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 […]

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 […]

March 14, 2023/United Capital Research Last week, the California Department of Financial Protection and Innovation announced the shutdown of Silicon Valley Bank (SVB) (a financial institution that provides banking services to nearly half of the United States (US) venture capital-backed technology and life-science companies). Generally, the bank’s collapse was ascribed […]