Again, Lagos Generates More IGR than 30 States Combined …. RICH/Economic Viable States: Lagos, Ogun, River, Kaduna, Kwara, Oyo and Edo States … INSOLVENT/Poor IGR States: Bayelsa, Kebbi., Katsina, Akwa-Ibom, Taraba and Yobe States

Despite Concerns Over Capital, Banking Index Rises By 6%   During the past week, the banking index of the Nigeria Exchange Limited (NGX) recorded the highest gain of 6.08 per cent week-on-week compared to other indexes on the local bourse as investors’ wealth grew by N66bn. Banking...

Companies Raise Employees' Salaries by 18.35% in Six Months   To combat rising inflation in the country, companies increased the salaries of their staff members by 18.35 per cent to N29.45 trillion in the first six months of 2023. This is based on data from the National...

States Borrow N988trn, Spend N1.7trn on Meals, Trips, others   The 36 states of the federation have spent N1.71tn on recurrent expenditures including allowances, foreign trips, office stationery, aircraft maintenance, and more in the first nine months of 2023. This is according to an analysis of their...

Jigawa, Akwa-Ibom Lead as States Record $910m Forex Gain   No fewer than 13 state governments recorded significant Foreign exchange revaluation profits worth N71.59 billion in three months. This was disclosed through data obtained from the third quarter budget implementation report (July to September) on each state’s...

Fuel Scarcity: Queues Return to Abuja as Price Increases Long queues for petrol resurfaced in Abuja and environs yesterday, amidst speculations about a possible pump price increase. Reports revealed that many independent marketers’ stations have already raised the price of premium motor spirit (PMS) popularly called...