August 10, 2021/OilPrice.com Chart of the Week – July fuel demand in India rebounded to its highest since April as New Delhi cleared restrictions and lockdowns, netting a 3% month-on-month increase to a total of 16.83 million tons. – The rebound might have been even more pronounced, were it […]
OPINION/EDITORIAL
VAT Collection at Historic High
August 10, 2021/CSL Research According to the data published by the National Bureau of Statistics (NBS), the total Value Added Tax (VAT) generated in Q2 2021 was N512.3bn, an improvement of 3.2% q/q and 56.6% y/y relative to N496.4bn in Q1 2021 and N327.2bn in Q2 2020, respectively. The VAT […]
Possible Impacts of Eurobond Issuance & IMF’s SDRs
August 10, 2021/United Capital Research In the past week, the Federal Executive Council (FEC) approved transaction advisers for the proposed $6.2bn (N2.3tn) worth of Eurobond issuance which is expected to be concluded by early Q4-2021, in a bid to cover part of the 2021 budget deficit of N6.8tn. In addition, […]
