Latest from the Factual, Authoritative and Accessible Economic Confidential
FIRS Collects N2 Trillion In Six Months- Ogungbesan
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Samuel Ogungbesan has disclosed that the service generated an unprecedented N1.97 billion into the federation account within the first six months of 2015 in spite of harsh economic conditions. How providing how the revenue was generated with collection of N746bn in June 2015 as the highest in a single month. Read:
Deposit Insurance Now Taught In Nigerian Universities
The Nigeria Deposit Insurance Corporation (NDIC) has introduced deposit insurance system (DIS) into the curricula of Nigerian universities and other tertiary institutions as part of the on-going efforts toward enhancing public awareness on its mandate and operational activities. Read:
FAAC Shares N630Bn In July 2015
Good times may just be here for beneficiaries of the federation account as there was relative increase in the distributable revenue for the month of June shared in July despite continuous drop in global oil prices. Exclusive documents available to Economic Confidential revealed that a total of N630bn. The highest and lowest recipients are also listed. Read:
Buhari Lambasts Mines and Steel Officials
This is the worst briefing I have received! President Muhammadu Buhari berated officials of the Federal Ministry of Mines and Steel Development for failing to properly manage the affairs of the sector. "This is one of the most demoralizing briefs I have received. The biggest threat to this country besides the Boko Haram is unemployment and the mining sector is key to employment creation."
Forex Restriction and National Interest
The Central Bank of Nigeria (CBN) has again, tighten the noose on the economy by denying importers of certain goods access to foreign exchange at the official market, emphasizing the need to curtail indiscriminate importation of some goods that could be produced.
Despite Serving Poison, Chocolate Royale Got VIP Treatment From NAFDAC
A tweet from an apparent member of the Moussalli family, Saada Elias Moussalli has caused outrage over the shutting and unprecedented quick reopening of Chocolate Royale and its sister restaurants in Lagos by the National Agency for Food Drugs Administration and Control (NAFDAC). Tweeting under the ashtag @saada_et, she wrote "You are all ignorant Nigeria is not made on newshpapers" and "So expired food for 20 years and nobody get sick so this is fantastic we all should go for expired food haha"
http://economicconfidential.com/despite-serving-poison-chocolate-royale-got-vip-treatment-from-nafdac/Wilmar Under Scrutiny For Land Grab In Nigeria
A new report scrutinizes leading global palm oil trader Wilmar International Ltd. (WLIL.SI) for abuses of human and environmental rights in a large-scale land acquisition in Cross River State. The report, jointly released by Friends of the Earth U.S. and Environmental Rights Action-Nigeria, exposes Wilmar's destruction of High Conservation Value areas, including community food-producing areas and water sources essential to local communities.
Sambo Dasuki: An Encounter With The Spymaster
Dasuki disclosed how himself and two young military officers (they are still alive) travelled to Jos to brief Major General Buhari who was then the GOC of 3rd Armoured Division on the furtherance of the planning of the 1983 coup which made Buhari the major beneficiary of the ouster of the elected President Shehu Shagari. Read: http://economicconfidential.com/sambo-dasuki-an-encounter-with-the-spymaster/
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