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Archive of NigerianMuse Documents
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The Global Financial Meltdown: Impact On Nigeria's Capital Market And Foreign Reserves (by Bolaji Aluko) October 24, 2008 | 16 Comments On Tuesday, October 9, 2007, the Dow Jones Industrial Average (DJIA), a major United States stock market index, attained its highest value ever at 14,164.53. Since opening at 40.94 on May 26, 1896, the DJIA has increased steadily, despite several periods of decline. Nigeria's Revenue Allocations - CBN Now Pays States In Dollars January 17, 2008 | 5 Comments With effect from this month, the Central Bank of Nigeria (CBN) will begin payments from the federation account to states in US dollars. The dollar payment, which is one of the four pillars of the CBN`s "Strategic Agenda for the Naira" originally billed to be implemented last September, is geared towards strengthening the nation`s currency, the naira, and managing liquidity in the economy. Ibrahim Lamorde (new Acting EFCC Chairman) In His Own Words (2006) - With Section On "EFCC Operations" January 16, 2008 | 5 Comments The initial difficulty that we encountered when we started was the fact that we were a new organization and people did not know us. People were only used to the existing law enforcement agencies and there were instances when people even resisted arrest saying they didn’t know what EFCC was all about. That created some initial problems. However, the Executive Chairman got the police authorities to write letters to all police formations throughout the country, informing them of the existence... Infrastructure Concession In Nigeria As Panacea By Uche Ohia September 5, 2008 | 4 Comments Infrastructure concession allows participation of the private sector in financing the construction, development, operation and maintenance of public infrastructure, development project or network for a stated period. Avarice, Fraud, And Corruption July 4, 2008 | 3 Comments AFC is a good idea, whose execution has been flawed by a corrupt and fraudulent CEO. Debt Forum:
Another Round Of Foreign Loans? October 5, 2007 | 3 Comments An indication that the Federal Government may soon embark on another binge of foreign borrowings deserves thorough scrutiny. The fresh foreign loans, according to the Finance Minister, Dr. Usman Shamsudeen, are required to help in rapid upgrading of the nation’s infrastructure. New power plants, roads and railway projects are to be implemented with the loans. National Energy Council (NEC): Oil And Gas And Power Reform Committees – A Return To The Drawing Board? September 9, 2007 | 3 Comments From The Archives - Consolidation In The Nigerian Banking Sector: Brand Scenarios & Implications March 28, 2009 | 2 Comments In July 2004, the new Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo announced that the new minimum capitalisation for banks in Nigeria is N25billion (approximately $181m). All banks are expected to comply with this directive by December 2005. This announcement struck the banking sector like a storm on a dark night. And it has left in its wake a heated debate on its appropriateness in relation to Nigerian banks and the current state of the economy. It is undeniable... FG Inaugurates New Economic Management Team Today February 1, 2009 | 2 Comments The Federal Government will today inaugurate the new Economic Management Team, which was recently reconstituted by President Umaru Yar’Adua. Our correspondent gathered that the immediately after the inauguration, the team, chaired by the Minister of Finance, Dr. Mansur Muhtar, would have its first meeting in Abuja.
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