hosting of the conference is Olusegun Olugbile, the Managing Partner of Continental Project Affairs Associates (CPAA). ... Read: http://economicconfidential.com/2014/07/segun-olugbile-dedicated-to-clean-cyberspace/
How Boko Haram Beats Efforts To Choke Its Financing
When Washington imposed sanctions in June 2012 on Boko Haram leader Abubakar Shekau, he dismissed it as an empty gesture. Two years later, Shekau's skepticism appears well founded: his Islamic militant group is now the biggest security threat to Africa's top oil producer, is richer than ever, more violent and its abductions of women and children continue with impunity... Read: http://economicconfidential.com/2014/07/how-boko-haram-beats-efforts-to-choke-its-financing/
Economic Confidential
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Nigeria's Economic Magazine
