Updates

VAT Revenue Rises to N651.77 billion as Private Sector Credit Hits N29.18 Trillion in H1 2020

July 29, 2020/Cowry Asset In the just concluded week, data released by the National Bureau of Statistics (NBS) showed that total Value Added Tax (VAT) collected in H1 2020 rose year-on-year (y-o-y) by 8.45% to N651.77 billion, from N600.98 billion in H1 2019, as implementation of the 50% increase in […]

Emirates resumes Nairobi, Africa flights, launches new global health cover

July 29, 2020/jspcommunications Emirates has announced it will resume flights to Nairobi (from 2 August), Baghdad and Basra (from 10 August), expanding its growing network, and offering customers in Africa and around the world more convenient connections to Dubai, and via Dubai. This will take the airline’s passenger network to […]

Manufacturing PMI Contracts Third Straight Month, Stands at 44.9% in July 2020 from 41.1% in June 2020

July 29, 2020/CBN Introduction The June 2020 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period June 8-12, 2020. The respondents were purchasing and supply executives of manufacturing and non-manufacturing companies in the 36 states in Nigeria and the Federal Capital Territory […]