DISCLAIMER: This app is not affiliated with, endorsed by, or connected to any government entity. It is an independent platform for citizens to share their opinions.

The Punch

CBN Reveals Federation Account Balance Grows to N6.86 Trillion in Third Quarter 2024

CBN Reveals Federation Account Balance Grows to N6.86 Trillion in Third Quarter 2024

The Nigerian federation account's revenue grew to N6.86 trillion in Q3 2024, a 7.48% increase from the previous quarter.

Advertisement

The federation account's revenue increased significantly in the third quarter of 2024, growing by 7.48% to reach a total of N6.86 trillion. This surge is attributed to a boost in corporate tax and VAT receipts. The Central Bank of Nigeria's latest Economic Report has revealed this substantial increase in the nation's financial position.

corporate boosted federation account n686tn
Share this article:
Advertisement

Related Articles

Emzor Restates Commitment to Sports Development, Empowering Nigerian Football Talent

Emzor Restates Commitment to Sports Development, Empowering Nigerian Football Talent

Emzor Pharmaceutical Industries Limited reaffirms its dedication to sports development in Nigeria through its continued support for nurturing local talent and empowering athletes.

The Punch
Nigerian Striker Josh Maja Doubtful for Rest of Season Due to Leg Injury Concerns

Nigerian Striker Josh Maja Doubtful for Rest of Season Due to Leg Injury Concerns

Super Eagles striker Josh Maja may miss the rest of the season due to a lingering lower leg injury.

The Punch
Toulouse Open Talks with Nigerian Winger Henry Onyekuru Over Summer Move

Toulouse Open Talks with Nigerian Winger Henry Onyekuru Over Summer Move

Toulouse FC initiate talks with Henry Onyekuru over a potential summer transfer.

The Punch
Advertisement