Nigeria’s Trade Surplus Hits 7% to N6.9tn in Q2 - Report Nigerian foreign exchange earnings grew in the second quarter of 2024 based on strong export performance as the foreign trade surplus increased to N6.95tn. A trade surplus is an economic measure of a positive balance...

Crude Oil Exports Rise 75% to N14.56tn in Q2 - NBS  The Nigeria Bureau of Statistics says crude oil exports contributed N14.56 trillion to the country’s total exports in the second quarter of the year, making up 74.98 per cent of the total export value. The...

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...

On NITDA-NBS Partnership for Nigeria's Digital Future By Abbas Badmus In a bold initiative aimed at transforming Nigeria's digital landscape and stimulating economic growth, the National Information Technology Development Agency (NITDA) has joined forces with the National Bureau of Statistics (NBS). This strategic collaboration seeks to...

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...