Indirect Taxes Rise By 18.88% To N3trn – NBS   The indirect tax burden on Nigerians rose by 18.88 per cent to N3.03tn in 2022 amid an economic downturn and rising inflation. According to the National Bureau of Statistics, Nigerians paid N3.03tn...

'Real Estate, Construction Sectors Contribute N8.9trn To GDP'   The contributions of the real estate and construction sector to Nigeria’s real Gross Domestic Product increased by N8.9trn in the fourth quarter of 2022, according to the latest GDP report released by...

Insurance Sector Records 12% Growth In Q4, 2022   Nigeria’s insurance industry grew by 12.25 per cent in the fourth quarter of 2022, figures obtained from the National Bureau of Statistics have revealed. According to the NBS report on Nigeria’s Gross Domestic...

Capital Importation Drops By 48% - CBN   Capital importation into the country for the production and manufacturing sector crashed by 48.42 per cent in 2022. Economic Confidential observed that foreign investments in manufacturing businesses in the country fell from $100.97m in...

Stock Market Defies Election, Rises By N623bn In Five Days   The Nigerian equities market defied the usual election fears to consolidate gains for the five trading days, as investors gained N623 billion. Also, the volume of shares traded increased significantly, as...

CBN Appoints Isa Abdulmumin New Spokesman The Central Bank of Nigeria (CBN) has announced the appointment of Dr Isa Abdulmumin as its Acting Director, Corporate Communications Department. A statement from the apex bank on Friday said his appointment comes after the...