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FG, States, LGCs Share N907bn in June -FAAC The Federation Account Allocation Committee (FAAC) has shared N907.05 billion June Federation Account revenue to the Federal Government, states and Local Government…
AfDB Plans Budget Support for Zambia After $6.3bn Debt Restructuring African Development Bank Group (AfDB) has pledged about $150 million budget support for Zambia after successful completion of the country’s…
Circular Economy: Lagos to Enhance Investment Opportunities The Lagos State Government says it will ensure that the state remains innovative, thereby, creating investment opportunities. Mr Omobolaji Gaji, the Permanent Secretary,Office…
Ibadan Disco Unveils iRecharge to Ease Electricity Payment The Ibadan Electricity Distribution Company (IBEDC) in partnership with iRecharge Tech-Innovations has unveiled a payment platform, called i-Recharge to ease payment of…
NGX Bumps as Investors Take Profit After two bullish trading sessions, the equities segment of the Nigerian Exchange (NGX) closed marginally lower. This was caused by profit-taking activities in GEREGU,…
Nigerian T-Bills Yield Slumps to 4.3% The average yield on Nigerian Treasury bills (NTB) went southward midweek as bullish momentum in the secondary market accelerates – with inflation and interest…
FG Targets $5bn Revenue from Outsourcing Industry The Nigerian Export Promotion Council (NEPC) on Wednesday in Abuja said that Nigeria targets to earn five billion dollars from the outsourcing industry…
Naira Falls to N793.70, Parallel Market Rate Worsens Exchanged at N793.70 for a United States (US) dollar at the Investors and Exporters FX window, and N850 in the parallel market,…
Reps to Investigate Increase in Fuel Pump Price The House of Representatives has resolved to set up an Ad hoc committee to investigate the circumstances leading to the increment of…
Eurozone Inflation Eases as Energy Prices Decline The consumer price inflation rate in the Euro Area was confirmed at 5.5 percent in June 2023, the lowest level since January 2022,…