FAAC shared N902bn among FG, States and LGs in November 2022
The Federation Account Allocation Committee (FAAC) in the month of November 2022 shared N902 billion among the three tiers of government: Federal, States and Local Governments. The money which was shared in December, 2022 comprised of distributable statutory revenue of N681.079 billion, distributable Value Added Tax (VAT) revenue of N202.839 […]
Stock market sustains uptrend, returns 0.89% WtD
The Nigerian stock market last week closed on a bullish note with 0.89% growth, occasioned by renewed buy interest by smart investors. Year to date, the market has returned 15.45% with the All Share Index and Market Capitalisation at 49,316.29 points and N26.861 trillion respectively. An aggregate of 814 million[…]
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DecArgentina beats France in World Cup Final
The 2022 World Cup Final ended in a penalty shootout between Argentina and France Gonzalo Montiel rolled in the deciding penalty to give Argentina their third World Cup and prevent. France becoming the first team in 60 years to retain the trophy. But a truly remarkable game saw Messi and[…]
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DecNigeria’s inflation rate rises to 21.47%
Recent report published by the National Bureau of Statistics revealed that the headline inflation rate in November 2022 was 21.47%. This was 6.07% points higher compared to the rate recorded in November 2021, which was 15.40%. This means that in the month of November 2022, the general price level was[…]
