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 […]

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 […]

March 10, 2023/CSL Research Based on a This Day report, the Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak disclosed that promissory notes valued at N308.45 billion have been approved for disbursement to 199 exporting companies under the Export Expansion Grant (EEG) Scheme. The EEG, an incentive […]