October 6, 2020/Cordros Report Bargain buying of large cap stocks continued in the domestic bourse, as investors continue to seek real returns, amidst abysmal fixed income yields. Thus, investors’ interest in DANGCEM (+9.9%) and MTNN (+5.7%) amongst others, drove the benchmark index higher by 4.9% to 28,909.37 points – the […]
Updates
NBS Says States Generated N612.87Billion in H1 2020 as Lagos Leads
October 6, 2020/NBS The National Bureau of Statistics Published Internally Generated Revenue at State level for Half Year 2020. The 36 states and FCT IGR figure hits N612.87bn in H1 2020 compared to N693.91bn recorded in 2019. This indicates a negative growth of -11.7% year on year. Similarly, the Q2 […]
A Stable But Inadequate FAAC Payout
Culled—Proshare October 6, 2020 by FBNQuest Research The gross monthly payout by the Federation Account Allocation Committee (FAAC) to the three government tiers and eligible agencies was N682bn (US$1.77bn) in September (from August revenue). This was an increase of N6bn on the previous month. From the limited coverage in the […]
