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Stock Market Review: December 19, 2022

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. In a stock market review with the MD/CEO of Global View Capital […]

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 billion, Exchange Gain revenue of N7.164 billion[…]