December 12, 2024/CSL Research According to the National Bureau of Statistics (NBS), aggregate Value Added Tax (VAT) for Q3 2024 was reported at ₦1.78 trillion, a growth of 14.16% from ₦1.56 trillion in Q2 2024. Breakdown of the Q3 figures shows that local VAT payments amounted to ₦922.87 billion, a […]

December 12, 2024/Cordros Report In 2024, Nigeria’s macroeconomic environment witnessed significant changes as policymakers sustained market reforms in the monetary, FX, and fiscal space. In Q1-24, the naira was again devalued to align with the parallel market rate, reaching a record low (NGN1,851.00/USD) before stabilising within the range of USD1,500.00/USD […]

December 11, 2024/CSL Research According to a Business Day report, the Federal Government of Nigeria is set to commence the distribution of electricity meters to customers in the first quarter (Q1) of 2025 under the Presidential Metering Initiative (PMI). This initiative aims to address the metering gap and eliminate estimated […]