Nigeria Economic Update Weekly Digest Issue 40
The document comprises several articles, in the first article, titled Decline in Stock Market Indices it discusses the Market indices at the Nigeria Stock Exchange which closed downward in the trading week ended October 4, 2019. The bourse recorded a meagre 2.48 percent decrease in twin market indices– All Share Index and Market Capitalization. Both indices closed at 26,987.45 and N13.137 trillion respectively. The second article :Rising FAAC Allocation - discusses the Federation Account Allocation Committee (FAAC) which disbursed the sum of ₦769.53 billion to the federal, state and local government in August 2019 from the revenue generated in July 2019. Disaggregated data shows the Federal Government received ₦299.80 billion, the States received ₦190.38 billion, while the Local Government Councils received ₦143.57 billion. The third article: Declining Performance in WAEC - talks about the recently released report by the National Bureau of statistics which showed a decrease in students’ performance in 2018 relative to 2017. 47.21 percent of candidates who sat for the exams in 2018 passed with 5 credits including English Language and Mathematics compared to 53.97 percent in the previous year. In the next section of the document titled Economic Snapshot the Quarterly and Monthly indicators are listed.