Rahma Oladosu

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BudgIT: 32 States Received 55% Of Revenue From FAAC

According to a new report by BudgIT, a civic-tech organisation, 32 out of Nigeria’s 36 states have relied on allocations from the Federation Account Allocation Committee (FAAC) for at least 55% of their total revenue in 2023. 

Local Sugar Production: Take Advantage of Africa’s $7bn Export Market – NSDC Boss Urges Investors

The Executive Secretary/CEO of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has told potential local and foreign investors that this is the best time to put their money in the local production of sugar in Nigeria. 

CBN, AGF Barred from Releasing Rivers States’ Monthly Allocation

A Federal High Court in Abuja has issued an order restraining the Central Bank of Nigeria (CBN) and the Accountant General of the Federation (AGF) from releasing monthly financial allocations to the Rivers State government. 

MAN: Zero VAT Delay Has Reduced Manufacturers’ Revenue By 8%

Pharmaceutical manufacturers have experienced losses of up to eight percent as a result of the Federal Government’s delay in implementing its zero-Value Added Tax policy designed to ease the cost of pharmaceutical raw material imports. 

World Bank: Investments In Africa Have Hit $38bn

The World Bank Group has just disclosed that its investments in Africa have hit $38 billion in 2024, contributing to a global commitment of $117.5bn. 

Oshomah: Lack of Satellite Connectivity Puts Nigeria’s 2025 Broadband Goals At Risk

According to an expert, Nigeria's 2025 broadband target is at risk unless it adopts satellite connectivity due to the prohibitive cost of installing fibre optic infrastructure in remote, underserved areas.
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Economic Confidential is a magazine published and produced by Image Merchant Promotion (IMPR) Limited, an Abuja-based Public Relations (PR) outfit with specialty in Media Relations, Crisis Communication, Social Media, Publishing, and Integrated Marketing Communication.

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