Recent report published by the National Bureau of Statistics revealed that Nigeria’s Gross Domestic Product (GDP) grew by 2.25% (year-on-year) in real terms in the third quarter of 2022. This represents a decrease of 1.29% points relative to 3.54% GDP in Q2 2022. This growth rate declined from 4.03% in the third quarter of 2021. The reduction […]
The Federation Account Allocation Committee (FAAC) has disbursed N736.782 billion from October 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. According to the communiqué at the end of the Federation Account Allocation Committee (FAAC) meeting for November 2022, the N736.782 billion total distributable revenue was made up of N417.724 billion distributable statutory revenue; N213.283[…]
Gains in the prices of Dangote Cement, BUA Cement and other 26 stocks lifted the activities on the floor the Nigerian equity market on Wednesday to a higher close as the All Share Index appreciated by 2.90% to settle at 46,232.37 points from the previous close of 44,929.33 points. The Market Capitalisation grew by 2.90% to close[…]