Derivative Fund

Business

H1 2025: Derivative Fund Soars 128.83 percent to N781.83bn as Oil-Producing States Record Zero Foreign Investment in Q1

Sam Diala, THEWILL -
August 17, (THEWILL) — Nigeria’s nine oil-producing states amassed a total of N781.83 billion as statutory13 percent derivative fund from the Federation Account Allocation Committee (FAAC) in the first six months (H1) of 2025, according to data by the...
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BusinessOgochukwu Onwaeze, THEWILL -

UBA Calls For Deeper Nigeria-Brazil Trade As Bilateral Commerce Hits $2.4bn

Oliver Alawuba, the Group Managing Director and Chief Executive Officer of UBA, made the call in Abuja during the celebration of Brazil’s National Day, hosted by the Embassy of the Federative Republic of Brazil in Nigeria.
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