Aso Villa Reads for 31/10/2017

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Every day, we bring you the best stories the media is reporting about the Government of Nigeria.

According to Nigerian Pilot Deputy Governor of Central Bank of Nigeria, CBN, in charge of Financial System Stability, Joseph Nnanna has said Nigeria’s external reserve has hit $34billion from $33.6billion attained on October 25. The reserves have been appreciating very fast after hitting $32billion on September 18.

The Central Bank of Nigeria (CBN), injected a total of $285,759,449.10 into the Inter-Bank Foreign Exchange Market to meet requests in four sectors of the economy. Details obtained from the CBN indicate that the agricultural, airlines, petroleum and raw materials were the four sectors that received various sums of allocation forex allocation from the CBN based on requests put forward by their respective banks. So writes Vanguard.

Business Day reports that Minister of Finance, Kemi Adeosun revealed that revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017. According to her, the non-oil revenue represents 46.15% of the 2017 VAT budget of N1.728 trillion.

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