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Nigeria: Generated Value Added Tax rises 29.80% Q-on-Q in Q3 2020

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By Audrey Lotechukwu MON, 02 NOV, 2020-theGBJournal-The latest National Bureau of Statistics (NBS) report on sectoral distribution of Value Added Tax (VAT) suggests increased efforts...

Higher food prices drive Nigeria’s inflation to 13.71% y/y in September,...

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By Audrey Lotechukwu THUR, OCT 15 2020-theG&BJournal-Nigeria’s headline inflation expanded by 49bps in September 2020 to 13.71% y/y (August: 13.22% y/y), the highest level since...

Nigeria’s Current Account records eighth consecutive quarterly deficit

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SAT, OCT 10 2020-theG&BJournal-Nigeria’s Current Account (CA) recorded its eighth consecutive quarterly deficit in Q2-20 at USD3.23 billion. The deficit was largely underpinned by...

States Internally Generated Revenue drops by 11.7%, Lagos leads with N204.51bn...

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By Audrey Lotechukwu TUE, 06 OCT, 2020-theGBJournal-The National Bureau of Statistics (NBS) today, published the data on Internally Generated Revenue (IGR) at State level for...

Nigeria August inflation accelerates to 13.22% driven by weaker NGN, food...

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By Audrey Lotechukwu TUE SEPT 15, 2020-theGBJournal-Consumer price index, (CPI) rose to 13.22 % (year-on-year) in August 2020, up from 12.82 % in July 2020,...

Nigeria’s debt portfolio rises 20.6% to N31.01trn in Q2 2020, 63.35%...

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MON SEPT 14, 2020-theGBJournal-Nigeria’s total debt portfolio grew to N31.01 trillion in Q22020, a 20.6% (in naira) from N25,701 trillion in Q22019, as the...

Analysis: CBN’S FX rationing, uncertainty pressure Foreign Portfolio Investment

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SAT, SEPT 12, 2020-theGBJournal-Second-quarter data on foreign capital inflows to Nigeria reveals the depth of the decline caused by the COVID-19 pandemic and consequent...

Credit to private sector by banks expand to N18.82trn in Q2...

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THUR, SEPT 10, 2020-theG&BJournal-The Oil and Gas and Manufacturing sectors got credit allocation of N3.62trn and N3.07trn respectively to record the highest credit allocation...

Allocation to three tiers of government drops to N547.31bn in June...

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SAT, SEPT 05 2020-theG&BJournal- Total sum of N547.31bn was disbursed to the three tiers of government in June 2020 from the revenue generated in...

Weekly Markets Wrap: Stocks end week positive, treasury yields contract 41bps...

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WED, JULY 29 2020-theG&BJournal-With negative expectations already priced in, earnings did better than expected, spurring investor interest across Cement and Tier I bank stocks...