Browsing: FGN

Nigeria records positive trade balance in Q3. Nigeria’s total imports decline as exported goods saw a push in the third quarter of 2019, the National Bureau of Statistics (NBS) has revealed.

Declining External Reserves Threaten CBN’s FX Market Intervention| The declining in the amount credited to the nation’s external reserves threatens the apex bank ability to supporting the local currency in the foreign exchange market, analysts have stated.

The Nigeria’s government generated the sum of N275 billion from sales tax otherwise call value added tax in the third quarter of financial year 2019.
The Nigerian Bureau of Statistics (www.nigeriastats.com) made this known in its Sector Distribution of VAT for 2019 third quarter report in Abuja on Monday.

The Nigerian economy strengthened further in the third quarter of the fiscal year 2019 as it recorded improved productive performance.

On the back of recent upswing in general increase in average prices of goods and services in the economy, analysts have predicted that Nigerians may experience weak purchasing power in the coming months.

The headline inflation increased year on year to 11.61% in October 2019, from 11.24% in September 2019. The spike in general increase in prices of goods and service was informed by the rise in food index.

As myriads of challenges facing the Organisation of Petroleum Exporting Countries (OPEC) grow, analysts have advised the Federal Government to take decisive steps towards ensuring that revenue base of the nation is not threaten

Flour Mills of Nigeria Plc, like other operators in the Fast moving consumers goods industry

FG’s adhoc policies to heighten uncertainty, toughen business climate- Analysts

Analysis of Nigerian 2020 Budget Proposal – PanAfrican Capital Holdings