N289.04bn Generated as VAT in Q1 2019 – NBS

Sectoral distribution of Value Added Tax (VAT) data for Q1 2019 reflected that the sum of N289.04bn was generated as VAT in Q1 2019 as against N298.01bn generated in Q4 2018 and N269.79bn generated in Q1 2018 representing -3.01% decrease Quarter-on-Quarter and 7.13% increase Year-on-Year.

Other manufacturing generated the highest amount of VAT with N31.42bn generated and closely followed by Professional Services generating N24.31bn, Commercial and Trading generating N14.92bn while Mining generated the least and closely followed by Pharmaceutical, Soaps & Toiletries and Textile and Garment Industry with N59.88mln, N201.58mln and N298.14mln generated respectively.

Out of the total amount generated in Q1 2019, N137.06bn was generated as Non-Import VAT locally while N98.97bn was generated as Non-Import VAT for foreign. The balance of N5.01bn was generated as NCS-Import VAT.

Q2 2019

1. 4.87bn Litres of PMS Imported in Q1 2019 – NBS
2. FAAC Disburses N617.57bn in April 2019 – NBS
3. Average Price of 1kg of Tomato Increased by 7.05% MoM to N257.25 in April 2019 – NBS
4. Average Fare For Bus Journey Intercity Increased By 0.77% MoM to N1604.36 in April 2019 – NBS
5. Nigeria’s GDP Grew By 2.01% YoY In Real Terms In Q1 2019
6. Headline Inflation Increases By 11.37% YoY in April 2019; 0.12% Higher Than March 2019 Rate
7. Average Prices of PMS, AGO, HHK and Cooking Gas – April 2019
8. N3.42m Students Enrolled in Public Senior Secondary School in 2017 – NBS
9. N324.59bn Generated as IGR in Q4 2018 – NBS
10. Akwa Ibom State Reports Highest Unemployment Rate of 37.7% in Q3 2018 – NBS
11. 316,365kg of Drug Seized in 2018 – NBS
12. Average Price of 1kg of Tomato Decreased By 6.32% MoM to N240.29 in March 2019 – NBS
13. Average Fare Paid By Commuters Intercity Increased By 2.85% MoM to N1,592.07 in March 2019 – NBS
14. Headline Inflation Increases By 11.25% YoY in March 2019; 0.06% Lower Than February 2019 Rate
15. Average Prices of PMS, AGO, HHK and Cooking Gas – March 2019
16. FAAC Disburses N619.86bn in March 2019
17. Domestic Passenger Traffic Grew By 23.19% YoY in 2018 – NBS
18. Lagos State Has The Highest Debt Profile in 2018 – NBS
19. 1.65m Applications Received By JAMB in 2018 – NBS
20. FAAC Disburses N660.37bn in February 2019
21. Nigeria Produced 55.81m Tonnes of Solid Minerals in 2018 – NBS

Q1 2019

22. 8.41m Workers Are Registered Under The Pension Scheme As At Q42018 – NBS
23. Average Price of 1kg of Yam Tuber Decreased By -2.24% MoM to N206.48 in February 2019 – NBS
24. All-Region Terms of Trade Fell -2.78% Due to a Fall in the Prices of Goods Traded in Africa – NBS
25. Average Fare Paid By Commuters Within City Increased By 1.43% MoM to N177.57 in February 2019 – NBS
26. Headline Inflation Increases By 11.31% YoY in February 2019; 0.06% Lower Than January 2019 Rate
27. Average Prices of PMS, AGO, HHK and Cooking Gas – February 2019
28. Active Voice Subscribers Grew By 6.66% in Q4 2018 – NBS
29. 2,532 Road Traffic Crashes Occurred in Q4 2018 – NBS
30. Total Trade Declined By 5.1% QoQ in Q4 2018; Rose By 42.9% YoY
31. GDP By Income and Expenditure Approach Q1 and Q2 2018 – Household Final Consumption Grew by 0.78%
32. 1.67m Customers Metered As At Q4 2018 – NBS
33. N298.01bn Generated as VAT in Q4 2018 – NBS
34. Total Value of Credit Allocated By Banks Stood At N15.13trn As At Q4 2018 – NBS
35. Average Price of 1kg of Tomato Decreased By 2.39% YoY To N265.49 in January 2019 – NBS
36. FAAC Disburses N649.19bn in January 2019
37. Average Intercity Bus Fare Decreased By -13.90% MoM To N1,541.38 in January 2019
38. Headline Inflation Increases By 11.37% YoY in January 2019; 0.07% Lower Than December 2018 Rate
39. Average Prices of PMS, AGO, HHK and Cooking Gas – January 2019
40. Total Value of Capital Importation into Nigeria Stood at $16,812.47m in 2018 – NBS
41. Nigeria’s GDP Grew By 2.38% YoY in Real Terms in Q4 2018 and 1.93% in Full Year
42. 828,502 Employees Employed By 1,110 Registered Private Guard Companies in 2018 – NBS
43. States Generate N264.38bn as IGR in Q3 2018 – NBS
44. NBS Publishes Drug Use in Nigeria 2018 Survey Report
45. FAAC Disburses N3.19trn To FG in 2018 – NBS
46. FAAC Disburses N2.38trn To FG in 2017 – NBS
47. FAAC Disburses N812.76bn in December 2018 – NBS
48. Average Price of 1kg of Tomato Decreased By -7.76% MoM To N294.36
49. Average Within City Bus Journey Fare Decreased By -5.64% MoM To N181.61
50. Headline Inflation Increases By 11.44% YoY in December 2018; 0.16% Higher Than November 2018 Rate
51. Average Prices of PMS, AGO, HHK and Cooking Gas – December 2018