September 5, 2023/IMF Remarks by IMF Managing Director Kristalina Georgieva at the plenary session of 43rd ASEAN Summit September 5, 2023 As prepared for delivery Introduction Thank you, President Jokowi, it gives me great pleasure to address the ASEAN summit — it is uplifting to be with the leaders from […]
OPINION/EDITORIAL
Company Income Tax Revenue Increased by 58% to N1.5Trn in Q2 2023
September 5, 2023/FBNQuest Our chart today, drawn from company income tax (CIT) data produced by the National Bureau of Statistics (NBS), shows that total CIT receipts into the federation’s account amounted to NGN1.5trn in Q2 ’23. The amount represents a substantial rise in CIT collection compared to the NGN714bn and […]
VAT Revenue Increased by 30% YoY to N781bn in Q2 2023
September 4, 2023/FBNQuest Research According to the most recent report on value-added-tax (VAT) from the NBS, the federation’s gross VAT collections for Q2 ‘23 increased by 10% q/q and 30% y/y to NGN781bn. The total VAT collection in Q2 implies gross VAT collections of almost NGN1.5trn in H1 ‘23, representing […]
