The Bank of Japan has ended eight years of negative interest rates and other remnants of its unorthodox policy, making a historic shift away from a focus of reflating growth with decades of massive monetary stimulus. News reports on the BoJ’s latest policy on Tuesday indicated that while the move was Japan’s first interest rate […]
Indications that Nigerian businesses are under-performing amid current fiscal and monetary whirlwinds triggered by the President Bola Tinubu’s administration emerged on Friday with the aggregate, Company Income Tax (CIT) for Q4 2023 dipping to an all-time-low of N1.13 trillion. The CIT collections indicated a growth rate of –35.40% on a quarter-on-quarter basis when compared with […]
The National Bureau of Statistics (NBS) reported on Friday that on the aggregate, Value Added Tax (VAT) collections in Nigeria increased to N1.20 trillion in the fourth quarter of 2023 (Q4 2023), showing a growth rate of 26.61% on a quarter-on-quarter basis from N948.07 billion raked in from the revenue source in Q3 2023. In […]
….Highest Rate In Over 30 Years Despite sustained policy measures by the Central Bank of Nigeria (CBN) to moderate the nation’s inflation rate, the general price level in the economy continues its upward trend, rising to 31.70% in February this year from the 29.90% recorded in the preceding month. The National Bureau of Statistics (NBS), […]
The latest report from the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, has indicated a strong recovery in global market capitalization in 2023. The report attributed the impressive performance of the investment market to the improvement in the fundamentals of listed companies, complemented by some new listings […]
The National Bureau of Statistics (NBS) reported on Friday that the National average Cost of a Healthy Diet (CoHD) was N858 in January 2024. The Bureau, in its ‘Cost of Healthy Diet January 2024’ report published on Friday, March 8, indicated that the report’s findings showed that the average CoHD was highest in the South […]
In 2023, Nigeria’s total foreign trade increased to N71.88 trillion from N52.38 trillion recorded in 2022, representing an increase of 37.2% year-on-year (Y-o-Y) These figures were contained in the Foreign Trade in Goods Statistics (Q4 2023) report published by the National Bureau of Statistics (NBS) on Friday, March 8, on its website. The statistics agency […]
As anxieties continue to mount over the planned implementation of the Stephen Oronsaye report by the Federal Government, the Association of Senior Civil Servants of Nigeria (ASCSN), has warned that job losses associated with the implementation of the report could further escalate industrial action by the organized labour in the country.. The National President of […]
The Nigerian Communications Commission, (NCC) has reiterated its commitment to promoting local content development across the value chains of the nation’s telecommunications industry with the attendant positive implications of increasing the sector’s contributions to the nation’s Gross Domestic Product growth rate in the years ahead. The telecom industry regulatory commission’s Executive Vice Chairman, Dr. Aminu […]
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N5,139.25 in January this year, representing 12.00% increase from N4,588.75 it sold at in the corresponding month of last year, the National Bureau of Statistics (NBS) has reported. The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price […]