November 22, 2024/FBNQuest Source: FGN The most recent communique released by the Federation Account Allocation Committee (FAAC) shows that the federation’s revenue disbursements to the three tiers of government amounted to about N1.4trn (US$835m) in October 2024 (from September 2024 revenue). November’s gross distribution represents an increase of +8.7% month-on-month […]
Updates
PepsiCo to Acquire Full Ownership of Sabra and Obela
Enables PepsiCo to Accelerate Innovation in Refrigerated Fresh Dips and Spreads to Meet Growing Consumer Demand Further Expands Company’s Positive Choice Portfolio November 22, 2024/PepsiCo PepsiCo, Inc. (NASDAQ: PEP) today announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company, LLC (Sabra) and PepsiCo-Strauss Fresh Dips & […]
MPC Meeting: Another 50bps Rate Hike on the Cards
November 22, 2024/Cordros Report The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to convene for the final meeting of the year on 25 and 26 November. Since the last meeting in September, inflation has taken a sharp turn upward, rising for two consecutive months […]
