FINANCE UPDATE FOR THE WEEK

Posted in CategoryGeneral
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    Bunmi Mercy 3 years ago

    §  Interest rate (MPR) stands at 12.5%

    §  Inflation rate stands at 12.82%

    §  Crude oil price (USD) stands at $44.94

    §  CBN exchange rate (USD/NGN) stands at N379

     

    §  Here are how the top 5 banks performed for the first half of 2020. Zenith bank, GT Bank, Access Bank, UBA and First bank had a Profit After Tax (PAT) of 103BN, 94BN, 61BN, 44.4BN and 49.4BN respectively. Click here to learn more

     

    §  According to Nigeria Extractive Industries Transparency Initiative (NEITI), Federation Accounts Allocation Committee (FAAC) disbursed N3.879TR to the 3-tiers of government in the first half of 2020.

    Federal government received N1.53 trillion

    State government received N1.29 trillion

    Local government areas received N771.34 billion

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    Toyin O. 3 years ago

    There are no significant changes in the rates compared to last week except for USD Fx in the parallel market which is N450 as at this morning as against N430 last week.  For the disbursement to the 3 tiers of government, that's informative. Thank you.

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