December 15, 2021/Proshare by FBNQuest Research  Today’s chart is drawn from data on company income tax (CIT)  produced by the National Bureau of Statistics (NBS) in conjunction with the Federal Inland Revenue Service (FIRS). The data show that total CIT collections for Q3 ’21 grew by 14% y/y to c.NGN473bn. […]

December 15, 2021/United Capital Research After coming under intense pressure in recent weeks, the oil market has somewhat rebounded, and oil prices have regained upward momentum. Notably, Brent crude, the global oil benchmark, saw a significant drawdown of 20.2% from the 2021 high of $86.40/b set on 26th Oct 2021 to […]

Written on 15/12/2021 by Lukman Otunuga, Senior Research Analyst at FXTM As inflationary pressures ease and economic growth slowly recovers, it remains a matter of ‘when, not if’ the Central Bank of Nigeria will raise interest rates in 2022. Other central banks have already joined the global tightening train in […]