25

Mar

FG, States and LG share N695bn in February 2022

The Federation Accounts Allocation Committee (FAAC), has shared N695.03 billion to the three tiers of government as revenue for February 2022. According to the FAAC Director Information, Mr. Olajide Oshundun, the distribution is as follows; Federal Government got N24.845 billion, the states received N82.818 billion, Local Government Councils got N57.972 billion, while Cost of Collection to FIRS […]

25

Mar

Market sheds N110bn on profit taking, closes lower by 0.43%

Transactions on the floor of the Nigerian Exchange on Thursday closed on a bearish note, occasioned by drop in the share price of MTN by 0.73%. The All Share Index declined by 0.43% to close at 46,960.29 points from the previous close of 47,163.94 points. The Market Capitalisation declined by 0.43% to close at N25.309 trillion from[…]