March 13, 2023/FBNQuest Today’s chart is drawn from data on company income tax (CIT) produced by the National Bureau of Statistics (NBS) in conjunction with the Federal Inland Revenue Service (FIRS). The data shows that total CIT collections for Q4 ’22 declined by -7% q/q to c.NGN754bn. However, on a […]

Image Credit: Coronation Research March 10, 2023/Coronation Reaction Note The Independent National Electoral Commission (INEC) announced the result of the 2023 presidential elections on Wednesday, 1 March ’23. Bola Ahmed Tinubu of the All-Progressives Congress (APC) won the election, defeating Atiku Abubakar of the Peoples Democratic Party (PDP), Peter Gregory […]

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 […]