October 27, 2023/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) for September 2023 showed that currency in circulation (CIC) increased month-on-month by 3.8% in September to N2.76trn (highest this year) from N2.66trn as of August 2023. In same vein, currency outside banks (COB) rose month-on-month by […]

October 26, 2023/CSL Research Based on the Internally Generated Revenue (IGR) report published by the National Bureau of Statistics (NBS) recently, all the states of Nigeria inclusive of the Federal Capital Territory (FCT) recorded total IGR of N1.93tn, which is 1.57% y/y higher than the total IGR of N1.90tn in […]

October 26, 2023/FBNQuest Research The gross monthly distribution by the Federation Account Allocation Committee (FAAC) to the three tiers of the government amounted to NGN903bn (USD1.1bn) in October (from September revenue). The disbursements represent an 18% reduction compared with the amount shared in September. The decrease in revenue was mainly […]