Our Target:

Since its inception in January 2007, the Economic Confidential has constantly beamed its searchlight on the economic and financial sector, focusing on the various kaleidoscope and indicators that measure the pulse of the economy and bringing these to our readers.

We undertake and employ the best tradition of journalism: objectivity, accuracy and fairness. Our editorials and reports remain Factual, Authoritative and Accessible.

 

You can also assume that you have commissioned us to launch inquiries into every economic issue and make the findings available to you in our online and print editions of the publication.

We invite you to stay with us.

Nigeria Economic Regulators:

Federal Ministry of Finance (FMF)

Central Bank of Nigeria (CBN)

Federal Inland revenue Service (FIRS)

Debt Management Office (DMO)

National pencom Commission (PENCON)

Nigeria Deposit Insurance Corporation (NDIC)

Nigeria National petroleum Corporation(NNPC)

Securities and Exchange Commission(SEC)

Bureau of Public Enterprise (BPE)

Nigeria Extractive Industries Transparency Initiative (NEITI)

To subscribe to our News Alert Mailing List, Click on: http://groups.yahoo.com/group/economicng

       

 

 
 
 

*Home

 

*Mission

 

Editorial Suite

Odds against downstream deregulation - By Chijama Ogbu

 

Profile

Bar. Bello Mahmud: The New Registrar General for CAC

 

Cover

No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

Facts and figures

Federation Account: How They Share N332bn in October

 

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

 

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

 

List of Major Debtors in Nigeria

 

Exclusive Interview

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

 

Monetary

CBN Supports Deregulation, Allows ETB to Rectify Lapses

 

Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

National News

SMEDAN Advises Small Businesses on Good Idea

 

Odey Inaugurates Panel on IWMF in Niger Delta

 

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

Honours for EFCC Boss in USA

 

State News

Kano Spends N1bn on Sports Development as Governor bagged ‘Sardauna’

 

IDB advances N3.15bn loan to KDSG as Governor Approves N18mn for Training 

 

 

ARCHIVES

Personalities/Interviews

Editorial Suite/Cover

Facts and Figures

National& States News

Mult/Business & Monetary

Features/Essays

Special Focus

January 2009 Edition

February 2009 Edition

March 2009 Edition

April 2009 Edition

May 2009 Edition

June 2009 Edition

July 2009 Edition

August 2009 Edition

September 2009 Edition

October 2009 Edition

November 2009 Edition

 

More in Archive

 
 

Economic Confidential, March, 2009

NEWS UPDATE

 

 

Stakeholders on Emergency Participate in Air Crash Simulation

 

As part of its mandates towards monitoring the state of preparedness of all organizations which may contribute to disaster management in Nigeria, the National Emergency Management Agency NEMA, staged a Simulation (mock) exercise on Air crash within the Abuja Airport Environment which witnessed the participation of all relevant agencies.

 

The Director General of NEMA, AVM Mohammed Audu-Bida (Rtd) said the purpose of the simulation exercise is to test the capabilities of the first response agencies in the event of an air crash within the airport vicinity where both national and international passengers are involved.

 

Audu-bida while observing a few shortcoming in response capability he described the exercise as very successful especially in medical response, equipment holding, media and information management.

 

While commending the participating agencies for working towards the same goals of safety of lives and properties, he promised that the next simulation would not be announced to monitor their level of preparedness. He said “we should not wait for another accident before we work out strategies to avoid recurrence. We will ensure continuation of this exercise”

 

The officer-in-charge of Airport Inspection and Safety, AVM Ahmed Muazu while assessing the response capability exhibited by the agencies during the exercise, said though the men and women gave a good account of themselves but there is astill a lot to be learned. “The timing of the response ws a bit slow and cordoning off the accident area was not properly done. We had a large crowd around the area and I think the coordination needs to be improved upon.”

 

The mock exercise which involved rescue of passengers from an aircraft had the participation of all the agencies responsible for emergency situations in Nigeria. Some of the Agencies include Nigeria Airspace Management Agency, Nigeria Police Force, Nigeria Immigration Service, Nigerian Customs Service’ Federal Road Safety Commission, Nigerian Army, Nigerian Airforce, National Security and Civil Defence Corps, National Hospital, Nigerian Red Cross Society, Federal Ministry of Aviation, Accident Investigation Bureau and Journalists covering disaster under the auspices of Journalists Against Disaster.

 

The stimulation exercise which involved mock smoke from an airplane, witnessed mobilization of Fire Fighters, Health Workers, Security personnel  and emergency agencies coming to rescue and evacuate the passengers within few minutes.

 

Some of the observers at the occasion included Air Officer Operation NAF HQ, Commissioner of Police Fct Command, ACG Border Patrol Nigeria Immigration Services, ACG Training Nigeria Customs Services, members of the National Assembly and the media.

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

 

NEMA@10: The Story So Far

 

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

 

FEATURES

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

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

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax