S.J News• [March 20, 2013]

S.J News• [March 20, 2013]• http://sjnewss.blogspot.com/ Interest Rate: CBN's Monetary Policy Committee retains 12% Monetary Policy Rate (MPR), 12% Cash Reserve Requirement (CRR) & 30% Liquidity Ratio. ₦4.9tn Budget: President Jonathan forwards 2013 Appropriation Act Amendment Proposal to National Assembly for consideration & approval. Crude Oil: Production to be increased from 1.9million barrels per day (bpd) to 3.5 million bpd; $10bn gas-based investment projected by 2014 -Andrew Yakubu (GMD,NNPC). National Council on Privatisation: FG voids sale of Aluminium Smelting Company of Nigeria (ALSCON), Ikot-Abasi, Akwa Ibom state to BFIG Corporation of America. EEG Scheme: FG commences comprehensive review of Export Expansion Grant (EEG) programme; To be released in 2013 -Nigerian Export Promotion Council (NEPC). INEC: Electoral body proposes fee increment for registration of political parties from ₦100,000 to ₦1m as means to weed out parties. Subsidy: Deregulation of downstream sector of Petroleum industry unconstitutional, illegal, null & void -Federal High Court, Abuja. Defence Headquarters' Spokesman: Brig-Gen Chris Olukolade to replace Col Mohammed Yerima as Director of Defence Information (DDI).