August 10, 2021/SEC Nigeria The Securities & Exchange Commission, Nigeria has received a grant from the African Development Bank Group administered/Capital Markets Development Trust Fund to finance the Risk Based Supervision Framework Implementation and Capacity Development Project. The principal objectives of this project are to: Provide technical assistance and capacity […]
Updates
H1 2021 VAT UP +3.20% to N512.25 Billion-NBS
August 10, 2021/NBS Sectoral distribution of Value Added Tax (VAT) data for Q2 2021 reflected that the sum of N512.25bn was generated as VAT in Q2 2021 as against N496.39bn generated in Q1 2021 and N327.20bn generated in Q2 2020 representing 3.20% increase Quarter-on-Quarter and 56.56% increase Year-on-Year. Other Manufacturing […]
Gross Official Reserves Rose by US79m to US33.4bn in July 2021
August 10, 2021/Proshare By FBNQuest Research We see from CBN data that gross official reserves rose by USD79m to USD33.4bn in July. The buffer decreased steadily to USD33.09bn in the first 12 days of the month, before a steady increase in the remaining days of July. To obtain a fuller […]
