In a significant move that has sparked controversy and raised questions about the government’s fiscal management, the Central Bank of Nigeria (CBN) has reaffirmed its commitment to a 5% threshold…
The Federation Accounts Allocation Committee (FAAC) has announced the distribution of N1.203 trillion in revenue generated in August 2024 among the Federal Government, States, and Local Government Councils (LGAs). This…
The federal government of Nigeria has reported a significant increase in Value Added Tax (VAT) revenue in the second quarter of 2024. According to data released by the National Bureau…
In a bid to alleviate the burden of rising fuel costs on Nigerians and promote cleaner energy, the Federal Government has announced plans to convert 30,000 petrol and diesel-powered vehicles…
CEM REPORT, ECONOMY | In a significant development for Nigeria’s fiscal landscape, the Federation Accounts Allocation Committee (FAAC) has disclosed the distribution of ₦1.15 trillion in revenue to the three…
CEM REPORT, AGROFOOD | Palm Oil production in Nigeria has fallen below demand leading to a ₦500 billion annual expenditure on Importation of the product. Nigeria’s annual demand for palm…