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Economy

FAAC: FG, States, LGAs Share N1.659trn

The Federation Account Allocation Committee (FAAC) has disbursed N1.659 trillion as revenue generated in May 2025 to the Federal Government, State Governments, and Local...

New VAT Sharing Formula: States to Get More Money

The Senate has ceded more revenue to states as it passed two of the four much-anticipated Tax Reform Bills which are expected to overhaul...

Central Bank of Nigeria Reports Strongest Net Reserve Position in Over Three Years

The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as at the end of...

FAAC: FG, States, LGs Share N1.678trn

Federation Account Allocation Committee (FAAC) has shared N1.678 trillion among the Federal, state and the local governments for the month of February. The FAAC...

Why Inflation Went Down in January

Why did inflation decline in January 2025 from the previous month, December 2024, threshold? Analysts are still grappling with the likely reasons for the decline...

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