Manufacturing Sector Generates N404bn in Tax Revenue
Nigeria’s manufacturing sector strengthened its position as a key source of government revenue in the first quarter of 2026, generating a combined N404.07 billion from Value Added Tax (VAT) and…
NBS– Nigeria’s Economy Grew By 5.01% In Second Quarter
The National Bureau of Statistics has revealed that Nigeria’s Gross Domestic Product grew by 5.01 per cent, year-on-year, in the second quarter. Nigeria’s Gross Domestic Product grew by 5.01 per…
Ngige, Disagrees With NBS Over Employment Statistics
The Ministry of Labour and Employment and National Bureau of Statistics have tackled each other on social media over alleged confusing employment statistics. Our correspondent learnt that the Minister of…
Lagos, Rivers, FCT, Delta Generate Nigeria’s 52.67 Per Cent IGR In 2020
With the generation of 32.08 per cent, 8.97 per cent, 7.05 per cent and 4.57 per cent share of the 2020 Internally Generated Revenue (IGR) Lagos, Rivers, Federal Capital Territory…
States IGR Fell By N20bn To N1.31tn In 2020 -NBS
States Internally Generated Revenue fell by N20bn to N1.31tn as of the end of 2020 from N1.33tn as of the end of 2019. The National Bureau of Statistics disclosed in…
Inflation Rate Maintains Upward Trend, Hits 18.17% In March
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 18.17 percent in March from 17.33 in February. The March figure…
Inflation Rate Hits 17.33%
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33 percent in February. This is the highest point since April…
2020: Nigeria Makes N2.9tn From VAT, CIT
Nigeria generated a total of N2.94 trillion in income from value-added tax (VAT) and company income tax (CIT) last year, data released by the National Bureau of Statistics (NBS), have…
Food Inflation Records Highest Since 2016
Nigeria’s food inflation increased by 1.26 percent on a year-on-year basis from 18.30 percent in November 2020 to 19.56 percent in December. This is according to the December 2020 consumer…
BREAKING: Nigeria’s Inflation Rate Hits 14.89% in November -NBS
The consumer price index which measures inflation increased by 14.89 per cent (year-on-year) in November 2020. The National Bureau of Statistics disclosed in its Consumer Price Index November 2020 report…
