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Tag Archives: National Bureau of Statistics.

Nigeria Generates N1 Trillion from VAT in H1 2021 – NBS

Nigeria Generates N1 Trillion from VAT in H1 2021 - NBS

Nigeria generated N1 trillion from Value Added Tax (VAT) in the first half of the year 2021, consisting of N512.25bn in the second quarter and N495.39bn generated in the first quarter. The figures were contained in the ‘Sectoral distribution of Value Added Tax’ report released on Tuesday by the National …

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Debit Cards: Still Driving Financial Inclusion

Debit Cards: Still Driving Financial Inclusion

The last decade witnessed tremendous changes in the nation’s banking landscape. The number of bank customers have grown, agency banking has gained a foothold and cheques have given way to transfers, particularly through SMS banking and mobile apps. Debit cards, however, remained a constant feature during this period. Debit cards …

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All Commodity Group Import Index Rises by 0.13% – NBS

All Commodity Group Import Index Rises by 0.13% – NBS

The all-commodity group import index increased by 0.13 per cent between October and December 2020. The National Bureau of Statistics disclosed this in its report titled ‘Commodity prices indices and terms of trade, Q4, 2020’. This was driven mainly by an increase in the prices of base metals and articles …

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Fitch Forecasts $42bn External Reserves for Nigeria in 2021

Fitch Forecasts $42bn External Reserves for Nigeria in 2021

Fitch Ratings has predicted that Nigeria’s external reserves would rise to $42 billion in 2021, higher than the $35.374 billion it stood at the end of 2020. This is according to figures obtained from the website of the Central Bank of Nigeria (CBN). In a report titled, “Depreciatory Pressures on …

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