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 […]

September 4, 2023/CSL Research The ambitious Anchor Borrowers’ Loan Scheme floated by the Central Bank of Nigeria to make cash available for increased agricultural production in Nigeria has run into a halt due to the inability of beneficiaries to repay the loan upon maturity thereby holding up government funds and […]

September 1, 2023/FBNQuest According to the most recent Quarterly Statistical Bulletin (QSB) from the Central Bank of Nigeria (CBN), Nigeria’s current account recorded a surplus of USD2.5bn in Q1 ’23, slightly higher than a revised surplus of USD2.4bn in Q4 ’22. On standardised terms, the figure improved to 2.2% of […]