Tag: Etim Etim
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Why are banks against windfall tax? – By Etim Etim
On Wednesday, July 31, two senior bankers, Tony Elumelu, Chairman of UBA Group and Ladi Balogun, Group Chief Executive of FCMB Holdings, walked into President Tinubu’s office to talk to him about the proposed 70 per cent windfall tax be imposed on banks’ super profits by the government.
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Private jet, windfall tax and new capital base for banks – By Etim Etim
The banking industry is always in the news for many reasons, but the last one week has offered enough to fill newspaper pages. While the government wants the banks to pay tax on the excess profits they made last year, a bank chairman openly upbraided some institutions for buying private jets for their executives.
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Rice palliatives: Does it really help the poor? – By Etim Etim
The big news of the week is that the federal government is distributing 24,000 bags of rice to each state of the federation in a desperate move to stave off mass protests nationwide planned to begin on next Thursday. On receiving its share, Akwa Ibom State government announced that it would add another 24,000 bags…
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A Sunday with Aliko Dangote – By Etim Etim
I was one of the 102 senior journalists invited from all over the country to tour the Dangote Fertilizer and Petrochemical Refinery Complex last Sunday and it turned out to be an unbelievably humbling and revealing experience. Unmistakably visible to us was the power of vision, determination to succeed in the face of many hurdles…
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Mr. Budget bows out – By Etim Etim
President Muhammadu Buhari was less than a year in office when he realized that his officials would not be able to produce the budget for FY 2017 on time. His Budget and National Planning Minister, Senator Udoma Udo Udoma, was frantically seeking help, not only to produce the federal proposal, but also to reform and…
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140 days in kidnappers’ captivity – By Etim Etim
In the evening of August 17, 2023, twelve Akwa Ibom persons were abducted along Sokoto-Zamfara expressway as they travelled to Sokoto.
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Why we should protect the independence of CBN – By Etim Etim
The Senate is currently undertaking a comprehensive amendment of the Central Bank Act of 2007, but the exercise is generating mixed reactions in the banking industry. Operators are worried that some of the new clauses being proposed by the lawmakers are capable of eroding the autonomy and independence of the apex bank and therefore weakening…
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Wike vs Fubara: A prophecy foretold – By Etim Etim
In December, I wrote an article titled ‘’Wike, Fubara and the 48 Laws of Power’’ in which I predicted that Gov. Sim Fubara will emerge victorious in the war of attrition between him and his predecessor, Nyesom Wike. The intervention was prompted by President Bola Tinubu’s efforts to facilitate a truce between the two and…
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NDDC’s N84 billion projects – By Etim Etim
There is calm these days at the corporate headquarters of NDDC, the 24-year-old interventionist agency established by the Federal Government to fix developmental gaps in the Niger Delta region.
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Another helicopter crash, another dignitary perishes – By Etim Etim
I am writing with a heavy heart. A helicopter carrying the President of Iran, Ebrahim Raisi, Foreign Minister, Hossein Amirabdollahian and several others, crashed in a heavy fog yesterday, Sunday, May 19, in the northwestern part of the country.