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NIGERIAN BUREAU OF STATISTICS.
The Nigerian Bureau of Statistics has confirmed that Nigeria’s public debt grew at a rate of 75.27% on a quarter-on-quarter basis.
The NBS disclosed that Nollywood produced 416 movies in Q1 2021, a decline compared to 903 movies produced in Q4 2020.
The report found out that Over 67% of Nigerian households reported that their total income decreased.
VAT collection for Q2 2020 climbed higher by 0.8% q/q and 4.9% y/y to N327.2bn.
Although we expect the recent increment in the VAT rate to support growth in VAT on locally produced goods, in the short term, we expect the momentum as aggregate demand weakens due to a reduction in income levels and job losses brought about by the global pandemic.
Recent data on key industry fundamentals published by the NCC showed that the total number of broadband subscriptions grew 1.8% m/m and 19.0% y/y to 73.5 million.
The NBS has disclosed that the value of mCash transactions stood at N88.56 billion between October 2018 and September 2019.
NPL ratio for the Nigerian banking sector was down 2.6ppts q/q to 6.7% in Q3 2019 from 9.3% in Q2 2019.
The CBN has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their customer deposits.
Africa's richest man, Aliko Dangote has boasted of creating not less than 25,000 jobs with Dangote Cement Plc alone.
According to a recent data released by the National Bureau of Statistics (NBS), Nigeria's total trade grew by 2.5% in the first quarter of 2019, and 7.5% relative on a year on year basis, with exports valued at N4.5 trillion.
The latest trade data recently released by the National Bureau of Statistics (NBS), contains some interesting information about the products that were imported and exported by Nigeria during the first quarter of 2019.