FG Raked In N697.38bn Through VAT In Q4, 2022 — NBS   The National Bureau of Statistics, NBS, said the aggregate Value Added Tax, VAT, stood at N697.38 billion in Q4 2022. This is according to the VAT Q4 2022 Report released in Abuja on Wednesday. The report...

Lagos, Kano Get Lion’s Share In N42bn Ecology Fund - NBS   The 36 states of the federation shared N41.79bn allocation from the Ecology Fund in 2022. This was according to data from the distribution of Ecology Revenue allocation to states by Federation Account Allocation Committee. The...

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...

Report Reveals Kerosene Soared By 136% To N1,105 In December, 2022   The average retail price per litre of household kerosene rose by 136 per cent to N1,105 in December 2022 from N468 in the same period of the previous year, the latest data released by...