Commercial Banks’ Loan To FG Hits N1.8trn
The total commercial loans to the government, at all levels, rose to N1.77 trillion at the close of last year, about 18 per cent increase from the N1.5 trillion reported in December 2019.
This comes as the total outstanding...
Naira Drops As Food Inflation Rises
Fears of continued rise in inflation among foreign exchange dealers have further weakened the naira, market statistics have shown.
The local currency lost strength at the weekend, dropping to N485/$1 from N483/$1 at the parallel market.
The slide followed release of...
Lagos, Rivers, FCT, Delta Generate Nigeria’s 52.67% IGR In 2020
With the generation of 32.08 per cent, 8.97 per cent, 7.05 per cent and 4.57 per cent share of the 2020 Internally Generated Revenue (IGR) Lagos, Rivers, Federal Capital Territory (FCT) and Delta States respectively...
FAAC Allocation In 2020 Not Bad
Federation Accounts Allocation Committee (FAAC) revenue to the Federal Government, 36 states and 774 local governments fell by just five percent to N7.14 trillion in eleven months (January to November) from N7.46 trillion in the same period of 2019.
Going...
Food Prices: Roots and Tubers To The Rescue
By Salisu Na'inna Dambatta
The other day the National Bureau of Statistics (NBS) while reporting the current inflation rate, indicated that despite the huge effort to boost productivity in the agriculture sector, the prices of food appreciated and...
Pressure On Income May Limit Household Investments In Education, Others — NBS
The National Bureau of Statistics (NBS), yesterday, said the pressure on income might limit household investments on education and health services for family members.
In its COVID-19 National Longitudinal Phone Survey (NLPS) for October...
