The planned direct disbursement of funds to Nigeria’s 774 local government areas (LGAs) has been delayed due to widespread bureaucratic lapses. A total of N361.754 billion, representing the LGAs’ share of the N1.424 trillion distributable revenue for January 2025, remains inaccessible as councils nationwide fail to meet necessary requirements. At the January Federation Account Allocation…
By Adamawa Post Reporter Nigeria’s foreign exchange (FX) reserves have experienced a significant decline, shedding $359.81 million within a single week to settle at $40.56 billion as of January 13, 2025. This represents a 0.88% drop from the $40.91 billion recorded on January 7, according to data from the Central Bank of Nigeria (CBN). This…
Yola, Nigeria – July 8, 2024 In a significant move towards bolstering the state’s economic development, Governor Ahmadu Umaru Fintiri has officially relaunched the Adamawa Mortgage Bank Ltd, formerly known as Adamawa Homes & Savings Limited. The inauguration ceremony, held in Yola, marks a pivotal step in Fintiri’s ongoing efforts to enhance financial inclusivity and…
