March 14, 2023/OilPrice.com Michael Kern Editor, Oilprice.com Chart of the Week – The 50-day implied volatility rate of oil jumped some 16% amidst the ongoing chaos surrounding the collapse of SVB and Signature Bank, the most since the beginning of the Russia-Ukraine war. – With U.S. headline CPI coming in […]
OPINION/EDITORIAL
CIT and VAT Grow by 42% in 2022
March 14, 2023/CSL Research Based on data released by the National Bureau of Statistics (NBS), the Federal Inland Revenue generated a total of N5.34trn in Company Income Tax (CIT) and Value Added Tax (VAT) in 2022. This represents a 42.14% y/y increase on the N3.75trn recorded in 2021. Specifically, CIT […]
A Return to Trade Surplus in 2022
March 14, 2023/FBNQuest The most recent report on foreign trade in goods from the National Bureau of Statistics (NBS) shows that the total value of Nigeria’s merchandise trade declined by -5% q/q to NGN11.7trn in Q4 ’22. The decline in merchandise trade value was due to a -16% q/q reduction […]
