Author: Marketforces Africa

The Nigerian Exchange (NGX) hit about N55.6 trillion on Wednesday, apparently its latest all-time high …

Benchmark yield on Federal Government of Nigeria (FGN) bonds increased by 3 basis points to 13.58 per cent as a result of fresh selloffs

The average yield on Nigerian Treasury bills increased by 42 basis points due to pre-auction selloffs …

The Nigerian local currency, the naira, regained value as foreign currency demand pressures eased …

FAAC Disburses N1.1trn Allocation to FG, States and LGs The Federation Account Allocation Committee (FAAC) has shared N1.127 trillion in December 2023 federal revenue among the Federal Government, states and Local Government Councils (LGCs). This is disclosed in a communique issued by the FAAC at its January meeting, chaired by the Accountant General of the Federation, Dr Oluwatoyin Madein. According to the communique, the N1.127 trillion total distributable revenue comprised distributable statutory revenue of N363.188 billion, distributable Value Added Tax (VAT) revenue of N458.622 billion, and Electronic Money Transfer Levy (EMTL) revenue of N17.855 billion. It also comprised Exchange Difference…

The Nigerian Maritime Administration and Safety Agency (NIMASA) says the bottleneck affecting

U.S. Secretary of State Antony Blinken on Tuesday pledged $45 million in additional financing to help fight conflict and bring stability to coastal West Africa

The Nigerian Exchange gained about N1.6 trillion Tuesday to settle at about N54 trillion as cement names

Ogun State House Assembly Impeaches Oluomo Olakunle as Speaker

The oil market rallies as prices hold above $80 due to rising tension in the Middle East;