Nigeria’s Inflation Declines by 1.23% in August – NBS The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024. The NBS said this in its Consumer Price Index (CPI) and Inflation Report for August 2024, which...

DisCos’ Revenue Rises by 40% to N433bn   Revenues earned by electricity Distribution Companies (Discos) in Nigeria in the second quarter of 2024, spanning April to June, rose almost 40 per cent to N433 billion during the period, on the back of the recent tariff increase...

Experts Hail FIRS as VAT Hits N1.56trn The Federal Inland Revenue Service(FIRS) has received the commendation of analysts for collecting N1.56trn in its Value Added Tax collections in the second quarter of the year. A report released by the Nigeria Bureau of Statistics on Sunday showed...

CBN, NDIC, Others to Discuss Bank Recapitalisation at Summit The Nigeria Deposit Insurance Corporation (NDIC) the Central Bank of Nigeria (CBN) the Bank of Industry (BoI) the United Bank for Africa, Access Holdings Plc, and other financial institutions will be discussing the impact of the...

Nigeria Generated N1.43trn from VAT in Q1 2024 – NBS The National Bureau of Statistics (NBS) says the country generated N1.56 trillion as value-added tax (VAT) between April and June this year. The figure represents an increase of 9.11 percent when compared to the N1.43 trillion...

Company Income Tax Revenue Surges by 150.83% In Q2 2024 – NBS Nigeria’s Company Income Tax (CIT) surged by 150.83 per cent to N2.47tn in Q2 of 2024. A report by the National Bureau of Statistics (NBS) said the increase was from N984.61bn recorded in Q1...