In Six Months, Nigeria’s VAT Hits N1trn - NBS       Nigeria generated a N1tn in the first half of the year, consisting of N512.25bn in the second quarter and N495.39bn generated in the first quarter. The figures were contained in the ‘Sectoral distribution of Value Added Tax’...

Nigeria’s Capital Importation Declines To $875.62m In Q2, 2021     The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in the first quarter of 2021. The National Bureau of Statistics disclosed this in its report titled, ‘Nigerian...

Food Prices Soar As Inflation Drops To 17.75%       Prices of food continued to rise as the Consumer Price Index (CPI) which measures inflation (rate of change in the increase in prices) increased by 17.75 percent in June 2021, signifying a 0.18% drop compared to the...

Manufactured Imports Rise To N40.94trn       Between January 2017 and March 2021, Nigeria spent N40.94tn on the importation of manufactured goods. It earned only N4.22tn on the export of manufactured goods within the same period. These are according to data obtained from the Foreign Trade report of the...

All Commodity Terms Of Trade Drops By 51% In 3 Months — NBS       The National Bureau of Statistics, NBS, said the All commodity Terms of Trade Index fell by 0.51 percent from January to March, 2021. In its latest Commodity Price Indices and Terms of Trade,first...

Insurance Sector Contracted By 2.08% In Q1, 2021       The insurance sector contracted by 2.08 per cent in the first quarter of 2021, according to the latest figures obtained from the National Bureau of Statistics. The NBS, in its report on Gross Domestic Product for the first...