February 9, 2021/NBS The Federation Account Allocation Committee (FAAC) disbursed the sum of N604bn to the three tiers of government in November 2020 from the revenue generated in October 2020. The amount disbursed comprised of N377.15bn from the Statutory Account, N72bn from Distribution of FGN Intervention Fund, Distribution of N20bn […]
Updates
Decline in Capital Imports, Decreases by 72% YoY in Q4 2020
February 9, 2021/Proshare by FBNQuest Research Turn numbers into inspiring stories and create compelling data dashboards for driving strategic data-driven decisions using Microsoft PowerBI. To learn how, register HERE The NBS recently released its latest report on Nigerian Capital Importation, which covers Q4 ’20. The data were obtained from the CBN […]
IMF Says Nigeria Experiencing Worsening Food Insecurity
February 8, 2021/IMF On January 27, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Nigeria. Nigeria’s economy has been hit hard by the COVID-19 pandemic. Following a sharp drop in oil prices and capital outflows, real GDP is estimated to have contracted by 3.2 […]
