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05

Sep
Business & Economy

Nigeria generated N781.35bn as VAT in Q2 2023- NBS

The National Bureau of Statistics has reported that an aggregate of N781.35 billion was generate as Value Added Tax (VAT) in Q2 2023. This represents a growth rate of 10.11% on a quarter-on-quarter basis from N709.59 billion in Q1 2023. According to NBS, Local payments recorded were N512.03 billion, Foreign […]

05

Sep
Market Update

Stock market extends bullish trend by 1.11%

It was yet another bullish session on the floor of the Nigerian stock market on Monday as bullish trend extended to third straight session. The All Share Index grew by 1.11% to close at 68,279.14 points from the previous close of 67,527.19 points. The Market Capitalisation was up  by 1.11%[…]

04

Sep
Business & Economy

Company Income Tax hits N1.53tn in Q2 2023- NBS

The National Bureau of Statistics has reported that the aggregate Company Income Tax (CIT) for Q2 2023 was N1.53 trillion, indicating a growth rate of 226.40% on a quarter-on-quarter basis from N469.01 billion in Q1 2023. Year on year, CIT collections in Q2 2023 increased by 114.28% from Q2 2022. […]

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