September 6, 2022/FBNQuest The CBN’s latest monthly economic report for May ’22, shows that the gross federally collected revenue decreased by c.-22% m/m to NGN1.0trn. It also fell short of the pro-rata monthly budget benchmark of c.NGN1.58trn. However, on a y/y basis, May’s revenue figure was around 20% higher than […]
Updates
United Capital Research Investment Views This Week 5th September 2022 to 9th September 2022
September 5, 2022/United Capital Research Macro Highlight and Outlook According to the Capital Importation data released by the NBS, Nigeria attracted a sum of $1.5bn as capital inflows in Q2-2022, 2.4% q/q lower than $1.6bn in Q1-2022. On an annual basis, the capital inflow increased by 75.3% y/y compared to […]
Improvement in VAT Collections in Q2 2022
September 5, 2022/CSL Research The National Bureau of Statistics (NBS) published data on the revenue generated from Value Added Tax (VAT) collections in Q2 2022. The total VAT collected in Q2 2022 was N600.2bn, an improvement of 17.2% y/y and 2.0% q/q compared to N512.3.3bn in Q2 2021 and N588.6bn […]
