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Economy
Domestic Economy: Nigeria’s Trade Deficit Widens, Settles at NGN2.3trn in the Third Quarter
(Greenwich Merchant Bank): On the external front, Nigeria’s trade gap widened in the third quarter to a record high, as...
Read moreGlobal Economy: South Africa Economy Rebounds, as Q3:2020 GDP Grew 13.5% QoQ
(Greenwich Merchant Bank): The South African (SA) GDP for Q3:2020 printed an impressive rebound of 13.5% QoQ from -16.6% QoQ...
Read moreDomestic Economy: GDP Report Shows Household-focused Government Policies to Springboard Economy
(Greenwich Merchant Bank): The National Bureau of Statistics (NBS) published Nigeria’s Q2:2020 GDP Numbers based on the Expenditure and Income...
Read moreGlobal Economy: OECD Revises Global Outlook as COVID-19 Vaccine Raises Expectations
(Greenwich Merchant Bank): The Organisation for Economic Cooperation and Development (OECD) published a report on Tuesday, 1st of December 2020,...
Read moreDomestic Economy: Corporate Income Tax Plunged 20.1% YoY on COVID-19 Pandemic
(Greenwich Merchant Bank): As revealed by a recent survey by the National Bureau of Statistics (NBS), Corporate Income Tax (CIT)...
Read moreGlobal Economy: Activities Firm Up in the UK and US Economy…as Eurozone’s PMI Wanes
(Greenwich Merchant Bank): After four consecutive months of expansion, the IHS Markit/CIPS Flash UK Composite Output Index dipped from 52.1pts...
Read moreProfessional Services Sector generated the highest Company Income Tax in Q3 2020- NBS
A breakdown of the Q3 2020 data on Company Income Tax (CIT) by sectors in Nigeria, reflected that a total...
Read moreCentral Bank of Nigeria retains Monetary Policy Rate (MPR) at 11.5%
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) during its 276th meeting held on Tuesday, unanimously voted to...
Read moreGDP contraction: Nigeria falls into second recession in five years
Nigeria has officially entered a recession as the nation’s Gross Domestic Product (GDP) contracted by -3.62% (year-on-year) in real terms...
Read moreJust in: Inflation rate in Nigeria hits 13.71%, highest in two and half years
The Inflation rate in Nigeria has continued to soar, rising for thirteenth straight months in September 2020, as the prices...
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