….as S/East, South-South consumers paid highest for beans, bread The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, reported on Saturday, September 24, that consumers paid more for selected food items in August, reflecting the rising inflation rate in the economy. The Bureau, in its latest ‘Selected Food Prices Watch […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s national statistics system, has reported that Nigeria’s Composite Price Index (CPI), which measures inflation rate, surges to 20.5 percent in August this year, representing the highest rate since September 2005. According to the Bureau in its latest ‘Consumer Price Index (CPI) report’ published on […]
The Group Managing Director of the Nigerian Exchange Group Plc (NGX Group), Mr. Oscar Onyema, has said that the agricultural sector holds huge potential for Nigeria in terms of generating the much-needed foreign exchange for sustainable development of the country. Onyema, who made this remark at the 26th Annual Chartered Institute of Stockbrokers’ conference held […]
The National Bureau of Statistics (NBS) has reported that aggregate Company Income Tax (CIT) revenue generated by the federal revenue service grew to N714.40 billion in the second quarter of 2022. The Bureau, in its ‘CIT Report for Q2 2022’ published on Friday, indicated that the Q2 accruals represented a 29.53 percent quarter-on-quarter growth from […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, on Thursday reported that Nigeria’s foreign trade grew to N12.84 trillion in the second quarter of 2022, representing a 32.2% increase over the N9.71 trillion recorded in the corresponding period of 2021. However, the statistics agency in the report indicated that when […]
Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s leading organized private sector (OPS) advocacy groups, on Tuesday set some key priorities for the Federal Government to concentrate on to achieve the objectives of its ongoing economic recovery agenda and by so doing, improve the socioeconomic well being of the citizenry. The OPS group, […]
The National Bureau of Statistics (NBS) reported at the weekend that the aggregate Value Added Tax (VAT) collected in the second quarter this year rose to N600.15 billion, representing 1.96 percent growth over N588.59 billion accruals from the revenue source in the preceding month. The Bureau, in its latest published ‘VAT Q2 2022 Report’, indicated […]
Lagos State and the Federal Capital Territory (FCT) accounted for about 92.23% of capital importation into the Nigerian economy totaling US$1.535.35 billion in the second quarter of 2022, the National Bureau of Statistics (NBS) has reported. From the total value of imported capital in Q2, analysis on state-by-state basis showed that Lagos State topped the […]
A member of the Central Bank of Nigeria (CBN) Monetary Policy Committee, Dr. Mo’ Omamegbe, has projected that Nigeria’s surging inflation will further devalue the exchange rate of the Naira as cost of producing import-dependent products continues to rise month-on-month in the country. Omamegbe, who is a former Head of Strategy Securities and Exchange Commission […]
Investment and economic experts at Bancorp Securities Limited, one of Nigeria’s investment research and consultancy firms, have predicted sustained mixed trading sessions on the Nigerian bourse this week as investors bargain hunt and cherry-pick fundamentally sound stocks. The analysts gave this projection in the firm’s ‘Weekly Stock Recommendations: Aug 29th– April 2nd 2022’ report circulated […]