Nigeria’s Fiscal Deficit Drops 29% Nigeria’s budget deficit has reduced by 29 percent from 2023 as the federal government eyes banks’ realised foreign exchange gains. Data from the latest quarterly statistical bulletin of the Central Bank of Nigeria (CBN) shows that the country’s fiscal deficit fell...

States Receive N39.6bn Ecological Funds in One Year A publication by the National Bureau of Statistics (NBS) shows that Nigeria’s 36 states received N39.62bn as ecological fund allocations from June 2023 to June 2024 from the Federation Account Allocation Committee (FAAC). The ecological fund is a...

PRNigeria FactCheck Clarifies Viral Video of Protesters Mounting Armored Vehicle in Kaduna Authorities in Kaduna have refuted claims that protesters "hijacked" a police armored personnel carrier (APC) during recent demonstrations against poor governance in the state. The viral video in question showed a large group of...

Food Importation Gulps $689.88 million in Q1 2024 The import of food products gulped about $689.88 million in the first quarter of 2024, which is about 17% of the total foreign exchange (FX) spending on imports. This is according to the sectoral utilization of foreign exchange...

FG's Non-oil Savings Rise by 304.1% – NBS The Federal Government’s savings in its non-oil excess account increased by 304.1 per cent in the first year of the current administration. This is according to an analysis of the monthly Federation Allocation Accounts Committee (FAAC) report released...

CAP Post-Tax Profit Decline by 42% Chemical and Allied Products Plc has reported a 42 per cent decline in profit after tax for the second quarter of 2024. The company’s post-tax profit fell from N895m in Q2 2023 to N517m in Q2 2024, driven by escalating...