Uproar as Senate debates 2018 budget proposal

Debate on the general principles of the 2018 budget proposal began on a heated note at the Senate yesterday, with some members describing the fiscal document as “unrealistic, ” “fictional” and “imaginary.”Many senators who contributed to the debate across party lines declared that the N11 trillion collectible revenue proposed could not be met and called for increase in oil price benchmark from $45 to $50 per barrel. Full story

Source: http://guardian.ng/news/uproar-as-senate-debates-2018-budget-proposal/?utm_source=Guardian+Newsletter&utm_campaign=ee709ac9f5-Newsletter&utm_medium=email&utm_term=0_b799d7d8ad-ee709ac9f5-99238021

Posted by Hussaini Ali November 29, 2017

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Budget 2018 – N2.43tn Capital Project Vote Signals Better Times for Insurers

Insurance Managers have expressed optimism that the 2018 budget recently presented to the National Assembly by President Muhammadu Buhari holds a lot of potential for them. Full story

Source: http://www.allafrica.com

Posted by Amaka, 22 November 2017

Government spends N8.4b yearly to feed 51,614 pre-trial inmates

The Federal Government spends an average of N8.4 billion yearly to feed awaiting trial inmates and persons in juvenile institutions. The figure excludes 23,217 inmates already convicted and serving various prison terms and 2,251 condemned inmates among whom are 47 females. Full story

Source: http://www.guardian.ng

Posted by Amaka, 22 November 2017

EFCC operatives invade ex-DSS DG’s house

Some operatives of the Economic and Financial Crimes Commission ( EFCC ) have invaded the residence of a former Director-General of the Department of State Security Service (DSS), Mr. Ita Ekpenyong to arrest him. Full story

Source: http://www.thenationonlineng.net

Posted by Amaka, 22 November 2017

Group wants international law to be compulsory for students

The Nigeria Society of International Law (NSIL), has suggested that international law should be made a compulsory course in LLB degree programme in the Universities. Full story

Source: http://guardian.ng/features/group-wants-international-law-to-be-compulsory-for-students/

Posted by Hussaini Ali November 21, 2017

Information sharing under Credit Reporting Act 2017

Credit is the lifeblood of business and difficulty in accessing credit has been the bane of many businesses in Nigeria. One of the primary reasons for the unwillingness of financial institutions to extend credit to businesses is lack of reliable credit information of the businesses. Ironically, this has also been the reason for some bad lending decisions resulting to non-performing loans. An efficient credit reporting system is therefore essential to the functioning of a strong financial system. Full story

Source: http://guardian.ng/features/information-sharing-under-credit-reporting-act-2017/

Posted by Hussaini Ali November21,  2017

Lagos Chief judge tasks lawyers on ADR

The Chief Judge of Lagos State, Justice Opeyemi Oke, has charged lawyers to imbibe Alternative Dispute Resolution (ADR) mechanism as part and parcel of their practice. Full story

Source: http://guardian.ng/features/lagos-chief-judge-tasks-lawyers-on-adr/

Posted by Hussaini Ali November 21, 2017