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...

Capital Importation Drops By 48% - CBN   Capital importation into the country for the production and manufacturing sector crashed by 48.42 per cent in 2022. Economic Confidential observed that foreign investments in manufacturing businesses in the country fell from $100.97m in January 2022 to $52.08m in...

Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months   Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13bn. This is as Nigerians paid N2.01tn in indirect taxes in the period under review,...

Insurance Sector Records 17.28% Growth In Q2, 2022   The insurance sector grew by 17.28 per cent in the second quarter of 2022, according to figures obtained from the National Bureau of Statics’ Gross Domestic Product report for the period. The NBS stated in the report that,...

World Bank Report:  Nigeria's Climate change to cost 30% of its GDP by 2050  The World Bank recent report has projected that climate change could cost Nigeria 30% of its Gross Domestic Product (GDP) in 2050. This was disclosed in a release titled, “World Bank Group...

Nigeria’s Economy Decline By N63bn - NBS The National Bureau of Statistics (NBS) has observed that poor economic activities witnessed last year in the nation has contributed to the recent decline in the economy. NBS stated this while highlighting the figures recorded in the nation’s economic sector...