Ogeah said the committee observed that the IGR of the state rose from
N12.2 billion in 2007 to N37.4 billion in 2011, while in 2012 it
increased to N45.5 billion
Browsing: Economy
“It is disheartening that Nigeria currently records an estimated shortfall of $69 million daily due to oil theft, bunkering, illegal refineries and rising insecurity
The report noted that most of the FDIs into Africa mainly driven by the extractive industry, but said there was an increase in investments in consumer-oriented manufacturing and services
Louis Luballa, the Managing Director of Airtel DRC said: “In May 2013, about 66,000 civil servants in DRC received their salaries via Airtel Money, a demonstration of how technology can make things easy.
“With Airtel Money, Airtel DRC is paving the way to a new era of financial transactions at the tap of a mobile phone, helping to save time going to the banking halls
The Chairman, Governing Board of the University Teaching Teaching Hospital (UITH), Mrs Jumoke Anifowoshe, called for mutual trust, honesty and cooperation among the staff of the hospital
The legislator said that low literacy level and the absence of constant power supply would discourage Nigerians from embracing the policy
Speaking at an audience with Venezuela’s outgoing Ambassador to Nigeria, Mr. Enrique Fernando Arundell, President Jonathan declared that Nigeria remains fully committed to developing the Africa-South America Summit into a more productive platform for the expansion of areas of cooperation between the two continents
A breakdown of the May 2013 federal allocation shows that the Federal Government got N235, 778 billion (52.68%); the State Governments got N119, 590 billion (26.72%) and the Local Government Councils got N92.199 billion (20.60%)
Cadbury trailed with N5 to close at N55 per share, while Okomu Oil grew by N3.25 to close at N43.25 per share
A communiqué issued by the Technical Sub-Committee of the Federal Account Allocation Committee shows that the distributable statutory revenue for the month of April 2013 was N531.332 billion
Further wireline log evaluation is currently underway prior to extending the well to target deeper prospectivity above basement, to a total measured depth of 11,800ft
Similarly, market capitalisation depreciated by N226 billion to close at 11.29 trillion against N11.52 trillion archived on Monday
“The inviolable truth is that the Nigerian economy, like the economy of other Nations has its challenges which the Jonathan administration has courageously and innovatively been tackling with measurable, obvious and clearly tangible positive results in the last two years
In an opinion he wrote and distributed to some media outlets on Tuesday, a retired banker and now a fish farmer and importer in Niger State, Malam Zakari A. Usman, praised as “noble” the objective of government aimed at “saving foreign exchange and promoting local farming,” but warned that “an outright ban will have profound consequences for the people, who will be abruptly denied their sole source of protein
“Most of the deliberation meeting of the International Investors Council that has just concluded last week and the report from the index say from agriculture and all indicators are moving positively towards our target of 2020
“Though the Federal Government quickly denied the economy was in danger, it is now clear that it (government) was being economical with the truth. The clearest indication yet of this choreographed deceit are the contradictory statements credited to the Minister of Finance Ngozi Okonjo-Iweala in recent times
He added: “NAMB is soliciting for more funds aimed at providing
stability through bridging for MFBs short-term debt, refinancing and
venture partnership to MFBs and institutions with potentials
He said there were lots of funding packages initiated by the bank to
encourage agriculture, saying the low budgetary allocation for
agriculture was not good enough
Mr Livingstone Wechie, the Publicity Secretary of the organisation, said this in an interview with the News Agency of Nigeria (NAN) on Friday in Port Harcourt
Fayemi, whose administration’s free health programme has benefitted no fewer than 720,000 citizens, said the six newly purchased ambulances, which will complement the ones earlier purchased, are different from the typical ambulances as they are basically intensive care unit vehicles where minor surgeries can be carried out before a patient is transported to the nearest health facility