VAT increases by N29.98bn in Q4 2020 — NBS
The National Bureau of Statistics (NBS) says Value Added Tax (VAT) increased by N29.98 billion from N424.71 billion generated in the third quarter to N454.69 billion in the fourth quarter, 2020 (Q4 2020). The NBS said this in its “Sectoral Distribution of Value Added Tax (Q4 2020)” obtained from its website on Wednesday in Abuja. […]
Nigeria’s GDP declines by 6% in Q2 — NBS
…As real non-oil GDP records 1st fall in 3 yrs By Elizabeth Adegbesan The country’s Gross Domestic Product (GDP) decreased (year-on-year, YoY) to- 6.10 per cent in real terms in the second quarter of the year (Q2’20) as non-oil GDP records first fall by 6.05 per cent since Q3’17. In its GDP Report for Q2’20 […]
Our response to quarter 2, 2020, NBS figures by Presidency
The National Bureau of Statistics (NBS) published on Monday August 24, 2020, the 2nd Quarter (Q2) 2020 Gross Domestic Product (GDP) estimates, which measures economic growth. Nigeria’s (GDP) declined by –6.10% (year-on-year) in real terms in the second quarter of 2020, ending the 3-year trend of low but consistently improving positive real growth rates recorded […]
ICT sector contributes 17.83% to nation’s economy -NBS
The National Bureau of Statistics (NBS), on Monday released Nigeria’s Gross Domestic Product (GDP), report for in the second quarter of 2020 (Q2 2020), showing 17.83 per cent contribution by the Information, Communication and Technology sector. A statement signed by Dr Femi Adeluyi, Technical Assistant, Information Technology, said the Minister of Communications and Digital Economy, […]
COVID-19 pushes Nigeria’s GDP down by 6.10% in Q2 2020
By Emmanuel Elebeke The National Bureau of Statistics, NBS, says Nigeria’s Gross Domestic Product (GDP) decreased by –6.10%(year-on-year) in real terms in the second quarter of 2020. The decrease it said ended the 3-year trend of low but positive real growth rates recorded since the 2016/17 recession. The decline was largely attributable to significantly lower […]
Average cost of 5kg cooking gas decreased to N1,971.34 in July — NBS
The average price for the refilling of a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) has decreased to N1,971.34 in July from N1973.95 in June. The statistics are contained in the Liquefied Petroleum Gas (cooking gas) Price Watch (July 2020) released by the National Bureau of Statistics (NBS) on its website on Tuesday. According […]
