FAAC Shares N651.18 Billion to FG, States, LGs in June. The Federation Accounts Allocation Committee (FAAC) has shared N651.18 billion Federation Account Revenue to the federal, states and local government councils and relevant agencies for the month of June.

Deregulation Will Force Down PMS Price, Says PPPRA. The Petroleum Products Pricing Regulatory Agency (PPPRA) says full deregulation of the downstream oil and gas sector will help force down price of Premium Motor Spirit (PMS) also known as petrol.

17 Questions that Address How PFAs Invest Employees’ Contributions to RSA. These 17 questions address how employees contributions to retirement savings accounts are invested and managed under contributory pension scheme.

Tough Tasks for MPC as Inflation Rate Outpaces MPR. Tough job for the Central Bank of Nigeria’s Monetary Policy Committee as headline inflation which settled at 12.56% in June outpaced the benchmark interest rate of 12.50%, thus further widened negative return in the fixed income market.

Bond Auction: DMO Reduces Total Borrowing Plan for Q3:2020. The Debt Management Office, DMO, has indicated plan to lower borrowing target for the third quarter, (Q3:2020) as reflected in its bond auction calendar.

Nigeria’s Inflation Rate for June Spikes to 12.56%. Nigeria’s inflation rate for June rises to 12.56%, the National Bureau of Statistics, NBS, has revealed in its June report.

NDIC Seeks Collaboration with CBN in Banks Licensing. The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for the corporation to be involved in the process of licensing banks in collaboration with the Central Bank of Nigeria (CBN).

Jaiz Bank to pay maiden dividend of ₦884mn to shareholders. Shareholders of Jaiz Bank Plc are to receive a total of ₦884 million dividend payment subjected to appropriate withholding tax.

CBN Supports Federal Government with ₦6.3 trillion in 5 Years. The Central Bank of Nigeria (CBN) has been noted to have supported the federal government with total sum of ₦6.3 trillion in the last five years.

Oil Prices Ease as OPEC, Allies Agree to Scale Back Production Cut. Oil prices eased on Thursday after the Organisation for Petroleum Exporting Countries (OPEC) and allies, such as Russia, agreed to taper record supply curbs from August.