June 16, 2021/Cordros Report In our April inflation report (see report: A Transitory Moderation in Food Prices but Upside Risks Remain Elevated), we expressed that the year-on-year inflation rate will moderate given our expectation of a slower rise in food prices amidst a subdued growth in the core basket. True […]
Updates
Uptick in Q1 2021 Merchandise Trade
June 15, 2021/Proshare by FBNQuest Research The latest report from the Nigeria Bureau of Statistics (NBS) in its series on foreign trade in goods, drawn primarily from the Nigeria Custom Service, shows the total value of trade as NGN9.76trn in Q1 ’21, +7% q/q and +14% y/y. Compared with Q4 […]
FAAC Says N640.3 Billion Disbursed in February 2021-NBS
June 15, 2021/NBS The Federation Account Allocation Committee (FAAC) disbursed the sum of N640.31bn to the three tiers of government in February 2021 from the revenue generated in January 2021. The amount disbursed comprised of N482.96bn from the Statutory Account and N157.35bn from Valued Added Tax (VAT). Federal Government received […]
