SUMMARY OF GROSS REVENUE ALLOCATION BY FEDERATION ACCOUNT ALLOCATION COMMITTEE FOR THE MONTH OF AUGUST, 2020 SHARED IN SEPTEMBER, 2020
Below is the Revenue allocation and distribution to the Federal, State and Local Government for the month of August 2020 from the Office of the Accountant General of the Federation, Ministry of Finance, Budget and National Planning CLICK LINK TO GET PDF FILE REVENUE ALLOCATION AND DISTRIBUTION AUGUST 2020- 3 PAGES[838]
CONCERNS AS $4.3B NLNG TRAIN 7 SUFFERS 8 MONTHS DELAY FROM TAKE OFF
Mr Tony Attah, MD of NLNG By Paschal Emeka There is heightening economic concern as Train 7 of the Nigeria Liquefied Natural Gas (NLNG) suffers eight months delay from take-off after the signing of the front end engineering design. But NLNG says the projections are still on track The NLNG Train 7 expansion project […]
CBN Acquires 21percent Share of NSPM
By Ochai Sunday. Emefiele, CBN Governor The Central Bank of Nigeria, CBN has acuired 21 per cent shares of Federal Government in the Nigerian Security Printing and Minting (NSPM) in a deal expected to contribute over N17 billion to the national treasury. The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex […]
CBN Injects $210m to Forex Market
CBN Governor, Emefiele In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has injected another sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the bank on Monday, indicated that the apex bank offered $100million […]
CBN: Public Enlightenment is it
Central Bank of Nigeria (CBN) continued its sensitization program across the nation to the banking public based on their rights as customers of financial institution, and its various intervention policies targeted at stimulating economic growth and wellbeing of the Nigerian citizen. This time it was the turn of Lagos banking customers. By Paschal Emeka This is […]
Nigeria: FG’s Budget of Recovery and Growth
…Can it salvage the economy? The government said the budget reflects fiscal plan to restore the economy to the path of sustainable and inclusive growth, the specific goals and targets of which are set out in the 2017 – 2020 Economic Recovery and Growth Plan (ERGP) and assured that In the months ahead, it will work […]
Nigeria/China Relations: The need to balance gains for parties
The diplomatic relations between Nigeria and China dates back to 1971. But the civilian government of former President Olusegun Obasanjo revived and strengthened it. Since then the growing influence of China in Africa and by extension Nigeria has grown in leap and bounds. How then can Nigeria and Africa benefit from it; find out in […]