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All posts by David Abellegah

  • Stock Market Forbearance: FG Makes N22.6 billion Available

    The Federal Government has bailed out 84 stock brokerage firms with N22.6 billion to restore confidence in the stock market. In attempt to justify the move, Minister of Finance, Mrs. Ngozi Okonjo-Iweala, said at a press briefing...

    • Posted December 4, 2012
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  • Pro-Corruption Government?: FG Slashes N11.7 billion from EFCC’s 2013 Budget

      The Economic and Financial Crimes Commission (EFCC) might not be very effective in 2013 because the Federal Government has reduced its budget for 2013 by over N11.7 billion. This development was disclosed by the chairman of...

    • Posted December 4, 2012
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  • Vision 20: 2020 May Likely Fail – NESG

    Nigeria is seriously lagging behind its plan to become one of the world’s top 20 economies by 2020, and unless the pace of economic growth is seriously accelerated to cover a huge gap of about $730 billion,...

    • Posted December 4, 2012
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  • Subsidy: 50 Oil Firms Collected N232 billion Illegally- Okonjo-Iweala

    Minister of Finance, Mrs. Ngozi Okonjo-Iweala said Fifty oil marketers illegally collected N232 billion from the Federal Government as fuel subsidy. Mrs. Ngozi Okonjo-Iweala who doubles as the Co-ordinating Minister for the Economy said the government has...

    • Posted December 4, 2012
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  • Advertising Industry Is Dying Because Of Multiple Taxation — OAAN

    The Outdoor Advertising Association of Nigeria has attributed the declining affluence of the business in the country to multiple taxations. National President of the association, Mr. Charles Chijide, who stated this on Friday, also called on governments...

    • Posted December 3, 2012
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  • Fraud Watch: London Metropolitan Police to Provide Evidence against Babalakin

    The London Metropolitan Police is expected to tender evidence against the Chairman, Bi-Courtney Highway Services, Dr. Wale Babalakin, in court when his trial begins proper. A leading legal practitioner who spoke in confidence said the Met police...

    • Posted December 3, 2012
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  • Debt Management: Civil Servants Rise against Government’s Borrowing Routine

    The Association of Senior Civil Servants of Nigeria (ASCSN) has challenged the National Assembly to stop the Federal Government from borrowing to execute projects in the country. ASCSN’s President Comrade Bobboi Bala Kaigama made this declaration at...

    • Posted December 3, 2012
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  • Micro, Small and Medium Businesses to Receive a Boost of N220 billion – CBN

    The CBN has set aside N220 billion for Micro, Small, and Medium Enterprises (MSMEs) and the money is to be released by the first quarter of 2013. A CBN official who spoke in confidence said the money...

    • Posted December 3, 2012
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  • EFCC Debunks Rumours over Babalakin’s Trial

    The Economic and Financial Crimes Commission (EFCC) yesterday came out to clarify misconceptions that the court stopped EFCC from prosecuting the Chairman of Bi-Courtney, Dr. Olawale Babalakin. EFCC’s head of Media and Publicity, Mr. Wilson Uwujaren made...

    • Posted December 2, 2012
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  • Is Nigeria Broke? House Questions Finance Minister on Poor Funding

      The Finance Minister Mrs. Ngozi Okonjo Iweala is to clarify why ministries and agencies are not adequately funded following revelations by the Petroleum Resources Minister Mrs Diezani Alison-Madueke. When Madueke appeared before the joint committee of...

    • Posted November 30, 2012
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