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Nigeria Records N1.8 trn Trade Deficit In Q2’21
The National Bureau of Statistics has said that Nigeria recorded a trade deficit of N1.8 trillion in the second quarter of the year. This is coming despite the foreign trade rose by 23 percent to N12 trillion from N9.8 trillion in Q1’21. The bureau disclosed this in its Foreign Trade in Goods Statistics Report for…
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Railway Services Generate N2.1bn Revenue In 6 Months
Between the first and second quarters of 2021, the Nigerian Railway Corporation has generated N2.1 billion as revenue from passengers and cargo. The National Bureau of Statistics stated this in its latest report, titled: “Rail Transportation Data Q2.” According to the report, NRC generated N1.08 billion from passengers in Q2 2021 against N892.47 million in…
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Manufacturing Sector Records N12.2tn In 6 Months
According to the National Bureau of Statistics, the manufacturing sector recorded a total output of N12.2tn in the first half of the year. Data obtained from the Gross Domestic Product report show that aggregate manufacturing output in the first and second quarters stood at N6.1tn each. The total output of N12.2tn for H1 2021 represents…
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INFOGRAPHICS: How GDP Rose In Three Months
The National Bureau of Statistics in its GDP Report for the second quarter of 2021 published that Nigeria’s Gross Domestic Product grew by 5.01 percent in the three month. According to the report, the 5.01 percent marks three consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of…
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INFOGRAPHICS: How Capital Importation Fell In Three Months
The National Bureau of Statistics reported that the total value of capital importation into Nigeria fell to $875.62 million in the second quarter of 2021. Between January to March of the same year, Nigeria had a capital importation of $1.91 billion. The bureau stated that this represented a decrease of 54.06 percent compared to Q1…
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IT Investments Drop By $53m In One Year
The investments in the information technology services sub-sector has dropped from $74.74 million at the end of 2019 to $21.68 million as of December 31, 2020. This is according to analysis of the capital importation data from the National Bureau of Statistics. This indicates a drop of $53.06 million or 70.99 percent in one year…
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Prices For Cooking Gas, Kerosene Increased In July
According to the latest data from the National Bureau of Statistics, the average price of refilling a cooking gas and prices paid per liter by consumers of kerosene has increased in the month of July. NBS stated this in its “Liquefied Petroleum Gas (cooking gas) and National Household Kerosene Price Watch (July 2021). The average…
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Company Tax Rise By 20.23%
Data from the National Bureau of Statistics has shown that the Company Income Tax for the second quarter of 2021 rose to 472.07 billion. The data showed that this was 20.23 percent higher than N392.64 billion generated in the first quarter of the year. It further reflected that the amount was 17.42 percent higher than…
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Manufacturing Sector Records N6.99tn Growth
The aggregate monetary value of the manufacturing sector’s output rose from N12.45 trillion to N19.44 trillion between December 2018 and December 2020. This showed an increase of N6.99trillion or 34.78 percent in total manufacturing output within the two-years period. The figures were obtained from the National Bureau of Statistics after analysing the Gross Domestic Product…
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States’ IGRs Shrink By 22% In Two Years
The aggregate internally generated revenue of the 36 states in the country and the Federal Capital Territory Administration fell by 37 billion in two years. This is according to data obtained from the National Bureau of Statistics. As of the end of 2018, states’ IGR stood at N1.68 trillion, while by the end of 2020,…