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Economy
Fitch Ratings has revised the outlook on Nigeria’s Long-Term Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at ‘B’.
The Nigerian local currency, the naira, was knocked down against the overweight US dollar at the foreign exchange
The House of Representatives has threatened to hand over the management of Nigeria Civil Aviation Authority (NCAA) to Economic and Financial Crimes Commission (EFCC) over alleged missing N43 billion revenue generated in 2022.
The Federal Executive Council (FEC) has approved the 2024 appropriation bill of N27.50 trillion for the 2024 budget with a N1.5 trillion increase from the earlier estimated bill.
The average yield on Nigerian Treasury bills climbed marginally amidst cold trading activities in the secondary market. Transactions conducted on bills in the secondary market were influenced by a recent increase in spot rates on 91- and 182-day Treasury bills by the apex bank.
The Katsina State Government has allocated 20.35 per cent and 20.13 per cent to water resources and education sectors, respectively, in the 2024 budget.
Nasarawa Geographic Information Service (NAGIS), says it generated and remitted more than N912.3 million into the state government’s coffer between January and November.