September 13, 2024/CSL Research According to the National Bureau of Statistics (NBS), aggregate Value Added Tax (VAT) for Q2 2024 was reported at ₦1.56 trillion, a growth of 9.11% on a quarter-on-quarter basis from ₦1.43 trillion in Q1 2024. Of this, local VAT payments recorded in the period under review […]
OPINION/EDITORIAL
Trade Balances in China and the US Are Largely Driven by Domestic Macro Forces
(Credit: IMF Photo/Raul Ariano) September 12, 2024/IMFBlog By Pierre-Olivier Gourinchas, Ceyla Pazarbasioglu, Krishna Srinivasan, and Rodrigo Valdés China’s widening trade surplus and the growing US trade deficit since the pandemic have renewed concerns about global imbalances and fueled an intense debate on their causes and consequences. There are increasing worries that China’s external […]
Q2-2024 Foreign Trade in Statistics Report: Trade Surplus Expands Further
September 12, 2024/United Capital Report According to the Q2-2024 Foreign Trade Statistics Report released by the National Bureau of Statistics (NBS), Nigeria’s total trade merchandise printed at N31.9tn, down 3.8% q/q compared to its N33.1tn print in Q1-2024. However, on a yearly basis, the country’s total trade climbed by 150.4% […]
