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Business

Rate Increase Raises VAT Revenue to N339bn in Q1 2020

The increase of the Value Added Tax rate from five percent to 7.5 percent has spurred an increase of tax receipts from N308.48 billion...

Banking

Nigeria’s Inflation Rate Spikes As Border Closure Effects Bite Hard

Barely a week to the lengthy Christmas vacation, Nigeria’s inflation has increased by 11.85 percent in November 2019, gaining 0.24 percent points higher than...

News

BREAKING: Nigeria’s GDP Grows By 2.28% In Third Quater Of 2019

Data made available by the National Bureau of Statistics (NBS) shows that Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter...

Business

Inflation Rises By 0.22% To 11.24% In September, Says NBS

The National Bureau of Statistics (NBS), says inflation rate in September 2019 increased by 0.22 per cent to 11.24 per cent from 11.02 per...

Business

N691.11bn Generated As IGR In First Half 2019, Says NBS

The National Bureau of Statistics (NBS), says in the first half of 2019, the 36 states and the Federal Capital Territory (FCT) generated N691.11...

Business

41.5m MSMEs Registered In 2017, Says NBS

The Statistician-General of the Federation, National Bureau of Statistics (NBS), Dr Yemi Kale said that 41.5 million Micro, Small and Medium Enterprises (MSMEs) were...

Business

Nigeria Imports 4.87bn Litres Of Petrol In Q1, Says NBS

The National Bureau of Statistics (NBS) on Friday announced that 4.87 billion litres of Premium Motor Spirit (PMS), popularly known as petrol were imported...

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