random africa news oil terror banks corporations

[besides]

dont get too much info on things the continent, outwith the wars [rock concerts/charity donations/demos],
famines [rock concerts/charity donations/demos], human rights [rock concerts/charity donations/demos]


thought id do an experiment here and put a few stories, with perhaps some ickeian nwo reference.

feel free to add stories/links/comment etc

thankyou
besides

[besides]

after a prelim search this bill, in one form or another seems to have been in pipeline since early 2008. as i said ... prelim ... prob much earlier than that.
think the vote is coming up soon.

article:

"... The House of Representatives [nigerian] is expected to begin reviewing a committee-approved Petroleum Industry Bill that aims to rewrite Nigeria's decades-oil relationship with Royal Dutch Shell, Exxon Mobil and other oil companies. ..."

" ... Under the version submitted to parliament by the presidency, the government would be allowed to renegotiate old contracts, impose higher costs on oil companies and retake acreage that firms have yet to explore.

But foreign oil companies operating in Nigeria have warned the plans contained in the bill could threaten billions of dollars of investment if they go ahead in their current form.


The main areas of dispute between the government and oil firms include higher royalty payments, industry-wide taxes on profits and revenue sharing. ..."


http://af.reuters.com/article/topNews/idAFJOE6070GZ20100108

thankyou
besides

[besides]

detecting darkmatter : auditing hidden economy


The Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, has said that no new credit will be given out to individuals without a national identity card among other items. He said the identity card and several other measures being put in place to properly identify bank customers would check the lapses of the past.

...

“Since consolidation in 2005, the CBN did not conduct a single routine examination on the 14 banks. Things were not acted upon on time,” he said.
The CBN governor, who was part of the team that conceived the CRC idea a few years ago, said credit bureaus facilitated access to finance and also allowed for good credit portfolio analysis. He, however, added that one of the key challenges had been the absence of good customer identifier.


...


He said by the year 2012, all the banks in the country would have complied with the International Financial Reporting Standard, adding that the relevant bodies were fast tracking the Asset Management Company to take over the toxic assets of the banks.

...

“It was observed that information sharing between lenders would assist in tackling some of the challenges facing the lending industry. Even though series of problems were noted that could mitigate against a virile credit reporting industry and we took the initiative to invite Accenture to conduct a feasibility study and a business plan for a credit bureau in Nigeria.”

...

ref:

http://www.punchng.com/Articl.aspx?theartic=Art201001080532385

[besides]

GLAZIER FINANCING? : FIAT BANKING?


article:

U.S. Exim Bank Loans $1 Billion to Nigeria for Banks, Punch Says

By Vincent Nwanma Jan. 8 (Bloomberg) -- The Export-Import Bank of the United States, a government agency that provides credit services, has approved a $1 billion facility to support loan guarantees covering 14 Nigerian banks, Punch newspaper reported.
The bank approved a one-year renewal of the loan based on reforms undertaken by the Central Bank of Nigeria to strengthen the Nigerian financial system, including the regulator’s commitment that no bank would be allowed to fail, ...


ref:
http://www.bloomberg.com/apps/news?pid=20601116&sid=aNZI4Hybb.8c



forgive the title, only joking , and dont understand this international banking/business thing much at all, but ...

if the dollar is fiat ... and the assets influenced by it [free money free lunch] then is it the case that some aspect of resource, in this case financial/financial services, is being sequestered abroad, resulting in national debt.

yozhik et al... help please. esp wrt internationalisation of global reserve currency and inflation. double accounting when debt is used as leverage etc. perhaps something that examines reflexivities in the direction the transaction is viewed from ie from the u.s. pt of view and from the nigerian point of view that is dollar in relation to nira etc

also notice the loan extension related to financial "reform" barrel ... see previous post accenture, 14 banks, datacards etc

again also notice this phrase "no bank will be allowed to fail" - is that a long term policy commitment/ financial emergency protocol [erm?] barrel in order to get the loan extended

thankyou
besides