MDAs to Move into Recovered Looted Properties... As MTN Fine Reduced to N330bn

 

Latest from the Economic Confidential, the factual, authoritative and accessible economic magazine

 

MDAs to Move into Recovered Looted Properties

The Minister of Finance, Mrs Kemi Adeosun said the Federal Government plans to relocate some of its Ministries, Agencies and Departments (MDA) into some recovered looted properties.

Read: http://economicconfidential.com/2016/06/mdas-to-benefit-from-properties-seized-from-corrupt-officials/

 

FG Approves Cut in MTN Fine from N1tr to N330bn

The Federal Government has finally agreed to cut down the fine imposed on MTN Nigeria Communications following series of meetings and negotiations spanning almost 180 days from N1.04 trillion to N330 billion.

Read: http://economicconfidential.com/2016/06/fg-approves-cut-mtn-fine/

 

FG To Cut 2016 Budget, Increase Debt Ratio

Federal government has opted to reduce total budgetary spending on 2016 capital expenditure plan ahead of indication that the budget would not be implemented fully.

Read: http://economicconfidential.com/2016/06/fg-cut-2016-budget-increase-debt-atio/

 

NNPC Pays N56bn To Federation Account

The Nigerian National Petroleum Corporation (NNPC) said it paid N56.22 billion into the Federation Account in April, 2016.

Read: http://economicconfidential.com/2016/06/nnpc-pays-n56bn-federation-account/

 

FG, Songhai Farms Sign Pact To Harness River Basin Resources

The Federal Government has signed a Memorandum of Understanding (MoU) with Songhai Farms, Porto-Novo, Benin Republic, to harness resources of River Basin Development Authorities in the country.

Read: http://economicconfidential.com/2016/06/fg-songhai-farms-sign-pact-harness-river-basin-resources/

 

EU Extends Ban On Beans Import From Nigeria By 3years

After twelve solid months of zero export of Nigerian dry beans, the European Union has extended its ban on importation of dried beans from Nigeria by another three years.

Read: http://economicconfidential.com/2016/06/eu-extends-ban-beans-import-nigeria-3years/

 

Mass Sack: NLC, TUC Vow To Cripple Banking Sector

Ahead of the expiration of the 21-day ultimatum issued to some banks which recently sacked some of their workers to recall them, the organised labour yesterday vowed to cripple their operations over ongoing mass retrenchment of workers.

Read: http://economicconfidential.com/2016/06/mass-sack-nlc-tuc-vow-cripple-banking-sector/

 

N-Delta Wants To Control Its Resources —AVENGERS

THE Niger Delta Avengers, NDA, has said that the people of Niger Delta want to assume ownership of their resources, and urged the international community to support the quest.

Read: http://economicconfidential.com/2016/06/n-delta-wants-to-control-its-resources-avengers/

 

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