Nigeria’s Exports to ECOWAS Now N1.5trn – NBS
Nigeria's trade with ECOWAS countries reached new heights in Q3 2024, with exports valued at N1.54trn, according to the National Bureau of Statistics (NBS).
Data from the bureau also showed that Nigeria’s imports stood at just N82bn.
The report...
Fact-Check: No Inheritance Tax in Tinubu's Tax Reform Bill, Says PRNigeria
PRNigeria has debunked claims that inheritance tax has been introduced into President Bola Ahmed Tinubu’s Tax Reform Bill to target Muslims. The assertion, which gained traction on social media platforms, particularly WhatsApp, was based...
Insurance Market’s Gross Premium Now N813.1bn
The insurance market recorded about N813.1billion in Gross Premium Written in Quarter 2, 2024, indicating a 47.4 per cent growth rate compared to the same period of the previous year and a 72.7 per cent, quarter on quarter, it...
Foreign Trade Payments in LC Drop by 146% to $434.05m
Nigeria’s foreign trade payments through Letter of Credit (LC) fell by 146.5 percent year-on-year (YoY) to $434.05 million in the first nine months of 2024 (9M’24) from $1.07 billion in the corresponding period of 2023.
The...
Customer Deposits in Eight Banks Now N85trn
Customer deposits in eight Deposit Money Banks reached N85.58tn in the third quarter of 2024, a 12.2 per cent increase from the N76.26tn recorded in the same period in 2023.
This was disclosed in the Unaudited Interim Financial Statements...
FCT, States Generated N2.43trn IGR - NBS
The Federal Capital Territory (FCT) and the 36 states of the federation generated N2.43trillion Internally Generated Revenue (IGR) last year.
The National Bureau of Statistics (NBS) made this known yesterday in its document titled: “Internally Generated Revenue At State...
