Sunday, December 27, 2009

[News Update] Maryam Babangida is Dead... Govt to Bar Consultants from Core Civil Service

 

Latest from Economic Confidential, the authoritative, factual and accessible economic magazine (www.economicconfidential.com)
 
 

Maryam Babangida is Dead: A statement from General Ibrahim Badamasi Babangida's family announced today that Maryam passed on early this morning at the age of 61, after a protracted illness. The former chairperson of the Better Life for Rural Women during her husband's years in office had been hospitalised at University of California Los Angele's (UCLA) Jonsson Comprehensive Cancer Centre in Los Angeles, United States. She died beside her husband, General Babangida who has been at her bedside in the US hospital till her death. Mrs. Babangida's condition worsened months ago... Read

 

Government to Bar Consultants from Core Civil Service.: Disturbed by the low morale and redundancy in the civil service due to incursion of consultants who have virtually taken over some of the responsibilities of civil servants in programmes execution, the government at federal and state levels would soon bar consultants from projects that could easily be implemented in the public service...Read

 

HOS Warns Against Bids Padding by Insurance Firms: The Head of the Civil Service of the Federation, Mr. Stephen Oronsaye, has has warned insurance companies to submit realistic bids that are not padded for payment of bribery and gratifications to any government official. He spoke through Barrister Danladi Kifasi, Permanent Secretary, Ministry of Youth...Read

  

2011 Election: Nigerian Women Insists on 40% Representation or Nothing: Ahead of the 2011 general elections, Nigerian women have insisted on 40 percent representation in political positions in government houses, ministerial appointments and legislative houses... Read


 
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Friday, December 25, 2009

[News Update] Nabbed ATM Fraudsters Confess... As Atuche Faces 45 Fresh Charges

 

Latest from Economic Confidential (www.economicconfidential.com), the authoritative, factual and accessible economic magazine

 

ATM Fraudsters Confess … as Atuche Faces 45 Fresh Charges:After their arrest Nine Automated Teller Machine (ATM), fraudsters who were arraigned on a 22 count charge before Justice Abubakar Talba of the FCT High Court, Gudu Abuja confessed their tactics in defrauding customers to operatives of the Economic and Financial Crimes Commission, EFCC...Read

 

Sao Tome Seeks Fresh Loans from Nigeria: The Prime Minister of Sao Tome and Principe, Dr. Joaquim Rafael Branco has appealed to the Nigerian government to grant his country a concessional loan to meet its obligation... Read

 

FG Repeals Laws That Hamper Private Sector Investments: The Finance Minister of State, Mr. Remi Babalola has disclosed o that policy agenda of the Federal Government would bring succour to the socio-economic crises in the Niger Delta as the government is determined to realise its 7-Point Agenda and the National Vision 20:2020 agenda of positioning Nigeria among the top 20 largest economies in the world... Read

 

Suspension of Mallam Nasir Ahmad El Rufai's return to Nigeria: By Bar. Bamidele Aturu

A few weeks ago Mallam Nasir El-Rufai made his intention to return to his fatherland, Nigeria , known to the public. His resolve to return remains unchanged given his conviction that in serving this great country as a public officer he committed no offence known to our laws or at all, and that all the charges contrived against him and that are being assembled against him remain hopeless attempts to discredit him and his contributions to civilized governance. These charges, standing on no legs as they are, are bound to collapse in the face of even the most cursory forensic consideration... Read

 

Kano Proposes N110bn for Budget 2010: KANO state governor, Malam Ibrahim Shekarau has presented a proposed budget 2010 to the state House of Assembly totalling N110, 304,351,479 which is made up of a recurrent expenditure of N48, 967,547,508 and a capital expenditure component of N61, 623,803,962.…Read

 

 

And more from the Homepage of:


 
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Monday, November 30, 2009

[News Update] Still on Tax from Churches, Mosques ...as Amb. Arraigned for Corruption in Naija

 

Latest from the authoritative, factual and accessible magazine Economic Confidential www.economicconfidential.com
 

TAX MATTERS

Re: Churches and Mosques Must Pay Taxes

By Dr. John Edemode,

Your publication (Economic Confidential print edition) for the Month of November 2009 p.12 refers. FIRS notes and appreciates your continued partnership and support in its publicity, information, education and sensitization for pro-tax attitude and behavior to Nigerian taxpayers. However, it needs to be pointed out that your caption and the intro as contained in the above story were completely at variance with the direct statements of the Executive Chairman, Federal Inland Revenue Service which you quoted in the body of the report… Read

 

Corruption Index: The Ranking of Nigeria from 1995 – 2009

In the last 15 years of the annual report on Corruption Perception Index by the Transparency International, in three instances Nigeria came last position while in 4 different years it was in  second-to-the-last position. In a table computed by Prof Mobolaji Aluko, a columnist with the Economic Confidential magazine indicates that… See Table.

 

Daring Scammers Forged Senate President's Cheque … As EFCC Arraigned Nigerian Ambassador on Corruption Charges

The Economic and Financial Crimes Commission, EFCC arraigned three men over the theft and forgery of the Senate President David Mark's cheque before a Federal Capital Territory High Court presided over by Justice Sunday Aladetoyinbo just as it arraigned a former Nigerian Ambassador to Spain Mamman Yusuf over corrupt practices… Read

 

Prospects For Domestic Petroleum Refining In Nigeria: A Note Of Caution

By Ekpen J. Omonbude, PhD

Recently, there has been an increase in media reports of private investors who have gone as far as having made final investment decisions on the construction or installation of petroleum refineries in Nigeria. While these reports carry varying degrees of validity, they point at what can be argued as a potential emergence of a 'refining boom'… Read

 

MONETARY

Update on Banking Reforms

In furtherance of the banking reforms exercise aimed at ensuring the stability and soundness of Nigeria's banking industry, the Central Bank of Nigeria, (CBN), has appointed advisers that will work with the ten deposit money banks - Afribank Plc, Finbank Plc, Intercontinental Bank Plc, Oceanic International Bank Plc, Union Bank of Nigeria Plc, Bank PHB Plc Equatorial Trust Bank Limited and Spring Bank Plc - whose management were recently replaced, as well as Wema Bank Plc and Unity Bank Plc... Read

 

From the Frontpage www.economicconfidential.com, you can read the following:

 

NATIONAL

Love Scam: Australian Victim Receives $9,300 from Unilag Graduate

Nigeria Canvases for Investment in Agriculture

Economists Call for Sincerity on Deregulation

NEMA Graduates Search and Rescue Officers

FG Earmarks N1.5bn for Year 2009 Pest Control Exercise

 

FEATURES

Exchange Programmes By Chinedu Vincent Akuta

The limit of Sanusi's capitalist reforms By Kola Ibrahim

The Other Side of Recapitalisation By Abubakar Jimoh

 

STATES

Anambra Releases N100m for Laboratories

Kano has highest Allocation for Agriculture

Osun Presents N113bn budget to Legislators

Kaduna Rail Service Commended

Delta to Rehabilitate FG

 

ANNOUNCEMENT: PR Practitioners website: www.prnigeria.net is being redesigned. Visit and dend your views
 
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Tuesday, November 17, 2009

[News Update] Hurray! Nigeria Is No More the Corrupt Nation but....

 

Latest from the Economic Confidential (www.economicconfidential.com

 

Hurray… Nigeria is No More the Most Corrupt Nation

For the first time in several years Nigeria is not listed amongst the most corrupt nations in the world having come to somewhat an improved position out of 180 countries in the current assessment of Transparency International's 2009 Corruption Perceptions Index (CPI), which is a measure of domestic, public sector corruption... Read

 

Table of Clean and Corrupt Nations 2009

New Zealand (1st), Denmark (2nd), Singapore (3rd) Somali (last), Afghanistan (second to the last) and Nigeria (somewhere.... somewhere... neither too good nor too bad)... Click to check the table.

 

More Agitations over New Auditor General ...As Tenure of Acting Incumbent Expires

As lobbyists intensify their agitations to fill the vacant position of Auditor General of the Federation (AUGF), the stage is set for a battle between core civil servants who want due process followed and powerful politicians who believe in favouritism and nepotism to fill the post that has remained vacant but with an acting AUGF since May 2009. It seems to be a do-or-die affairs... Read

 

Nigerian Macroeconomics Improve- Minister ... As Baroness Chalker Commends Amnesty

The Finance Minister, Dr. Mansur Muhtar has disclosed that the Nigerian macroeconomic environment has improved and macroeconomic stability achieved in 2009 due to government's proactive response to the global economic slowdown and the improved global economic environment... Read

 

Features
You can also read the following Features from the Homepage www.economicconfidential.com

ü  COP 15 Meeting: How Prepared is Nigeria- By Adebayo Thomas

ü  Bridging the Developmental Gap - Remi Babalola

ü  EFCC Wont Bow to Blackmail on Banks -By Femi Babafemi

ü  Africa's Foreign Reserves: Reserve for Who? By Chika Ezeanya

 
And much more in:
 
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Sunday, November 15, 2009

[News Update] Again FG, States Share N354bn as Akunyili Lambasts Educational Sector

 

Latest from the factual, authoritative and accessible Economic Confidential (www.economicconfidential.com)
 
Fact and Figures

Again FG, States Share N354bn in November

A total sum of N354.303 billion was distributed among the federal, state and local governments at the monthly meeting of Federation Account Allocation Committee (FAAC) in November 2009, almost similar to that of October 2009... Read

 

Federation Account: How They Share N332bn in October

The Sharing of N27.8bn on Exchange Rate difference in October 2009

 

News features

Madam Rebranding Akunyili Confesses on Deteriorating Educational Sector

According to Professor Akunyili who is the Minister of Information and Communication: "the (academic) environment (today) is so dirty and most times unfit for humans to live. Crowded classrooms, inadequate hostel accommodation, non-existent library services, unfulfilled lecturers, elongation of academic calendars and sessions as a result of consistent strikes, the woes are endless...Read

 

A Nigeria's Graduate in $2.5m Internet Scam ... As Hacker Attacks Police Website

As Nigerian universities are notoriously being on strikes most of the sessions, with some idle students going into prostitution and robbery, their half-baked or unemployed are either into kidnapping or internet scam and other fcriminal activities... Read

 

Amnesty: Barrel of Crude Jumps to 1.84 million... As Koreans Opt Out-of-Court Settlement Over Oil Licence

The Amnesty to Niger Delta Militants which expired on 4th October, 2009 has ushered in the cessation of arms conflict, the wanton destruction of lives and properties and other forms of criminality in the region with recorded improvement in the economic sector and the barrel of crude oil jumping to 1.84 million per day from 1.3 million barrels within the space of time... Read

 

Odey Urges States to Give Attention to Environmental Issues

The Minister of Environment, Mr. John Odey has urged  state Governors all over the country to make the issue of environment a priority in their development agenda...Read

 

Global Economic Crisis an Opportunity to Reposition Nigeria- Minister

The Federal Government has said that the global economic crisis facing the world economy is an opportunity to reposition Nigeria's economy to meet the challenges and take advantage of the opportunities to address problem at home and internationally... Read

 

More articles and features from the Homepage:

 
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Thursday, November 5, 2009

[News Update] No 2nd Term for YarÁdua- Billionaire Debtors, As CBN Supports Deregulation

 

Latest from the Economic Confidential (www.economicconfidential.com)
 

Cover

No 2nd Term Funding for YarÁdua – Billionaire-Debtors Vow

With almost all the names of bigwigs in Nigeria's corporate and political circles published in the list of Bad debtors in the country, the re-election of President Umaru Musa YarÁdua in 2011 is in jeopardy due to massive mobilisation and underground gang up to ensure that he does not return to power after the first tenure... In a finding by the Economic Confidential, secret meetings have been held within and mostly outside the shore of the country from the prying eyes of the security networks... Read

 

Exclusive Interview

No more Needless Borrowing by Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission

Any breach of the provisions of the Fiscal Responsibility Act is liable to prosecution. The Act criminalises all acts of slothfulness in the course of budget preparation, implementation, monitoring, and reporting.  Essentially, the Fiscal Management Commission will be responsible for monitoring and enforcement.   It will investigate and forward violations to the Attorney – General for prosecution... Read

 

Editorial Suite

Odds against downstream deregulation - By Chijama Ogbu

President Umaru Yar'Adua wants Nigerians to see the economic benefits of deregulation and embrace it with open arms. A whopping N600 billion plus will be saved annually by simply allowing petroleum products prices find their own levels. This money when freed up, as his government's argument goes, will used in solving the festering problems of infrastructure in the country... Read

 

Monetary

CBN Supports Deregulation, Allows ETB to Rectify Lapses

Communiqué No. 66 of the Monetary Policy Committee Meeting

List of Major Debtors in Nigeria

 

State News

Kano Spends N1bn on Sports Development as Governor bagged 'Sardauna'

 

National News

Odey Inaugurates Panel on IWMF in Niger Delta

Finally FG, States Share $2bn from Excess Crude Account

 

More as usual from the online version of:

 
Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine

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Monday, November 2, 2009

[News Update] list of Fed. Perm Sec- Non From Bayelsa, Also Church and Mosque to Pay Tax

 

Latest from the Economic Confidential (www.economicconfidential.com)

 

List of Federal Perm. Secs and their States - Non from Bayelsa

The new civil service reform as regards the appointment of Federal Permanent Secretaries has ensured that each state of the federation is now represented at that cadre in addition to representations on geopolitical zones, except Bayelsa State which has none with only one director in the Federal Civil Service... Read and see all the names and states

 

Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

The Federal Inland Revenue Service has insisted that churches and mosques are not exempted from tax payment because the constitution says every citizen must pay tax irrespective of where he or she works just as it describes the usual of consultants to collect tax as aberration... Read

 

IDB advances N3.15bn loan to KDSG 

Kaduna State Government is to receive a loan advance from Islamic Development Bank (IDB) worth $21.13 million (N3.15 billion)The for building science secondary schools... Read

 

Honours for EFCC Boss in USA

As the Chairman of the Economic and Financial Crimes Commission, EFCC, Mrs Farida Waziri concludes the last stage of her meetings with top officials of US government on Monday in Washington DC, the visit has continued to attract positive reactions with the latest coming from the governor of the state of Nevada, Jim Gibbons... Read

 

All from the Homepage, you can read the following:

 

FEATURES

  • Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya
  • Deregulating Robbery in Nigeria By Kola Ibrahim
  • Understanding Monetary Policy By Abubakar Jimoh
  • The Making of Ideal Economic Policies By: Salim Salihu Muhammed
  • The Putrid Mess Also in CBN By Les Leba
  • Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

MONETARY

List of Major Debtors of Bank PHB

List of Major Debtors of Spring Bank

List of Major Debtors of Wema Bank

List of Major Debtors of  Equitorial Trust Bank

Major Debtors of Unity Bank

 

And still more from the
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Tuesday, October 6, 2009

[News Update] N286bn Federal Allocation: Lagos, Kano Top...Bayelsa Loses in Sept09

 

Latest from the Economic Confidential www.economicconfidential.com

 

Facts and Figures

FAAC Allocations of N286bn in Sept - Lagos, Kano top … Bayelsa loses

As part of the two allocations in September 2009, the Economic Confidential magazine provides here the distribution of a total sum of N286 billion being the statutory and VAT allocations shared to all tiers of government at the monthly meeting of the Federation Account Allocation Committee (FAAC). Other allocations are in Fact and Figures pages. From the total disbursement of nets after deductions, the highest recipients are Lagos receiving N8.1bn, Akwa Ibom N7.6bn, Rivers N7.4bn, Delta N6.8bn, Kano N5.6bn, Katsina NN4.1bn and surprisingly Bayelsa and Edo that are oil producing states received N3.1bn and N2.9bn respectively... Read

 

Profile

Ahmed Gobir: A Managerial Fellow and Legal Administrator

When the Nigerian Institute of Management (NIM) hosted its Annual National Management Conference and conferred awards of Fellow to imminent personalities, one of the young beneficiaries who drew applauses from the audience is the current General Manager/CEO – Crittall-Hope Kaduna Ltd and Group Company Secretary in Nigeria – Crittall-Hope Nigeria Limited, Lagos, Mallam Ahmed Ladan Gobir....Read

 

EXCLUSIVE INTERVIEW

Why FMBN Requires Over N150bn for Recapitalization- DG FMBN

Before the recent release of names of Bad Mortgage debtors by Federal Mortgage Bank of Nigeria, the Managing Director of the Bank, Mr. Ahmed Abdulsalam granted an audience to the Economic Confidential on his visions and missions at the apex mortgage institution in Nigeria...Read

We can End Nigeria's Reliance on Foreign Goods –DG of NASENI

 

FOCUS

NEMA@10: The Story So Far

The National Emergency Management Agency (NEMA) was established via Act 12 as amended by Act 50 of 1999, to manage disasters in Nigeria. The establishment of NEMA about ten years ago usher in a new dawn in disaster management from the hitherto narrow practice of relief distribution... read

 

Questions and Answers on the Examinations of the 14 Banks by CBN

If the bulk of the problem had been dealt with in the first examination of 10 banks, why bother to extend it to the other 14 banks?What are the key actions taken by the CBN on the recent findings?.. Read

 

FEATURES: The Following features can be accessed from the Homepage www.economicconfidential.com

  • Golden Casket: Between Gani Fawehinmi and Wacko Jacko
  • Re:Golden Casket: Between Gani & Jackson By Ugwuoha C.
  • Bank Executives And Bad Leadership By Salisu Ahmed Koki
  • The Putrid Mess Also in CBN! By Les Leba
  • NIGERIA@49: Tracing Economic Interventions By Abu Jimoh
  • NASENI: Striving to end reliance on foreign goods U. Kari
  • Macroeconomy for Economic Recovery Salim Ahmed
  • Sony Undermines Campaigns of Akunyili and Aoandoka
  • Archetypal Resurgence: The Lamido Sanusi Revolution
  • Banks and Money Laundering- By Les Leba
  • Oronsaye's Civil Service reform- By Hussaini Sani Kagara
  • New Policy in Service: Hypocrisy? By Tope Ajakaiye

 

MEDIA NEWS UPDATES: The Following Updates from other Sources can be accessed from the Homepage: www.economicconfidential.com

  • Governance Index- Nigeria Improves Rank
  • Senate moves to avert Kerosene crisis
  • 2010 budget pegged at $50
  • Tompolo to guard oil pipelines
  • Asari-Dokubo's groups allege plan to kill their members
  • FG, states close to pact on funds deductions
  • FG stops importation of bagged cement
  • Boost- Kano irrigates 20,000 hectares
  • FG seeks investors for 8 troubled banks
  • Deregulation- Fuel may go for N103 per litre
  • Fraudsters ad- Sony apologizes to Nigeria
  • CBN to submit 14 banks audit  in two weeks
  • Oil firms may sack workers over bill

    All from:
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