(Credit: tomeng/iStock by Getty Images) Decemberb13, 2023/IMFBlog By Michele Ruta and Adam Jakubik Digital trade, from software sales to streaming movies, plays a bigger role than ever in the global economy. Yet with many developing countries struggling to fully participate in digital trade, now is the time for policy reforms that […]
OPINION/EDITORIAL
Company Income Tax Increased by 14% QoQ to N1.8trn in Q3 2023
December 13, 2023/FBNQuest Research According to the National Bureau of Statistics (NBS) recent data on company income tax (CIT), total CIT collections into the federation’s account increased by 14% q/q to NGN1.8trn. On a y/y basis, it more than doubled y/y. Underscoring the marked rise in CIT receipts was a […]
Oil Production Down Again in November
December 13, 2023/CSL Research According to the latest monthly report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s average crude oil production (including condensates) declined to 1.46 million bpd in November 2023 from 1.56mbpd in October, marking the second consecutive month on month decline, after it reached a year […]
