June 19, 2024/Futureview Research Introduction As of May 2024, the inflation rate jumped to 33.95%, up from 33.69% in April 2024. That’s a 0.26% increase in just one month. Over the past year, inflation has climbed by 11.54% from 22.41% in May 2023. The major driver has been the consistent […]

June 19, 2024/United Capital Research Below are highlights of Nigeria’s economic performance; •The Nigerian economy grew by 2.98% year-on-year in Q1 2024, down from 3.46% in Q4 2023. •The oil sector grew by 5.7% in Q1’24 down from 12.11 in Q4’23 while the same slowdown was recorded in the same […]

June 13, 2024/CSL Research Value Added Tax (VAT) surged by 101.7% year-on-year to N1.43trn in Q1 2024, up from N709.59bn in Q1 2023, according to the National Bureau of Statistics (NBS). On a quarterly basis, VAT increased by 19.2% from N1.20trn in Q4 2023. The VAT rate, set at 7.5% […]