N269.79bn Generated as VAT in Q1 2018 - NBS

Proshare

Thursday, May 17, 2018 /09:34 AM / NBS 

Sectoral distribution of Value Added Tax (VAT) data for Q1 2018 reflected that the sum of N269.79bn was generated as VAT in Q1 2018 as against N254.10bn generated in Q4 2017 and N221.38bn in Q1 2017 representing 6.17% Increase Quarter-on-Quarter and 21.87% increase Year-on-Year. 

Other manufacturing generated the highest amount of VAT with N30.14bn generated and closely followed by Professional Services and Commercial and Trading both generating N16.58bn and N14.93bn respectively while Mining generated the least and closely followed by Pharmaceutical, Soaps & Toiletries and  Textile and Garment industry with N46.25 mln, N243.44 mln and N285.43 mln generated respectively. 

Out of the total amounted generated in Q1 2018, N121.40bn was generated as Non-Import VAT locally while N98.40bn was generated as Non-Import VAT for foreign. The balance of N50.00bn was generated as NCS-Import VAT. 


Click Here to Download Q1 2018 VAT PDF Report


 Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


Latest 2018 NBS Reports 

Q2 2018

1.       Average Price of 1kg of Tomato Increased by 8.38% MoM in April 2018 - NBS

2.      Average Fare for Bus Journey Within City Increased by 3.88% MoM in April 2018 - NBS

3.      Headline Inflation Drops to 12.48% in April 2018; 0.86% Lower Than March 2018 Rate

4.      Average Prices of PMS, AGO, HHK and Cooking Gas – April 2018

5.      Total Value of Capital Imported in Q1 2018 Stood at $6,303.63m - NBS

6.      Banking Sector Records 457.23m Volume of Transactions in Q1 2018 - NBS

7.      FAAC Disburses N647.39bn in March 2018 –NBS

8.     720,958 Passport Applications Received in 2017 - NBS

9.      309,713kg of Drug Seized in 2017 - NBS

10.  Average Intercity Bus Fare Decreased by -5.63% MoM in March 2018

11.   Average Price of Tomato Decreased by -0.58% YoY in March 2018

12.  Headline Inflation Drops to 13.34% in March 2018; 0.99% Lower Than February 2018 Rate

13.  Average Prices of PMS, AGO, HHK and Cooking Gas – March 2018

14.  Updated 2017 IGR Report – Osun State Grows IGR by 32.04% in FY 2017

 

Q1 2018

1.       FAAC Disburses N635.55bn in February 2018 - NBS

2.      Lagos State Has The Highest Domestic and Foreign Debts as at December 2017 - NBS

3.      States Generate N931.23bn as IGR in 2017 - NBS

4.      Average Air Fare Increased by 1.47% MoM in February 2018 - NBS

5.      Average Price of 1kg of Yam Tuber Increased by 7.10% YoY in February 2018 - NBS

6.      Headline Inflation Drops to 14.33% in February 2018; 0.8% Lower Than January 2018 Rate

7.      Average Prices of PMS, AGO, HHK and Cooking Gas – February 2018

8.     Lagos, Abuja, Port Harcourt, Owerri and Kano Airports Served Over 92% of Total Passengers in Q4 2017

9.      4,175 Ocean Going Vessels Recorded at Nigerian Ports in 2017

10.  Total Value of Capital Imported into Nigeria in Q4 2017 Estimated at $5,382.89m - NBS

11.   Nigeria’s GDP Grows in Real Terms by 1.92% in Q4 and 0.83% for Full Year 2017

12.  FAAC Disburses N655.18bn in January 2018 – NBS

13.  N254.10bn Generated as VAT in Q4 2017 – NBS

14.  Total Active Voice Subscription Increased by 3.69% in Q4 2017 – NBS

15.   18.36bn Litres of PMS Distributed State-wide in 2017 – NBS

16.  5.84m Students Enrolled in Junior Secondary Schools in 2016 - NBS

17.   2,489 Road Traffic Crashes Occurred in Q4 2017 - NBS

18.  Average Air Fare Increased by 7.34% YoY in January 2018 - NBS

19.  Headline Inflation Drops to 15.13% in January 2018; 0.24% Lower Than 15.37% December Rate

20. Average Prices of PMS, AGO, HHK and Cooking Gas – January 2018

21.  7.82m Workers Are Registered Under the Pension Scheme as at Q4 2017 - NBS

22. Daily Energy Generation Attained a Peak of 94,627MWh in Q4 2017 - NBS

23. Banking Sector Records 461.98m Volume of Transactions in Q4 2017 - NBS

24. 77.5m Persons Engaged in Some Sort of Economic Activities in Q3 2017 - NBS

25.  Average Fare Paid by Passengers for Water Transport Increased by 6.05% MoM to N631.55 in Dec 2017

26.  Average Price of 1kg of Yam Tuber Decreased by -3.67% YoY to N211.61 in December 2017 - NBS

27.  Headline Inflation Drops to 15.37% in December 2017; 0.53% Lower Than 15.90% November Rate

28.  Average Prices of PMS, AGO, HHK and Cooking Gas – December 2017

29.  Active Voice Subscribers Dropped by 8.73% in Q3 2017 – NBS

30.  Inequality in Nigeria Worsened Between 2004 and 2013 But Improved in 2016 – NBS

31.   FAAC Disburses N609.96bn in December 2017 – NBS

 

READ MORE:
Related News
SCROLL TO TOP