According to DAILY POST, Abia State Governor, Alex Otti has called for support from the United States consulate in promoting trade, investment and other areas of interest in the state.JAMB Result The Governor made the appeal on Wednesday when he received in audience, the Political and Economic Section Chief of the US Consulate, Lagos, Mike … Read more
The Gombe State Executive Council has approved approximately N5.2 billion for the payment of gratuities to retirees in the state and the local government, as per DAILY POST. This decision was announced by the Commissioner for Information, Mijinyawa Tilde, during a media conference at the end of the council’s 36th meeting, which was presided over … Read more
The Federal Government raised N1.5tn through bonds at its February auction instead of the N2.5tn it was targeting, PUNCH reports.JAMB Portal The Debt Management Office in a press release on Tuesday disclosed that the 2031 bond had a total allotment of N873.53bn while that of the 2034 bond stood at N621.38bn. Last week, the Federal … Read more
The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market has raised mixed concerns in the country’s economic sector, as per DAILYPOST. According to experts familiar with the sector, the move is similar to what the CBN did eight months ago on June 14 last … Read more
The Edo State chapter of the All Progressives Congress has urged Governor Godwin Obaseki to stop securing loans, noting that the “N9bn” loan recently approved by the House of Assembly was needless and will plunge the state into financial distress, as per PUNCH ONLINE.informationguidenigeria Addressing a press conference on Friday, the acting Chairman of the … Read more
The Federal Government of Nigeria has set a tax revenue target of N19.4 trillion for the year 2024. This comes after the Federal Inland Revenue Service (FIRS) achieved a record collection of N12.37 trillion in tax revenue for the federation in 2023, surpassing the year’s target of N10.7 trillion.JAMB Portal The Chairman of FIRS, Dr. … Read more
the Nigerian equity market continued its bullish trend, with investors gaining N673 billion. The market capitalization of the exchange and the All-Share Index rose by 1.30%, settling at N52.408 trillion and 95,768.12 basis points, respectively.JAMB Result Despite the positive trading, market participation saw a decline, with the volume and value of traded units dropping by … Read more
Governor Umo Eno of Akwa Ibom State has officially signed the 2024 appropriation bill, amounting to N849.97 billion, into law. This significant event took place during an expanded Executive Council meeting at the Government House in Uyo on Thursday.JAMB Portal The approved budget, as passed by the Akwa Ibom House of Assembly on December 21, … Read more
The Cross River State House of Assembly has successfully passed the state’s 2024 Appropriation Bill, which amounts to N296.96 billion. This figure is notably higher than the original budget estimate of N250.6 billion, labeled “The People’s First Budget,” presented by Governor Bassey Otu on October 26.JAMB Result The increase in the budget size by over … Read more
On the Nigerian Exchange Limited (NGX), banking stocks showed a positive trend despite the overall market shedding N139 billion in value on the first trading day after the Christmas holiday. The NGX All-Share Index and market capitalization both experienced a 0.34 percent dip, settling at 73,768.64 and N40.367 trillion respectively, which brought the year-to-date gain … Read more