December 12, 2024/Cordros Report EQUITIES The domestic stock market closed higher for the third consecutive day as sustained interest in WAPCO (+6.1%) caused a 0.3% increase in the NGX ASI to 98,760.59. Accordingly, the Month-to-Date and Year-to-Date returns improved to +1.3% and +32.1%, respectively. The total trading volume increased by […]
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VAT Inflow Rises 14.16% Q/Q to ₦1.78 Trillion
December 12, 2024/CSL Research According to the National Bureau of Statistics (NBS), aggregate Value Added Tax (VAT) for Q3 2024 was reported at ₦1.78 trillion, a growth of 14.16% from ₦1.56 trillion in Q2 2024. Breakdown of the Q3 figures shows that local VAT payments amounted to ₦922.87 billion, a […]
2025 Outlook-Reform to Recovery: Navigating the Rebound
December 12, 2024/Cordros Report In 2024, Nigeria’s macroeconomic environment witnessed significant changes as policymakers sustained market reforms in the monetary, FX, and fiscal space. In Q1-24, the naira was again devalued to align with the parallel market rate, reaching a record low (NGN1,851.00/USD) before stabilising within the range of USD1,500.00/USD […]
