July 22, 2021/Proshare by FBNQuest Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to NGN733bn (USD1.78bn) in July (from June revenue). This was an increase of NGN127bn on the previous payout. From thin coverage in […]
OPINION/EDITORIAL
NEPC to Inject N50Bn into Export Promotion
July 22, 2021/CSL Research Yesterday, news reports revealed that the Nigerian Exports Promotion Council (NEPC) is about to kickstart a N50bn Export Expansion Facility Program (EEFP), which is aimed at growing export earnings in the country. The fund as part of the Economic Sustainability Plan (ESP) would provide for financial […]
Rates Trend Lower at July Bond Auction
July 22, 2021/United Capital Research Earlier on Monday, the Debt Management Office (DMO) conducted a FGN bond Primary Market Auction (PMA) with the following instruments on offer; 13.98% FGN FEB 2028 N50.0bn, 12.40% FGN MAR 2036 N50.0bn and 12.98% FGN MAR 2050 N50.0bn. At the auction, investor demand was healthy […]
