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.
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.
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.
Again, Naira appreciates against dollar at official market
The Naira on Tuesday appreciated at the official market, trading at N1,630.45 to the dollar.
Data from the official trading platform of the FMDQ showed that this represents a 2.40 per cent gain when compared to the previous...
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.
