January 26, 2021/CBN The Monetary Policy Committee (MPC) held its first statutory meeting for the year 2021 on the 25th and 26th January on the backdrop of dampened optimism for improvement in global output recovery, associated with the resurgence of the COVID-19 pandemic and mild success with vaccinations across several […]

January 26, 2021/NBS Sectoral distribution of Value Added Tax (VAT) data for Q4 2020 reflected that the sum of N454.69bn was generated as VAT in Q4 2020 as against N424.71bn generated in Q3 2020 and N308.48bn generated in Q4 2019 representing 7.06% increase Quarter-on-Quarter and 47.39% increase Year-on-Year. Professional Services […]

January 26, 2021/Cowry Asset Report MPC Observations: •The rapid spread of the new variant of COVID-19 and the high infection rate dampened the initial rebound in the economic recovery towards the end of 2020. The IMF estimated global output growth in 2020 to contract by 4.4%; albeit, it expected output […]