OPINION/EDITORIAL

A Widening of the Fiscal Deficit in Q1 2021

August 16, 2021/Proshare by FBNQuest Research  We see from the CBN’s Quarterly Statistical Bulletin (QSP) for Q1 ’21 that the fiscal operations of the Federal Government of Nigeria (FGN) resulted in a deficit of NGN2.4trn, up from c.NGN1.6trn in Q4 ’20 (NGN1.4trn Q1 ’20). In more relatable terms, the deficit […]

CIT Payments: A Good Time, Yet Much is Needed

August 16, 2021/CSL Research Leveraging the continued macro-economic recovery, Nigeria’s fiscal position received a huge boost in H1 2021, as manifested by an all-time high half-year return in Value Added Tax (VAT) and Company Income Tax (CIT). The performance was an offshoot of improved collection, macroeconomic conditions, and consumption, along […]