April 15, 2019/Cordros Update EQUITIES The Nigerian equities market opened the week on a bearish note as the benchmark index declined by 0.22% to 29,495.91 driven by losses in the Banking and Oli & Gas sectors. Thus, the Month-to-Date and the Year-to-Date losses increased to -4.98% and -6.16 %, respectively. […]
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FAAC Disbursed N619.86 Billion in March 2019
April 13, 2019/NBS The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.86bn to the three tiers of government in March 2019 from the revenue generated in February 2019. The amount disbursed comprised of N474.42bn from the Statutory Account, N96.39bn from Valued Added Tax (VAT), N4.02bn as excess bank […]
AfDB Board Approves $4.8 Million Grant to Accelerate African Free Trade
April 11, 2019/AfDB On 1 April 2019, the Board of the African Development Bank approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the […]
