Capital Importation Into Nigeria Fall By 28% In Q1, 2023   National Bureau of Statistics (NBS), yesterday, said total capital importation into Nigeria in Q1 2023 stood at $1,132.65 million, lower than $1,573.14 million recorded in Q1 2022, indicating a 28.00 per cent drop. When compared to...

Mechanics, Traders Decry Multiple Taxation, Pay N167bn   Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023. The total tax was raised from Value Added Tax and...

Bank Customers Lose N472m To Fraudsters In Three Months - Report A report by FITC has revealed that bank customers in Nigeria lost N472m to fraud in the first quarter of 2023. It was also disclosed that there was a total of 12,553 cases of fraud...

Customs Arrests 344 Smugglers, Impounds N3bn Smuggled Rice   The Nigeria Customs Service (NCS) seized a total of N3.02bn worth of smuggled rice between May 2022 and May 2023. Data obtained from the service through its National Public Relations Officer, who is a Chief Superintendent of Customs,...

108,552 Retirees Receive N217bn, Says PenCom   No fewer than 108,552 annuitants received N216.66bn lump sum under the Contributory Pension Scheme as of the end of the first quarter of 2023, figures obtained from the National Pension Commission (PenCom) have revealed. This amounted to about a quarter...

Airfare Increases By 34.06% In One Year - NBS   From May, last year, airfare paid by air passengers for a single journey rose by 34.06 per cent from N55,906.86 to N74,948.78 in May 2023. The National Bureau of Statistics (NBS) made this known yesterday in its...