FAAC Shares N725.571bn March Revenue To FG, States, LGCs
The Federation Account Allocation Committee (FAAC) has distributed to the Federal, State and Local governments a total of N725.571 billion for March 2022.
It was presented in a communiqué issued at the...
Credit To Govt Rises By 22.5% To N16.3trn In Q1, 2022
In apparent reflection of increased borrowing activities of the federal and state governments, credit to the government rose by N3 trillion or 22.5 per cent, quarter-on-quarter (QoQ) to N16.3...
Ten Banks Earned N1.57trn Interest Income In 2021
Ten Deposit Money Banks in Nigeria earned a total of N1.57tn in net interest income last year, up from N1.49tn as of December 31, 2020.
They are Union Bank Plc, Stanbic IBTC, Fidelity...
AfDB Approves $1.5bn To Mitigate Food Crisis In Africa
The Russia/Ukraine conflict is projected to trigger a global food crisis, hence the Africa Development Bank’s (AfDB) decision to shore up Africa’s food security with a $1.5 billion Africa Emergency Food...
Economic Crisis Worsens As Forex Inflows Drop By $9.58bn
Foreign exchange inflows into the economy declined in the fourth quarter of 2021, owing to lower receipts from the Central Bank of Nigeria and autonomous sources.
This is an indication of a...
Clearing Agents Kick As Customs Re-introduces e-valuation
Clearing agents operating in the nation’s maritime sector have kicked against the planned re-introduction of e-valuation of imported vehicles by the Nigeria Customs Service next week.
At the launch of the Vehicles Identification Number...
