Updates

FAAC Says N696.18 Billion Disbursed in July 2020-NBS

September 22, 2020/NBS The Federation Account Allocation Committee (FAAC) disbursed the sum of N696.18bn to the three tiers of government in July 2020 from the revenue generated in June 2020. The amount disbursed comprised of N474.53bn from the Statutory Account, N128.83bn from Valued Added Tax (VAT), N42.83bn from Exchange Gain […]

South Africa, Kenya and Nigeria saw Millions of Cyber Attacks in 2020 and the Year is not over yet

In South Africa, there were almost 10 million malware attacks and a staggering 43 million Potentially Unwanted Applications (PUA) detections September 22, 2020/Kaspersky Kaspersky (https://africa.Kaspersky.com) security solutions have reported on 28 million malware attacks in 2020 and 102 million detections of potentially unwanted programs (pornware, adware etc.) they have accounted […]

Daily Market Update for September 21, 2020-Cordros

September 21, 2020-Cordros Report EQUITIES Nigerian shares closed flat at the start of the week, with the benchmark ASI up 1.78 points (0.0%), to close at 25,574.35 points. Accordingly, the Month-to-Date gain and Year-to-Date loss were flat at 1.0% and -4.7% respectively.   The total volume of trades increased by […]