September 10, 2024/CSL Research The latest CIT report from the National Bureau of Statistics (NBS) shows a substantial increase in Company Income Tax collections for Q2 2024. The CIT for this quarter reached N2.47 trillion, marking a 59.52% y/y increase from N1.55 trillion in Q2 2023. This growth is even […]
OPINION/EDITORIAL
Composite PMI expands in August 2024
September 9, 2024/CSL Research The Central Bank of Nigeria (CBN) recently released the Purchasing Managers’ Index (PMI) survey for August 2024, covering three key sectors: Industry, Services, and Agriculture. The composite PMI for August stood at 50.2 points, marking the first expansion in economic activities after 13 consecutive months of […]
Cement Sector Growth Remains Suppressed
September 6, 2024/United Capital Research Based on Q2 GDP numbers, the cement sector’s growth rate declined significantly y/y, down 47.98% to 1.74% in Q2 2024 from 3.34% in Q2 2023. On a q/q basis, the growth rate also decreased by 15.36%, falling from 2.05% in Q1 2024. This downward trend […]
