March 10, 2023/Coronation Research The latest national accounts released by the National Bureau of Statistics (NBS) show that GDP grew by 3.5% y/y in Q4 ’22 compared with 2.3% y/y recorded in Q3 ’22. For FY ’22, GDP grew by 3.1% y/y vs 3.9% y/y recorded in 2021. On a q/q […]
OPINION/EDITORIAL
Improved VAT Collections in Q4 2022; Increases by 24% YoY to N697.4bn
March 10, 2023/FBNQuest The latest quarterly report on value-added-tax (VAT) from the National Bureau of Statistics (NBS) shows that the federation’s gross collections from VAT increased by 12% q/q and 24% y/y to NGN697.4bn in Q4 ‘22. On an aggregate basis, gross VAT collections totalled NGN2.5trn in 2022, implying an […]
Bearish Sentiment Spikes As Fed Reignites Recession Fears
March 10, 2023/OilPrice.com Oil prices are on course for their largest weekly decline since January after the head of the Federal Reserve reignited recession fears. Friday, March 10th, 2023 The prospect of higher and potentially even faster U.S. interest rate hikes has scared oil markets, triggering concerns that the oil […]
