Nigeria Economy | |
Nigeria Economy | |
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Wednesday, October 04, 2017 12:30PM / NBS
The fiscal statistics on government revenue and expenditure for July 2017 reflected that total gross oil revenue was put at N362.43bn as against N254.02bn in June 2017. Crude oil sales accounted for the larger chunk of the oil revenue as N188.15bn was generated from crude oil sales while gas sales generated N29.69bn. the least oil revenue came from rent and gas flared penalty with N0.044bn and N0.184bn generated respectively.
Non-oil revenue came from Excise & Fees, import duty & other Customs and Companies Income Tax & Other Taxes with N54.00bn and N284.85bn generated respectively as gross non-oil revenue amounted to N338.85bn.
The gross revenue generated was put at N701.85bn while Net Federation Account Revenue after All Deductions Distributable was put at N521.82bn for July 2017.
Click Here to Download July 2017 Fiscal Statistics (PDF) Report
Latest 2017 NBS Reports
Q3 2017
1. FAAC Disburses N467.85bn in August 2017 - NBS
2. Lagos Accounted for 74.8% of International Passenger Traffic in Q2 2017
3. Lagos State Has the Highest Foreign and Domestic Debts as at June 2017
4. CPI Drops to 16.01% in August 2017, 0.04% Lower Than 16.05% July Rate
5. Average Air Fare Increased by 32.75% YoY in August 2017
6. Average Prices of PMS, AGO, HHK and Cooking Gas - August 2017
7. Average Price of 1kg of Yam Tuber Increased by 53.98% YoY in August 2017
8. Nigeria’s Merchandise Trade Grew Marginally QoQ but Significantly YoY in Q2 2017
9. 2,287 Drug Abuse Convictions Secured in 2016 - NBS
10. Average Price of 1kg of Tomato Increased YoY by 15.65% in July 2017 - NBS
11. Average Prices of PMS, AGO, HHK and Cooking Gas - July 2017
12. Average Intercity Fare Increased YoY by 27.49% in July 2017 - NBS
13. CPI Drops to 16.05% in July 2017, 0.05% Lower Than 16.10% June Rate
14. Total Value of Capital Imported into Nigeria in Q2 2017 Estimated at $1,792.3m - NBS
15. FAAC Disburses N652.23bn in July 2017 - NBS
16. Active Voice Subscribers Dropped by 6.67% in Q2 2017 – NBS
17. Banking Sector Records 327.37m Volume of Transactions in Q2 2017 - NBS
18. 870,397 Candidates Sat for NECO in June and July 2016
19. 3,457 Nigerians Repatriated from Abroad in 2016 – NBS
20. Corruption in Nigeria - Bribery as Experienced by the Population
21. Nigeria Produced 656.8m Barrels of Crude Oil in 2016
22. 2,503 Road Traffic Crashes Recorded in Q2 2017 - NBS
23. Daily Energy Generation Attained a Peak of 4,079MW in Q2 2017 - NBS
24. 7.59m Nigerians Are Registered Under the National Pension Scheme as at Q2’17 - NBS
25. FAAC Disburses N462.36bn in June 2017 - NBS
26. NBS Annual Abstract of Statistics 2016
27. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - June 2017
28. Average Intercity Transport Fare Decreases to N1,559.68 in Jun’17 from N1,565 in May’17
29. Average Price Of 1kg Of Yam Tuber Increased YoY by 32.84% in June 2017 -NBS
30. CPI Drops to 16.10% in June 2017, 0.15% Lower Than 16.25% May Rate
Q2 2017
31. FAAC Disburses N418.82bn in May 2017 - NBS
32. GDP By Income and Expenditure Approach – Basic Price GDP Declines by 2.3% in Q3’16 - NBS
33. Average Price Watch of PMS, AGO, HHK and Cooking Gas - May 2017
34. Average Intercity Transport Fare Decreases to N1,5865. in May’17 from N1,587.04 in Apr’17
35. Average Price Of 1kg Of Yam Tuber Increased YoY by 52.69% in May 2017 - NBS
36. CPI Drops to 16.25% in May 2017, 0.99% Lower Than 17.24% April Rate
37. N204.77bn Generated as VAT in Q1 2017 - NBS
38. 125,790 Cases of Reported Offences Recorded in 2016 - NBS
39. Labour Productivity Rose to N684.43 in 2016 - NBS
40. Merchandise Trade Grew By 0.1% - Positive Trade Balance Due to Rising Exports & Falling Imports
41. Unemployment Rate Rises to 14.2% in Q4’16 from 13.9% in Q3’16 - NBS
42. Lagos Airport Accounted for 76.5% of International Passengers in Q1 2017 - NBS
43. FAAC Disburses N496.39bn in April 2017 - NBS
44. Banking Sector Records 304.31 mln Volume of Transaction in Q1 2017 - NBS
45. Total Value of Capital Imported into Nigeria in Q1 2017 Estimated at $908.27m - NBS
46. GDP Contracts by -0.52% in Q1’17 from -1.73% in Q4’16; 5th Consecutive Quarter of Contraction
47. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch – April 2017
48. Average Intercity Transport Fare Increases to N1,587.04 in Apr’17 from N1,466.46 in Mar’17
49. Average Prices of 1kg of Yam Tubber Increased by 42.45% YoY in April 2017
50. CPI Drops to 17.24% in April 2017, 0.02% Lower Than 17.26% March Rate
51. Lagos, Rivers Top IGR for Full Year 2016
52. Telecoms Subscribers Dropped by 1.33% in Q1 2017 - NBS
53. Nigeria Imports 4.05bn Litres of PMS in Q1 2017 - NBS
54. Lagos State has the highest domestic and foreign debt profile in 2016 - NBS
55. 2,556 Road Traffic Crashes Recorded in Q1 2017 - NBS
56. FAAC Disburses N466.93bn in March 2017
57. Daily Energy Generation Attained a Peak of 5,846 MW in Q1 2017 - NBS
58. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - March 2017
59. Average Intercity Transport Fare Increases to N1,466.46 in Mar’17 from N1,411.87 in Feb’17
60. Average Prices of 1kg of Yam Tubber Increased by 63.4% YoY in March 2017
61. CPI Drops to 17.26% in March 2017, 0.52% Lower Than 17.78% February Rate
62. 7.49m Nigerians Are Registered Under the National Pension Scheme As At Q1 2017 - NBS
63. Lagos Airport Accounted for 69.1% of International Passengers in 2016 - NBS
Q1 2017
64. 11,363 Road Traffic Crashes Recorded in 2016 - NBS
65. FAAC Disburses N514.15bn in February 2017
66. FAAC Disburses N430.16bn in January 2017
67. Average Intercity Transport Fare Decreases to N1,411.87 in Feb’17 from N1430.63 in Jan’17
68. Average Price of 1kg of Rice Increased by 68% YoY in February 2017
69. Average Prices of PMS, AGO, HHK and Cooking Gas Price Watch - February 2017
70. CPI Drops to 17.78% in February 2017, 0.94% Lower Than 18.72% January Rate
71. Nigeria Produced 43.49m Tons of Solid Minerals in 2016 - NBS
72. NIPOST Generates N8.84bn Revenue in 2016 - NBS
73. Q4 2016 Merchandise Trade Intensity - Total Trade Grows by 6.5% in 2016
74. Merchandise Trade Grows in Q4 2016 - Records First Quarterly Positive Trade Balance Since Q4 2015
75. GDP Contracts by -1.30% in Q4 and -1.51% for Full Year 2016; Is Nigeria on Its Way Out of Recession?
76. JAMB Received 11.7m Applications Between 2010 and 2016
77. Average Kerosene Price Increases to N433.84 in Jan'17 from N231.85 in Dec'16
78. Average Intracity Transport Fare Increases to N122 in Jan'17 from N84.29 in Dec'16
79. Average Cooking Gas Price Increases to N2,567.56 in Jan’17 from N2,002.16 in Dec’16
80.Average Diesel Price Increases to N240.52 in Jan’17 from N196.20 in Dec’16
81. Average Petrol Price Increases to N148.7 in Jan'17 from N146.7 in Dec'16
82. CPI Rises to 18.72% in January 2017, 0.17% Higher Than 18.55% December 2016 Rate
83. GENCOs Issued Total Invoice of N331bn to DISCOs in 2016
84. Nigeria Produced 5.79 mln Tonnes of Fish Between 2010 and 2015
85. 4,296 Applications Were Received by NAFDAC for New Products Registration in 2016 - NBS
86. 19,833 Vessels Berthed At Nigerian Ports Between 2013 and 2016 - NBS
87. Total Value of Capital Imported into Nigeria in Q4 2016 Estimated at $1,548.88mln - NBS
88.Telecoms Sector Contributes N1,399bn to GDP in Q3 2016 - NBS
89. FAAC Disburses N426.88bn in December 2016 - NBS
90. Banking Sector Records 910.18m Volume of Transaction in 2016 on Electronic Payment Channels - NBS
91. Daily Energy Generation Attained a Peak of 3,859.59MW in Q4 2016 - NBS
92. 10.8% of Nigeria's Total Working Population Are Registered Under The National Pension Scheme - NBS
93. Nigeria Imports 4.83 bn Litres of PMS in Q4 2016 - NBS
94. 72.53% of Nigeria’s Prison Population in 2015 were Un-sentenced - NBS
95. Lagos, Ogun Top IGR for H1 2016