Browsing: FGN

Experts estimate $15.4bn revenues miss for Nigeria amid COVID-19, Oil prices plunge

Expected open market price of PMS now ₦112.26

Food prices have been on the rise, and some market observers suggest that this is not unconnected with the land border closure policy.

Nigerian GDP expands 2.27% in 2019 on stable oil production

Slack revenues: FG records N1.14 trillion deficits in Q4 2019. On the back of dwindling revenues, the Central Bank of Nigeria has revealed in its economic report that Federal Government’s total expenditure was more than total receipts by about N1.4 trillion in the fourth quarter (Q4) of 2019.

Unease as external reserves fall to $37.66bn, edge toward resistance level. The latest figure on the Central Bank of Nigeria website

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.