-
Company Income Tax Fell By N124.71bn In 2021 Q4
According to the National Bureau of Statistics, Nigeria’s Company Income Tax fell by N124.71billion in the fourth quarter of 2021. The NBS disclosed this in its Q4, 2021 report on Company Income Tax saying, “On the aggregate, Company Income Tax for Q4 2021 stood at N347.81billion, a decline by 26.39 percent on a quarter-on-quarter basis…
-
Banks, Others Contribute N2.3trn To Economy
Findings from the Gross Domestic Product released by the National Bureau of Statistics Q4 2021 report has shown that Banks and other financial institutions excluding insurance, contributed N2.3 trillion to the nation’s real GDP, in 2021. This is up by 10.5 per cent from 2.1 trillion in 2020. The contribution of banks and other financial…
-
Nigerian Insurance Sector Records 8.01%
Figures obtained from the National Bureau of Statistics have shown that the Nigerian insurance industry grew by 8.01 percent in 2021 when compared to a negative growth rate of 13.29 per cent in 2020. The NBS, in its Gross Domestic Product report for the fourth quarter of 2021, said the insurance industry also accounted for…
-
Nigeria Records 3.4% GDP Growth in 2021
Nigeria’s Gross Domestic Product grew by 3.98 per cent in the fourth quarter of 2021, the strongest growth since 2014. This was contained in the quarter GDP report released by the National Bureau of Statistics. The report showed that the fourth-quarter growth accounted for annual growth of 3.40% in 2021. Part of the report read,…
-
How FAAC Distributed N9.079tn In 2021
A compiled data of the Federation Account Allocation Committee disbursement has revealed that a total of N9.079 trillion was shared by all three tiers of government in 2021. According to the National Bureau of Statistics, the distribution was made to the Federal Government, States’ government and Local governments from revenue generated by agencies from tax,…
-
January Index: Inflation Crossed Average Five Times In 11yrs
An analysis by Twentyten Daily has shown that at the beginning of every year, between 2012 and 2022, Nigeria’s Inflation rate crossed an average of 12.43 percent five times. According to data collected from the National Bureau of Statistics report on Consumer Perception Index, that measures the monthly rate of inflation, in January for the…
-
Nigeria’s Inflation Rate Drops To 15.60% In January
The consumer price index, which measures inflation, dropped to 15.60 percent year-on-year in January 2022. This is 0.87 percent points lower than the rate recorded in the corresponding month in 2021 (16.47) percent and 0.03 percent recorded in December 2021. The National Bureau of Statistics which disclosed this in its Consumer Price Index report for…
-
Inter-city T-fare Increase By 283%
The National Bureau of Statistics has said in its report that intra-city transport fares in Nigeria have increased by 283% between January 2017 to December 2021. The average cost of bus transportation within Nigerian cities rose from ₦122.83 in January 2017 to ₦470.83 in December 2021. Abuja had the highest intra-city bus transport cost at…
-
Nigeria Attracts $31.82bn Six Countries In 33 Months
From January 2019 to September 2021 the capital inflows from the United Kingdom, the United States, South Africa, the United Arab Emirates, the Netherlands, and Mauritius hit $31.82 billion in three years. According to data from the National Bureau of Statistics, the six countries accounted for 83.32 percent of the total capital of $38.18bn imported…
-
Price Of Diesel, Petrol Rise In January
There are indicators that the prices of Automotive Gas Oil (diesel) and Premium Motor Spirit (petrol) are increasing in January 2021. The National Bureau of Statistics (NBS) said that the average price of Automotive Gas Oil (diesel) is N289.37 per litre as at December 31, 2021. However there are indications that the price of diesel…