Forex Crisis, Insecurity Slash Capital Inflows By 23%   Insecurity and lingering foreign exchange crisis have forced the capital importation into Nigeria to decline further by 23 per cent. Capital Importation measures the aggregate of foreign investments into an economic entity within a given period. It is...

Fed Govt Generates N127.03bn Tax From Calls, SMS   The Federal Government made N127.03bn from Value Added Tax on calls, SMS, data, and other information and communication services in the first six month of the year. This is 10.69 per cent of the total N1.19tn that was...

Nigeria’s Cocoa Exports To Boost Non-oil Revenues   Nigeria’s cocoa exports appear set to contribute more to the country’s non-oil revenues as stability in the global market continued to support the growth of its exports. The International Cocoa Organisation(ICCO) revised forecasts for the 2021-2022 period noted that...

Fed Govt Generates N1.09trn From Indirect Taxes   The Federal Government received N1.09tn from indirect taxes in the first two quarters of 2022, according to data from the National Bureau of Statistics. This represents a 10.29 per cent increase from N984.33bn obtained in the first two quarters...

Electricity Revenue Collection Increases To N761.17bn - NBS   The National Bureau of Statistics (NBS) yesterday said total electricity revenue collections increased to N761.17 billion in 2021. In its document entitled: “Nigeria Electricity Report 2021: Energy Billed, Revenue Generated and Customers by DisCos,” NBS said in total,...

Nigeria’s inflation Hits 18.60% In June Nigeria’s inflation rate in the month of June 2022 increased to 18.60 percent on a year-on-year basis. The National Bureau of Statistics disclosed in its Consumer Price Index June 2022 report. Read Also: Rise In Prices Of Cereal, Bread, Yam, Others...