January 27, 2021/Aetoswire The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions. This press release features […]
Updates
WEO Update January 2021; Policy Support and Vaccines Expected to Lift Activity
January 27, 2021/IMF Read full report PDF Download the Data Although recent vaccine approvals have raised hopes of a turnaround in the pandemic later this year, renewed waves and new variants of the virus pose concerns for the outlook. Amid exceptional uncertainty, the global economy is projected to grow 5.5 […]
Company Income Tax Generated Dips -18.31% to N295.72 Billion in Q4 2020-NBS
January 27, 2021/NBS Sectoral distribution of Company Income Tax data for Q4 2020 reflected that the sum of N295.72bn was generated as CIT in Q4 2020 as against N416.01bn generated in Q3 2020 and N362.01bn generated in Q4 2019 representing -28.91% decrease Quarter-on-Quarter and -18.31% decrease Year-on-Year. Professional Services including Telecoms generated the highest amount of CIT with N32.17bn generated and closely followed by Other Manufacturing generating N25.64bn, Commercial and […]
