| The 7 Biggest Banks in Nigeria Ranking of Biggest, Bigger and Big Banks In an environment where every bank claims to receive different awards largely from reciprocal media that traditionally reward patronage and occasionally from questionable institutions, attempts by the Economic Confidential magazine to collect data from some relevant institutions, through official channels including published reports were thwarted because of fears of misrepresentation and misconception of facts. Nevertheless the Nigeria's Economic Magazine succeeded in getting undisputable figures on the positions of the banks as at the end of last year. The magazine relies on facts and figures that have been endorsed by the regulators in the sector especially the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC)... Read Contentious Accounts: FG Wants Out of Court Settlement The Federal Government has told the Supreme Court on December 1, 2008 that it was willing to settle out of court a dispute it has with states over contentious accounts and illegal deductions from the Federation Account. Thirteen states have sued the Federal Government at the apex court for refusing to pay into the Federation Account monies realised from signature bonus, dividend from the Nigeria Liquefied Natural Gas, sales of government properties, privatisation proceeds, education tax, waivers and concessions among others... Read FEDERATION ACCOUNT: Another Double Allocation in November 2008 Statutory and VAT Disbursement: N568bn Augmentation from the Excess Crude: N85bn At the meeting of the Federation Account Allocation Committee (FAAC) held in November 2008, a total sum of N564.89billion was disbursed to tiers of government and two revenue agencies as Statutory and VAT Disbursements while another N85bn was shared by the tiers of government as augmentation from Excess Crude Account...Read Nigeria in the Storm of Development From all indications, Nigeria remains the Big Brother in Africa, in other words Giant of Africa judging from international perspectives as well as her Foreign Policies. My utmost concern, however, is squarely on the position of our external good gesture, which does not portray the true position of things in our dear nation; 'charity, they say, begins at home'... Read | 
