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Nigeria: Inflation increases 11.37% in April

The consumer price index, (CPI) which measures inflation increased by 11.37 percent (year-on-year) in April 2019. This is 0.12 percent points higher than the rate recorded in March 2019 (11.25) percent. Increases were recorded in all COICOP divisions that yielded the Headline index, reports Proshare. On month-on-month basis, the Headline index increased by 0.94 percent…

ASVI 2018: States generate N1.1trn, only 10 viable, 17 states insolvent

… Lagos Generates More IGR than 30 States Combined  …. Economic Viable States: Lagos, Ogun, Rivers, Kwara, Enugu … Poor IGR States: Kebbi, Yobe, Katsina, Bayelsa, Ebonyi The Economic Confidential has released the Annual States Viability Index ( ASVI) for which shows that seventeen (17) States are insolvent as their Internally Generated Revenues (IGR) in…

No money lost in CBN, it’s mischievous – Management

The Central Bank of Nigeria has promptly reacted to a telephone conversation concocting that the some of N500 billion was missing from its coffers as a result of which its principal officers were trying to classify properly in its balance sheet. In a statement signed by the Director, Corporate Communications of the CBN, Isaac Okorafor…

Lagos entry to Odu’a Investment courageous – Group Chairman

… Commends Ambode, Says His Tenure Recorded Landmark Achievements …Region’s Integration Key To Prosperity Of Nigeria – Lagos Gov The Odu’a Investment Company Limited on Monday described the entrance of Lagos into the Group as courageous, expressing confidence that it will engender a positive impact on the socio-economic development and advancement of the South West…

Finally, NFIU monitors revenue allocations to LGs

The Nigeria Financial Intelligence Unit (NFIU) has requested all financial institutions, other relevant stakeholders, public servants and the entire citizenry to ensure full compliance with the provisions of the guidelines already submitted to Financial institutions and relevant enforcement agencies, including full enforcement of corresponding sanctions against violations from 1st June, 2019. This is against tbe…

Nigeria generated N324.59bn IGR in Q4 in 2018

The National Bureau of Statistics Published Internally Generated Revenue at State level for 2018. The Q4 2018 states and FCT IGR figure hits N324.59bn compared to N264.34bn recorded in Q3 2018. This indicates a positive growth of 22.79% quarter on quarter and 24.82% Year on Year Thirty-one (31) states and the FCT recorded growth in…

Senate passes 2019 Budget of N8.92 trn

The Senate on Tuesday, passed the 2019 Budget of N8.92 trillion as against N8.83 trillion presented by President Muhammadu Buhari on Dec. 18, 2018. This followed the adoption of the report of Senate Committee on Appropriation at plenary. In a related development, the House of Representatives has also passed the budget. Presenting the report, Sen….

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