FAAC: 2.59trn allocation was shared among states in the first half of 2024 (See what your state Got)
How N2.59trn FAAC allocation was shared among states in the first half of 2024 1. Delta: N260.75bn 2. Rivers:...
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Beyond Commerce, Setting a New Template for Intergenerational Prosperity
Being the Text of a Speech Delivered by Governor Alex C. Otti, OFR, at the Official Flag Off...
Federal Government suspends import duties, taxes on essential food items to address food inflation
Comptroller-General of Customs, Adewale Adeniyi The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi has announced the suspension...
Central Bank of Nigeria Raises Benchmark Interest Rate to 26.75%
Abuja, Nigeria The Central Bank of Nigeria (CBN) has raised its benchmark interest rate by 50 basis points, bringing...
How states shared N2.16trn FAAC revenue in the first five months of 2024 (State by State)
Here’s how states shared N2.16trn FAAC revenue in the first five months of 2024 1. Delta: N216.97bn 2. Rivers:...
Naira Appreciates as External Reserves Hit 13-Month High
The naira reclaimed part of losses sustained over the weeks as fx liquidity pressures reduced on Friday. The...
IGR: Niger State Achieves Record Revenue of N3.5 Billion in May – Gov Bago
Governor Mohammed Bago of Niger State has announced a significant milestone in the state’s internally-generated revenue (IGR), with...
Just In: CBN issues fresh guidelines for foreign currency deposit
The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit...
CBN confirms $2.9b deposit in special account to stabilise forex market
A Special account with $2.9 billion deposit has been created by the Central Bank of Nigeria (CBN) to...
Breaking News: World Bank approves Nigeria’s $2.25 billion loan request
The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy...