Facts & Figures

Nigeria Exports N58.65b Electricity in Q1 2024 In the First Quarter 2024 Q1, Nigeria exported N58.65 billion electrical energy to African countries. The National Bureau of Statistics (NBS) made this known in its document titled: “Foreign Trade in Goods Statistics (Q1 2024).” A section of the report...

Nigeria Recorded N1.43tr VAT in Q1 The National Bureau of Statistics (NBS) said the aggregate Value Added Tax (VAT) stood at N1.43 trillion in Q1 2024. This is according to the VAT Q1 2024 Report released in Abuja on Tuesday. The report shows a growth rate of...

He noted that the relevant section of the Cybercrime Act is very clear about the businesses that are required to pay the levy, not the citizens.

Pressure on Households as Food Inflation Rises to 40% Nigeria’s food inflation has continued on a steady rise, reaching 40.01 percent in March 2024 on a year-on-year basis, this is 15.56 percent higher compared to the rate recorded in March 2023 (24.45 percent) and 37.90...

Nigeria, Africa's largest oil producer, may not reap a windfall from the recent rise in oil prices at $100 per barrel. 

An increase in the money shared by the Federation Account Allocation Committee (FAAC) boosted the revenues of 15 states in the fourth quarter of last year, resulting in a decrease of N117.6 billion in total domestic debt stock.