NBS

At N512.25bn in Q2 2021, VAT hits record high

The National Bureau of Statistics’ (NBS) on Tuesday disclosed that Nigeria recorded an increase of N15.86 billion Value Added Tax (VAT) revenue from N496.39 billion generated in quarter one (Q1, 2021) to N512.25 billion in Q2. NBS in its “Sectoral…

Analysts react over steady drop in inflation rate

By Olaleye Aanuoluwapo, Abuja The former Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf and the President, Association of Capital Market Academics of Nigeria (ACMAN), Prof Uche Uwaleke have expressed views on the recent drop in inflation,…

Mixed reactions trail NBS’s 18.2% inflation rate

By Matthew Denis & Joshua Elekwachi, Abuja, Abuja Analysts have expressed mixed feelings over National Bureau of Statistic (NBS) Monday’s report on inflation rate, stressing that the current rate does not reflect prices of goods and services in the country.…