Banks’ Demand Deposits Hit N1.67 trillion in Three Months The Central Bank of Nigeria (CBN) financial data stated that Nigeria’s demand deposits added N1.67 trillion in October (when the naira redesign was unveiled) to hit an all-time high of N20.18 trillion in January. Demand deposits, savings...

Nigerian Stocks Fall by 0.53% As Election Concludes Nigerian stocks ended a five-day run, falling fell by 0.53 per cent on Wednesday. While a total of 29 stocks gained, they were not enough to counter the impact of 12 that lost. Among the losers were bank...

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 as indirect tax in 2022,...

'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 the National Bureau of Statistics. The...

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 Product for Q4 2022, the...

Nigeria’s GDP Rose by 3.52% In 4th Quarter - NBS According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) grew by 3.52 percent in the fourth quarter of 2022. The NBS made this claim in the Nigerian GDP Report for Q4...