September 20, 2024/CSL Research At the August FAAC meeting, a total of ₦1.2 trillion was distributed among the Federal Government (₦374.9bn), States (₦422.9bn), and Local Government Councils (₦306.5bn). Additionally, oil-producing states received ₦99.5bn as derivation fund (13% of mineral revenue). This total represents an 11.4% decrease from the previous month’s […]
Author: InvestAdvocate
CBN Issues Clarification on the Monetary Policy Guidelines: Refutes Reintroduction of Cybersecurity Levy
September 20, 2024/CBN The attention of the Central Bank of Nigeria (CBN) has been drawn to certain instances of misinterpretation or misrepresentation of its biennial publication on Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines published on September 17, 2024. In response, the CBN has temporarily withdrawn the document to […]
Has Sentiment Finally Shifted in Oil Markets?
September 20, 2024/Oilprice.com Michael Kern Editor, Oilprice.com Oil prices are on track to post a second weekly gain as bullish sentiment builds and the prospect of a prolonged price rally becomes increasingly likely. Friday, September 20th, 2024 Oil prices are set to record their second straight week-on-week gain with WTI […]
