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Nigeria’s economy expanded by 3.89 per cent in real terms during the first quarter of the year, driven by a sharp rebound in agricultural output and sustained momentum in the services sector. Fresh data released on Monday by the National Bureau of Statistics shows a notable acceleration from the 3.13 per cent growth recorded during…
Nigeria’s manufacturing sector bolstered the national treasury with over N2 trillion in tax contributions last year. Data from the National Bureau of Statistics show Value Added Tax (VAT) from factories reached N1.17 trillion, a 45% jump from 2024. Company Income Tax (CIT) followed a similar path, rising by a third to N881 billion. These figures…
Nigeria’s economy closed 2025 on a high note, recording a real GDP growth of 4.07% in the fourth quarter. Data released by the National Bureau of Statistics (NBS) shows a steady acceleration from the 3.76% seen during the same period in 2024. The services sector remains the undisputed engine of this expansion, accounting for nearly…
