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Facts & Figures

In Three Months, Manufacturing Sector Remits N330bn in VAT

In Three Months, Manufacturing Sector Remits N330bn in VAT   Nigeria’s manufacturing sector remitted a record N329.59bn in Value Added Tax in the first quarter of 2026, the highest quarterly VAT contribution by the sector in four years and the largest share recorded by any economic...

Manufacturing CIT Falls 68% in Q1 2026

Company Income Tax (CIT) payments by Nigeria’s manufacturing sector fell sharply by 68.25% year-on-year to ₦74.48bn in Q1 2026

FAAC Shares ₦2.3tn Among FG, States, LGs  in May

The Federation Account Allocation Committee (FAAC) shared ₦2.3 trillion among the Federal Government, states, and local governments

External Reserves Top $50bn After $1bn Gain in June

Nigeria’s external reserves climbed by over $1 billion in the first half of June 2026, strengthening the country’s foreign exchange buffers, according to Central Bank of Nigeria (CBN) data.

How Inflation Increased to 15.93% in May – NBS

Headline inflation has climbed to 15.93% in May 2026, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). 

Public Sector Pension Remittance Jumps by 235% in Q4 2025

Public Sector Pension Remittance Jumps by 235% in Q4 2025   Public sector pension contributions surged 234.85 per cent to N550.96bn in the fourth quarter of 2025, highlighting stronger compliance with Nigeria’s Contributory Pension Scheme and the settlement of outstanding pension arrears. This was disclosed in the...