Richard Akinwumi

Posts by Richard Akinwumi:

Without the illegal allowances, these are what your Senators, Reps earn

Going by the remuneration approved for them by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), the annual take-home (excluding estacode, Duty Tour Allowance (DTA) and some sundry allowances which they are paid as necessary), of each of the 360 members of the House of Representatives is estimated at N18.26…

What N180million being spent on upgrading Deputy Governor’s mansion can do for Kano

The Kano state Government on Thursday announced that it would be shelling out N180million to renovate the official residence of Deputy Governor Hafiz Abubakar. The state government said the renovation became necessary to raise the property to a level befitting of Mr. Abubakar’s “status”. The planned expenditure triggered widespread condemnation…

nigeria corruption protest

What “missing” N11.56trillion excess crude fund can do for Nigeria

If one third of the Nigerian population were to queue up for a bonus pay cheque, no fewer than 53 million citizens will smile home with N18,000 every month for a full year from the unaccounted N11.56 trillion Excess Crude Accounts now subject of national accountability scandal. PREMIUM TIMES exclusive…

What you need to know about Windows 10

Finally, the anticipated Windows 10 which Microsoft has advertised on Windows 7 and 8.1 for several months will be released July 29, 2015. Windows 10 will be a free upgrade, assuming your computer runs Windows 7 Service Pack 1 or Windows 8.1. And as long as you upgrade to Windows 10 within…

INVESTIGATION: At least ₦11.56 trillion Excess Crude Fund unaccounted for in 8 years

At least N11.55 trillion or $84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to findings by PREMIUM TIMES based on data from multiple government agencies not made public, in violation of the laws…

INVESTIGATION: Men, Woman facing criminal allegations, who will make laws for Nigeria

Nigeria’s eighth National Assembly was inaugurated on Tuesday, June 9. At the chambers of the Senate and the House of Representatives, 109 Senators and 360 Representatives were sworn in to office for a four-year term. Section 66(1a-i) the 1999 Constitution bars certain categories of Nigerians from being members of the…

SHOCKING: 2015 Budget: National Assembly’s N150billion enough to fund capital votes for 20 Federal MDAs

The whopping N150 billion allocated to the National Assembly in the 2015 Appropriation Act, can fund capital votes for 20 Ministries, Departments and Parastatals [MDAs], a PREMIUM TIMES analysis of the budget has shown. The budget of the 469-member National Assembly consisting of 109 senators, 360 members of the House…

REPORT CARD: Nigerian Senators, Reps cornered N600bn in 4 years but passed only 106 bills

Nigerian lawmakers managed to approve only 106 new laws out of 1,063 brought before them in the last four years, despite spending more than half a trillion naira within the period, earning the notorious title as the world’s highest paid legislators. The figures mean for the National Assembly, with a…

Top 10 Corruption Scandals Nigeria’s National Assembly Hasn’t Resolved

The seventh National Assembly will most likely end its tenure in early June without resolving majority of the huge misgovernance and corruption issues that characterised the outgoing administration. Under the present dispensation, the oversight power of the legislature was not judiciously exercised to guarantee Nigerians the dividends for electing their…

CBN Economic report July 2014

CBN Economic report May 2014

INFOGRAPHIC: CBN Economic report for May 2014

Jonathan names Nigeria’s national flag designer, Akinkunmi, special aide for life

It was a double honour for Michael Akinkunmi, the designer of the Nigerian flag, as President Goodluck Jonathan on Monday conferred on him the Officer of the Order of the Federal Republic, OFR, and appointed him his special assistant for life. Mr. Akinkumi, 78, a retired civil servant, was among…

Nigeria’s oil revenue rises by 4.3% in second quarter 2014

Total federally collected revenue for the second quarter of 2014 stood at N2.602 trillion, representing an increase of 4.3 per cent above the N2.496trillion received in the first quarter of the year. The figure however showed a decline of 4.3 per cent below the proportionate quarterly budgeted estimate. At N1.796…

Twitter

Twitter opens analytics dashboard to all users

Back in July, Twitter released a new analytics dashboard for advertisers, Twitter card publishers, and verified users. A bit like Google analytics for tweets, it allows you to gauge the performance of each and every tweet you send; how many people saw it, and how many of those actually clicked…

Ebola: American doctor treated with Zmapp recovers, discharged from hospital

Two American aid workers, Nancy Writebol and Kent Brantly, who contracted the Ebola Virus Disease, while helping victims in Liberia, have been released from the Atlanta, USA hospital where they were treated with experimental drug, Zmapp. "Today is a miraculous day. I am thrilled to be alive, to be well…

Ebola patients receiving treatment

All you need to know about Ebola and how to avoid it, in one place

Sony posts first quarter profit

The hardware giant had to sell off asset to stem the tide of losses last year Sony posted a first quarter net profit of $261 million, which is a sliver of good news for the hardware giant who had to sell off asset to stem the tide of losses last…

Nigeria realises N2.432 trillion oil revenue between January, April

N622.9 billion was made from gross oil revenue receipts for April alone. The latest monthly Economic Report by the Central Bank of Nigeria, CBN, showed that about N622.9 billion was made from gross oil revenue receipts for April alone. The figure was lower than about N689.1 billion realised in March…

CBN Economic report 1st quarter 2014

[caption id="attachment_162616" align="alignleft" width="540"] CBN Economic Report For 1st Quarter 2014[/caption]

CBN Economic report April 2014

[caption id="attachment_162603" align="alignleft" width="540"] Infographic: CBN Economic Report – April 2014[/caption]

CBN Economic report March 2014

[caption id="attachment_162602" align="alignleft" width="540"] Infographic: CBN Report on Oil Revenue – March 2014[/caption]

CBN Economic report February 2014

[caption id="attachment_160025" align="alignleft" width="520"] Infographic: CBN Report on Oil Revenue - February 2014[/caption]

CBN Economic report for January 2014

Facebook to build drones, satellites to beam internet around the world

Facebook's flying-internet efforts mirror a similar project that's underway at Google. The Facebook founder, Mark Zuckerberg, is putting together a lab where a team of Facebook engineers will build flying drones, satellites, and infrared lasers capable of beaming internet connections to people. Mr. Zuckerberg on Thursday revealed the project to…

FAAC REPORT – Revenue allocation to states and LGA for December 2013, shared in January 2014

The three tiers of government in the country [Federal, State, and Local Councils] enjoyed an expanded take-home income from the Federal Account Allocation Committee [FAAC] in the month on December. The FAAC says it shared N581.498 billion between the Federal, States and Local governments. The amount for December is less…